Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: BingX against MEXC−0.088%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.088% cheaper against MEXC than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.5540	0.0100	pay 0.0100% / 8h	7h 01m	$85.3M	$167.2M	200x
Short	BingX NEAR-USDC	4.5500	0.0100	get 0.0100% / 8h	7h 01m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee BingXbpOrdersPrice spread, now −0.088%Rate

Funding earned: $0
Price spread: −0.088% → 0.000%: −$8.78
Slippage, 4 orders: −$18.84
Fee MEXC: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$37.62
Costs to cover: 0.288%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; BingX: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 2 min ago	1.10 bp	1.1 bp −$1	3.8 bp −$38	28.4 bp −$2,836	86.9 bp −$43.4K
Sell BingX live order book, 10 min ago	1.12 bp	11.9 bp −$12	31.1 bp −$311	75.6 bp −$7,562	549.5 bp −$274.8K

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_NEARUSD	−0.0415%	1h	4.5494	−0.101%	$7.5M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.5502	−0.084%	$2K	—	20x	as long as short
Phemex NEARUSDT	−0.0062%	8h	4.5470	−0.154%	$3.6M	$7.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5518	−0.049%	$111K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5468	−0.159%	$171K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−9.069%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5520	−0.044%	$119K	$516K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5540	0.000%	$2.7M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5530	−0.022%	$276.3M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5490	−0.110%	$237.2M	$435.2M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5460	−0.176%	$64.8M	$310.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.5570	+0.066%	$238K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5050	−1.076%	$260K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5514	−0.057%	$39.1M	$64.7M	75x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.5540	long leg	$85.3M	$167.2M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.5550	+0.022%	$54.0M	$45.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5465	−0.165%	$75.1M	$127.5M	75x	as long as short
BingX NEAR-USDCshort	+0.0100%	8h	4.5500	−0.088%	—	$6.7M	—
Variational Omni NEAR	+0.0100%	8h	4.5318	−0.489%	$9.4M	$17.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5430	−0.241%	$268K	$900K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5537	−0.007%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5480	−0.132%	$171K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5525	−0.033%	$283K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5472	−0.149%	$59K	$254K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5540	0.000%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5515	−0.055%	$5K	$49K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5523	−0.038%	$3.8M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5485	−0.121%	$211K	$38K	3x	as long as short
Paradex NEAR-USD-PERP	+0.0108%	8h	4.5560	+0.043%	$33K	$413	10x	as long as short
Kalshi KXNEARPERP	+0.0128%	8h	4.5630	+0.198%	$913K	$25.5M	2.2x	as long as short
Nado NEAR-PERP	+0.0219%	1h	4.5535	−0.011%	$1.8M	$3.2M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5690	+0.329%	$12.9M	$33.6M	75x	as long as short
HTX NEAR-USDT	+0.0343%	8h	4.5550	+0.022%	$482K	$3.8M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0244%	1h	4.5474	−0.145%	$267K	—	100x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.5524	−0.035%	$13K	$5K	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.5569	+0.064%	$2.4M	$17.9M	50x	as long as short
Hyperliquid NEAR	+0.0497%	1h	4.5538	−0.004%	$370.2M	$320.1M	10x	as long as short
Lighter RH NEAR	+0.0560%	1h	4.5560	+0.044%	$1.6M	$6.6M	10x	as long as short
Lighter NEAR	+0.0568%	1h	4.5568	+0.060%	$17.9M	$24.3M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.0651%	1h	4.5529	−0.024%	$1.1M	$7.2M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.5686	+0.321%	$649K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.5586	+0.100%	$430K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.5702	+0.356%	$1.7M	$2.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1158%	1h	4.5526	−0.031%	$2.0M	$13.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1261%	1h	4.5321	−0.480%	$6K	$7K	10x	as long as short