Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC+0.060%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$210.215% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 7 days−0.109%−$11 · spread now +0.060%, 7d avg −0.032%

Together, before fees−0.129%−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.092% dearer against MEXC than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.1760	0.0100	pay 0.0100% / 8h	1h 32m	$82.0M	$141.7M	200x
Short	Bitget NEARUSDT	4.1785	0.0100	get 0.0100% / 8h	1h 32m	$69.1M	$125.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → −0.032%: $9.16
Slippage, 4 orders: −$9.46
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$12.3
Costs to cover: 0.215%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bitget: live order book, 2 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	1.20 bp	1.2 bp −$1	4.2 bp −$42	18.0 bp −$1,803	46.3 bp −$23.2K
Sell Bitget live order book, 2 min ago	0.12 bp	8.2 bp −$8	14.1 bp −$141	32.1 bp −$3,209	doesn't fit

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
Reya NEARRUSDPERP	−0.0171%	1h	4.1736	−0.057%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1733	−0.065%	$2.1M	$12.7M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.838%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1769	+0.021%	$108K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1810	+0.120%	$431K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1802	+0.101%	$207K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0048%	1h	4.1820	+0.144%	$7.6M	$36.8M	50x	as long as short
01 Exchange NEARUSD	+0.0080%	1h	4.1762	+0.005%	$12K	$7K	10x	as long as short
Lighter RH NEAR	+0.0096%	1h	4.1799	+0.093%	$1.5M	$6.9M	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1730	−0.072%	$111K	$482K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1797	+0.089%	$53K	$158K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1701	−0.142%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1780	+0.048%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1763	+0.008%	$361K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1786	+0.063%	$238.9M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1780	+0.048%	$213.0M	$423.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1780	+0.048%	$57.4M	$276.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1770	+0.024%	$310K	$1.6M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1500	−0.623%	$236K	$4K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1782	+0.053%	$29.9M	$57.3M	75x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.1760	long leg	$82.0M	$141.7M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.1780	+0.048%	$55.0M	$44.4M	75x	as long as short
Bitget NEARUSDTshort	+0.0100%	8h	4.1785	+0.060%	$69.1M	$125.4M	75x
BingX NEAR-USDC	+0.0100%	8h	4.1790	+0.072%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1530	−0.550%	$7.7M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1767	+0.016%	$238K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1831	+0.170%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1790	+0.072%	$175K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1758	−0.005%	$206K	$3.2M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1800	+0.096%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1788	+0.067%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1740	−0.048%	$3.8M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1773	+0.031%	$3.8M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1786	+0.061%	$201K	$62K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1740	−0.048%	$12.2M	$33.2M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0252%	1h	4.1825	+0.156%	$1.8M	$2.2M	25x	as long as short
Hyperliquid NEAR	+0.0304%	1h	4.1800	+0.096%	$352.8M	$298.8M	10x	as long as short
Lighter NEAR	+0.0352%	1h	4.1830	+0.167%	$16.0M	$23.2M	15x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1753	−0.016%	$410K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0381% / S −0.0328%	1h	4.1790	+0.071%	$281K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0439%	1h	4.1774	+0.034%	$1.2M	$5.7M	20x	as long as short
Nado NEAR-PERP	+0.0536%	1h	4.1715	−0.108%	$1.8M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1571	−0.453%	$1.7M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.0832%	1h	4.1712	−0.116%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.0985%	8h	4.1830	+0.168%	$448K	$3.6M	75x	as long as short