Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0428%/8h= +46.9% APRpaid last 24h +0.011%

Price spread now: Extended against MEXC−0.070%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$160.157% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days+0.079%+$8 · spread now −0.070%, 7d avg −0.056%

Together, before fees+0.111%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.2970	0.0100	pay 0.0100% / 8h	2h 33m	$74.7M	$143.6M	200x
Short	Extended NEAR-USD	4.2940	0.0528	get 0.0066% / 1h	33m 43s	$3.7M	$19.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.070%Rate

Funding earned: $89.88
Price spread: −0.070% → −0.056%: −$1.42
Slippage, 4 orders: −$10.7
Fee MEXC: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $72.76
Costs to cover: 0.157%
Break-even: 1.3 days

Slippage from MEXC: live order book, 5 min ago; Extended: live order book, 5 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, 5 min ago	1.17 bp	1.2 bp −$1	1.7 bp −$17	21.7 bp −$2,166	63.8 bp −$31.9K
Sell Extended live order book, 5 min ago	0.58 bp	5.3 bp −$5	14.0 bp −$140	doesn't fit	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	4.2968	−0.004%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2919	−0.120%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2996	+0.061%	$161K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.630%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2950	−0.047%	$112K	$500K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3000	+0.070%	$262.8M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2940	−0.070%	$213.6M	$420.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2960	−0.023%	$60.4M	$285.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2850	−0.279%	$244K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2940	−0.070%	$32.3M	$59.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDTlong	+0.0100%	8h	4.2970	long leg	$74.7M	$143.6M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.2980	+0.023%	$51.9M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2950	−0.047%	$71.0M	$127.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2960	−0.023%	—	$143.4M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2998	+0.066%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2986	+0.038%	$251K	$949K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2990	+0.046%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3017	+0.109%	$263K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3042	+0.168%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3110	+0.326%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3110	+0.326%	$463K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3030	+0.140%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.2937	−0.077%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3055	+0.198%	$200K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3140	+0.396%	$13.3M	$31.8M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2992	+0.051%	$2.3M	$15.8M	50x	as long as short
Kalshi KXNEARPERP	+0.0266%	8h	4.3070	+0.233%	$870K	$24.5M	2.2x	as long as short
ApeX Omni NEARUSDT	+0.0281%	1h	4.2980	+0.023%	$165K	$794K	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0311% / S −0.0198%	1h	4.2964	−0.013%	$232K	—	100x	as long as short
Aster NEARUSDT	+0.0337%	8h	4.2947	−0.054%	$2.8M	$5.3M	50x	as long as short
Nado NEAR-PERP	+0.0356%	1h	4.2963	−0.017%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USDshort	+0.0528%	1h	4.2940	−0.070%	$3.7M	$19.8M	25x
SoDEX NEAR-USD	+0.0580%	1h	4.3015	+0.105%	$6K	$53K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0656%	1h	4.3027	+0.133%	$1.3M	$6.7M	20x	as long as short
Hyperliquid NEAR	+0.0700%	1h	4.2971	+0.002%	$351.1M	$310.1M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0735%	1h	4.3023	+0.123%	$7.5M	$38.7M	50x	as long as short
01 Exchange NEARUSD	+0.0752%	1h	4.3020	+0.116%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.3010	+0.093%	$216K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2967	−0.007%	$394K	$1.3M	10x	as long as short
Lighter NEAR	+0.0936%	1h	4.3002	+0.074%	$16.8M	$25.1M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.3144	+0.405%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1099%	1h	4.3047	+0.179%	$2.0M	$11.0M	25x	as long as short
Lighter RH NEAR	+0.1120%	1h	4.3012	+0.098%	$1.5M	$7.3M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2993	+0.054%	$689K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1377%	1h	4.2943	−0.064%	$5K	$12K	10x	as long as short