Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.129%

Price spread now: HTX against MEXC+0.406%7-day average +0.263% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.611%+$61 on $10k

Price spread, last 3 days (all we have)−0.088%−$9 · spread now +0.406%, 7d avg +0.263%

Together, before fees+0.523%+$52 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: HTX is 0.143% dearer against MEXC than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.263%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.4380	0.0100	pay 0.0100% / 8h	6h 18m	$76.5M	$142.3M	200x
Short	HTX NEAR-USDT	4.4560	0.0100	get 0.0100% / 8h	6h 18m	$461K	$3.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.406%Rate

Funding earned: $0
Price spread: +0.406% → +0.263%: $14.3
Slippage, 4 orders: −$50.66
Fee MEXC: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$48.36
Costs to cover: 0.627%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; HTX: live order book, just now.

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	1.13 bp	6.9 bp −$7	13.0 bp −$130	33.8 bp −$3,381	74.2 bp −$37.1K
Sell HTX live order book, just now	13.48 bp	22.2 bp −$22	87.2 bp −$872	doesn't fit	doesn't fit

NEAR on 44 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	4.4517	+0.309%	$2K	—	20x	as long as short
Phemex NEARUSDT	−0.0106%	8h	4.4480	+0.225%	$3.9M	$8.2M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.4544	+0.370%	$2.2M	$14.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4376	−0.009%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4546	+0.374%	$683K	$19.9M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4490	+0.247%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.692%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0080%	8h	4.4757	+0.849%	$8.6M	$18.5M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4550	+0.383%	$112K	$492K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4402	+0.050%	$417K	$1.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.4400	+0.045%	$269.2M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4347	−0.074%	$224.9M	$422.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4310	−0.158%	$63.4M	$291.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4590	+0.473%	$212K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4050	−0.744%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4454	+0.167%	$32.1M	$62.3M	75x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.4380	long leg	$76.5M	$142.3M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.4430	+0.113%	$54.6M	$43.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4345	−0.079%	$73.1M	$125.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4420	+0.090%	—	$143.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4700	+0.722%	$282K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4339	−0.092%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4720	+0.766%	$184K	$765K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4576	+0.442%	$207K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4464	+0.189%	$61K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4550	+0.383%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4495	+0.259%	$5K	$51K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.4560	+0.406%	$461K	$3.9M	75x
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4405	+0.056%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4418	+0.086%	$3.9M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4500	+0.270%	$207K	$34K	3x	as long as short
Aster NEARUSDT	+0.0192%	8h	4.4540	+0.361%	$3.1M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0213%	1h	4.4523	+0.322%	$8.1M	$40.8M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0354% / S −0.0248%	1h	4.4484	+0.233%	$263K	—	100x	as long as short
Nado NEAR-PERP	+0.0365%	1h	4.4529	+0.336%	$1.9M	$3.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0380%	1h	4.4506	+0.284%	$1.9M	$4.2M	25x	as long as short
01 Exchange NEARUSD	+0.0424%	1h	4.4622	+0.545%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.4591	+0.476%	$567K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4597	+0.489%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0848%	1h	4.4438	+0.131%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0915%	1h	4.4491	+0.250%	$376.0M	$308.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0957%	1h	4.4525	+0.327%	$1.4M	$6.3M	20x	as long as short
Aftermath Perps NEARUSD	+0.1566%	1h	4.4416	+0.082%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1736%	1h	4.4534	+0.346%	$17.8M	$25.6M	15x	as long as short