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: Orderly against MEXC+0.024%7-day average +0.017% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 3 days (all we have)+0.251%+$25 · spread now +0.024%, 7d avg +0.017%

Together, before fees+0.227%+$23 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.2060	0.0100	pay 0.0100% / 8h	1h 15m	$83.2M	$143.0M	200x
Short	Orderly PERP_NEAR_USDC	4.2070	0.0100	get 0.0100% / 8h	1h 15m	$56K	$194K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.024%Rate

Funding earned: $0
Price spread: +0.024% → +0.017%: $0.71
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$5.29
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

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, 3 min ago	1.19 bp	1.2 bp −$1	4.0 bp −$40	18.0 bp −$1,797	44.3 bp −$22.2K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.2042	−0.043%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.2069	+0.021%	$2.2M	$12.8M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−1.545%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2087	+0.065%	$109K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2082	+0.052%	$431K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2079	+0.045%	$208K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0048%	1h	4.2067	+0.017%	$7.7M	$36.6M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2080	+0.048%	$107K	$487K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2067	+0.017%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2112	+0.124%	$3.0M	$5.7M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.2102	+0.099%	$364K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2050	−0.024%	$241.8M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2038	−0.052%	$214.9M	$420.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2040	−0.048%	$58.4M	$277.1M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2080	+0.048%	$226K	$1.7M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2055	−0.012%	$30.0M	$57.9M	75x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.2060	long leg	$83.2M	$143.0M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.2080	+0.048%	$55.3M	$43.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2054	−0.014%	$69.7M	$124.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2040	−0.048%	—	$137.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1950	−0.262%	$7.8M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1992	−0.162%	$240K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2092	+0.077%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2020	−0.095%	$176K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2095	+0.083%	$204K	$3.2M	10x	as long as short
Orderly PERP_NEAR_USDCshort	+0.0100%	8h	4.2070	+0.024%	$56K	$194K	20x
SunX NEAR-USDT	+0.0100%	8h	4.2140	+0.190%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2040	−0.048%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2050	−0.024%	$3.9M	$8.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2042	−0.043%	$240K	$2K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2041	−0.046%	$3.9M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2049	−0.026%	$203K	$62K	3x	as long as short
Lighter RH NEAR	+0.0120%	1h	4.2105	+0.107%	$1.5M	$7.0M	10x	as long as short
01 Exchange NEARUSD	+0.0120%	1h	4.2114	+0.128%	$12K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0178%	1h	4.2092	+0.076%	$1.9M	$2.2M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2120	+0.143%	$12.4M	$31.8M	75x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.2109	+0.115%	$411K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0383% / S −0.0329%	1h	4.2073	+0.030%	$284K	—	100x	as long as short
Hyperliquid NEAR	+0.0443%	1h	4.2124	+0.152%	$357.4M	$294.0M	10x	as long as short
Nado NEAR-PERP	+0.0504%	1h	4.2061	+0.002%	$1.9M	$3.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0510%	1h	4.2092	+0.076%	$1.2M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0542%	1h	4.2035	−0.059%	$1.7M	$2.7M	10x	as long as short
Lighter NEAR	+0.0880%	1h	4.2167	+0.253%	$16.3M	$23.6M	15x	as long as short
HTX NEAR-USDT	+0.0944%	8h	4.2190	+0.309%	$453K	$3.6M	75x	as long as short
Aftermath Perps NEARUSD	+0.0984%	1h	4.2063	+0.007%	$5K	$11K	10x	as long as short