Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0367%/8h= −40.2% APRpaid last 24h −0.066%

Price spread now: MEXC against Nado+0.047%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on Nado Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.069%−$7 on $10k

Price spread, last 7 days−0.156%−$16 · spread now +0.047%, 7d avg −0.043%

Together, before fees−0.225%+ Points / potential airdropNado: Active · farm board−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.090% dearer against Nado than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of −0.043%): +$9 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 3 days (−0.069% in total) that is about 4.1 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.069% in total (about -8.0% 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	Nado NEAR-PERP	4.2870	0.0467	pay 0.0058% / 1h	6m 17s	$1.9M	$3.5M	10x
Short	MEXC NEAR_USDT	4.2890	0.0100	get 0.0100% / 8h	1h 06m	$83.8M	$145.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Nado. 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 NadobpFee MEXCbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$77.16
Price spread: +0.047% → −0.043%: $9
Slippage, 4 orders: −$13.26
Fee Nado: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$88.42
Costs to cover: 0.203%
Break-even: never at this rate

Slippage from Nado: live order book, 3 min ago; MEXC: live order book, 8 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 Nado live order book, 3 min ago	1.75 bp	9.0 bp −$9	20.9 bp −$209	doesn't fit	doesn't fit
Sell MEXC live order book, 8 min ago	1.19 bp	1.2 bp −$1	1.2 bp −$12	5.7 bp −$568	32.5 bp −$16.3K

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	4.2871	+0.002%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.2884	+0.033%	$2.2M	$13.2M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−3.406%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2869	−0.001%	$112K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2675	−0.455%	$464K	$18.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2892	+0.051%	$207K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0047%	1h	4.2919	+0.113%	$7.7M	$36.2M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2890	+0.047%	$106K	$490K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2884	+0.032%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2920	+0.117%	$3.0M	$5.6M	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	4.2902	+0.074%	$399K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2896	+0.060%	$249.0M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2880	+0.023%	$220.3M	$420.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2880	+0.023%	$60.3M	$283.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2890	+0.047%	$196K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2317	−1.290%	$241K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2894	+0.056%	$30.3M	$59.1M	75x	as long as short
MEXC NEAR_USDTshort	+0.0100%	8h	4.2890	+0.047%	$83.8M	$145.1M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.2910	+0.093%	$56.3M	$43.3M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2893	+0.054%	$71.3M	$125.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2880	+0.023%	—	$137.0M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2299	−1.331%	$7.9M	$17.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2295	−1.342%	$247K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2644	−0.527%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2620	−0.583%	$178K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2918	+0.112%	$234K	$3.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2913	+0.100%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2950	+0.187%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2890	+0.047%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2840	−0.070%	$3.9M	$8.1M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2874	+0.008%	$4.0M	$14.8M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2899	+0.067%	$207K	$62K	3x	as long as short
01 Exchange NEARUSD	+0.0144%	1h	4.2941	+0.166%	$13K	$7K	10x	as long as short
Lighter RH NEAR	+0.0160%	1h	4.2936	+0.154%	$1.5M	$7.0M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2850	−0.047%	$12.6M	$32.6M	75x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.2916	+0.108%	$414K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0390% / S −0.0335%	1h	4.2903	+0.077%	$293K	—	100x	as long as short
Nado NEAR-PERPlong	+0.0467%	1h	4.2870	long leg	$1.9M	$3.5M	10x
Phoenix NEAR	+0.0542%	1h	4.2682	−0.439%	$1.8M	$2.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0549%	1h	4.2896	+0.061%	$1.3M	$5.5M	20x	as long as short
Hyperliquid NEAR	+0.0636%	1h	4.2999	+0.301%	$371.4M	$296.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0799%	1h	4.2948	+0.182%	$1.9M	$2.3M	25x	as long as short
HTX NEAR-USDT	+0.0928%	8h	4.3030	+0.373%	$463K	$3.6M	75x	as long as short
Lighter NEAR	+0.0992%	1h	4.2990	+0.281%	$16.5M	$23.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.0999%	1h	4.2555	−0.734%	$5K	$11K	10x	as long as short