Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.33 per $10,000 · paid last 24h +0.005%
Price spread now: BingX against OKX−0.046%7-day average · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$420.422% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.069%−$7 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. BingX is 0.046% cheaper against OKX than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 4.6 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.069%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX NEAR-USDT-SWAP4.37400.0100pay 0.0100% / 8h7h 48m$61.7M$296.9M50x
ShortBingX NEAR-USDC4.37200.0133get 0.0133% / 8h7h 48m$6.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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

Funding earned
$6.93
Price spread: −0.046% → 0.000%
−$4.57
Slippage, 4 orders
−$22.25
Fee OKX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$39.89
Costs to cover
0.422%
Break-even
47.3 days
Slippage from OKX: live order book, 5 min ago; BingX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 5 min ago1.15 bp8.9 bp −$916.3 bp −$16343.5 bp −$4,345doesn't fit
Sell BingX live order book, 4 min ago1.14 bp12.4 bp −$1227.1 bp −$27170.2 bp −$7,024527.6 bp −$263.8K

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NEARUSD−0.0433%1h4.3642−0.224%$7.2M$38.6M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.3615−0.286%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3703−0.085%$107K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3670−0.160%$163K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.327%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3670−0.160%$119K$503K50xas long as short
Hyperliquid NEAR+0.0100%1h4.3745+0.011%$352.4M$316.8M10xas long as short
Aster NEARUSDT+0.0100%8h4.3736−0.009%$2.7M$4.8M50xas long as short
Bybit NEARUSDT+0.0100%8h4.3693−0.107%$220.4M$428.9M75xas long as short
OKX NEAR-USDT-SWAPlong+0.0100%8h4.3740long leg$61.7M$296.9M50x
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus NEAR-USD+0.0100%1h4.3720−0.046%$229K$1.5M10xas long as short
Bulk NEAR-USD+0.0100%1h4.3688−0.119%$252K$3K10xas long as short
Gate NEAR_USDT+0.0100%8h4.3721−0.043%$36.3M$61.7M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3720−0.046%$52.9M$45.7M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3707−0.075%$72.2M$127.6M75xas long as short
Variational Omni NEAR+0.0100%8h4.3688−0.119%$9.0M$18.3Mas long as short
edgeX NEARUSDC+0.0100%4h4.3651−0.203%$253K$894K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3670−0.159%$1.4M$1.6M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3660−0.183%$166K$816K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3685−0.126%$273K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3690−0.114%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3720−0.046%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3645−0.217%$5K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3680−0.137%$3.5M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3736−0.009%$32K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3734−0.014%$3.6M$16.0M25xas long as short
Aevo NEAR-PERP+0.0112%1h4.3673−0.152%$203K$40K3xas long as short
Binance NEARUSDT+0.0121%8h4.37400.000%$264.0M$1.09B75xas long as short
MEXC NEAR_USDT+0.0122%8h4.3700−0.091%$90.3M$153.2M200xas long as short
BingX NEAR-USDCshort+0.0133%8h4.3720−0.046%$6.7M
Kalshi KXNEARPERP+0.0153%8h4.3671−0.158%$892K$25.2M2.2xas long as short
BloFin NEAR-USDT+0.0242%8h4.3640−0.229%$12.5M$32.2M75xas long as short
01 Exchange NEARUSD+0.0264%1h4.3709−0.071%$13K$7K10xas long as short
Nado NEAR-PERP+0.0329%1h4.3675−0.149%$1.7M$3.2M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0346% / S −0.0248%1h4.3665−0.171%$255K100xas long as short
Lighter RH NEAR+0.0376%1h4.3785+0.103%$1.5M$6.4M10xas long as short
HTX NEAR-USDT+0.0388%8h4.3790+0.114%$463K$3.8M75xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3744+0.009%$2.3M$17.1M50xas long as short
Backpack NEAR_USDC_PERP+0.0551%1h4.3736−0.009%$1.1M$7.2M20xas long as short
Lighter NEAR+0.0552%1h4.3794+0.123%$17.3M$23.8M15xas long as short
RISEx NEAR/USDC+0.0656%1h4.3699−0.094%$592K$1.5M10xas long as short
Pacifica NEAR+0.0701%1h4.3735−0.011%$412K$1.4M10xas long as short
Phoenix NEAR+0.0740%1h4.3729−0.025%$1.8M$2.4M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0826%1h4.3722−0.041%$1.9M$13.1M25xas long as short
Aftermath Perps NEARUSD+0.1086%1h4.3667−0.167%$5K$7K10xas long as short