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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: edgeX against Phemex−0.305%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$720.723% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.066%+$7 on $10k
Price spread, last 3 days (all we have)+0.301%+$30 · spread now −0.305%, 7d avg 0.000%
Together, before fees+0.366%+ Points / potential airdropedgeX: Active · farm board+$37 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: edgeX is 0.305% cheaper against Phemex than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of 0.000%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex NEARUSDT4.13300.0100pay 0.0100% / 8h2h 05m$3.8M$8.2M50x
ShortedgeX NEARUSDC4.12040.0100get 0.0050% / 4h2h 05m$235K$1.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Phemex. 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
$0
Price spread: −0.305% → 0.000%
−$30.49
Slippage, 4 orders
−$51.3
Fee Phemex: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$102.79
Costs to cover
0.723%
Break-even
never at this rate
Slippage from Phemex: live order book, 4 min ago; edgeX: 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 Phemex live order book, 4 min ago2.42 bp25.4 bp −$2547.8 bp −$478doesn't fitdoesn't fit
Sell edgeX live order book, 4 min ago8.47 bp13.8 bp −$1430.8 bp −$308doesn't fitdoesn't fit

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
Reya NEARRUSDPERP−0.0171%1h4.1304−0.062%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0024%1h4.1323−0.017%$2.1M$12.6M50xas long as short
dYdX NEAR-USD0.0000%1h4.1308−0.054%$104K$54K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.1331+0.002%$398K$18.3M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.1349+0.047%$205K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410+0.194%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.1260−0.169%$107K$490K50xas long as short
Orderly PERP_NEAR_USDC+0.0099%8h4.1358+0.068%$53K$157K20xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.1254−0.183%$30K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.1332+0.004%$2.9M$5.9M50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NEAR+0.0100%1h4.1325−0.012%$348K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.1329−0.002%$235.5M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.1303−0.065%$210.3M$428.7M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.1320−0.024%$56.3M$275.6M50xas long as short
Bulk NEAR-USD+0.0100%1h4.1150−0.436%$234K$6K10xas long as short
Gate NEAR_USDT+0.0100%8h4.1322−0.019%$29.4M$58.4M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.13300.000%$80.6M$145.0M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.1350+0.048%$55.8M$44.9M75xas long as short
Bitget NEARUSDT+0.0100%8h4.1332+0.005%$68.7M$126.8M75xas long as short
BingX NEAR-USDC+0.0100%8h4.1310−0.048%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.1203−0.307%$7.6M$18.6Mas long as short
edgeX NEARUSDCshort+0.0100%4h4.1204−0.305%$235K$1.2M20x
GRVT NEAR_USDT_Perp+0.0100%8h4.1290−0.097%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.1220−0.266%$181K$792K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.1332+0.005%$203K$3.1M10xas long as short
SunX NEAR-USDT+0.0100%8h4.1310−0.048%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.13300.000%$5K$46K10xas long as short
Phemex NEARUSDTlong+0.0100%8h4.1330long leg$3.8M$8.2M50x
Extended NEAR-USD+0.0104%1h4.1342+0.029%$3.7M$14.6M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.1355+0.060%$200K$61K3xas long as short
Arcus NEAR-USD+0.0118%1h4.1280−0.121%$307K$1.6M10xas long as short
Kraken Futures PF_NEARUSD+0.0150%1h4.1369+0.094%$7.3M$36.9M50xas long as short
01 Exchange NEARUSD+0.0160%1h4.1279−0.123%$12K$7K10xas long as short
BloFin NEAR-USDT+0.0220%8h4.1290−0.097%$12.2M$33.6M75xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0258%1h4.1390+0.145%$1.8M$2.1M25xas long as short
Lighter RH NEAR+0.0264%1h4.1369+0.094%$1.4M$7.2M10xas long as short
Nado NEAR-PERP+0.0360%1h4.1276−0.130%$1.8M$3.6M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0376% / S −0.0324%1h4.1343+0.031%$276K100xas long as short
RISEx NEAR/USDC+0.0569%1h4.1280−0.121%$411K$1.2M10xas long as short
Phoenix NEAR+0.0582%1h4.1315−0.036%$1.7M$2.8M10xas long as short
Lighter NEAR+0.0720%1h4.1390+0.146%$15.2M$23.1M15xas long as short
Backpack NEAR_USDC_PERP+0.0741%1h4.1388+0.140%$1.4M$5.7M20xas long as short
Hyperliquid NEAR+0.0852%1h4.1380+0.121%$347.8M$299.2M10xas long as short
Aftermath Perps NEARUSD+0.0940%1h4.1280−0.122%$5K$11K10xas long as short
HTX NEAR-USDT+0.1065%8h4.1420+0.218%$445K$3.7M75xas long as short