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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Polymarket Perps−0.213%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$380.379% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.061%−$6 on $10k
Price spread, last 7 days+0.193%+$19 · spread now −0.213%, 7d avg −0.030%
Together, before fees+0.132%+$13 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: BingX is 0.183% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps NEAR-USD4.27010.0100pay 0.0013% / 1h59m 02s$194K$3.5M10x
ShortBingX NEAR-USDC4.26100.0100get 0.0100% / 8h7h 59m$6.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Polymarket Perps. 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: −0.213% → −0.030%
−$18.29
Slippage, 4 orders
−$19.91
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$56.19
Costs to cover
0.379%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 5 min ago; BingX: live order book, 13 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 Polymarket Perps live order book, 5 min ago0.93 bp7.3 bp −$78.3 bp −$83doesn't fitdoesn't fit
Sell BingX live order book, 13 min ago1.17 bp12.0 bp −$1222.3 bp −$22363.5 bp −$6,351497.6 bp −$248.8K

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
Reya NEARRUSDPERP−0.0171%1h4.2630−0.166%$2K20xas long as short
Kraken Futures PF_NEARUSD−0.0132%1h4.2650−0.118%$7.5M$37.4M50xas long as short
Coinbase International NEAR-PERP-INTX−0.0096%1h4.2670−0.073%$2.2M$13.1M50xas long as short
dYdX NEAR-USD0.0000%1h4.2711+0.022%$111K$62K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.2640−0.143%$369K$18.8M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.2643−0.137%$202K150xas long as short
Variational Omni NEAR+0.0024%8h4.2669−0.074%$7.8M$18.5Mas long as short
01 Exchange NEARUSD+0.0032%1h4.2647−0.126%$13K$7K10xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.023%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.2690−0.026%$110K$495K50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_NEAR_USDC+0.0099%8h4.2650−0.119%$57K$194K20xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.2672−0.068%$31K$64710xas long as short
Hyperliquid NEAR+0.0100%1h4.2670−0.073%$363.5M$301.4M10xas long as short
Aster NEARUSDT+0.0100%8h4.2646−0.129%$3.0M$5.7M50xas long as short
Pacifica NEAR+0.0100%1h4.2680−0.049%$400K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.2640−0.143%$252.7M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.2613−0.206%$216.8M$421.5M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2610−0.213%$60.5M$285.2M50xas long as short
Arcus NEAR-USD+0.0100%1h4.2640−0.143%$195K$1.8M10xas long as short
Bulk NEAR-USD+0.0100%1h4.2757+0.132%$244K$2K10xas long as short
Gate NEAR_USDT+0.0100%8h4.2609−0.215%$30.8M$58.3M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.2620−0.190%$79.2M$137.8M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2650−0.119%$55.7M$43.4M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2628−0.171%$70.7M$126.0M75xas long as short
BingX NEAR-USDCshort+0.0100%8h4.2610−0.213%$6.6M
edgeX NEARUSDC+0.0100%4h4.2687−0.033%$243K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2676−0.059%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.2710+0.021%$178K$792K50xas long as short
Polymarket Perps NEAR-USDlong+0.0100%1h4.2701long leg$194K$3.5M10x
SunX NEAR-USDT+0.0100%8h4.2680−0.049%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.2630−0.166%$4K$54K10xas long as short
HTX NEAR-USDT+0.0100%8h4.2760+0.138%$456K$3.7M75xas long as short
Phemex NEARUSDT+0.0100%8h4.2620−0.190%$3.8M$8.5M50xas long as short
Extended NEAR-USD+0.0104%1h4.2612−0.207%$3.9M$16.4M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.2743+0.097%$202K$23K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.2590−0.260%$13.0M$29.2M75xas long as short
Backpack NEAR_USDC_PERP+0.0276%1h4.2664−0.087%$1.4M$5.6M20xas long as short
Lighter RH NEAR+0.0336%1h4.2697−0.009%$1.6M$6.8M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0360%1h4.2679−0.052%$1.9M$2.8M25xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0376% / S −0.0316%1h4.2637−0.149%$275K100xas long as short
RISEx NEAR/USDC+0.0428%1h4.2663−0.089%$418K$1.2M10xas long as short
Phoenix NEAR+0.0463%1h4.2828+0.297%$1.8M$2.6M10xas long as short
Aftermath Perps NEARUSD+0.1185%1h4.2754+0.125%$5K$12K10xas long as short
Nado NEAR-PERP+0.1190%1h4.2654−0.111%$1.9M$3.4M10xas long as short
Lighter NEAR+0.1784%1h4.2761+0.141%$16.9M$23.4M15xas long as short