Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: edgeX against Popdex−0.353%59s7-day average −0.004% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.443% of the position

Long on Popdex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%+$1 on $10k

Price spread, last 3 days (all we have)+0.654%+$65 · spread now −0.353%, 7d avg −0.004%

Together, before fees+0.659%+ Points / potential airdropedgeX: Active · farm board+$66 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 0.349% cheaper against Popdex than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of −0.004%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex NEARUSDT	4.1350	0.0096	pay 0.0012% / 1h	4m 42s	$107K	$490K	50x
Short	edgeX NEARUSDC	4.1204	0.0100	get 0.0050% / 4h	2h 04m	$235K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Popdex. 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 PopdexbpFee edgeXbpOrdersPrice spread, now −0.353%Rate

Funding earned: $0.84
Price spread: −0.353% → −0.004%: −$34.94
Slippage, 4 orders: −$28.85
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$78.35
Costs to cover: 0.443%
Break-even: 659.9 days

Slippage from Popdex: live order book, 19 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Popdex live order book, 19 min ago	2.42 bp	8.2 bp −$8	84.0 bp −$840	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	8.47 bp	13.8 bp −$14	30.8 bp −$308	doesn't fit	doesn't fit

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	4.1304	−0.111%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1323	−0.065%	$2.1M	$12.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1379	+0.070%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1331	−0.046%	$398K	$18.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1349	−0.001%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	+0.145%	$578	$302K	12x	as long as short
Popdex NEARUSDTlong	+0.0096%	1h	4.1350	long leg	$107K	$490K	50x
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1358	+0.019%	$53K	$157K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1375	+0.060%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1356	+0.014%	$2.9M	$5.9M	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	4.1389	+0.094%	$349K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1379	+0.070%	$235.8M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1360	+0.024%	$210.6M	$428.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1370	+0.048%	$56.3M	$275.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1150	−0.484%	$234K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1375	+0.060%	$29.4M	$58.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1380	+0.073%	$80.9M	$145.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1390	+0.097%	$55.9M	$44.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1373	+0.056%	$68.8M	$126.8M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1370	+0.048%	—	$136.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1203	−0.355%	$7.6M	$18.6M	—	as long as short
edgeX NEARUSDCshort	+0.0100%	4h	4.1204	−0.353%	$235K	$1.2M	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1290	−0.145%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1220	−0.314%	$181K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1332	−0.044%	$203K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1310	−0.097%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1330	−0.048%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1330	−0.048%	$3.8M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1365	+0.037%	$3.7M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1355	+0.012%	$200K	$61K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1390	+0.097%	$308K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0150%	1h	4.1369	+0.046%	$7.3M	$36.9M	50x	as long as short
01 Exchange NEARUSD	+0.0160%	1h	4.1376	+0.063%	$12K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1290	−0.145%	$12.2M	$33.6M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0258%	1h	4.1390	+0.097%	$1.8M	$2.1M	25x	as long as short
Lighter RH NEAR	+0.0264%	1h	4.1429	+0.191%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0360%	1h	4.1276	−0.178%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0324%	1h	4.1343	−0.018%	$276K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1376	+0.063%	$412K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1315	−0.085%	$1.7M	$2.8M	10x	as long as short
Lighter NEAR	+0.0720%	1h	4.1441	+0.219%	$15.3M	$23.1M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.0741%	1h	4.1388	+0.092%	$1.4M	$5.7M	20x	as long as short
Hyperliquid NEAR	+0.0851%	1h	4.1415	+0.157%	$348.1M	$299.2M	10x	as long as short
Aftermath Perps NEARUSD	+0.0940%	1h	4.1280	−0.170%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1065%	8h	4.1420	+0.169%	$445K	$3.7M	75x	as long as short