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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0206%/8h= −22.6% APRpaid last 24h −0.009%
Price spread now: edgeX against SoDEX−0.850%45s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropedgeX: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and edgeX is 0.850% cheaper against SoDEX than usual: you would sell low and buy high (−$85 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX NEAR-USD4.48850.0306pay 0.0038% / 1h49m 35s$5K$52K10x
ShortedgeX NEARUSDC4.45030.0100get 0.0050% / 4h1h 49m$260K$964K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against SoDEX. 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
−$43.31
Price spread: −0.850% → 0.000%
−$85.05
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$145.36
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; edgeX: live order book, 49 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell edgeX live order book, 49 min ago6.99 bp11.9 bp −$1226.2 bp −$262doesn't fitdoesn't fit
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h4.4850−0.078%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4847−0.084%$110K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4838−0.105%$169K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.742%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4870−0.033%$110K$494K50xas long as short
Bybit NEARUSDT+0.0100%8h4.4865−0.045%$230.1M$426.8M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4840−0.100%$63.0M$299.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4366−1.156%$253K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4820−0.145%$34.9M$59.9M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4930+0.100%$53.9M$45.8M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.4811−0.165%$74.1M$126.1M75xas long as short
Variational Omni NEAR+0.0100%8h4.4568−0.707%$8.9M$18.4Mas long as short
edgeX NEARUSDCshort+0.0100%4h4.4503−0.850%$260K$964K20x
Polymarket Perps NEAR-USD+0.0100%1h4.4883−0.004%$281K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4878−0.016%$59K$233K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4920+0.078%$1K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.4870−0.033%$469K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4890+0.011%$3.7M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0105%8h4.4879−0.013%$32K$58510xas long as short
Aevo NEAR-PERP+0.0120%1h4.4870−0.033%$209K$40K3xas long as short
GRVT NEAR_USDT_Perp+0.0122%8h4.4641−0.543%$1.5M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0132%1h4.4470−0.925%$168K$803K50xas long as short
BingX NEAR-USDC+0.0165%8h4.4840−0.100%$6.7Mas long as short
MEXC NEAR_USDT+0.0169%8h4.4870−0.033%$85.5M$144.5M200xas long as short
Binance NEARUSDT+0.0176%8h4.4890+0.011%$272.5M$1.09B75xas long as short
BloFin NEAR-USDT+0.0290%8h4.4590−0.657%$13.6M$32.9M75xas long as short
Kalshi KXNEARPERP+0.0302%8h4.4806−0.176%$1.1M$24.9M2.2xas long as short
SoDEX NEAR-USDlong+0.0306%1h4.4885long leg$5K$52K10x
GMX NEAR/USD [ETH-USDC]L +0.0316% / S −0.0201%1h4.4837−0.107%$239K100xas long as short
Aster NEARUSDT+0.0342%8h4.4870−0.033%$2.9M$5.0M50xas long as short
Extended NEAR-USD+0.0376%1h4.4821−0.142%$3.7M$19.0M25xas long as short
Coinbase International NEAR-PERP-INTX+0.0424%1h4.4949+0.143%$2.3M$16.6M50xas long as short
Nado NEAR-PERP+0.0533%1h4.4465−0.936%$1.7M$3.2M10xas long as short
01 Exchange NEARUSD+0.0536%1h4.4932+0.105%$13K$7K10xas long as short
Backpack NEAR_USDC_PERP+0.0610%1h4.4923+0.085%$1.3M$6.5M20xas long as short
Kraken Futures PF_NEARUSD+0.0650%1h4.4880−0.010%$7.4M$38.7M50xas long as short
Hyperliquid NEAR+0.0747%1h4.4945+0.134%$370.0M$307.5M10xas long as short
Arcus NEAR-USD+0.0880%1h4.4730−0.345%$227K$1.6M10xas long as short
Lighter NEAR+0.0944%1h4.4917+0.072%$17.6M$24.6M15xas long as short
Phoenix NEAR+0.1003%1h4.4489−0.882%$1.8M$2.5M10xas long as short
Lighter RH NEAR+0.1056%1h4.4912+0.060%$1.5M$6.6M10xas long as short
Pacifica NEAR+0.1187%1h4.4893+0.017%$414K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1191%1h4.4447−0.975%$6K$12K10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1222%1h4.4898+0.029%$2.0M$12.2M25xas long as short
RISEx NEAR/USDC+0.1259%1h4.4875−0.021%$684K$1.4M10xas long as short