Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: MEXC against Variational Omni−0.048%7-day average −0.014% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 7 days+0.085%+$8 · spread now −0.048%, 7d avg −0.014%

Together, before fees+0.089%+ Points / potential airdropVariational Omni: Active · farm board+$9 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: MEXC is 0.033% cheaper against Variational Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NEAR	4.1650	0.0100	pay 0.0100% / 8h	1h 28m	$7.7M	$18.4M	—
Short	MEXC NEAR_USDT	4.1630	0.0100	get 0.0100% / 8h	1h 28m	$81.8M	$141.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Variational Omni. 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 Variational OmnibpFee MEXCbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.014%: −$3.32
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: −$3.32
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; MEXC: live order book, 5 min ago. Net counts fees only.

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 Variational Omni RFQ quote, just now	3.92 bp	doesn't fit	12.1 bp −$121	30.5 bp −$3,049	doesn't fit
Sell MEXC live order book, 5 min ago	1.20 bp	1.2 bp −$1	3.1 bp −$31	69.8 bp −$6,984	104.7 bp −$52.4K

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	4.1631	−0.045%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1657	+0.017%	$2.1M	$12.6M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.576%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1629	−0.050%	$108K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1669	+0.046%	$429K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1662	+0.031%	$206K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0049%	1h	4.1682	+0.077%	$7.6M	$36.8M	50x	as long as short
Lighter RH NEAR	+0.0096%	1h	4.1684	+0.082%	$1.5M	$7.0M	10x	as long as short
01 Exchange NEARUSD	+0.0096%	1h	4.1707	+0.137%	$12K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1680	+0.073%	$111K	$482K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1653	+0.008%	$53K	$158K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1676	+0.064%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1675	+0.061%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1696	+0.112%	$360K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1640	−0.024%	$238.5M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1676	+0.063%	$212.6M	$423.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1610	−0.096%	$57.4M	$275.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1680	+0.073%	$240K	$1.7M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1638	−0.028%	$29.8M	$57.4M	75x	as long as short
MEXC NEAR_USDTshort	+0.0100%	8h	4.1630	−0.048%	$81.8M	$141.8M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.1660	+0.025%	$54.9M	$44.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1618	−0.076%	$68.9M	$125.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1630	−0.048%	—	$6.6M	—	as long as short
Variational Omni NEARlong	+0.0100%	8h	4.1650	long leg	$7.7M	$18.4M	—
edgeX NEARUSDC	+0.0100%	4h	4.1758	+0.260%	$238K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1588	−0.148%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1730	+0.193%	$174K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1689	+0.094%	$204K	$3.2M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1730	+0.193%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1650	0.000%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1660	+0.025%	$3.8M	$8.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1600	−0.120%	$237K	$2K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1609	−0.097%	$3.8M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1648	−0.004%	$201K	$62K	3x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0182%	1h	4.1684	+0.082%	$1.8M	$2.2M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1650	0.000%	$12.3M	$31.6M	75x	as long as short
Hyperliquid NEAR	+0.0342%	1h	4.1697	+0.113%	$352.1M	$298.9M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1701	+0.123%	$410K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0381% / S −0.0328%	1h	4.1656	+0.015%	$281K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0433%	1h	4.1698	+0.116%	$1.2M	$5.7M	20x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1800	+0.361%	$1.7M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0545%	1h	4.1660	+0.025%	$1.8M	$3.5M	10x	as long as short
Lighter NEAR	+0.0552%	1h	4.1725	+0.180%	$15.9M	$23.3M	15x	as long as short
Aftermath Perps NEARUSD	+0.0859%	1h	4.1720	+0.168%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.0972%	8h	4.1770	+0.289%	$447K	$3.6M	75x	as long as short