Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h 0.000%

Price spread now: BingX against 01 Exchange+0.209%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on BingX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. BingX is 0.209% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.209% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange NEARUSD	4.4078	0.0400	pay 0.0050% / 1h	26m 14s	$13K	$7K	10x
Short	BingX NEAR-USDC	4.4170	0.0100	get 0.0100% / 8h	6h 26m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against 01 Exchange. 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 01 ExchangebpFee BingXbpOrdersPrice spread, now +0.209%Rate

Funding earned: −$63
Price spread: +0.209% → 0.000%: $20.87
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$59.13
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; BingX: live order book, 6 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 01 Exchange no order-book sample	—	—	—	—	—
Sell BingX live order book, 6 min ago	1.14 bp	16.8 bp −$17	33.7 bp −$337	68.9 bp −$6,886	557.7 bp −$278.8K

01 Exchange: 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 44 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	4.3998	−0.181%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.4069	−0.020%	$2.2M	$13.9M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4003	−0.171%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4031	−0.107%	$620K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4003	−0.170%	$159K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.053%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0072%	8h	4.3998	−0.182%	$8.6M	$18.6M	—	as long as short
Phemex NEARUSDT	+0.0092%	8h	4.4080	+0.005%	$3.9M	$8.2M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4030	−0.109%	$112K	$481K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4021	−0.128%	$416K	$1.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.4157	+0.179%	$266.5M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4128	+0.113%	$223.9M	$418.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4120	+0.095%	$62.4M	$287.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4060	−0.041%	$209K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4050	−0.064%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3997	−0.184%	$31.7M	$61.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4120	+0.095%	$76.4M	$139.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4160	+0.186%	$56.4M	$42.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4161	+0.188%	$73.1M	$123.7M	75x	as long as short
BingX NEAR-USDCshort	+0.0100%	8h	4.4170	+0.209%	—	$6.6M	—
edgeX NEARUSDC	+0.0100%	4h	4.3854	−0.508%	$271K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3820	−0.585%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3860	−0.495%	$182K	$767K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4038	−0.091%	$218K	$3.5M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4091	+0.029%	$59K	$189K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4070	−0.018%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4080	+0.005%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4200	+0.277%	$459K	$3.9M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4000	−0.176%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4042	−0.081%	$3.8M	$18.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4107	+0.066%	$205K	$34K	3x	as long as short
Aster NEARUSDT	+0.0158%	8h	4.4067	−0.026%	$3.1M	$5.7M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0215%	1h	4.4094	+0.037%	$7.8M	$39.9M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0262%	1h	4.4001	−0.175%	$255K	—	100x	as long as short
01 Exchange NEARUSDlong	+0.0400%	1h	4.4078	long leg	$13K	$7K	10x
Nado NEAR-PERP	+0.0401%	1h	4.3974	−0.235%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.4056	−0.049%	$559K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4243	+0.374%	$1.8M	$2.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0726%	1h	4.4100	+0.050%	$1.9M	$4.2M	25x	as long as short
Lighter RH NEAR	+0.0816%	1h	4.4181	+0.234%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0855%	1h	4.4070	−0.018%	$372.3M	$307.6M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0914%	1h	4.4192	+0.259%	$1.4M	$6.0M	20x	as long as short
Aftermath Perps NEARUSD	+0.1508%	1h	4.3928	−0.341%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1656%	1h	4.4191	+0.256%	$17.7M	$25.0M	15x	as long as short