Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against Aevo−0.070%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$650.647% of the position

Long on Aevo Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 3 days (all we have)−0.135%−$14 · spread now −0.070%, 7d avg −0.020%

Together, before fees−0.175%−$17 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 0.050% cheaper against Aevo than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.2650	0.0104	pay 0.0013% / 1h	36m 32s	$205K	$62K	3x
Short	MEXC NEAR_USDT	4.2620	0.0100	get 0.0100% / 8h	36m 32s	$78.0M	$141.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Aevo. 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 AevobpFee MEXCbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$0.84
Price spread: −0.070% → −0.020%: −$5
Slippage, 4 orders: −$48.72
Fee Aevo: 8 bp × 2 orders: −$16
Fee MEXC: 0 bp × 2 orders: $0
Net: −$70.56
Costs to cover: 0.647%
Break-even: never at this rate

Slippage from Aevo: live order book, 42 min ago; MEXC: live order book, 3 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 Aevo live order book, 42 min ago	21.34 bp	32.5 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.17 bp	1.2 bp −$1	2.8 bp −$28	17.9 bp −$1,787	59.5 bp −$29.7K

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	4.2608	−0.098%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2655	+0.012%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2615	−0.081%	$110K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2690	+0.094%	$420K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2673	+0.053%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.907%	$578	$302K	12x	as long as short
Bybit NEARUSDT	+0.0078%	8h	4.2598	−0.122%	$218.2M	$421.9M	75x	as long as short
Variational Omni NEAR	+0.0087%	8h	4.2660	+0.023%	$7.8M	$18.2M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2630	−0.047%	$109K	$495K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2618	−0.075%	$31K	$647	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.2662	+0.029%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2656	+0.014%	$401K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2620	−0.070%	$252.8M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2620	−0.070%	$60.7M	$284.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2630	−0.047%	$201K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2674	+0.056%	$243K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2633	−0.040%	$30.0M	$59.1M	75x	as long as short
MEXC NEAR_USDTshort	+0.0100%	8h	4.2620	−0.070%	$78.0M	$141.2M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.2690	+0.094%	$55.8M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2614	−0.084%	$70.8M	$126.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2640	−0.023%	—	$138.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2730	+0.187%	$244K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2670	+0.047%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2750	+0.234%	$179K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2645	−0.012%	$198K	$3.4M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2666	+0.038%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2690	+0.094%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2651	+0.002%	$13K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2690	+0.094%	$3.9M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2628	−0.052%	$4.0M	$15.9M	25x	as long as short
Aevo NEAR-PERPlong	+0.0104%	1h	4.2650	long leg	$205K	$62K	3x
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2694	+0.102%	$7.6M	$37.2M	50x	as long as short
01 Exchange NEARUSD	+0.0128%	1h	4.2638	−0.028%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2610	−0.094%	$12.9M	$30.1M	75x	as long as short
Lighter RH NEAR	+0.0368%	1h	4.2723	+0.171%	$1.5M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0314%	1h	4.2672	+0.051%	$273K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2658	+0.018%	$415K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0452%	1h	4.2724	+0.174%	$1.4M	$5.6M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0453%	1h	4.2699	+0.115%	$1.9M	$2.3M	25x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2717	+0.157%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0768%	1h	4.2619	−0.072%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0847%	8h	4.2780	+0.305%	$458K	$3.7M	75x	as long as short
Hyperliquid NEAR	+0.0924%	1h	4.2717	+0.157%	$366.9M	$298.2M	10x	as long as short
Aftermath Perps NEARUSD	+0.1182%	1h	4.2738	+0.207%	$5K	$11K	10x	as long as short
Lighter NEAR	+0.1720%	1h	4.2773	+0.288%	$16.4M	$23.7M	15x	as long as short