Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.143%

Price spread now: Binance against Arcus−0.415%46s7-day average −0.026% · 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−$260.265% of the position

Long on Arcus Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.311%−$31 on $10k

Price spread, last 7 days+0.456%+$46 · spread now −0.415%, 7d avg −0.026%

Together, before fees+0.145%+$14 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: Binance is 0.389% cheaper against Arcus than usual: you would sell low and buy high, −$39 on $10k if it goes back to its 7-day average of −0.026%. The two prices were read 46 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	Arcus NEAR-USD	4.3110	0.0100	pay 0.0013% / 1h	0m 50s	$204K	$1.7M	10x
Short	Binance NEARUSDT	4.2931	0.0100	get 0.0100% / 8h	7h 00m	$256.3M	$1.05B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Arcus. 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 ArcusbpFee BinancebpOrdersPrice spread, now −0.415%Rate

Funding earned: $0
Price spread: −0.415% → −0.026%: −$38.91
Slippage, 4 orders: −$11.96
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$65.36
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from Arcus: live order book, 3 min ago; Binance: live order book, 13 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 Arcus live order book, 3 min ago	2.31 bp	4.9 bp −$5	12.3 bp −$123	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.15 bp	7.6 bp −$8	12.9 bp −$129	38.2 bp −$3,816	118.3 bp −$59.1K

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	4.2973	−0.318%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.2897	−0.494%	$7.9M	$38.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2854	−0.594%	$2.1M	$13.1M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2977	−0.309%	$379K	$18.8M	2.2x	as long as short
dYdX NEAR-USD	+0.0004%	1h	4.3117	+0.017%	$112K	$64K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2982	−0.297%	$157K	—	150x	as long as short
Variational Omni NEAR	+0.0016%	8h	4.2957	−0.354%	$8.2M	$18.8M	—	as long as short
Phemex NEARUSDT	+0.0018%	8h	4.2910	−0.464%	$3.8M	$8.4M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.943%	$578	$302K	12x	as long as short
01 Exchange NEARUSD	+0.0056%	1h	4.3120	+0.023%	$13K	$7K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3070	−0.093%	$115K	$473K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2978	−0.306%	$57K	$162K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2970	−0.325%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3108	−0.005%	$401K	$1.2M	10x	as long as short
Binance NEARUSDTshort	+0.0100%	8h	4.2931	−0.415%	$256.3M	$1.05B	75x
Bybit NEARUSDT	+0.0100%	8h	4.2925	−0.429%	$219.7M	$416.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2940	−0.394%	$60.6M	$275.6M	50x	as long as short
Arcus NEAR-USDlong	+0.0100%	1h	4.3110	long leg	$204K	$1.7M	10x
Bulk NEAR-USD	+0.0100%	1h	4.3243	+0.308%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2914	−0.455%	$30.7M	$61.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2900	−0.487%	$73.3M	$142.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2900	−0.487%	$55.5M	$42.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2882	−0.529%	$71.0M	$122.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2910	−0.464%	—	$141.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3202	+0.213%	$257K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3356	+0.570%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3200	+0.209%	$177K	$777K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3074	−0.084%	$203K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2980	−0.302%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2900	−0.487%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2980	−0.302%	$453K	$3.6M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3080	−0.069%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2886	−0.520%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2952	−0.366%	$200K	$31K	3x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0216%	1h	4.2981	−0.299%	$1.9M	$3.9M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2890	−0.510%	$13.1M	$27.5M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0308%	1h	4.2968	−0.329%	$275K	—	100x	as long as short
Nado NEAR-PERP	+0.0426%	1h	4.3034	−0.175%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3122	+0.028%	$410K	$1.2M	10x	as long as short
Hyperliquid NEAR	+0.0466%	1h	4.2988	−0.283%	$364.3M	$302.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0494%	1h	4.2955	−0.360%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3191	+0.188%	$1.8M	$2.7M	10x	as long as short
Lighter RH NEAR	+0.0520%	1h	4.2984	−0.292%	$1.6M	$7.0M	10x	as long as short
Aftermath Perps NEARUSD	+0.1478%	1h	4.3199	+0.207%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1776%	1h	4.2994	−0.270%	$17.2M	$24.8M	15x	as long as short