Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Popdex against Binance+0.023%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Binance Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.156%+$16 · spread now +0.023%, 7d avg +0.010%

Together, before fees+0.151%+$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.3000	0.0100	pay 0.0100% / 8h	2h 25m	$262.9M	$1.08B	75x
Short	Popdex NEARUSDT	4.3010	0.0096	get 0.0012% / 1h	25m 00s	$113K	$501K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Binance. 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 BinancebpFee PopdexbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$0.84
Price spread: +0.023% → +0.010%: $1.33
Slippage, 4 orders: −$12.04
Fee Binance: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$27.95
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Popdex: live order book, 24 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 Binance live order book, 4 min ago	1.16 bp	7.5 bp −$8	13.1 bp −$131	35.4 bp −$3,542	108.4 bp −$54.2K
Sell Popdex live order book, 24 min ago	2.33 bp	6.6 bp −$7	61.3 bp −$613	doesn't fit	doesn't fit

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	4.3011	+0.026%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2917	−0.194%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2998	−0.004%	$161K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.698%	$578	$301K	12x	as long as short
Popdex NEARUSDTshort	+0.0096%	1h	4.3010	+0.023%	$113K	$501K	50x
Binance NEARUSDTlong	+0.0100%	8h	4.3000	long leg	$262.9M	$1.08B	75x
Bybit NEARUSDT	+0.0100%	8h	4.2930	−0.163%	$214.1M	$420.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2950	−0.116%	$60.4M	$285.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2997	−0.006%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2938	−0.144%	$32.4M	$60.1M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.2990	−0.023%	$77.1M	$144.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3040	+0.093%	$51.7M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2934	−0.153%	$71.1M	$127.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2950	−0.116%	—	$143.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2778	−0.516%	$8.1M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2867	−0.309%	$258K	$954K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2900	−0.233%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3027	+0.063%	$262K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3054	+0.126%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3120	+0.279%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3100	+0.233%	$464K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3000	0.000%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3001	+0.003%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3055	+0.128%	$200K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3070	+0.163%	$13.3M	$31.7M	75x	as long as short
ApeX Omni NEARUSDT	+0.0226%	1h	4.2860	−0.326%	$165K	$794K	50x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.3036	+0.084%	$2.3M	$15.9M	50x	as long as short
Kalshi KXNEARPERP	+0.0275%	8h	4.2930	−0.163%	$879K	$24.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0311% / S −0.0198%	1h	4.2993	−0.017%	$232K	—	100x	as long as short
Aster NEARUSDT	+0.0332%	8h	4.2960	−0.093%	$2.8M	$5.3M	50x	as long as short
Nado NEAR-PERP	+0.0393%	1h	4.3012	+0.029%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0536%	1h	4.2998	−0.005%	$3.6M	$19.6M	25x	as long as short
SoDEX NEAR-USD	+0.0590%	1h	4.3015	+0.035%	$6K	$52K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0664%	1h	4.3005	+0.012%	$1.3M	$6.6M	20x	as long as short
Hyperliquid NEAR	+0.0680%	1h	4.2998	−0.005%	$351.4M	$310.7M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0735%	1h	4.3021	+0.048%	$7.4M	$38.8M	50x	as long as short
01 Exchange NEARUSD	+0.0752%	1h	4.3055	+0.128%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.3050	+0.116%	$216K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2973	−0.062%	$394K	$1.3M	10x	as long as short
Lighter NEAR	+0.0936%	1h	4.3077	+0.180%	$16.8M	$25.1M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2991	−0.021%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1136%	1h	4.3085	+0.198%	$1.4M	$7.4M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.3035	+0.082%	$687K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1377%	1h	4.2922	−0.182%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1472%	1h	4.3054	+0.126%	$1.9M	$11.0M	25x	as long as short