Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h +0.001%

Price spread now: Aevo against BingX+0.172%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1431.433% of the position

Long on BingX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

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. Aevo is 0.172% dearer against BingX than usual: you sell high and buy low (spread +0.172% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 32 days. Mind the row above: over the last 7 days funding on this pair paid +0.086%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NEAR-USDT	4.4050	0.0130	pay 0.0130% / 8h	2h 07m	—	$143.5M	—
Short	Aevo NEAR-PERP	4.4126	0.0112	get 0.0014% / 1h	7m 01s	$205K	$40K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BingX. 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 BingXbpFee AevobpOrdersPrice spread, now +0.172%Rate

Funding earned: −$3.78
Price spread: +0.172% → 0.000%: $17.16
Slippage, 4 orders: −$117.34
Fee BingX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$129.96
Costs to cover: 1.433%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; Aevo: live order book, 42 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 BingX live order book, 2 min ago	1.14 bp	6.2 bp −$6	9.6 bp −$96	18.0 bp −$1,799	44.6 bp −$22.3K
Sell Aevo live order book, 42 min ago	9.34 bp	62.3 bp −$62	doesn't fit	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	4.4066	+0.035%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3837	−0.484%	$108K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4059	+0.019%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.993%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4030	−0.045%	$116K	$497K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4120	+0.159%	$221.5M	$422.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4110	+0.136%	$62.3M	$293.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3500	−1.249%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4052	+0.005%	$33.5M	$61.1M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4070	+0.045%	$53.2M	$45.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4023	−0.061%	$72.5M	$126.7M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3607	−1.005%	$8.8M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3652	−0.904%	$255K	$963K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4067	+0.039%	$282K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4111	+0.138%	$58K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4160	+0.250%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4200	+0.341%	$476K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4050	0.000%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3876	−0.394%	$32K	$608	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0102%	8h	4.3673	−0.855%	$1.4M	$1.5M	10x	as long as short
Aevo NEAR-PERPshort	+0.0112%	1h	4.4126	+0.172%	$205K	$40K	3x
BingX NEAR-USDTlong	+0.0130%	8h	4.4050	long leg	—	$143.5M	—
Binance NEARUSDT	+0.0133%	8h	4.4150	+0.227%	$268.3M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0133%	8h	4.4080	+0.068%	$83.7M	$146.4M	200x	as long as short
BloFin NEAR-USDT	+0.0253%	8h	4.4130	+0.182%	$13.3M	$32.6M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.4085	+0.079%	$2.3M	$16.3M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0313% / S −0.0201%	1h	4.4052	+0.005%	$236K	—	100x	as long as short
Kalshi KXNEARPERP	+0.0317%	8h	4.3987	−0.143%	$1.0M	$24.7M	2.2x	as long as short
Aster NEARUSDT	+0.0338%	8h	4.4030	−0.045%	$2.8M	$5.2M	50x	as long as short
Nado NEAR-PERP	+0.0391%	1h	4.4073	+0.051%	$1.7M	$3.2M	10x	as long as short
ApeX Omni NEARUSDT	+0.0417%	1h	4.3640	−0.931%	$167K	$796K	50x	as long as short
Extended NEAR-USD	+0.0472%	1h	4.4052	+0.006%	$3.7M	$19.3M	25x	as long as short
SoDEX NEAR-USD	+0.0516%	1h	4.4065	+0.034%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0675%	1h	4.4078	+0.064%	$362.5M	$310.9M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0693%	1h	4.4096	+0.104%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0712%	1h	4.4076	+0.059%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0718%	1h	4.4070	+0.046%	$7.4M	$39.0M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.4070	+0.045%	$228K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.3888	−0.368%	$402K	$1.4M	10x	as long as short
Lighter NEAR	+0.0912%	1h	4.4138	+0.200%	$17.3M	$25.3M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.3931	−0.270%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1104%	1h	4.4122	+0.163%	$1.5M	$7.4M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.4061	+0.024%	$686K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1280%	1h	4.3673	−0.857%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1316%	1h	4.4141	+0.207%	$2.0M	$12.0M	25x	as long as short