Funding arb · Price arb /

NEAR

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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 0.000%

Price spread now: Polymarket Perps against BingX+0.151%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$420.417% of the position

Long on BingX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 7 days−0.076%−$8 · spread now +0.151%, 7d avg +0.034%

Together, before fees−0.018%−$2 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: Polymarket Perps is 0.117% dearer against BingX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NEAR-USDC	4.3040	0.0100	pay 0.0100% / 8h	7h 02m	—	$6.6M	—
Short	Polymarket Perps NEAR-USD	4.3105	0.0100	get 0.0013% / 1h	2m 16s	$202K	$3.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.151%Rate

Funding earned: $0
Price spread: +0.151% → +0.034%: $11.7
Slippage, 4 orders: −$23.66
Fee BingX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$29.96
Costs to cover: 0.417%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Polymarket Perps: live order book, 2 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, 4 min ago	1.16 bp	12.9 bp −$13	23.3 bp −$233	60.0 bp −$6,002	350.1 bp −$175.1K
Sell Polymarket Perps live order book, 2 min ago	3.01 bp	7.6 bp −$8	24.5 bp −$245	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	4.3058	+0.042%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.3095	+0.127%	$7.9M	$38.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3074	+0.079%	$2.1M	$13.2M	50x	as long as short
Phemex NEARUSDT	−0.0043%	8h	4.3070	+0.070%	$3.8M	$8.4M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3270	+0.534%	$382K	$18.7M	2.2x	as long as short
dYdX NEAR-USD	+0.0004%	1h	4.3153	+0.263%	$112K	$64K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3050	+0.023%	$157K	—	150x	as long as short
Variational Omni NEAR	+0.0010%	8h	4.3057	+0.040%	$8.2M	$18.8M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.787%	$578	$302K	12x	as long as short
01 Exchange NEARUSD	+0.0048%	1h	4.3125	+0.197%	$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	4.3110	+0.163%	$115K	$474K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3087	+0.109%	$57K	$162K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3152	+0.261%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3190	+0.349%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3069	+0.068%	$257.0M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3070	+0.070%	$220.6M	$415.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3060	+0.046%	$61.0M	$275.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3120	+0.186%	$204K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3243	+0.471%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3055	+0.035%	$30.8M	$61.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3060	+0.046%	$74.7M	$142.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3100	+0.139%	$55.9M	$42.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3066	+0.060%	$71.3M	$122.3M	75x	as long as short
BingX NEAR-USDClong	+0.0100%	8h	4.3040	long leg	—	$6.6M	—
edgeX NEARUSDC	+0.0100%	4h	4.3270	+0.535%	$258K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3356	+0.734%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3140	+0.232%	$177K	$776K	50x	as long as short
Polymarket Perps NEAR-USDshort	+0.0100%	1h	4.3105	+0.151%	$202K	$3.4M	10x
SunX NEAR-USDT	+0.0100%	8h	4.3150	+0.256%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3065	+0.058%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3200	+0.372%	$455K	$3.6M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3107	+0.157%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3058	+0.042%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3059	+0.045%	$200K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3140	+0.232%	$13.2M	$27.6M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0238%	1h	4.3076	+0.084%	$1.9M	$3.9M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0308%	1h	4.3044	+0.009%	$275K	—	100x	as long as short
Nado NEAR-PERP	+0.0422%	1h	4.3090	+0.116%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3121	+0.188%	$407K	$1.2M	10x	as long as short
Hyperliquid NEAR	+0.0464%	1h	4.3132	+0.214%	$365.9M	$301.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0492%	1h	4.3160	+0.279%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3218	+0.414%	$1.8M	$2.7M	10x	as long as short
Lighter RH NEAR	+0.0504%	1h	4.3252	+0.493%	$1.6M	$7.0M	10x	as long as short
Aftermath Perps NEARUSD	+0.1498%	1h	4.3229	+0.440%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1776%	1h	4.3293	+0.587%	$17.3M	$24.8M	15x	as long as short