Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: MEXC against Bitget+0.076%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$230.226% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 7 days−0.019%−$2 · spread now +0.076%, 7d avg +0.033%

Together, before fees+0.006%+$1 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 0.043% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.4996	0.0100	pay 0.0100% / 8h	5h 03m	$74.9M	$127.6M	75x
Short	MEXC NEAR_USDT	4.5030	0.0100	get 0.0100% / 8h	5h 03m	$72.3M	$171.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now +0.076%Rate

Funding earned: $0
Price spread: +0.076% → +0.033%: $4.26
Slippage, 4 orders: −$10.63
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$18.37
Costs to cover: 0.226%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; MEXC: live order book, 4 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 Bitget live order book, 4 min ago	0.11 bp	9.9 bp −$10	13.6 bp −$136	30.1 bp −$3,015	doesn't fit
Sell MEXC live order book, 4 min ago	1.11 bp	1.5 bp −$2	4.0 bp −$40	16.4 bp −$1,639	61.9 bp −$31.0K

NEAR on 45 exchanges

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
Kraken Futures PF_NEARUSD	−0.0235%	1h	4.4970	−0.058%	$7.3M	$37.1M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4964	−0.071%	$2K	—	20x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5023	+0.060%	$932K	$26.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4955	−0.091%	$169K	—	150x	as long as short
dYdX NEAR-USD	+0.0022%	1h	4.4867	−0.287%	$110K	$53K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.970%	$578	$301K	12x	as long as short
01 Exchange NEARUSD	+0.0088%	1h	4.5010	+0.031%	$13K	$4K	10x	as long as short
Lighter NEAR	+0.0096%	1h	4.5022	+0.057%	$17.0M	$25.2M	15x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4990	−0.013%	$124K	$505K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5001	+0.011%	$2.7M	$4.8M	50x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.5006	+0.023%	$271.4M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4980	−0.036%	$231.1M	$430.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4950	−0.102%	$64.1M	$301.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4850	−0.324%	$276K	$24K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4989	−0.016%	$41.0M	$63.8M	75x	as long as short
MEXC NEAR_USDTshort	+0.0100%	8h	4.5030	+0.076%	$72.3M	$171.6M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.5010	+0.031%	$54.2M	$44.4M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.4996	long leg	$74.9M	$127.6M	75x
BingX NEAR-USDC	+0.0100%	8h	4.5010	+0.031%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4853	−0.318%	$8.8M	$16.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4923	−0.163%	$266K	$864K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4999	+0.007%	$1.5M	$1.8M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4880	−0.258%	$168K	$808K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5007	+0.024%	$192K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5017	+0.047%	$56K	$273K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5100	+0.231%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4990	−0.013%	$5K	$34K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5100	+0.231%	$472K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4990	−0.013%	$3.4M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4926	−0.156%	$32K	$389	10x	as long as short
Hyperliquid NEAR	+0.0103%	1h	4.5036	+0.089%	$361.9M	$312.2M	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4995	−0.002%	$3.7M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5005	+0.020%	$209K	$38K	3x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0191% / S −0.0033%	1h	4.4849	−0.328%	$241K	—	100x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5070	+0.164%	$12.7M	$32.7M	75x	as long as short
Lighter RH NEAR	+0.0248%	1h	4.5038	+0.093%	$1.6M	$6.1M	10x	as long as short
Nado NEAR-PERP	+0.0267%	1h	4.5000	+0.009%	$1.8M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0343%	1h	4.5040	+0.098%	$227K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.0489%	1h	4.5066	+0.155%	$651K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0504%	1h	4.5020	+0.053%	$2.3M	$17.6M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0559%	1h	4.5139	+0.318%	$1.1M	$7.2M	20x	as long as short
Phoenix NEAR	+0.0741%	1h	4.5161	+0.367%	$1.7M	$2.7M	10x	as long as short
Pacifica NEAR	+0.0851%	1h	4.4975	−0.047%	$424K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.0897%	1h	4.4916	−0.179%	$6K	$6K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1105%	1h	4.5063	+0.149%	$1.9M	$13.0M	25x	as long as short