Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.036%

Price spread now: edgeX against BloFin+0.462%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

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

costs, in and out, $10k−$530.532% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.195%−$19 on $10k

Price spread, last 4 days (all we have)−0.357%−$36 · spread now +0.462%, 7d avg −0.005%

Together, before fees−0.552%+ Points / potential airdropedgeX: Active · farm board−$55 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.466% dearer against BloFin than usual: you sell high and buy low (spread +0.462% now, against its 7-day average of −0.005%): +$47 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NEAR-USDT	4.3880	0.0220	pay 0.0220% / 8h	4h 05m	$13.8M	$32.5M	75x
Short	edgeX NEARUSDC	4.4083	0.0100	get 0.0050% / 4h	5m 44s	$264K	$962K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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 BloFinbpFee edgeXbpOrdersPrice spread, now +0.462%Rate

Funding earned: −$25.2
Price spread: +0.462% → −0.005%: $46.65
Slippage, 4 orders: −$32.23
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$31.79
Costs to cover: 0.532%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; edgeX: live order book, 43 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 BloFin live order book, 3 min ago	1.14 bp	11.8 bp −$12	16.7 bp −$167	37.3 bp −$3,731	97.3 bp −$48.7K
Sell edgeX live order book, 43 min ago	10.08 bp	15.2 bp −$15	35.7 bp −$357	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	4.3771	−0.248%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.3886	+0.014%	$2.2M	$15.6M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3850	−0.068%	$615K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3788	−0.209%	$164K	—	150x	as long as short
dYdX NEAR-USD	+0.0008%	1h	4.3815	−0.148%	$108K	$69K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.629%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3840	−0.091%	$113K	$514K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3889	+0.020%	$417K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3870	−0.023%	$270.6M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3890	+0.023%	$220.9M	$423.8M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3870	−0.023%	$62.5M	$295.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4054	+0.397%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3767	−0.258%	$31.9M	$64.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3800	−0.182%	$75.2M	$150.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3810	−0.160%	$54.5M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3822	−0.132%	$72.0M	$130.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3770	−0.251%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3767	−0.257%	$8.5M	$18.0M	—	as long as short
edgeX NEARUSDCshort	+0.0100%	4h	4.4083	+0.462%	$264K	$962K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4010	+0.297%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4090	+0.479%	$170K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3834	−0.105%	$243K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3801	−0.180%	$60K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3920	+0.091%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3960	+0.182%	$455K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3890	+0.023%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3826	−0.123%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3840	−0.092%	$204K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0192%	1h	4.3810	−0.160%	$8K	$52K	10x	as long as short
BloFin NEAR-USDTlong	+0.0220%	8h	4.3880	long leg	$13.8M	$32.5M	75x
Aster NEARUSDT	+0.0305%	8h	4.3812	−0.156%	$2.9M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0190%	1h	4.3789	−0.207%	$232K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0341%	1h	4.3825	−0.125%	$1.3M	$6.3M	20x	as long as short
01 Exchange NEARUSD	+0.0352%	1h	4.3893	+0.030%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0390%	1h	4.3884	+0.009%	$361.7M	$320.1M	10x	as long as short
Extended NEAR-USD	+0.0496%	1h	4.3761	−0.271%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0569%	1h	4.3807	−0.166%	$1.9M	$3.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0572%	1h	4.3833	−0.107%	$2.0M	$7.3M	25x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.3900	+0.046%	$217K	$1.7M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0593%	1h	4.3831	−0.111%	$7.9M	$39.8M	50x	as long as short
Lighter RH NEAR	+0.0688%	1h	4.3905	+0.057%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4000	+0.273%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.3877	−0.007%	$589K	$1.4M	10x	as long as short
Lighter NEAR	+0.1024%	1h	4.3923	+0.098%	$17.7M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1616%	1h	4.3952	+0.165%	$5K	$12K	10x	as long as short