Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Bulk+0.151%7-day average +0.002% · 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−$30as in the Price arb table

costs, in and out, $10k−$450.446% of the position

Long on Bulk Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.422%−$42 · spread now +0.151%, 7d avg +0.002%

Together, before fees−0.419%−$42 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: Binance is 0.148% dearer against Bulk than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk NEAR-USD	4.2835	0.0100	pay 0.0013% / 1h	50m 09s	$244K	−$0	10x
Short	Binance NEARUSDT	4.2900	0.0100	get 0.0100% / 8h	2h 50m	$261.6M	$1.09B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bulk. 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 BulkbpFee BinancebpOrdersPrice spread, now +0.151%Rate

Funding earned: $0
Price spread: +0.151% → +0.002%: $14.84
Slippage, 4 orders: −$27.59
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$29.75
Costs to cover: 0.446%
Break-even: never at this rate

Slippage from Bulk: live order book, 64 min ago; Binance: live order book, 9 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 Bulk live order book, 64 min ago	11.45 bp	15.0 bp −$15	15.0 bp −$150	24.8 bp −$2,482	55.6 bp −$27.8K
Sell Binance live order book, 9 min ago	1.17 bp	8.2 bp −$8	12.3 bp −$123	25.6 bp −$2,564	90.7 bp −$45.4K

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	4.2873	+0.089%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2827	−0.019%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2859	+0.056%	$161K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.328%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2890	+0.128%	$111K	$500K	50x	as long as short
Binance NEARUSDTshort	+0.0100%	8h	4.2900	+0.151%	$261.6M	$1.09B	75x
Bybit NEARUSDT	+0.0100%	8h	4.2838	+0.006%	$212.6M	$424.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2860	+0.057%	$60.4M	$285.8M	50x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.2835	long leg	$244K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.2849	+0.032%	$32.0M	$59.5M	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	4.2900	+0.151%	$70.7M	$142.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2900	+0.151%	$53.1M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2862	+0.062%	$70.9M	$127.8M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2870	+0.081%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2828	−0.018%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2783	−0.121%	$250K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2800	−0.083%	$1.4M	$1.5M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2891	+0.130%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2980	+0.338%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2970	+0.314%	$461K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2880	+0.104%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.2858	+0.052%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2928	+0.217%	$200K	$37K	3x	as long as short
Polymarket Perps NEAR-USD	+0.0109%	1h	4.2909	+0.172%	$273K	$3.9M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2950	+0.268%	$13.4M	$31.7M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2945	+0.256%	$2.3M	$15.8M	50x	as long as short
Nado NEAR-PERP	+0.0264%	1h	4.2872	+0.086%	$1.7M	$3.2M	10x	as long as short
Kalshi KXNEARPERP	+0.0269%	8h	4.2873	+0.088%	$832K	$24.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0195%	1h	4.2854	+0.044%	$230K	—	100x	as long as short
Aster NEARUSDT	+0.0336%	8h	4.2901	+0.153%	$2.8M	$5.5M	50x	as long as short
ApeX Omni NEARUSDT	+0.0365%	1h	4.2740	−0.223%	$164K	$793K	50x	as long as short
Extended NEAR-USD	+0.0496%	1h	4.2859	+0.056%	$3.7M	$19.9M	25x	as long as short
SoDEX NEAR-USD	+0.0631%	1h	4.2865	+0.069%	$6K	$53K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0681%	1h	4.2896	+0.142%	$1.3M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0686%	1h	4.2916	+0.188%	$350.4M	$311.1M	10x	as long as short
01 Exchange NEARUSD	+0.0696%	1h	4.2968	+0.310%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0738%	1h	4.2874	+0.091%	$7.6M	$38.7M	50x	as long as short
Lighter NEAR	+0.0768%	1h	4.2918	+0.192%	$16.8M	$25.0M	15x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2940	+0.244%	$211K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2855	+0.045%	$393K	$1.3M	10x	as long as short
Lighter RH NEAR	+0.0944%	1h	4.2921	+0.200%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2873	+0.088%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1104%	1h	4.2904	+0.160%	$2.0M	$10.8M	25x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2921	+0.199%	$679K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1469%	1h	4.2879	+0.101%	$5K	$12K	10x	as long as short