Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h 0.000%

Price spread now: edgeX against Bulk+0.451%56s7-day average +0.008% · 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—prices read too far apart to compare

costs, in and out, $10k−$710.713% of the position

Long on Bulk Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.283%−$28 · spread now +0.451%, 7d avg +0.008%

Together, before fees−0.284%+ Points / potential airdropedgeX: Active · farm board−$28 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: edgeX is 0.443% dearer against Bulk than usual: you sell high and buy low, +$44 on $10k if it goes back to its 7-day average of +0.008%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk NEAR-USD	4.1299	0.0100	pay 0.0013% / 1h	4m 35s	$236K	$4K	10x
Short	edgeX NEARUSDC	4.1485	0.0100	get 0.0050% / 4h	4m 35s	$258K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.451%Rate

Funding earned: $0
Price spread: +0.451% → +0.008%: $44.31
Slippage, 4 orders: −$55.33
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$27.02
Costs to cover: 0.713%
Break-even: never at this rate

Slippage from Bulk: live order book, 28 min ago; edgeX: 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 Bulk live order book, 28 min ago	12.15 bp	15.7 bp −$16	15.7 bp −$157	15.7 bp −$1,565	21.8 bp −$10.9K
Sell edgeX live order book, 4 min ago	8.42 bp	13.1 bp −$13	34.3 bp −$343	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	4.1670	+0.899%	$2K	—	20x	as long as short
Extended NEAR-USD	−0.0096%	1h	4.1672	+0.905%	$3.6M	$14.3M	25x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1690	+0.948%	$105K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1660	+0.875%	$407K	$20.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1729	+1.043%	$203K	—	150x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0032%	1h	4.1637	+0.819%	$2.1M	$12.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1650	+0.851%	$107K	$490K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1703	+0.979%	$2.8M	$5.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1679	+0.920%	$240.8M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1640	+0.827%	$210.2M	$427.6M	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	4.1660	+0.875%	$57.7M	$287.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1710	+0.996%	$309K	$1.6M	10x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.1299	long leg	$236K	$4K	10x
Gate NEAR_USDT	+0.0100%	8h	4.1687	+0.941%	$29.5M	$57.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1690	+0.948%	$85.6M	$147.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1720	+1.020%	$57.8M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1687	+0.941%	$70.1M	$128.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1680	+0.924%	—	$135.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1555	+0.620%	$7.6M	$18.3M	—	as long as short
edgeX NEARUSDCshort	+0.0100%	4h	4.1485	+0.451%	$258K	$1.2M	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1552	+0.614%	$1.4M	$1.2M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1550	+0.609%	$114K	$756K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1712	+1.001%	$226K	$3.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1698	+0.967%	$52K	$163K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1770	+1.142%	$1K	$1.5M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1689	+0.945%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1710	+0.996%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1696	+0.961%	$30K	$2K	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1696	+0.963%	$202K	$66K	3x	as long as short
Injective NEAR/USDC PERP	+0.0120%	1h	4.1000	−0.723%	$572	$150K	12x	as long as short
01 Exchange NEARUSD	+0.0192%	1h	4.1709	+0.994%	$12K	$8K	10x	as long as short
Lighter RH NEAR	+0.0208%	1h	4.1746	+1.083%	$1.5M	$7.4M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1660	+0.875%	$12.7M	$33.2M	75x	as long as short
Kraken Futures PF_NEARUSD	+0.0240%	1h	4.1731	+1.047%	$7.5M	$33.9M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0301%	1h	4.1736	+1.059%	$1.9M	$2.0M	25x	as long as short
Pacifica NEAR	+0.0319%	1h	4.1704	+0.981%	$439K	$1.1M	10x	as long as short
Nado NEAR-PERP	+0.0338%	1h	4.1648	+0.847%	$1.9M	$3.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0315%	1h	4.1726	+1.036%	$274K	—	100x	as long as short
RISEx NEAR/USDC	+0.0378%	1h	4.1693	+0.955%	$396K	$1.2M	10x	as long as short
Lighter NEAR	+0.0504%	1h	4.1754	+1.103%	$15.5M	$22.8M	15x	as long as short
Phoenix NEAR	+0.0618%	1h	4.1654	+0.861%	$1.7M	$2.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0841%	1h	4.1750	+1.093%	$1.5M	$4.8M	20x	as long as short
Hyperliquid NEAR	+0.0998%	1h	4.1776	+1.156%	$356.6M	$305.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1001%	1h	4.1538	+0.579%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1274%	8h	4.1830	+1.287%	$455K	$4.0M	75x	as long as short