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: MEXC against Bulk−0.017%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Bulk Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.222%−$22 · spread now −0.017%, 7d avg −0.010%

Together, before fees−0.220%−$22 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk NEAR-USD	4.2997	0.0100	pay 0.0013% / 1h	25m 09s	$245K	−$0	10x
Short	MEXC NEAR_USDT	4.2990	0.0100	get 0.0100% / 8h	2h 25m	$77.1M	$144.5M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → −0.010%: −$0.72
Slippage, 4 orders: −$27.72
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$35.44
Costs to cover: 0.347%
Break-even: never at this rate

Slippage from Bulk: live order book, 24 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 Bulk live order book, 24 min ago	11.67 bp	15.2 bp −$15	15.2 bp −$152	26.9 bp −$2,694	41.3 bp −$20.6K
Sell MEXC live order book, 4 min ago	1.16 bp	3.2 bp −$3	5.6 bp −$56	28.4 bp −$2,836	75.3 bp −$37.7K

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	4.3011	+0.032%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2917	−0.188%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2998	+0.002%	$161K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.692%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3010	+0.029%	$113K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3000	+0.006%	$262.9M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2930	−0.157%	$214.1M	$420.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2950	−0.110%	$60.4M	$285.1M	50x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.2997	long leg	$245K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.2938	−0.138%	$32.4M	$60.1M	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_USDTshort	+0.0100%	8h	4.2990	−0.017%	$77.1M	$144.5M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.3040	+0.099%	$51.7M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2934	−0.148%	$71.1M	$127.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2950	−0.110%	—	$143.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2778	−0.511%	$8.1M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2867	−0.303%	$258K	$954K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2900	−0.227%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3027	+0.069%	$262K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3054	+0.131%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3120	+0.285%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3100	+0.238%	$464K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3000	+0.006%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3001	+0.009%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3055	+0.134%	$200K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3070	+0.169%	$13.3M	$31.7M	75x	as long as short
ApeX Omni NEARUSDT	+0.0226%	1h	4.2860	−0.320%	$165K	$794K	50x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.3036	+0.090%	$2.3M	$15.9M	50x	as long as short
Kalshi KXNEARPERP	+0.0275%	8h	4.2930	−0.157%	$879K	$24.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0311% / S −0.0198%	1h	4.2993	−0.011%	$232K	—	100x	as long as short
Aster NEARUSDT	+0.0332%	8h	4.2960	−0.087%	$2.8M	$5.3M	50x	as long as short
Nado NEAR-PERP	+0.0393%	1h	4.3012	+0.035%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0536%	1h	4.2998	+0.001%	$3.6M	$19.6M	25x	as long as short
SoDEX NEAR-USD	+0.0590%	1h	4.3015	+0.041%	$6K	$52K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0664%	1h	4.3005	+0.018%	$1.3M	$6.6M	20x	as long as short
Hyperliquid NEAR	+0.0680%	1h	4.2998	+0.001%	$351.4M	$310.7M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0735%	1h	4.3021	+0.054%	$7.4M	$38.8M	50x	as long as short
01 Exchange NEARUSD	+0.0752%	1h	4.3055	+0.134%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.3050	+0.122%	$216K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2973	−0.056%	$394K	$1.3M	10x	as long as short
Lighter NEAR	+0.0936%	1h	4.3077	+0.186%	$16.8M	$25.1M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2991	−0.015%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1136%	1h	4.3085	+0.204%	$1.4M	$7.4M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.3035	+0.088%	$687K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1377%	1h	4.2922	−0.176%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1472%	1h	4.3054	+0.131%	$1.9M	$11.0M	25x	as long as short