Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%

Price spread now: Aevo against edgeX−0.105%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$750.746% of the position

Long on edgeX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.377%+$38 · spread now −0.105%, 7d avg +0.012%

Together, before fees+0.377%+ Points / potential airdropedgeX: Active · farm board+$38 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: Aevo is 0.117% cheaper against edgeX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.4635	0.0100	pay 0.0050% / 4h	3h 16m	$259K	$895K	20x
Short	Aevo NEAR-PERP	4.4588	0.0104	get 0.0013% / 1h	16m 49s	$207K	$38K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against edgeX. 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 edgeXbpFee AevobpOrdersPrice spread, now −0.105%Rate

Funding earned: $0.84
Price spread: −0.105% → +0.012%: −$11.74
Slippage, 4 orders: −$49.56
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$85.46
Costs to cover: 0.746%
Break-even: 719.2 days

Slippage from edgeX: live order book, 7 min ago; Aevo: live order book, 17 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 edgeX live order book, 7 min ago	6.78 bp	11.9 bp −$12	30.2 bp −$302	doesn't fit	doesn't fit
Sell Aevo live order book, 17 min ago	10.34 bp	26.2 bp −$26	doesn't fit	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
Kraken Futures PF_NEARUSD	−0.0424%	1h	4.4584	−0.113%	$7.3M	$38.5M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4603	−0.070%	$2K	—	20x	as long as short
Phemex NEARUSDT	−0.0028%	8h	4.4600	−0.078%	$3.6M	$7.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4556	−0.176%	$109K	$65K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4620	−0.034%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.225%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4600	−0.078%	$113K	$504K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4791	+0.351%	$2.8M	$4.6M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4805	+0.382%	$270.6M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4768	+0.299%	$227.2M	$426.7M	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	4.4760	+0.281%	$63.0M	$301.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4640	+0.012%	$226K	$1.4M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4790	+0.348%	$37.9M	$62.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4790	+0.348%	$87.9M	$161.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4760	+0.281%	$53.4M	$45.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4752	+0.263%	$73.8M	$127.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4780	+0.326%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4199	−0.977%	$9.2M	$18.1M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.4635	long leg	$259K	$895K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4607	−0.061%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4220	−0.929%	$166K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4590	−0.100%	$278K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4617	−0.040%	$57K	$238K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4670	+0.079%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4595	−0.089%	$5K	$49K	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4787	+0.342%	$258K	$3K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4553	−0.184%	$32K	$413	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4764	+0.289%	$3.7M	$15.2M	25x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.4588	−0.105%	$207K	$38K	3x
Kalshi KXNEARPERP	+0.0136%	8h	4.4577	−0.129%	$887K	$25.3M	2.2x	as long as short
Nado NEAR-PERP	+0.0210%	1h	4.4565	−0.156%	$1.7M	$3.2M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4650	+0.034%	$12.7M	$32.9M	75x	as long as short
Hyperliquid NEAR	+0.0328%	1h	4.4697	+0.140%	$363.8M	$317.3M	10x	as long as short
01 Exchange NEARUSD	+0.0336%	1h	4.4614	−0.046%	$13K	$6K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0358% / S −0.0260%	1h	4.4610	−0.054%	$262K	—	100x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.4660	+0.057%	$2.3M	$17.5M	50x	as long as short
Lighter NEAR	+0.0488%	1h	4.4646	+0.025%	$17.6M	$24.0M	15x	as long as short
Lighter RH NEAR	+0.0488%	1h	4.4659	+0.055%	$1.5M	$6.5M	10x	as long as short
HTX NEAR-USDT	+0.0501%	8h	4.4740	+0.236%	$472K	$3.7M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0574%	1h	4.4687	+0.117%	$1.1M	$7.1M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.4606	−0.064%	$604K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.4594	−0.091%	$420K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.4814	+0.402%	$1.8M	$2.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0850%	1h	4.4606	−0.064%	$1.9M	$13.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1079%	1h	4.4408	−0.509%	$6K	$7K	10x	as long as short