Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against edgeX+0.044%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$430.434% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 7 days+0.032%+$3 · spread now +0.044%, 7d avg +0.018%

Together, before fees−0.008%+ Points / potential airdropedgeX: Active · farm board−$1 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 0.027% dearer against edgeX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.4398	0.0100	pay 0.0050% / 4h	1h 27m	$266K	$984K	20x
Short	Binance NEARUSDT	4.4417	0.0100	get 0.0100% / 8h	5h 27m	$269.6M	$1.08B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → +0.018%: $2.66
Slippage, 4 orders: −$24.38
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$40.72
Costs to cover: 0.434%
Break-even: never at this rate

Slippage from edgeX: live order book, 17 min ago; Binance: live order book, 2 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, 17 min ago	7.95 bp	13.1 bp −$13	33.0 bp −$330	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.13 bp	7.5 bp −$8	12.6 bp −$126	34.2 bp −$3,425	128.2 bp −$64.1K

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	4.4264	−0.301%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4300	−0.220%	$2.2M	$14.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4381	−0.038%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4367	−0.069%	$572K	$20.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4307	−0.203%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.729%	$578	$302K	12x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0088%	1h	4.4364	−0.076%	$1.9M	$4.4M	25x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4350	−0.107%	$116K	$490K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4353	−0.101%	$419K	$1.2M	10x	as long as short
Binance NEARUSDTshort	+0.0100%	8h	4.4417	+0.044%	$269.6M	$1.08B	75x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.4460	+0.140%	$223.7M	$418.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4460	+0.140%	$63.6M	$295.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	+0.052%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4285	−0.254%	$32.1M	$62.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4320	−0.175%	$76.6M	$143.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4320	−0.175%	$55.6M	$44.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4320	−0.175%	$73.0M	$127.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4300	−0.220%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4186	−0.477%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.4398	long leg	$266K	$984K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4397	−0.001%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4160	−0.535%	$172K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4349	−0.110%	$212K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4298	−0.225%	$61K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4430	+0.073%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4380	−0.040%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4510	+0.253%	$463K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4400	+0.005%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4336	−0.140%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4332	−0.149%	$3.8M	$18.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4354	−0.098%	$207K	$34K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4420	+0.050%	$13.7M	$31.6M	75x	as long as short
Aster NEARUSDT	+0.0240%	8h	4.4352	−0.102%	$3.0M	$5.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0353% / S −0.0246%	1h	4.4300	−0.219%	$261K	—	100x	as long as short
01 Exchange NEARUSD	+0.0368%	1h	4.4356	−0.094%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0402%	1h	4.4280	−0.265%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4390	−0.017%	$211K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0550%	1h	4.4349	−0.110%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0694%	1h	4.4370	−0.062%	$8.2M	$40.9M	50x	as long as short
Hyperliquid NEAR	+0.0694%	1h	4.4335	−0.141%	$369.1M	$309.4M	10x	as long as short
Lighter RH NEAR	+0.0696%	1h	4.4460	+0.140%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4364	−0.076%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4386	−0.026%	$538K	$1.3M	10x	as long as short
Lighter NEAR	+0.1272%	1h	4.4455	+0.128%	$17.8M	$25.9M	15x	as long as short
Aftermath Perps NEARUSD	+0.1660%	1h	4.4306	−0.207%	$6K	$12K	10x	as long as short