Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0196%/8h= −21.5% APRpaid last 24h −0.047%

Price spread now: Coinbase International against edgeX−0.002%77s7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$490.492% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.227%−$23 on $10k

Price spread, last 3 days (all we have)−0.047%−$5 · spread now −0.002%, 7d avg −0.020%

Together, before fees−0.274%+ Points / potential airdropedgeX: Active · farm board−$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. The two prices were read 77 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	edgeX NEARUSDC	4.2780	0.0100	pay 0.0050% / 4h	3h 24m	$255K	$1.2M	20x
Short	Coinbase International NEAR-PERP-INTX	4.2779	−0.0096	pay 0.0012% / 1h	24m 10s	$2.2M	$12.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$41.16
Price spread: −0.002% → −0.020%: $1.85
Slippage, 4 orders: −$30.15
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$88.47
Costs to cover: 0.492%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; Coinbase International: live order book, 5 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, 5 min ago	7.01 bp	12.3 bp −$12	34.5 bp −$345	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	4.79 bp	12.2 bp −$12	20.6 bp −$206	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	4.3088	+0.721%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0132%	1h	4.2722	−0.134%	$7.2M	$37.3M	50x	as long as short
Coinbase International NEAR-PERP-INTXshort	−0.0096%	1h	4.2779	−0.002%	$2.2M	$12.9M	50x
Phemex NEARUSDT	−0.0055%	8h	4.2770	−0.023%	$3.8M	$8.5M	50x	as long as short
01 Exchange NEARUSD	−0.0016%	1h	4.3065	+0.667%	$13K	$7K	10x	as long as short
Variational Omni NEAR	−0.0004%	8h	4.2668	−0.261%	$7.9M	$18.8M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3099	+0.746%	$112K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3006	+0.529%	$339K	$19.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3111	+0.774%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.202%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0048%	8h	4.2932	+0.356%	$217.5M	$417.3M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0077%	1h	4.2882	+0.239%	$1.9M	$3.5M	25x	as long as short
Gate NEAR_USDT	+0.0095%	8h	4.3116	+0.786%	$31.0M	$59.8M	75x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3070	+0.679%	$114K	$482K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2848	+0.160%	$57K	$191K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.3084	+0.711%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3090	+0.724%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3084	+0.710%	$398K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2774	−0.013%	$255.0M	$1.06B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2930	+0.351%	$60.8M	$279.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3080	+0.702%	$197K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2789	+0.023%	$244K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3000	+0.515%	$76.6M	$140.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2750	−0.069%	$55.9M	$42.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2869	+0.209%	$71.2M	$124.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2880	+0.235%	—	$6.6M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.2780	long leg	$255K	$1.2M	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2745	−0.080%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2800	+0.048%	$179K	$782K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3097	+0.742%	$202K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3200	+0.983%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2760	−0.046%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2850	+0.164%	$454K	$3.7M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2769	−0.026%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2804	+0.056%	$199K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0159%	1h	4.3150	+0.866%	$362.2M	$300.5M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3080	+0.702%	$12.9M	$28.3M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0373% / S −0.0306%	1h	4.3113	+0.780%	$274K	—	100x	as long as short
Lighter RH NEAR	+0.0392%	1h	4.2787	+0.017%	$1.6M	$6.9M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3086	+0.715%	$408K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0445%	1h	4.2935	+0.363%	$1.3M	$5.9M	20x	as long as short
Nado NEAR-PERP	+0.0464%	1h	4.3085	+0.714%	$1.9M	$3.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2669	−0.259%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1334%	1h	4.2876	+0.225%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1888%	1h	4.2839	+0.138%	$17.1M	$24.5M	15x	as long as short