Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0332%/8h= +36.4% APRpaid last 24h +0.080%

Price spread now: Nado against edgeX+0.633%62s7-day average −0.028% · 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−$400.403% of the position

Long on edgeX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.079%+$8 on $10k

Price spread, last 4 days (all we have)−1.904%−$190 · spread now +0.633%, 7d avg −0.028%

Together, before fees−1.825%+ Points / potential airdropedgeX: Active · Nado: Active · farm board−$183 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Nado is 0.661% dearer against edgeX than usual: you sell high and buy low: +$66 more if the spread goes back to its 7-day average of −0.028%. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.079% in total (about 8.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.3236	0.0100	pay 0.0050% / 4h	2h 35m	$260K	$1.0M	20x
Short	Nado NEAR-PERP	4.3510	0.0432	get 0.0054% / 1h	35m 51s	$1.9M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.633%Rate

Funding earned: $69.81
Price spread: +0.633% → −0.028%: $66.09
Slippage, 4 orders: −$24.33
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $95.57
Costs to cover: 0.403%
Break-even: from the start

Slippage from edgeX: live order book, 3 min ago; Nado: live order book, 3 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, 3 min ago	8.08 bp	12.8 bp −$13	28.3 bp −$283	doesn't fit	doesn't fit
Sell Nado live order book, 3 min ago	1.61 bp	8.4 bp −$8	17.8 bp −$178	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	4.3548	+0.722%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3611	+0.867%	$2.2M	$13.8M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3444	+0.480%	$108K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3580	+0.795%	$522K	$19.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3549	+0.724%	$202K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.224%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0052%	8h	4.3548	+0.722%	$8.3M	$19.1M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3540	+0.703%	$116K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3583	+0.802%	$58K	$161K	20x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3485	+0.575%	$411K	$1.2M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.3610	+0.865%	$260.6M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3576	+0.786%	$221.5M	$419.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3550	+0.726%	$61.5M	$282.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3560	+0.749%	$206K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	+0.493%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3571	+0.774%	$31.3M	$60.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3590	+0.818%	$75.5M	$138.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3580	+0.795%	$56.0M	$42.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3566	+0.763%	$72.2M	$123.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3580	+0.795%	—	$6.6M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.3236	long leg	$260K	$1.0M	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3339	+0.239%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3230	−0.014%	$179K	$775K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3575	+0.784%	$214K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3610	+0.865%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3571	+0.774%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3700	+1.073%	$445K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3580	+0.795%	$3.9M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3465	+0.529%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3551	+0.727%	$3.8M	$17.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3571	+0.774%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0114%	8h	4.3646	+0.947%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0217%	1h	4.3584	+0.805%	$7.7M	$40.3M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3220	−0.037%	$13.2M	$27.6M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0360% / S −0.0278%	1h	4.3545	+0.715%	$261K	—	100x	as long as short
01 Exchange NEARUSD	+0.0368%	1h	4.3566	+0.763%	$13K	$7K	10x	as long as short
Nado NEAR-PERPshort	+0.0432%	1h	4.3510	+0.633%	$1.9M	$3.1M	10x
RISEx NEAR/USDC	+0.0509%	1h	4.3579	+0.793%	$545K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3434	+0.458%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0672%	1h	4.3672	+1.008%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0759%	1h	4.3628	+0.906%	$366.2M	$303.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0783%	1h	4.3607	+0.858%	$1.9M	$4.1M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0805%	1h	4.3635	+0.922%	$1.4M	$5.9M	20x	as long as short
Aftermath Perps NEARUSD	+0.1440%	1h	4.3317	+0.186%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1480%	1h	4.3703	+1.081%	$17.4M	$24.7M	15x	as long as short