Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against edgeX+0.629%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs+$21as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 7 days−0.608%−$61 · spread now +0.629%, 7d avg −0.023%

Together, before fees−0.620%+ Points / potential airdropedgeX: Active · farm board−$62 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: OKX is 0.652% dearer against edgeX than usual: you sell high and buy low, +$65 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.3477	0.0100	pay 0.0050% / 4h	7m 32s	$252K	$894K	20x
Short	OKX NEAR-USDT-SWAP	4.3750	0.0100	get 0.0100% / 8h	7m 32s	$61.8M	$296.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.629%Rate

Funding earned: $0
Price spread: +0.629% → −0.023%: $65.18
Slippage, 4 orders: −$25.31
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: $20.88
Costs to cover: 0.443%
Break-even: from the start

Slippage from edgeX: live order book, 21 min ago; OKX: 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, 21 min ago	8.05 bp	13.7 bp −$14	56.3 bp −$563	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.14 bp	9.4 bp −$9	15.8 bp −$158	38.6 bp −$3,860	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	4.3702	+0.519%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3742	+0.609%	$108K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3787	+0.713%	$164K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0016%	1h	4.3799	+0.741%	$7.3M	$38.6M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.754%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3810	+0.767%	$114K	$498K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3791	+0.723%	$221.4M	$428.5M	75x	as long as short
OKX NEAR-USDT-SWAPshort	+0.0100%	8h	4.3750	+0.629%	$61.8M	$296.9M	50x
Bulk NEAR-USD	+0.0100%	1h	4.3750	+0.629%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3753	+0.636%	$35.9M	$63.1M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3810	+0.767%	$53.1M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3718	+0.555%	$72.3M	$127.8M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3490	+0.030%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.3477	long leg	$252K	$894K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3514	+0.085%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3440	−0.084%	$166K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3815	+0.778%	$277K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3815	+0.778%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3870	+0.905%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3800	+0.744%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3800	+0.744%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3741	+0.609%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3776	+0.689%	$3.6M	$16.5M	25x	as long as short
Aster NEARUSDT	+0.0119%	8h	4.3808	+0.761%	$2.7M	$4.8M	50x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3810	+0.767%	$204K	$38K	3x	as long as short
Hyperliquid NEAR	+0.0138%	1h	4.3803	+0.751%	$353.3M	$315.7M	10x	as long as short
Binance NEARUSDT	+0.0152%	8h	4.3810	+0.766%	$264.7M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0154%	8h	4.3650	+0.399%	$90.0M	$154.3M	200x	as long as short
HTX NEAR-USDT	+0.0154%	8h	4.3890	+0.951%	$467K	$3.8M	75x	as long as short
Kalshi KXNEARPERP	+0.0171%	8h	4.3789	+0.718%	$972K	$25.0M	2.2x	as long as short
BingX NEAR-USDC	+0.0171%	8h	4.3790	+0.721%	—	$6.7M	—	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.3846	+0.849%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0275%	8h	4.3680	+0.468%	$13.3M	$32.2M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0341% / S −0.0240%	1h	4.3791	+0.722%	$255K	—	100x	as long as short
Nado NEAR-PERP	+0.0362%	1h	4.3761	+0.654%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0466%	1h	4.3871	+0.907%	$1.1M	$7.1M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3773	+0.682%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0488%	1h	4.3796	+0.734%	$1.5M	$6.8M	10x	as long as short
Lighter NEAR	+0.0552%	1h	4.3792	+0.726%	$17.2M	$25.4M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3820	+0.790%	$229K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3748	+0.624%	$412K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3865	+0.893%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3815	+0.779%	$607K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1107%	1h	4.3672	+0.450%	$5K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1485%	1h	4.3873	+0.912%	$1.9M	$13.1M	25x	as long as short