Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0297%/8h= +32.6% APRpaid last 24h +0.001%

Price spread now: SoDEX against edgeX−0.163%75s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. SoDEX is 0.163% cheaper against edgeX than usual: you would sell low and buy high (spread −0.163% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 44 hours of funding at the current rate (+$9 a day). The two prices were read 75 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	4.3357	0.0100	pay 0.0050% / 4h	3h 40m	$254K	$947K	20x
Short	SoDEX NEAR-USD	4.3286	0.0397	get 0.0050% / 1h	40m 05s	$8K	$49K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.163%Rate

Funding earned: $62.47
Price spread: −0.163% → 0.000%: −$16.35
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $29.13
Costs to cover: 0.170%
Break-even: 3.7 days

Slippage unknown: edgeX: live order book, 4 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 4 min ago	6.91 bp	11.9 bp −$12	35.0 bp −$350	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.3235	−0.282%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3248	−0.251%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3238	−0.273%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.490%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3263	−0.217%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3220	−0.316%	$108K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3339	−0.040%	$265.9M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3292	−0.150%	$215.4M	$428.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3320	−0.085%	$61.4M	$292.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3400	+0.099%	$247K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3323	−0.078%	$31.9M	$61.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3350	−0.016%	$73.1M	$144.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3320	−0.085%	$53.8M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3321	−0.083%	$71.3M	$128.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3340	−0.039%	—	$146.3M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3167	−0.437%	$8.3M	$17.9M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.3357	long leg	$254K	$947K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3214	−0.329%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3400	+0.099%	$167K	$799K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3263	−0.217%	$271K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3287	−0.161%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3330	−0.062%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3390	+0.076%	$470K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3300	−0.131%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3239	−0.272%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3299	−0.134%	$201K	$37K	3x	as long as short
Kalshi KXNEARPERP	+0.0202%	8h	4.3267	−0.207%	$728K	$23.4M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3280	−0.177%	$13.7M	$32.1M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3304	−0.122%	$411K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0309%	8h	4.3307	−0.114%	$2.8M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0194%	1h	4.3240	−0.269%	$231K	—	100x	as long as short
SoDEX NEAR-USDshort	+0.0397%	1h	4.3286	−0.163%	$8K	$49K	10x
Backpack NEAR_USDC_PERP	+0.0509%	1h	4.3350	−0.016%	$1.3M	$6.6M	20x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3302	−0.127%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3290	−0.154%	$212K	$1.6M	10x	as long as short
Hyperliquid NEAR	+0.0628%	1h	4.3350	−0.016%	$355.6M	$321.2M	10x	as long as short
Nado NEAR-PERP	+0.0639%	1h	4.3240	−0.269%	$1.8M	$3.1M	10x	as long as short
Extended NEAR-USD	+0.0688%	1h	4.3246	−0.255%	$3.8M	$19.8M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0712%	1h	4.3293	−0.147%	$7.6M	$39.3M	50x	as long as short
Lighter RH NEAR	+0.0872%	1h	4.3358	+0.003%	$1.5M	$7.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0929%	1h	4.3296	−0.140%	$1.9M	$8.9M	25x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3302	−0.127%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1128%	1h	4.3361	+0.010%	$17.5M	$24.9M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3260	−0.224%	$656K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1568%	1h	4.3304	−0.122%	$5K	$13K	10x	as long as short