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 −0.129%

Price spread now: edgeX against HTX−0.436%7-day average −0.243% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$670.671% of the position

Long on HTX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.570%−$57 on $10k

Price spread, last 4 days (all we have)+0.155%+$16 · spread now −0.436%, 7d avg −0.243%

Together, before fees−0.415%+ Points / potential airdropedgeX: Active · farm board−$41 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: edgeX is 0.193% cheaper against HTX than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.243%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.3560	0.0100	pay 0.0100% / 8h	3h 17m	$472K	$3.9M	75x
Short	edgeX NEARUSDC	4.3370	0.0100	get 0.0050% / 4h	3h 17m	$253K	$949K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against HTX. 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 HTXbpFee edgeXbpOrdersPrice spread, now −0.436%Rate

Funding earned: $0
Price spread: −0.436% → −0.243%: −$19.29
Slippage, 4 orders: −$46.12
Fee HTX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$86.41
Costs to cover: 0.671%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; edgeX: live order book, 26 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 HTX live order book, 1 min ago	5.74 bp	16.8 bp −$17	48.4 bp −$484	doesn't fit	doesn't fit
Sell edgeX live order book, 26 min ago	6.91 bp	12.5 bp −$12	28.2 bp −$282	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	4.3399	−0.369%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3461	−0.227%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3429	−0.301%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.936%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3516	−0.101%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3500	−0.138%	$111K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3533	−0.062%	$266.3M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3482	−0.179%	$215.0M	$425.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3490	−0.161%	$61.5M	$289.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3250	−0.711%	$246K	−$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	4.3465	−0.218%	$32.2M	$61.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3520	−0.092%	$74.2M	$146.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3520	−0.092%	$53.9M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3488	−0.165%	$71.7M	$127.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3490	−0.161%	—	$144.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3327	−0.534%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDCshort	+0.0100%	4h	4.3370	−0.436%	$253K	$949K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3370	−0.436%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3460	−0.230%	$167K	$796K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3448	−0.257%	$275K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3484	−0.174%	$58K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3510	−0.115%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDTlong	+0.0100%	8h	4.3560	long leg	$472K	$3.9M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3510	−0.115%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3446	−0.262%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3483	−0.176%	$202K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3430	−0.298%	$13.5M	$32.2M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3487	−0.169%	$402K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0288%	8h	4.3412	−0.340%	$873K	$23.4M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0324% / S −0.0198%	1h	4.3423	−0.314%	$234K	—	100x	as long as short
Aster NEARUSDT	+0.0324%	8h	4.3508	−0.120%	$2.9M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0361%	1h	4.3455	−0.241%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3553	−0.016%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0566%	1h	4.3423	−0.314%	$1.8M	$3.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0586%	1h	4.3512	−0.110%	$1.3M	$6.7M	20x	as long as short
Hyperliquid NEAR	+0.0591%	1h	4.3513	−0.108%	$356.3M	$314.3M	10x	as long as short
Extended NEAR-USD	+0.0600%	1h	4.3477	−0.190%	$3.8M	$20.0M	25x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3540	−0.046%	$214K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0709%	1h	4.3472	−0.202%	$7.6M	$39.0M	50x	as long as short
Lighter RH NEAR	+0.0896%	1h	4.3540	−0.046%	$1.5M	$7.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0924%	1h	4.3484	−0.174%	$1.9M	$9.5M	25x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3290	−0.620%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1104%	1h	4.3546	−0.032%	$17.6M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3530	−0.069%	$687K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1559%	1h	4.3475	−0.196%	$5K	$13K	10x	as long as short