Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h −0.047%
Price spread now: BingX against Injective+0.194%7-day average −1.166% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.095%−$9 on $10k
Price spread, last 3 days (all we have)−4.117%−$412 · spread now +0.194%, 7d avg −1.166%
Together, before fees−4.211%−$421 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 1.360% dearer against Injective than usual: you sell high and buy low: +$136 more if the spread goes back to its 7-day average of −1.166%. Mind the row above: over the last 7 days funding on this pair cost −0.095%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective NEAR/USDC PERP4.11500.0081pay 0.0010% / 1h31m 15s$574$186K12x
ShortBingX NEAR-USDC4.12300.0100get 0.0100% / 8h3h 31m$6.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Injective. 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

Funding earned
$4
Price spread: +0.194% → −1.166%
$136.02
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee BingX: 5 bp × 2 orders
−$10
Net
$130
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; BingX: live order book, 16 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell BingX live order book, 16 min ago1.23 bp14.1 bp −$1430.4 bp −$30475.8 bp −$7,582484.8 bp −$242.4K
Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.1210+0.145%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.1246+0.232%$104K$54K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.1258+0.262%$312K$19.8M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.1217+0.163%$200K150xas long as short
Coinbase International NEAR-PERP-INTX+0.0008%1h4.1268+0.287%$2.1M$12.8M50xas long as short
Kraken Futures PF_NEARUSD+0.0013%1h4.1258+0.262%$7.2M$34.9M50xas long as short
Extended NEAR-USD+0.0056%1h4.1211+0.148%$3.6M$14.4M25xas long as short
Injective NEAR/USDC PERPlong+0.0081%1h4.1150long leg$574$186K12x
Popdex NEARUSDT+0.0096%1h4.1200+0.122%$107K$489K50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.1215+0.159%$30K$2K10xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NEARUSDT+0.0100%8h4.1253+0.249%$2.8M$5.8M50xas long as short
Pacifica NEAR+0.0100%1h4.1255+0.254%$421K$1.1M10xas long as short
Binance NEARUSDT+0.0100%8h4.1240+0.219%$238.0M$1.10B75xas long as short
Bybit NEARUSDT+0.0100%8h4.1208+0.141%$210.2M$428.5M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.1220+0.170%$56.9M$281.0M50xas long as short
Arcus NEAR-USD+0.0100%1h4.1260+0.267%$306K$1.6M10xas long as short
Gate NEAR_USDT+0.0100%8h4.1243+0.226%$29.6M$56.6M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.1240+0.219%$80.8M$146.1M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.1260+0.267%$56.0M$46.2M75xas long as short
Bitget NEARUSDT+0.0100%8h4.1246+0.233%$69.1M$128.9M75xas long as short
BingX NEAR-USDCshort+0.0100%8h4.1230+0.194%$6.6M
Variational Omni NEAR+0.0100%8h4.1236+0.208%$7.5M$18.4Mas long as short
edgeX NEARUSDC+0.0100%4h4.1300+0.364%$259K$1.3M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.1350+0.486%$1.4M$1.2M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.1330+0.437%$179K$792K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.1240+0.219%$230K$3.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.1211+0.148%$52K$178K20xas long as short
SunX NEAR-USDT+0.0100%8h4.1270+0.292%$1K$1.5M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.1220+0.170%$5K$46K10xas long as short
Phemex NEARUSDT+0.0100%8h4.1240+0.219%$3.8M$8.4M50xas long as short
Bulk NEAR-USD+0.0100%1h4.1350+0.486%$236K$6K10xas long as short
Aevo NEAR-PERP+0.0104%1h4.1217+0.163%$199K$64K3xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0138%1h4.1229+0.192%$1.8M$2.0M25xas long as short
Lighter RH NEAR+0.0176%1h4.1290+0.340%$1.5M$7.3M10xas long as short
01 Exchange NEARUSD+0.0208%1h4.1260+0.267%$12K$8K10xas long as short
BloFin NEAR-USDT+0.0220%8h4.1230+0.194%$12.4M$33.2M75xas long as short
RISEx NEAR/USDC+0.0365%1h4.1248+0.237%$392K$1.2M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0370% / S −0.0316%1h4.1206+0.136%$272K100xas long as short
Nado NEAR-PERP+0.0399%1h4.1210+0.146%$1.8M$3.9M10xas long as short
Phoenix NEAR+0.0474%1h4.1362+0.515%$1.7M$2.8M10xas long as short
Backpack NEAR_USDC_PERP+0.0562%1h4.1288+0.335%$1.4M$4.9M20xas long as short
Lighter NEAR+0.0968%1h4.1319+0.410%$15.3M$22.4M15xas long as short
Aftermath Perps NEARUSD+0.1165%1h4.1243+0.226%$5K$11K10xas long as short
HTX NEAR-USDT+0.1185%8h4.1320+0.413%$442K$3.9M75xas long as short
Hyperliquid NEAR+0.1374%1h4.1352+0.491%$350.4M$306.3M10xas long as short