Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against MEXC−0.192%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on MEXC Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.431%+$43 · spread now −0.192%, 7d avg +0.010%

Together, before fees+0.429%+$43 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: Bulk is 0.202% cheaper against MEXC than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.3080	0.0100	pay 0.0100% / 8h	2h 24m	$77.1M	$144.5M	200x
Short	Bulk NEAR-USD	4.2997	0.0100	get 0.0013% / 1h	24m 36s	$245K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against MEXC. 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 MEXCbpFee BulkbpOrdersPrice spread, now −0.192%Rate

Funding earned: $0
Price spread: −0.192% → +0.010%: −$20.17
Slippage, 4 orders: −$27.72
Fee MEXC: 0 bp × 2 orders: $0
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$54.89
Costs to cover: 0.347%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Bulk: live order book, 24 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 MEXC live order book, 4 min ago	1.16 bp	1.2 bp −$1	3.0 bp −$30	31.1 bp −$3,110	69.3 bp −$34.7K
Sell Bulk live order book, 24 min ago	11.67 bp	15.2 bp −$15	15.2 bp −$152	15.2 bp −$1,517	32.9 bp −$16.4K

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	4.3062	−0.043%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2982	−0.227%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2998	−0.190%	$161K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.877%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3140	+0.139%	$113K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3090	+0.024%	$263.5M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3032	−0.111%	$214.7M	$420.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3040	−0.093%	$60.5M	$285.4M	50x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.2997	−0.192%	$245K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.3031	−0.114%	$32.5M	$60.1M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDTlong	+0.0100%	8h	4.3080	long leg	$77.1M	$144.5M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.3010	−0.162%	$51.7M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3069	−0.026%	$71.3M	$127.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3040	−0.093%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2778	−0.701%	$8.1M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2867	−0.494%	$258K	$954K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2900	−0.418%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3082	+0.005%	$262K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3054	−0.060%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3120	+0.093%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3100	+0.046%	$464K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3000	−0.186%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3040	−0.094%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3055	−0.058%	$200K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3070	−0.023%	$13.3M	$31.7M	75x	as long as short
ApeX Omni NEARUSDT	+0.0226%	1h	4.2860	−0.511%	$165K	$794K	50x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.3036	−0.102%	$2.3M	$15.9M	50x	as long as short
Kalshi KXNEARPERP	+0.0275%	8h	4.2930	−0.348%	$879K	$24.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0311% / S −0.0198%	1h	4.2993	−0.203%	$232K	—	100x	as long as short
Aster NEARUSDT	+0.0333%	8h	4.3070	−0.023%	$2.8M	$5.3M	50x	as long as short
Nado NEAR-PERP	+0.0391%	1h	4.3060	−0.046%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0536%	1h	4.3029	−0.117%	$3.6M	$19.6M	25x	as long as short
SoDEX NEAR-USD	+0.0590%	1h	4.3015	−0.151%	$6K	$52K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0664%	1h	4.3005	−0.174%	$1.3M	$6.6M	20x	as long as short
Hyperliquid NEAR	+0.0681%	1h	4.3032	−0.111%	$351.7M	$308.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0735%	1h	4.3021	−0.137%	$7.4M	$38.8M	50x	as long as short
01 Exchange NEARUSD	+0.0744%	1h	4.3181	+0.234%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.3090	+0.023%	$216K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.3023	−0.132%	$394K	$1.3M	10x	as long as short
Lighter NEAR	+0.0944%	1h	4.3056	−0.056%	$16.8M	$25.1M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2991	−0.207%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1136%	1h	4.3047	−0.077%	$1.4M	$7.4M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.3078	−0.005%	$688K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1377%	1h	4.2922	−0.367%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1472%	1h	4.3054	−0.060%	$1.9M	$11.0M	25x	as long as short