Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0467%/8h= −51.2% APRpaid last 24h −0.091%

Price spread now: MEXC against Nado+0.117%7-day average −0.038% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$180.185% of the position

Long on Nado Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.097%−$10 on $10k

Price spread, last 7 days−0.166%−$17 · spread now +0.117%, 7d avg −0.038%

Together, before fees−0.263%+ Points / potential airdropNado: Active · farm board−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.155% dearer against Nado than usual: you sell high and buy low (spread +0.117% now, against its 7-day average of −0.038%): +$15 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 3 days (−0.097% in total) that is about 5.4 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.097% in total (about -10.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NEAR-PERP	4.2900	0.0567	pay 0.0071% / 1h	5m 29s	$1.8M	$3.1M	10x
Short	MEXC NEAR_USDT	4.2950	0.0100	get 0.0100% / 8h	3h 05m	$71.8M	$147.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Nado. 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 NadobpFee MEXCbpOrdersPrice spread, now +0.117%Rate

Funding earned: −$98.17
Price spread: +0.117% → −0.038%: $15.48
Slippage, 4 orders: −$11.47
Fee Nado: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$101.16
Costs to cover: 0.185%
Break-even: never at this rate

Slippage from Nado: live order book, 3 min ago; MEXC: live order book, 4 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 Nado live order book, 3 min ago	0.69 bp	6.6 bp −$7	20.2 bp −$202	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.16 bp	1.2 bp −$1	3.3 bp −$33	45.4 bp −$4,538	88.2 bp −$44.1K

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	4.2933	+0.077%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2890	−0.024%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2913	+0.031%	$161K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.473%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3072	+0.401%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2900	0.000%	$110K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2953	+0.124%	$262.4M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2917	+0.040%	$212.7M	$426.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2940	+0.093%	$60.7M	$285.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	+1.280%	$248K	−$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	4.2906	+0.014%	$31.9M	$62.6M	75x	as long as short
MEXC NEAR_USDTshort	+0.0100%	8h	4.2950	+0.117%	$71.8M	$147.3M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.2960	+0.140%	$53.3M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2941	+0.096%	$71.0M	$127.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2930	+0.070%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2987	+0.204%	$8.1M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3144	+0.569%	$252K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3190	+0.676%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3190	+0.676%	$166K	$794K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2947	+0.110%	$269K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3027	+0.296%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3090	+0.443%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3100	+0.466%	$462K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3010	+0.256%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2889	−0.025%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3037	+0.319%	$200K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3210	+0.723%	$13.5M	$31.9M	75x	as long as short
Kalshi KXNEARPERP	+0.0261%	8h	4.3104	+0.476%	$869K	$23.5M	2.2x	as long as short
Pacifica NEAR	+0.0263%	1h	4.2927	+0.064%	$396K	$1.3M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0322% / S −0.0198%	1h	4.2971	+0.165%	$232K	—	100x	as long as short
SoDEX NEAR-USD	+0.0333%	1h	4.2995	+0.221%	$6K	$53K	10x	as long as short
Aster NEARUSDT	+0.0334%	8h	4.2930	+0.070%	$2.8M	$5.5M	50x	as long as short
01 Exchange NEARUSD	+0.0528%	1h	4.2959	+0.138%	$13K	$7K	10x	as long as short
Extended NEAR-USD	+0.0560%	1h	4.2904	+0.010%	$3.7M	$19.8M	25x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0564%	1h	4.3017	+0.273%	$1.9M	$9.9M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0567%	1h	4.3016	+0.270%	$1.3M	$6.8M	20x	as long as short
Nado NEAR-PERPlong	+0.0567%	1h	4.2900	long leg	$1.8M	$3.1M	10x
Hyperliquid NEAR	+0.0578%	1h	4.2963	+0.147%	$351.8M	$312.8M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.2960	+0.140%	$211K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0717%	1h	4.2990	+0.209%	$7.5M	$38.9M	50x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.2986	+0.200%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3300	+0.932%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1048%	1h	4.2987	+0.202%	$17.3M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.2937	+0.085%	$668K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1539%	1h	4.3173	+0.636%	$5K	$12K	10x	as long as short