Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against OKX+0.758%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs+$33as in the Price arb table

costs, in and out, $10k−$410.411% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 7 days−0.800%−$80 · spread now +0.758%, 7d avg +0.021%

Together, before fees−0.790%+ Points / potential airdropedgeX: Active · farm board−$79 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 0.737% dearer against OKX than usual: you sell high and buy low, +$74 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NEAR-USDT-SWAP	4.4850	0.0100	pay 0.0100% / 8h	4h 57m	$63.8M	$301.4M	50x
Short	edgeX NEARUSDC	4.5190	0.0100	get 0.0050% / 4h	57m 29s	$268K	$861K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now +0.758%Rate

Funding earned: $0
Price spread: +0.758% → +0.021%: $73.67
Slippage, 4 orders: −$22.1
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $32.57
Costs to cover: 0.411%
Break-even: from the start

Slippage from OKX: live order book, 5 min ago; edgeX: live order book, 49 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 OKX live order book, 5 min ago	1.11 bp	6.5 bp −$6	16.4 bp −$164	40.0 bp −$4,003	doesn't fit
Sell edgeX live order book, 49 min ago	7.82 bp	12.7 bp −$13	31.6 bp −$316	doesn't fit	doesn't fit

NEAR on 45 exchanges

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
Kraken Futures PF_NEARUSD	−0.0380%	1h	4.4904	+0.121%	$7.3M	$37.1M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4908	+0.130%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4837	−0.030%	$110K	$53K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5055	+0.457%	$922K	$26.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4934	+0.188%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.670%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4880	+0.067%	$124K	$506K	50x	as long as short
Hyperliquid NEAR	+0.0100%	1h	4.4861	+0.025%	$360.4M	$313.0M	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4899	+0.109%	$2.7M	$4.9M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4888	+0.084%	$271.0M	$1.08B	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.4860	+0.022%	$230.4M	$431.0M	75x	as long as short
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.4850	long leg	$63.8M	$301.4M	50x
Bulk NEAR-USD	+0.0100%	1h	4.4850	0.000%	$276K	$24K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4860	+0.022%	$41.0M	$61.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4900	+0.111%	$73.6M	$167.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4890	+0.089%	$54.0M	$44.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4833	−0.038%	$74.6M	$127.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4870	+0.045%	—	$74.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4983	+0.297%	$8.8M	$16.0M	—	as long as short
edgeX NEARUSDCshort	+0.0100%	4h	4.5190	+0.758%	$268K	$861K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5011	+0.360%	$1.5M	$1.8M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4990	+0.312%	$168K	$808K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4873	+0.051%	$188K	$4.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4938	+0.196%	$56K	$273K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5000	+0.334%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4921	+0.158%	$5K	$34K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5000	+0.334%	$471K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4920	+0.156%	$3.4M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4849	−0.002%	$32K	$389	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4849	−0.002%	$3.7M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4919	+0.154%	$209K	$38K	3x	as long as short
Lighter RH NEAR	+0.0136%	1h	4.4899	+0.109%	$1.6M	$5.7M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0191% / S −0.0033%	1h	4.4938	+0.196%	$242K	—	100x	as long as short
Lighter NEAR	+0.0208%	1h	4.4853	+0.007%	$17.0M	$24.6M	15x	as long as short
01 Exchange NEARUSD	+0.0216%	1h	4.4886	+0.080%	$13K	$4K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5310	+1.026%	$12.9M	$32.8M	75x	as long as short
Arcus NEAR-USD	+0.0253%	1h	4.4900	+0.111%	$227K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.0478%	1h	4.4888	+0.086%	$639K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0544%	1h	4.5060	+0.468%	$2.3M	$17.7M	50x	as long as short
Nado NEAR-PERP	+0.0660%	1h	4.4850	0.000%	$1.8M	$3.1M	10x	as long as short
Pacifica NEAR	+0.0687%	1h	4.4849	−0.002%	$422K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0741%	1h	4.5098	+0.553%	$1.7M	$2.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0797%	1h	4.4956	+0.236%	$1.9M	$13.0M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0883%	1h	4.4926	+0.169%	$1.1M	$7.2M	20x	as long as short
Aftermath Perps NEARUSD	+0.0926%	1h	4.4974	+0.277%	$6K	$6K	10x	as long as short