Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: MEXC against OKX+0.112%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 7 days−0.112%−$11 · spread now +0.112%, 7d avg +0.025%

Together, before fees−0.129%−$13 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: MEXC is 0.087% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NEAR-USDT-SWAP	4.4560	0.0100	pay 0.0100% / 8h	7h 20m	$62.7M	$300.1M	50x
Short	MEXC NEAR_USDT	4.4610	0.0100	get 0.0100% / 8h	7h 20m	$91.6M	$160.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.112%Rate

Funding earned: $0
Price spread: +0.112% → +0.025%: $8.68
Slippage, 4 orders: −$12.36
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$13.68
Costs to cover: 0.224%
Break-even: never at this rate

Slippage from OKX: live order book, 4 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 OKX live order book, 4 min ago	1.13 bp	8.8 bp −$9	17.5 bp −$175	44.8 bp −$4,483	doesn't fit
Sell MEXC live order book, 4 min ago	2.27 bp	3.7 bp −$4	6.0 bp −$60	42.8 bp −$4,275	86.2 bp −$43.1K

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
Kraken Futures PF_NEARUSD	−0.0427%	1h	4.4269	−0.654%	$7.3M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4589	+0.064%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4489	−0.160%	$109K	$65K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4211	−0.783%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.069%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4520	−0.090%	$123K	$501K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4487	−0.164%	$2.7M	$4.6M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4510	−0.112%	$268.3M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4504	−0.126%	$224.5M	$426.3M	75x	as long as short
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.4560	long leg	$62.7M	$300.1M	50x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.4520	−0.090%	$225K	$1.5M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	−1.818%	$252K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4503	−0.128%	$37.5M	$62.4M	75x	as long as short
MEXC NEAR_USDTshort	+0.0100%	8h	4.4610	+0.112%	$91.6M	$160.1M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.4530	−0.067%	$53.4M	$45.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4580	+0.045%	$73.7M	$127.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4490	−0.157%	—	$83.3M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4199	−0.811%	$9.2M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4218	−0.768%	$256K	$894K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4259	−0.676%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4220	−0.763%	$166K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4575	+0.034%	$278K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4280	−0.628%	$57K	$238K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4290	−0.606%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4270	−0.651%	$5K	$49K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4260	−0.673%	$3.5M	$7.7M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.4490	−0.156%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4462	−0.220%	$3.7M	$15.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4285	−0.617%	$206K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0137%	8h	4.4246	−0.705%	$875K	$25.5M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4310	−0.561%	$12.7M	$32.6M	75x	as long as short
Nado NEAR-PERP	+0.0230%	1h	4.4190	−0.830%	$1.7M	$3.2M	10x	as long as short
Hyperliquid NEAR	+0.0287%	1h	4.4572	+0.027%	$362.2M	$316.2M	10x	as long as short
01 Exchange NEARUSD	+0.0320%	1h	4.4541	−0.043%	$13K	$6K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0356% / S −0.0259%	1h	4.4261	−0.670%	$260K	—	100x	as long as short
Lighter RH NEAR	+0.0440%	1h	4.4565	+0.011%	$1.5M	$6.5M	10x	as long as short
Lighter NEAR	+0.0480%	1h	4.4440	−0.270%	$17.5M	$24.0M	15x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.4320	−0.539%	$2.3M	$17.4M	50x	as long as short
HTX NEAR-USDT	+0.0490%	8h	4.4340	−0.494%	$468K	$3.7M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0542%	1h	4.4310	−0.561%	$1.1M	$7.1M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.4622	+0.138%	$603K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.4485	−0.168%	$419K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.4057	−1.129%	$1.8M	$2.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0767%	1h	4.4301	−0.581%	$1.9M	$13.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1016%	1h	4.4034	−1.181%	$6K	$7K	10x	as long as short