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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Polymarket Perps−0.090%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$310.313% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.058%−$6 on $10k
Price spread, last 7 days+0.052%+$5 · spread now −0.090%, 7d avg −0.037%
Together, before fees−0.006%−$1 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: BingX is 0.053% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps NEAR-USD4.43100.0100pay 0.0013% / 1h27m 47s$212K$3.7M10x
ShortBingX NEAR-USDT4.42700.0100get 0.0100% / 8h5h 27m$145.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Polymarket Perps. 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
$0
Price spread: −0.090% → −0.037%
−$5.34
Slippage, 4 orders
−$13.26
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$36.6
Costs to cover
0.313%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 1 min ago; BingX: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 1 min ago2.03 bp6.0 bp −$67.0 bp −$70doesn't fitdoesn't fit
Sell BingX live order book, 11 min ago2.28 bp8.7 bp −$912.4 bp −$12427.5 bp −$2,74658.8 bp −$29.4K

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%1h4.4257−0.120%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0016%1h4.4291−0.043%$2.2M$14.7M50xas long as short
dYdX NEAR-USD0.0000%1h4.4269−0.092%$109K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4345+0.079%$589K$19.8M2.2xas long as short
Deribit NEAR_USDC-PERPETUAL0.0000%1h4.4295−0.034%$1.9M$4.4M25xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.4268−0.095%$200K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−6.545%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4300−0.023%$116K$490K50xas long as short
Pacifica NEAR+0.0100%1h4.4277−0.075%$418K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.4286−0.054%$268.9M$1.08B75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NEARUSDT+0.0100%8h4.4260−0.113%$222.4M$419.1M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4230−0.181%$63.5M$293.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4421+0.250%$253K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4239−0.160%$32.0M$62.9M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4250−0.135%$76.5M$143.1M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4270−0.090%$55.5M$44.5M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4249−0.138%$72.9M$127.2M75xas long as short
BingX NEAR-USDTshort+0.0100%8h4.4270−0.090%$145.1M
Variational Omni NEAR+0.0100%8h4.4186−0.280%$8.7M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.4477+0.378%$267K$989K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4180−0.293%$1.5M$1.4M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4160−0.339%$172K$792K50xas long as short
Polymarket Perps NEAR-USDlong+0.0100%1h4.4310long leg$212K$3.7M10x
Orderly PERP_NEAR_USDC+0.0100%8h4.4257−0.120%$61K$195K20xas long as short
SunX NEAR-USDT+0.0100%8h4.43100.000%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4280−0.068%$5K$51K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4340+0.068%$461K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4270−0.090%$3.9M$8.1M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.4255−0.123%$32K$60810xas long as short
Extended NEAR-USD+0.0104%1h4.4256−0.123%$3.8M$18.7M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.4290−0.045%$206K$34K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.4520+0.474%$13.7M$31.7M75xas long as short
Aster NEARUSDT+0.0242%8h4.4329+0.042%$3.0M$5.4M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0352% / S −0.0245%1h4.4279−0.070%$261K100xas long as short
01 Exchange NEARUSD+0.0376%1h4.4292−0.041%$13K$7K10xas long as short
Nado NEAR-PERP+0.0401%1h4.4275−0.079%$1.9M$3.1M10xas long as short
Arcus NEAR-USD+0.0410%1h4.43100.000%$211K$1.7M10xas long as short
Backpack NEAR_USDC_PERP+0.0550%1h4.4349+0.088%$1.4M$6.6M20xas long as short
Kraken Futures PF_NEARUSD+0.0696%1h4.4280−0.068%$8.2M$40.9M50xas long as short
Hyperliquid NEAR+0.0696%1h4.4293−0.038%$368.7M$309.3M10xas long as short
Lighter RH NEAR+0.0712%1h4.4377+0.151%$1.6M$6.9M10xas long as short
Phoenix NEAR+0.0855%1h4.4463+0.345%$1.8M$2.7M10xas long as short
RISEx NEAR/USDC+0.0924%1h4.4321+0.025%$554K$1.3M10xas long as short
Lighter NEAR+0.1272%1h4.4376+0.150%$17.7M$25.9M15xas long as short
Aftermath Perps NEARUSD+0.1655%1h4.4295−0.033%$6K$12K10xas long as short