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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%
Price spread now: MEXC against Polymarket Perps+0.083%7-day average −0.029% · 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−$28as in the Price arb table
costs, in and out, $10k−$400.397% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 7 days−0.109%−$11 · spread now +0.083%, 7d avg −0.029%
Together, before fees−0.108%−$11 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 0.112% dearer against Polymarket Perps than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps NEAR-USD4.46730.0100pay 0.0013% / 1h53m 55s$278K$4.0M10x
ShortMEXC NEAR_USDT4.47100.0100get 0.0100% / 8h6h 53m$80.3M$163.5M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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: +0.083% → −0.029%
$11.18
Slippage, 4 orders
−$31.66
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee MEXC: 0 bp × 2 orders
$0
Net
−$28.48
Costs to cover
0.397%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 5 min ago; MEXC: live order book, 5 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, 5 min ago9.28 bp17.2 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 5 min ago1.10 bp2.1 bp −$23.2 bp −$325.4 bp −$53767.8 bp −$33.9K

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%1h4.4656−0.038%$2K20xas long as short
Kraken Futures PF_NEARUSD−0.0142%1h4.4608−0.145%$7.3M$38.6M50xas long as short
dYdX NEAR-USD0.0000%1h4.4682+0.020%$109K$53K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.5437+1.710%$170K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.304%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4740+0.150%$119K$517K50xas long as short
Hyperliquid NEAR+0.0100%1h4.4689+0.036%$361.4M$322.7M10xas long as short
Aster NEARUSDT+0.0100%8h4.4702+0.065%$2.6M$4.8M50xas long as short
Binance NEARUSDT+0.0100%8h4.4685+0.026%$271.5M$1.10B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4599−0.166%$231.0M$436.5M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4580−0.208%$63.6M$306.3M50xas long as short
Arcus NEAR-USD+0.0100%1h4.4800+0.284%$231K$1.4M10xas long as short
Bulk NEAR-USD+0.0100%1h4.5308+1.421%$261K$3K10xas long as short
Gate NEAR_USDT+0.0100%8h4.4689+0.036%$38.4M$61.4M75xas long as short
MEXC NEAR_USDTshort+0.0100%8h4.4710+0.083%$80.3M$163.5M200x
KuCoin NEARUSDTM+0.0100%8h4.4730+0.128%$53.2M$45.7M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4524−0.334%$73.4M$128.9M75xas long as short
BingX NEAR-USDC+0.0100%8h4.4610−0.141%$6.7Mas long as short
Variational Omni NEAR+0.0100%8h4.5146+1.059%$9.4M$17.7Mas long as short
edgeX NEARUSDC+0.0100%4h4.5342+1.497%$268K$881K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.5350+1.515%$1.5M$1.6M10xas long as short
Polymarket Perps NEAR-USDlong+0.0100%1h4.4673long leg$278K$4.0M10x
Orderly PERP_NEAR_USDC+0.0100%8h4.4644−0.065%$58K$269K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4690+0.038%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4635−0.085%$5K$44K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4650−0.051%$472K$3.8M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4650−0.051%$3.4M$8.0M50xas long as short
Extended NEAR-USD+0.0104%1h4.4677+0.008%$3.8M$15.0M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.4612−0.136%$207K$38K3xas long as short
Paradex NEAR-USD-PERP+0.0108%8h4.4723+0.111%$32K$41310xas long as short
Kalshi KXNEARPERP+0.0122%8h4.4711+0.085%$763K$25.6M2.2xas long as short
01 Exchange NEARUSD+0.0160%1h4.4742+0.154%$13K$5K10xas long as short
BloFin NEAR-USDT+0.0220%8h4.4900+0.508%$12.8M$33.0M75xas long as short
Lighter NEAR+0.0288%1h4.4692+0.043%$17.5M$23.4M15xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0311%1h4.4626−0.105%$1.9M$13.1M25xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0341% / S −0.0235%1h4.4856+0.409%$258K100xas long as short
Lighter RH NEAR+0.0376%1h4.4699+0.058%$1.5M$6.0M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0520%1h4.4731+0.130%$2.3M$17.8M50xas long as short
RISEx NEAR/USDC+0.0569%1h4.4749+0.171%$635K$1.6M10xas long as short
Nado NEAR-PERP+0.0625%1h4.4675+0.004%$1.7M$3.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0654%1h4.4712+0.087%$1.1M$7.2M20xas long as short
Phoenix NEAR+0.0740%1h4.5188+1.153%$1.7M$2.5M10xas long as short
Pacifica NEAR+0.0883%1h4.4726+0.119%$422K$1.4M10xas long as short
ApeX Omni NEARUSDT+0.0995%1h4.5320+1.448%$169K$827K50xas long as short
Aftermath Perps NEARUSD+0.1257%1h4.5143+1.052%$6K$7K10xas long as short