Funding arb · Price arb /

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Swap Backtest

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: edgeX against SoDEX−0.306%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.306% cheaper against SoDEX than usual: you would sell low and buy high, −$31 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX NEAR-USD	4.3935	0.0100	pay 0.0013% / 1h	50m 37s	$5K	$51K	10x
Short	edgeX NEARUSDC	4.3800	0.0100	get 0.0050% / 4h	1h 50m	$268K	$994K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SoDEX. 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 SoDEXbpFee edgeXbpOrdersPrice spread, now −0.306%Rate

Funding earned: $0
Price spread: −0.306% → 0.000%: −$30.63
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$47.63
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; edgeX: live order book, 3 min ago. Net counts fees only.

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 SoDEX no order-book sample	—	—	—	—	—
Sell edgeX live order book, 3 min ago	6.86 bp	12.2 bp −$12	32.7 bp −$327	doesn't fit	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NEAR on 44 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	4.3913	−0.051%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3907	−0.064%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3816	−0.270%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3889	−0.105%	$550K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3918	−0.038%	$199K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.747%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3920	−0.034%	$115K	$483K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3876	−0.135%	$414K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3872	−0.142%	$266.3M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3834	−0.230%	$221.6M	$416.7M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3790	−0.330%	$62.5M	$289.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	−0.633%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3829	−0.241%	$31.5M	$61.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3830	−0.239%	$75.5M	$139.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3840	−0.216%	$54.7M	$43.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3814	−0.275%	$71.9M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3800	−0.307%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3926	−0.019%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDCshort	+0.0100%	4h	4.3800	−0.306%	$268K	$994K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3770	−0.376%	$1.4M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3790	−0.330%	$195K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3957	+0.050%	$206K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3955	+0.046%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3980	+0.102%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USDlong	+0.0100%	1h	4.3935	long leg	$5K	$51K	10x
HTX NEAR-USDT	+0.0100%	8h	4.4060	+0.285%	$460K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3940	+0.011%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3858	−0.175%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3789	−0.333%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3942	+0.016%	$205K	$34K	3x	as long as short
Aster NEARUSDT	+0.0202%	8h	4.3897	−0.087%	$3.0M	$5.5M	50x	as long as short
Nado NEAR-PERP	+0.0342%	1h	4.3898	−0.085%	$1.9M	$3.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0349% / S −0.0244%	1h	4.3918	−0.038%	$257K	—	100x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3943	+0.018%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3850	−0.193%	$209K	$1.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0478%	1h	4.3974	+0.089%	$1.9M	$4.3M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0695%	1h	4.3922	−0.030%	$1.4M	$6.4M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0701%	1h	4.3967	+0.072%	$8.2M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0776%	1h	4.3904	−0.071%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0811%	1h	4.3948	+0.030%	$370.3M	$304.3M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3944	+0.020%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3824	−0.254%	$552K	$1.3M	10x	as long as short
Lighter NEAR	+0.1080%	1h	4.3949	+0.033%	$17.6M	$25.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1671%	1h	4.3812	−0.281%	$6K	$12K	10x	as long as short