Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.009%

Price spread now: MEXC against SoDEX+0.085%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on MEXC

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—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.085% dearer against SoDEX than usual: you sell high and buy low: +$9 more if the spread 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	4.3433	0.0100	pay 0.0013% / 1h	4m 13s	$5K	$50K	10x
Short	MEXC NEAR_USDT	4.3470	0.0146	get 0.0146% / 8h	4m 13s	$88.8M	$154.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.085%Rate

Funding earned: $9.66
Price spread: +0.085% → 0.000%: $8.52
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: $10.18
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; MEXC: live order book, 5 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 MEXC live order book, 5 min ago	1.14 bp	2.1 bp −$2	3.6 bp −$36	32.6 bp −$3,263	72.0 bp −$36.0K

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 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
Reya NEARRUSDPERP	−0.0171%	1h	4.3470	+0.086%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3586	+0.352%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3400	−0.075%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3440	+0.015%	$7.2M	$38.6M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.658%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3590	+0.361%	$114K	$499K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3474	+0.094%	$219.1M	$430.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3470	+0.085%	$61.3M	$295.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	+0.730%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3460	+0.062%	$35.8M	$63.2M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3460	+0.062%	$52.7M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3476	+0.099%	$71.9M	$127.9M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3549	+0.267%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3722	+0.666%	$253K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3681	+0.572%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3680	+0.569%	$167K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3566	+0.306%	$274K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3448	+0.035%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3650	+0.500%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USDlong	+0.0100%	1h	4.3433	long leg	$5K	$50K	10x
Phemex NEARUSDT	+0.0100%	8h	4.3450	+0.039%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3651	+0.501%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3424	−0.020%	$3.6M	$16.5M	25x	as long as short
Aster NEARUSDT	+0.0108%	8h	4.3485	+0.119%	$2.7M	$4.8M	50x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3461	+0.064%	$202K	$38K	3x	as long as short
Hyperliquid NEAR	+0.0135%	1h	4.3525	+0.212%	$350.8M	$316.1M	10x	as long as short
MEXC NEAR_USDTshort	+0.0146%	8h	4.3470	+0.085%	$88.8M	$154.6M	200x
Binance NEARUSDT	+0.0146%	8h	4.3480	+0.107%	$262.7M	$1.09B	75x	as long as short
HTX NEAR-USDT	+0.0158%	8h	4.3500	+0.154%	$463K	$3.8M	75x	as long as short
BingX NEAR-USDC	+0.0162%	8h	4.3490	+0.131%	—	$6.7M	—	as long as short
Kalshi KXNEARPERP	+0.0169%	8h	4.3475	+0.097%	$942K	$25.1M	2.2x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.3639	+0.474%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0266%	8h	4.3670	+0.546%	$13.4M	$32.2M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0242%	1h	4.3462	+0.068%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0365%	1h	4.3534	+0.232%	$1.6M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0471%	1h	4.3506	+0.168%	$1.1M	$7.2M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3494	+0.140%	$2.3M	$16.9M	50x	as long as short
Lighter RH NEAR	+0.0496%	1h	4.3514	+0.186%	$1.5M	$6.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0510%	1h	4.3469	+0.083%	$1.9M	$13.1M	25x	as long as short
Lighter NEAR	+0.0560%	1h	4.3527	+0.217%	$17.1M	$25.4M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3620	+0.431%	$228K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3643	+0.484%	$411K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3865	+0.995%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3615	+0.418%	$605K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1115%	1h	4.3615	+0.418%	$5K	$7K	10x	as long as short