Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.143%

Price spread now: BingX against Arcus−0.184%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on Arcus Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.325%−$32 on $10k

Price spread, last 7 days+0.184%+$18 · spread now −0.184%, 7d avg −0.044%

Together, before fees−0.141%−$14 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 0.140% cheaper against Arcus than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.3540	0.0100	pay 0.0013% / 1h	4m 24s	$206K	$1.7M	10x
Short	BingX NEAR-USDT	4.3460	0.0100	get 0.0100% / 8h	7h 04m	—	$141.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Arcus. 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 ArcusbpFee BingXbpOrdersPrice spread, now −0.184%Rate

Funding earned: $0
Price spread: −0.184% → −0.044%: −$13.99
Slippage, 4 orders: −$11.57
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$40.06
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from Arcus: live order book, 5 min ago; BingX: live order book, 5 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 Arcus live order book, 5 min ago	2.31 bp	5.7 bp −$6	11.9 bp −$119	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	1.16 bp	6.6 bp −$7	9.4 bp −$94	21.0 bp −$2,098	48.0 bp −$24.0K

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	4.3472	−0.157%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3211	−0.755%	$7.9M	$38.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3161	−0.870%	$2.1M	$13.1M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3200	−0.781%	$360K	$18.8M	2.2x	as long as short
dYdX NEAR-USD	+0.0004%	1h	4.3518	−0.050%	$113K	$64K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0005%	1h	4.3462	−0.179%	$162K	—	150x	as long as short
Variational Omni NEAR	+0.0010%	8h	4.3057	−1.109%	$8.2M	$18.8M	—	as long as short
Phemex NEARUSDT	+0.0021%	8h	4.3340	−0.459%	$3.9M	$8.4M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.892%	$578	$302K	12x	as long as short
01 Exchange NEARUSD	+0.0040%	1h	4.3482	−0.133%	$13K	$7K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3500	−0.092%	$116K	$474K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3449	−0.209%	$58K	$162K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3552	+0.029%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3528	−0.027%	$405K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3483	−0.131%	$259.5M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3446	−0.216%	$222.8M	$416.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3400	−0.322%	$61.6M	$278.1M	50x	as long as short
Arcus NEAR-USDlong	+0.0100%	1h	4.3540	long leg	$206K	$1.7M	10x
Bulk NEAR-USD	+0.0100%	1h	4.3243	−0.683%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3460	−0.184%	$31.2M	$61.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3480	−0.138%	$76.1M	$142.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3500	−0.092%	$56.5M	$42.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3479	−0.140%	$72.3M	$122.4M	75x	as long as short
BingX NEAR-USDTshort	+0.0100%	8h	4.3460	−0.184%	—	$141.8M	—
edgeX NEARUSDC	+0.0100%	4h	4.3270	−0.620%	$258K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3241	−0.687%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3290	−0.574%	$181K	$775K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3499	−0.094%	$204K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3170	−0.850%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3181	−0.825%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3360	−0.413%	$456K	$3.7M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3492	−0.109%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3507	−0.075%	$3.9M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3167	−0.856%	$201K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3250	−0.666%	$13.2M	$27.7M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0377% / S −0.0308%	1h	4.3458	−0.189%	$278K	—	100x	as long as short
Nado NEAR-PERP	+0.0411%	1h	4.3511	−0.066%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3527	−0.029%	$411K	$1.2M	10x	as long as short
Hyperliquid NEAR	+0.0453%	1h	4.3558	+0.041%	$369.7M	$301.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0488%	1h	4.3544	+0.009%	$1.3M	$5.9M	20x	as long as short
Lighter RH NEAR	+0.0496%	1h	4.3568	+0.064%	$1.6M	$7.0M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3218	−0.740%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0538%	1h	4.3188	−0.808%	$1.9M	$3.9M	25x	as long as short
Aftermath Perps NEARUSD	+0.1471%	1h	4.3328	−0.488%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1792%	1h	4.3618	+0.179%	$17.4M	$24.8M	15x	as long as short