Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0538%/8h= −58.9% APRpaid last 24h −0.064%

Price spread now: edgeX against Arcus+0.258%7-day average −0.036% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.355%−$35 on $10k

Price spread, last 7 days−0.272%−$27 · spread now +0.258%, 7d avg −0.036%

Together, before fees−0.627%+ Points / potential airdropedgeX: Active · farm board−$63 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.294% dearer against Arcus than usual: you sell high and buy low (spread +0.258% now, against its 7-day average of −0.036%): +$29 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.3610	0.0638	pay 0.0080% / 1h	5m 02s	$228K	$1.5M	10x
Short	edgeX NEARUSDC	4.3722	0.0100	get 0.0050% / 4h	5m 02s	$253K	$896K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.258%Rate

Funding earned: −$112.91
Price spread: +0.258% → −0.036%: $29.4
Slippage, 4 orders: −$27.3
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$124.31
Costs to cover: 0.408%
Break-even: never at this rate

Slippage from Arcus: live order book, 4 min ago; edgeX: live order book, 24 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, 4 min ago	2.28 bp	9.0 bp −$9	16.6 bp −$166	doesn't fit	doesn't fit
Sell edgeX live order book, 24 min ago	8.05 bp	13.5 bp −$14	27.6 bp −$276	doesn't fit	doesn't fit

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	4.3591	−0.044%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3527	−0.191%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3640	+0.070%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3642	+0.074%	$7.2M	$38.6M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.045%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3570	−0.092%	$114K	$499K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3680	+0.161%	$220.7M	$429.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3670	+0.138%	$61.6M	$296.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	+0.321%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3665	+0.126%	$35.9M	$63.1M	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	4.3670	+0.138%	$52.9M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3710	+0.229%	$72.3M	$128.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3549	−0.140%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDCshort	+0.0100%	4h	4.3722	+0.258%	$253K	$896K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3681	+0.164%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3680	+0.161%	$167K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3608	−0.005%	$274K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3614	+0.009%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3630	+0.046%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3626	+0.037%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3650	+0.092%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3537	−0.168%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3608	−0.005%	$3.6M	$16.5M	25x	as long as short
Aster NEARUSDT	+0.0111%	8h	4.3684	+0.170%	$2.7M	$4.8M	50x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3631	+0.048%	$203K	$38K	3x	as long as short
Hyperliquid NEAR	+0.0140%	1h	4.3744	+0.307%	$352.6M	$316.1M	10x	as long as short
Binance NEARUSDT	+0.0146%	8h	4.3690	+0.183%	$263.9M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0149%	8h	4.3680	+0.161%	$89.3M	$154.6M	200x	as long as short
HTX NEAR-USDT	+0.0157%	8h	4.3670	+0.138%	$465K	$3.8M	75x	as long as short
BingX NEAR-USDC	+0.0162%	8h	4.3720	+0.252%	—	$6.7M	—	as long as short
Kalshi KXNEARPERP	+0.0172%	8h	4.3557	−0.122%	$951K	$25.1M	2.2x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.3610	0.000%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0266%	8h	4.3670	+0.138%	$13.4M	$32.2M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0241%	1h	4.3646	+0.084%	$254K	—	100x	as long as short
Nado NEAR-PERP	+0.0370%	1h	4.3597	−0.031%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0468%	1h	4.3716	+0.243%	$1.1M	$7.2M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3572	−0.087%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0496%	1h	4.3692	+0.188%	$1.5M	$6.8M	10x	as long as short
Lighter NEAR	+0.0536%	1h	4.3713	+0.237%	$17.2M	$25.4M	15x	as long as short
Arcus NEAR-USDlong	+0.0638%	1h	4.3610	long leg	$228K	$1.5M	10x
Deribit NEAR_USDC-PERPETUAL	+0.0828%	1h	4.3643	+0.076%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3556	−0.124%	$411K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3865	+0.585%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3597	−0.030%	$604K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1124%	1h	4.3620	+0.022%	$5K	$7K	10x	as long as short