Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance+0.122%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$290.295% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days−0.136%−$14 · spread now +0.122%, 7d avg −0.017%

Together, before fees−0.182%−$18 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 0.139% dearer against Binance than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.3477	0.0100	pay 0.0100% / 8h	7h 04m	$259.4M	$1.05B	75x
Short	BingX NEAR-USDT	4.3530	0.0100	get 0.0100% / 8h	7h 04m	—	$141.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now +0.122%Rate

Funding earned: $0
Price spread: +0.122% → −0.017%: $13.9
Slippage, 4 orders: −$9.47
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$15.57
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; BingX: live order book, 4 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 Binance live order book, 9 min ago	1.15 bp	8.3 bp −$8	13.9 bp −$139	38.7 bp −$3,867	105.4 bp −$52.7K
Sell BingX live order book, 4 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	4.3097	−0.875%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3211	−0.612%	$7.9M	$38.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3161	−0.727%	$2.1M	$13.1M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3200	−0.637%	$360K	$18.8M	2.2x	as long as short
dYdX NEAR-USD	+0.0004%	1h	4.3102	−0.863%	$112K	$64K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3159	−0.730%	$159K	—	150x	as long as short
Variational Omni NEAR	+0.0010%	8h	4.3057	−0.966%	$8.2M	$18.8M	—	as long as short
Phemex NEARUSDT	+0.0021%	8h	4.3340	−0.315%	$3.9M	$8.4M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.754%	$578	$302K	12x	as long as short
01 Exchange NEARUSD	+0.0040%	1h	4.3165	−0.718%	$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	4.3110	−0.844%	$115K	$474K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3179	−0.686%	$57K	$162K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3080	−0.913%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3220	−0.592%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3106	−0.853%	$401K	$1.2M	10x	as long as short
Binance NEARUSDTlong	+0.0100%	8h	4.3477	long leg	$259.4M	$1.05B	75x
Bybit NEARUSDT	+0.0100%	8h	4.3490	+0.030%	$222.7M	$416.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3480	+0.007%	$61.5M	$278.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3180	−0.683%	$205K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3243	−0.539%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3503	+0.060%	$31.2M	$61.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3570	+0.214%	$76.3M	$142.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3540	+0.145%	$56.5M	$42.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3483	+0.014%	$72.4M	$122.5M	75x	as long as short
BingX NEAR-USDTshort	+0.0100%	8h	4.3530	+0.122%	—	$141.7M	—
edgeX NEARUSDC	+0.0100%	4h	4.3270	−0.476%	$258K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3241	−0.543%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3290	−0.430%	$181K	$775K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3137	−0.782%	$204K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3170	−0.706%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3181	−0.681%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3360	−0.269%	$456K	$3.7M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3487	+0.024%	$3.9M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3167	−0.713%	$201K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3250	−0.522%	$13.2M	$27.7M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0308%	1h	4.3126	−0.807%	$276K	—	100x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3176	−0.693%	$404K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0439%	1h	4.3097	−0.875%	$1.9M	$3.1M	10x	as long as short
Hyperliquid NEAR	+0.0444%	1h	4.3497	+0.046%	$369.2M	$301.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0488%	1h	4.3544	+0.154%	$1.3M	$5.9M	20x	as long as short
Lighter RH NEAR	+0.0496%	1h	4.3262	−0.495%	$1.6M	$7.0M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3218	−0.596%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0538%	1h	4.3188	−0.665%	$1.9M	$3.9M	25x	as long as short
Aftermath Perps NEARUSD	+0.1497%	1h	4.3203	−0.630%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1792%	1h	4.3403	−0.170%	$17.3M	$24.7M	15x	as long as short