Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0045%/8h= −4.9% APRpaid last 24h +0.001%

Price spread now: Aevo against BingX+0.100%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1551.553% of the position

Long on BingX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.100%, 7d avg +0.032%

Together, before fees+0.140%+$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 0.069% dearer against BingX than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of +0.032%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.086%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NEAR-USDC	4.4810	0.0165	pay 0.0165% / 8h	1h 47m	—	$6.6M	—
Short	Aevo NEAR-PERP	4.4855	0.0120	get 0.0015% / 1h	47m 59s	$209K	$40K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BingX. 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 BingXbpFee AevobpOrdersPrice spread, now +0.100%Rate

Funding earned: −$9.45
Price spread: +0.100% → +0.032%: $6.86
Slippage, 4 orders: −$129.27
Fee BingX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$157.86
Costs to cover: 1.553%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Aevo: live order book, 61 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 BingX live order book, 4 min ago	1.13 bp	13.2 bp −$13	29.3 bp −$293	65.9 bp −$6,594	295.0 bp −$147.5K
Sell Aevo live order book, 61 min ago	9.34 bp	62.3 bp −$62	doesn't fit	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	4.4806	−0.008%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4787	−0.050%	$110K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4789	−0.046%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.588%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4840	+0.067%	$110K	$499K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4800	−0.022%	$230.4M	$428.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4780	−0.067%	$63.2M	$299.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4366	−0.991%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4797	−0.029%	$34.9M	$60.0M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4810	0.000%	$53.5M	$45.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4762	−0.107%	$74.1M	$126.2M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4568	−0.541%	$8.9M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4503	−0.685%	$260K	$964K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4869	+0.132%	$280K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4834	+0.054%	$58K	$233K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4880	+0.156%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4900	+0.201%	$469K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4810	0.000%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0107%	8h	4.4829	+0.042%	$32K	$585	10x	as long as short
Aevo NEAR-PERPshort	+0.0120%	1h	4.4855	+0.100%	$209K	$40K	3x
GRVT NEAR_USDT_Perp	+0.0122%	8h	4.4641	−0.376%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0132%	1h	4.4470	−0.759%	$168K	$803K	50x	as long as short
BingX NEAR-USDClong	+0.0165%	8h	4.4810	long leg	—	$6.6M	—
MEXC NEAR_USDT	+0.0175%	8h	4.4820	+0.022%	$86.3M	$144.9M	200x	as long as short
Binance NEARUSDT	+0.0181%	8h	4.4830	+0.045%	$272.1M	$1.09B	75x	as long as short
SoDEX NEAR-USD	+0.0279%	1h	4.4825	+0.033%	$5K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0296%	8h	4.4950	+0.312%	$13.7M	$33.2M	75x	as long as short
Kalshi KXNEARPERP	+0.0303%	8h	4.4855	+0.100%	$1.1M	$24.9M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0316% / S −0.0201%	1h	4.4797	−0.029%	$240K	—	100x	as long as short
Aster NEARUSDT	+0.0344%	8h	4.4810	0.000%	$2.9M	$5.0M	50x	as long as short
Extended NEAR-USD	+0.0368%	1h	4.4763	−0.106%	$3.7M	$19.0M	25x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.5100	+0.647%	$2.3M	$16.6M	50x	as long as short
Nado NEAR-PERP	+0.0496%	1h	4.4815	+0.011%	$1.8M	$3.2M	10x	as long as short
01 Exchange NEARUSD	+0.0544%	1h	4.4828	+0.040%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0617%	1h	4.4832	+0.049%	$1.3M	$6.5M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0651%	1h	4.4808	−0.005%	$7.4M	$38.3M	50x	as long as short
Hyperliquid NEAR	+0.0706%	1h	4.4844	+0.076%	$369.3M	$307.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0866%	1h	4.4855	+0.100%	$2.0M	$12.3M	25x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4890	+0.179%	$228K	$1.6M	10x	as long as short
Lighter NEAR	+0.0976%	1h	4.4889	+0.176%	$17.6M	$24.7M	15x	as long as short
Phoenix NEAR	+0.1003%	1h	4.5001	+0.426%	$1.9M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1040%	1h	4.4886	+0.170%	$1.5M	$6.6M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4830	+0.044%	$413K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1197%	1h	4.4609	−0.448%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4862	+0.116%	$682K	$1.4M	10x	as long as short