Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0460%/8h= +50.3% APRpaid last 24h +0.064%

Price spread now: Arcus against BingX0.000%7-day average +0.046% · 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−$35as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on BingX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.360%+$36 on $10k

Price spread, last 7 days0.000%$0 · spread now 0.000%, 7d avg +0.046%

Together, before fees+0.360%+$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.046% cheaper against BingX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.046%). If the spread goes back, that is −$5 on $10k: about 8 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NEAR-USDT	4.3650	0.0178	pay 0.0178% / 8h	13m 36s	—	$144.3M	—
Short	Arcus NEAR-USD	4.3650	0.0638	get 0.0080% / 1h	13m 36s	$230K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now 0.000%Rate

Funding earned: $96.53
Price spread: 0.000% → +0.046%: −$4.57
Slippage, 4 orders: −$16.13
Fee BingX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $61.34
Costs to cover: 0.306%
Break-even: 2.6 days

Slippage from BingX: live order book, 6 min ago; Arcus: live order book, just now.

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, 6 min ago	1.15 bp	12.0 bp −$12	12.9 bp −$129	20.7 bp −$2,074	43.7 bp −$21.8K
Sell Arcus live order book, just now	3.43 bp	5.7 bp −$6	8.6 bp −$86	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	4.3615	−0.080%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3639	−0.026%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3625	−0.058%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3631	−0.043%	$7.1M	$38.4M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.132%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3620	−0.069%	$113K	$498K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3580	−0.160%	$220.1M	$428.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3560	−0.206%	$61.2M	$295.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3601	−0.113%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3634	−0.037%	$35.8M	$62.8M	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	+0.046%	$52.9M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3630	−0.046%	$72.1M	$127.9M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3658	+0.019%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3647	−0.008%	$253K	$902K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3636	−0.032%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3640	−0.023%	$166K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3612	−0.087%	$277K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3681	+0.071%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3740	+0.206%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3670	+0.046%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3660	+0.023%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3666	+0.036%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3623	−0.061%	$3.6M	$16.7M	25x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3680	+0.069%	$203K	$38K	3x	as long as short
Aster NEARUSDT	+0.0135%	8h	4.3629	−0.047%	$2.7M	$4.8M	50x	as long as short
Hyperliquid NEAR	+0.0145%	1h	4.3704	+0.124%	$352.2M	$316.0M	10x	as long as short
HTX NEAR-USDT	+0.0152%	8h	4.3660	+0.023%	$465K	$3.8M	75x	as long as short
Binance NEARUSDT	+0.0162%	8h	4.3609	−0.093%	$264.1M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0165%	8h	4.3640	−0.023%	$88.9M	$153.0M	200x	as long as short
Kalshi KXNEARPERP	+0.0177%	8h	4.3669	+0.044%	$981K	$25.1M	2.2x	as long as short
BingX NEAR-USDTlong	+0.0178%	8h	4.3650	long leg	—	$144.3M	—
01 Exchange NEARUSD	+0.0240%	1h	4.3612	−0.087%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0288%	8h	4.3620	−0.069%	$13.3M	$32.2M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0338% / S −0.0237%	1h	4.3626	−0.055%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0385%	1h	4.3576	−0.170%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0461%	1h	4.3694	+0.101%	$1.0M	$7.1M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3667	+0.039%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0520%	1h	4.3715	+0.149%	$1.5M	$6.7M	10x	as long as short
Lighter NEAR	+0.0552%	1h	4.3719	+0.159%	$17.2M	$25.4M	15x	as long as short
Arcus NEAR-USDshort	+0.0638%	1h	4.3650	0.000%	$230K	$1.5M	10x
Deribit NEAR_USDC-PERPETUAL	+0.0643%	1h	4.3699	+0.112%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3662	+0.028%	$411K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3794	+0.330%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3611	−0.089%	$609K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1130%	1h	4.3611	−0.090%	$5K	$7K	10x	as long as short