Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0019%/8h= +2.1% APRpaid last 24h +0.002%

Price spread now: edgeX against Bybit+0.065%81s7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.410% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$6 on $10k

Price spread, last 3 days (all we have)+0.036%+$4 · spread now +0.065%, 7d avg +0.035%

Together, before fees+0.091%+ Points / potential airdropedgeX: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.029% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.035%. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NEARUSDT	4.2632	0.0081	pay 0.0081% / 8h	38m 09s	$218.4M	$421.9M	75x
Short	edgeX NEARUSDC	4.2660	0.0100	get 0.0050% / 4h	38m 09s	$243K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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 BybitbpFee edgeXbpOrdersPrice spread, now +0.065%Rate

Funding earned: $3.95
Price spread: +0.065% → +0.035%: $2.92
Slippage, 4 orders: −$21
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$34.13
Costs to cover: 0.410%
Break-even: 67.5 days

Slippage from Bybit: live order book, 1 min ago; edgeX: live order book, 1 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 Bybit live order book, 1 min ago	1.17 bp	7.8 bp −$8	12.1 bp −$121	30.5 bp −$3,045	164.7 bp −$82.4K
Sell edgeX live order book, 1 min ago	7.04 bp	11.7 bp −$12	67.8 bp −$678	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	4.2641	+0.020%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2750	+0.277%	$2.2M	$13.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2749	+0.274%	$111K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2706	+0.174%	$398K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2673	+0.096%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.866%	$578	$302K	12x	as long as short
Bybit NEARUSDTlong	+0.0081%	8h	4.2632	long leg	$218.4M	$421.9M	75x
Variational Omni NEAR	+0.0087%	8h	4.2660	+0.065%	$7.8M	$18.2M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2650	+0.042%	$109K	$496K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2726	+0.220%	$31K	$647	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.2712	+0.187%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2764	+0.309%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2650	+0.042%	$253.0M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2650	+0.042%	$60.8M	$284.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2700	+0.160%	$202K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2674	+0.099%	$243K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2665	+0.077%	$30.0M	$59.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2670	+0.089%	$78.1M	$141.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2700	+0.160%	$55.8M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2654	+0.052%	$70.9M	$126.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2660	+0.066%	—	$138.8M	—	as long as short
edgeX NEARUSDCshort	+0.0100%	4h	4.2660	+0.065%	$243K	$1.2M	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2670	+0.089%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2710	+0.183%	$178K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2671	+0.091%	$198K	$3.4M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2674	+0.099%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2690	+0.136%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2662	+0.070%	$13K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2690	+0.136%	$3.9M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2646	+0.033%	$4.0M	$15.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2661	+0.067%	$205K	$62K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2696	+0.149%	$7.6M	$37.2M	50x	as long as short
01 Exchange NEARUSD	+0.0136%	1h	4.2665	+0.077%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2730	+0.230%	$13.0M	$30.7M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0374% / S −0.0313%	1h	4.2672	+0.094%	$273K	—	100x	as long as short
Lighter RH NEAR	+0.0376%	1h	4.2726	+0.220%	$1.5M	$7.0M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0383%	1h	4.2705	+0.171%	$1.9M	$2.3M	25x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2678	+0.107%	$416K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0449%	1h	4.2713	+0.190%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2717	+0.199%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0772%	1h	4.2643	+0.026%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0850%	8h	4.2810	+0.418%	$458K	$3.7M	75x	as long as short
Hyperliquid NEAR	+0.0951%	1h	4.2725	+0.218%	$367.0M	$298.2M	10x	as long as short
Aftermath Perps NEARUSD	+0.1192%	1h	4.2753	+0.283%	$5K	$11K	10x	as long as short
Lighter NEAR	+0.1776%	1h	4.2785	+0.359%	$16.4M	$23.7M	15x	as long as short