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 +0.009%

Price spread now: MEXC against Bybit+0.102%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$230.225% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 7 days−0.060%−$6 · spread now +0.102%, 7d avg +0.023%

Together, before fees−0.039%−$4 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: MEXC is 0.079% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NEARUSDT	4.4025	0.0100	pay 0.0100% / 8h	4h 36m	$221.3M	$424.8M	75x
Short	MEXC NEAR_USDT	4.4070	0.0100	get 0.0100% / 8h	4h 36m	$74.9M	$148.5M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.102%Rate

Funding earned: $0
Price spread: +0.102% → +0.023%: $7.88
Slippage, 4 orders: −$11.51
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$14.64
Costs to cover: 0.225%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 2 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, 2 min ago	1.13 bp	8.8 bp −$9	15.9 bp −$159	41.0 bp −$4,099	136.8 bp −$68.4K
Sell MEXC live order book, 2 min ago	1.13 bp	1.2 bp −$1	4.4 bp −$44	33.0 bp −$3,297	72.2 bp −$36.1K

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	4.3949	−0.174%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.3977	−0.109%	$2.2M	$15.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4070	+0.102%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3968	−0.129%	$609K	$22.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3989	−0.082%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.940%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3990	−0.080%	$116K	$514K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4074	+0.111%	$421K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4100	+0.170%	$269.7M	$1.10B	75x	as long as short
Bybit NEARUSDTlong	+0.0100%	8h	4.4025	long leg	$221.3M	$424.8M	75x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4030	+0.011%	$62.5M	$299.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4550	+1.193%	$254K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4069	+0.100%	$32.0M	$63.3M	75x	as long as short
MEXC NEAR_USDTshort	+0.0100%	8h	4.4070	+0.102%	$74.9M	$148.5M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.4070	+0.102%	$54.8M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4049	+0.055%	$72.4M	$130.3M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4060	+0.080%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4567	+1.231%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4195	+0.386%	$265K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4605	+1.318%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4150	+0.284%	$170K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3984	−0.093%	$235K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4024	−0.002%	$56K	$217K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4120	+0.216%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4015	−0.023%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4090	+0.148%	$457K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4030	+0.011%	$3.8M	$8.5M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4001	−0.054%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4037	+0.027%	$205K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0156%	1h	4.4100	+0.171%	$363.7M	$324.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0192%	1h	4.4022	−0.007%	$1.3M	$6.6M	20x	as long as short
Extended NEAR-USD	+0.0200%	1h	4.4054	+0.066%	$4.0M	$19.6M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4000	−0.057%	$13.8M	$32.7M	75x	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.4014	−0.025%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0286%	8h	4.4072	+0.107%	$3.0M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0329% / S −0.0206%	1h	4.3994	−0.071%	$239K	—	100x	as long as short
Lighter RH NEAR	+0.0448%	1h	4.4116	+0.207%	$1.5M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0572%	1h	4.3948	−0.174%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4060	+0.080%	$221K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0590%	1h	4.4040	+0.033%	$8.1M	$39.9M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0591%	1h	4.4038	+0.030%	$1.9M	$6.8M	25x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4338	+0.711%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.0880%	1h	4.4159	+0.305%	$17.8M	$26.3M	15x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4033	+0.018%	$559K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1564%	1h	4.4369	+0.782%	$6K	$12K	10x	as long as short