Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +11.0% APRpaid last 24h 0.000%

Price spread now: Binance against edgeX−0.794%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 7 days+0.836%+$84 · spread now −0.794%, 7d avg +0.011%

Together, before fees+0.796%+ Points / potential airdropedgeX: Active · farm board+$80 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.805% cheaper against edgeX than usual: you would sell low and buy high (spread −0.794% now, against its 7-day average of +0.011%). If the spread goes back, that is −$80 on $10k: about 27 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.4291	0.0100	pay 0.0050% / 4h	1h 29m	$259K	$967K	20x
Short	Binance NEARUSDT	4.3940	0.0200	get 0.0200% / 8h	1h 29m	$268.2M	$1.09B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now −0.794%Rate

Funding earned: $21.08
Price spread: −0.794% → +0.011%: −$80.47
Slippage, 4 orders: −$20.15
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$98.55
Costs to cover: 0.391%
Break-even: 39.7 days

Slippage from edgeX: live order book, 5 min ago; Binance: live order book, 15 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 edgeX live order book, 5 min ago	6.77 bp	12.4 bp −$12	31.6 bp −$316	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	1.11 bp	7.5 bp −$8	12.2 bp −$122	34.5 bp −$3,452	106.6 bp −$53.3K

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	4.3933	−0.808%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4143	−0.334%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4222	−0.156%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.505%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4030	−0.589%	$111K	$491K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3904	−0.874%	$222.5M	$435.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3900	−0.883%	$62.1M	$294.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4350	+0.133%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3888	−0.910%	$35.3M	$61.5M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3940	−0.792%	$53.2M	$46.2M	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	4.3890	−0.905%	$72.6M	$127.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4217	−0.166%	$8.8M	$18.7M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.4291	long leg	$259K	$967K	20x
ApeX Omni NEARUSDT	+0.0100%	1h	4.4270	−0.047%	$167K	$805K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3992	−0.675%	$299K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3964	−0.738%	$59K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4010	−0.634%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4010	−0.634%	$462K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3990	−0.680%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0105%	8h	4.4080	−0.477%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0113%	8h	4.4260	−0.070%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.3965	−0.736%	$204K	$38K	3x	as long as short
SoDEX NEAR-USD	+0.0185%	1h	4.3965	−0.736%	$5K	$53K	10x	as long as short
BingX NEAR-USDT	+0.0194%	8h	4.3910	−0.860%	—	$144.1M	—	as long as short
MEXC NEAR_USDT	+0.0200%	8h	4.3930	−0.815%	$79.2M	$148.4M	200x	as long as short
Binance NEARUSDTshort	+0.0200%	8h	4.3940	−0.794%	$268.2M	$1.09B	75x
Extended NEAR-USD	+0.0216%	1h	4.3929	−0.816%	$3.7M	$18.4M	25x	as long as short
Kalshi KXNEARPERP	+0.0265%	8h	4.4060	−0.522%	$1.0M	$25.0M	2.2x	as long as short
Aster NEARUSDT	+0.0313%	8h	4.3948	−0.775%	$2.8M	$5.0M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0197%	1h	4.4211	−0.181%	$234K	—	100x	as long as short
BloFin NEAR-USDT	+0.0320%	8h	4.3920	−0.838%	$13.7M	$32.4M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4046	−0.553%	$2.3M	$16.6M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0430%	1h	4.3917	−0.844%	$1.4M	$6.8M	20x	as long as short
01 Exchange NEARUSD	+0.0456%	1h	4.4054	−0.535%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0470%	1h	4.3928	−0.820%	$358.8M	$314.5M	10x	as long as short
Nado NEAR-PERP	+0.0611%	1h	4.3975	−0.713%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0664%	1h	4.3921	−0.834%	$7.3M	$38.3M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0706%	1h	4.3966	−0.734%	$1.9M	$13.1M	25x	as long as short
Lighter NEAR	+0.0840%	1h	4.4002	−0.652%	$17.3M	$25.2M	15x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4150	−0.318%	$224K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0912%	1h	4.3995	−0.668%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4297	+0.014%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4042	−0.562%	$420K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4204	−0.197%	$669K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1271%	1h	4.4286	−0.010%	$6K	$12K	10x	as long as short