Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.002%

Price spread now: Bybit against edgeX−0.666%71s7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as 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−$400.401% of the position

Long on edgeX Short on Bybit

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)+0.566%+$57 · spread now −0.666%, 7d avg −0.035%

Together, before fees+0.511%+ Points / potential airdropedgeX: Active · farm board+$51 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: Bybit is 0.631% cheaper against edgeX than usual: you would sell low and buy high, −$63 on $10k if it goes back to its 7-day average of −0.035%. The two prices were read 71 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	edgeX NEARUSDC	4.2986	0.0100	pay 0.0050% / 4h	46m 22s	$245K	$1.2M	20x
Short	Bybit NEARUSDT	4.2700	0.0099	get 0.0099% / 8h	46m 22s	$219.4M	$421.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.666%Rate

Funding earned: −$0.16
Price spread: −0.666% → −0.035%: −$63.08
Slippage, 4 orders: −$20.12
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$103.35
Costs to cover: 0.401%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; Bybit: live order book, 3 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, 2 min ago	7.01 bp	12.2 bp −$12	29.8 bp −$298	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.16 bp	7.4 bp −$7	12.9 bp −$129	33.0 bp −$3,301	151.7 bp −$75.9K

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	4.2690	−0.690%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2678	−0.717%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2739	−0.574%	$111K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2692	−0.685%	$401K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2712	−0.638%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.667%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2730	−0.596%	$108K	$496K	50x	as long as short
Bybit NEARUSDTshort	+0.0099%	8h	4.2700	−0.666%	$219.4M	$421.8M	75x
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2719	−0.623%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2732	−0.591%	$3.0M	$5.6M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.2765	−0.515%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2709	−0.644%	$252.9M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2720	−0.620%	$60.9M	$285.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2730	−0.596%	$201K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3000	+0.032%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2693	−0.682%	$30.1M	$58.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2700	−0.666%	$78.0M	$140.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2740	−0.573%	$56.0M	$43.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2697	−0.673%	$70.9M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2680	−0.713%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3020	+0.077%	$8.0M	$17.9M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.2986	long leg	$245K	$1.2M	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2963	−0.054%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2990	+0.008%	$180K	$788K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2741	−0.571%	$217K	$3.4M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2732	−0.592%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2730	−0.596%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2690	−0.689%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2700	−0.666%	$3.9M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2710	−0.644%	$4.0M	$15.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2720	−0.620%	$206K	$62K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2700	−0.665%	$7.4M	$36.9M	50x	as long as short
01 Exchange NEARUSD	+0.0200%	1h	4.2754	−0.541%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2730	−0.596%	$13.0M	$30.7M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0336%	1h	4.2707	−0.650%	$1.9M	$2.3M	25x	as long as short
Lighter RH NEAR	+0.0344%	1h	4.2791	−0.455%	$1.5M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0374% / S −0.0314%	1h	4.2702	−0.663%	$274K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2762	−0.522%	$412K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0431%	1h	4.2742	−0.568%	$1.3M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2919	−0.157%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0814%	1h	4.2705	−0.654%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0879%	8h	4.2760	−0.527%	$457K	$3.7M	75x	as long as short
Hyperliquid NEAR	+0.1161%	1h	4.2770	−0.503%	$368.6M	$298.2M	10x	as long as short
Aftermath Perps NEARUSD	+0.1171%	1h	4.2947	−0.092%	$5K	$11K	10x	as long as short
Lighter NEAR	+0.1920%	1h	4.2860	−0.294%	$16.5M	$23.7M	15x	as long as short