Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.044%

Price spread now: Coinbase International against edgeX−0.140%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$530.527% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.230%−$23 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.140%, 7d avg −0.023%

Together, before fees−0.200%+ Points / potential airdropedgeX: Active · farm board−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Coinbase International is 0.118% cheaper against edgeX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.023%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.4159	0.0100	pay 0.0050% / 4h	13m 31s	$265K	$980K	20x
Short	Coinbase International NEAR-PERP-INTX	4.4097	−0.0008	pay 0.0001% / 1h	13m 31s	$2.2M	$15.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.140%Rate

Funding earned: −$22.68
Price spread: −0.140% → −0.023%: −$11.77
Slippage, 4 orders: −$33.67
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$87.12
Costs to cover: 0.527%
Break-even: never at this rate

Slippage from edgeX: live order book, 35 min ago; Coinbase International: live order book, 6 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, 35 min ago	10.08 bp	14.9 bp −$15	33.0 bp −$330	doesn't fit	doesn't fit
Sell Coinbase International live order book, 6 min ago	4.29 bp	10.3 bp −$10	20.1 bp −$201	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	4.4160	+0.002%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTXshort	−0.0008%	1h	4.4097	−0.140%	$2.2M	$15.6M	50x
dYdX NEAR-USD	0.0000%	1h	4.4210	+0.115%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4082	−0.174%	$619K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4168	+0.020%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.225%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4190	+0.070%	$113K	$518K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4202	+0.098%	$420K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4210	+0.115%	$271.9M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4195	+0.081%	$222.5M	$424.1M	75x	as long as short

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	4.4200	+0.093%	$63.1M	$299.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4054	−0.237%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4177	+0.041%	$32.2M	$64.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4200	+0.093%	$75.0M	$150.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4220	+0.138%	$55.0M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4181	+0.050%	$72.6M	$130.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4180	+0.048%	—	$147.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4137	−0.049%	$8.6M	$18.1M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.4159	long leg	$265K	$980K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4070	−0.202%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4090	−0.156%	$170K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4219	+0.136%	$244K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4186	+0.061%	$56K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4160	+0.002%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4160	+0.002%	$457K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4100	−0.134%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4205	+0.104%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4095	−0.145%	$205K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0163%	1h	4.4055	−0.236%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4190	+0.070%	$13.8M	$32.9M	75x	as long as short
Aster NEARUSDT	+0.0307%	8h	4.4210	+0.115%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0190%	1h	4.4167	+0.019%	$234K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0331%	1h	4.4089	−0.159%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0344%	1h	4.4249	+0.204%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0374%	1h	4.4257	+0.222%	$365.1M	$324.9M	10x	as long as short
Extended NEAR-USD	+0.0416%	1h	4.4191	+0.072%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0549%	1h	4.4197	+0.087%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4250	+0.206%	$218K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0589%	1h	4.4072	−0.197%	$8.1M	$39.6M	50x	as long as short
Lighter RH NEAR	+0.0672%	1h	4.4217	+0.131%	$1.5M	$7.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0726%	1h	4.4087	−0.163%	$2.0M	$7.3M	25x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4173	+0.032%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4253	+0.213%	$592K	$1.4M	10x	as long as short
Lighter NEAR	+0.0968%	1h	4.4233	+0.168%	$17.8M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1574%	1h	4.4205	+0.105%	$5K	$12K	10x	as long as short