Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0356%/8h= +39.0% APRpaid last 24h +0.011%

Price spread now: Extended against edgeX+0.120%7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 7 days−0.056%−$6 · spread now +0.120%, 7d avg −0.049%

Together, before fees−0.064%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Extended is 0.169% dearer against edgeX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.049%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.008% in total (about -0.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.4038	0.0100	pay 0.0050% / 4h	2h 04m	$257K	$964K	20x
Short	Extended NEAR-USD	4.4091	0.0456	get 0.0057% / 1h	4m 56s	$3.7M	$19.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.120%Rate

Funding earned: $74.76
Price spread: +0.120% → −0.049%: $16.93
Slippage, 4 orders: −$21.72
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $55.97
Costs to cover: 0.357%
Break-even: 1.8 days

Slippage from edgeX: live order book, 34 min ago; Extended: live order book, 4 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, 34 min ago	6.99 bp	13.0 bp −$13	41.1 bp −$411	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.69 bp	5.0 bp −$5	13.3 bp −$133	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	4.4098	+0.137%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4157	+0.270%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4048	+0.024%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.967%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4140	+0.232%	$117K	$497K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4090	+0.119%	$221.6M	$423.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4080	+0.096%	$62.3M	$293.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3500	−1.221%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4100	+0.142%	$33.6M	$61.3M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4150	+0.255%	$53.2M	$46.0M	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	4.4095	+0.130%	$72.7M	$127.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4197	+0.362%	$8.9M	$18.4M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.4038	long leg	$257K	$964K	20x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4140	+0.232%	$283K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4068	+0.069%	$57K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4130	+0.210%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4180	+0.323%	$468K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4070	+0.073%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4163	+0.284%	$32K	$608	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0111%	8h	4.4060	+0.051%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.4080	+0.096%	$205K	$40K	3x	as long as short
BingX NEAR-USDC	+0.0130%	8h	4.4100	+0.142%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0137%	8h	4.4130	+0.210%	$83.8M	$146.6M	200x	as long as short
Binance NEARUSDT	+0.0142%	8h	4.4132	+0.214%	$268.2M	$1.09B	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.4121	+0.189%	$2.3M	$16.3M	50x	as long as short
BloFin NEAR-USDT	+0.0262%	8h	4.4150	+0.255%	$13.3M	$32.6M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0201%	1h	4.4067	+0.066%	$236K	—	100x	as long as short
Kalshi KXNEARPERP	+0.0314%	8h	4.4234	+0.446%	$1.0M	$24.7M	2.2x	as long as short
Aster NEARUSDT	+0.0342%	8h	4.4140	+0.232%	$2.8M	$5.2M	50x	as long as short
Nado NEAR-PERP	+0.0388%	1h	4.4136	+0.224%	$1.7M	$3.2M	10x	as long as short
ApeX Omni NEARUSDT	+0.0434%	1h	4.4030	−0.017%	$168K	$797K	50x	as long as short
Extended NEAR-USDshort	+0.0456%	1h	4.4091	+0.120%	$3.7M	$19.2M	25x
SoDEX NEAR-USD	+0.0498%	1h	4.4085	+0.107%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0676%	1h	4.4172	+0.305%	$363.4M	$311.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0698%	1h	4.4127	+0.203%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0712%	1h	4.4198	+0.364%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0717%	1h	4.4081	+0.098%	$7.3M	$39.2M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.4190	+0.346%	$229K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.4195	+0.358%	$405K	$1.4M	10x	as long as short
Lighter NEAR	+0.0928%	1h	4.4166	+0.292%	$17.3M	$25.3M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.4241	+0.462%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1112%	1h	4.4157	+0.271%	$1.5M	$7.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.4164	+0.287%	$708K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1251%	1h	4.3841	−0.448%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1681%	1h	4.4115	+0.176%	$2.0M	$12.1M	25x	as long as short