Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0239%/8h= −26.2% APRpaid last 24h +0.117%
Price spread now: Kraken Futures against edgeX−0.059%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$590.589% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.195%+$20 on $10k
Price spread, last 4 days (all we have)+0.352%+$35 · spread now −0.059%, 7d avg +0.034%
Together, before fees+0.547%+ Points / potential airdropedgeX: Active · farm board+$55 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Kraken Futures is 0.094% cheaper against edgeX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.034%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.195%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX NEARUSDC4.53780.0100pay 0.0050% / 4h2h 57m$268K$880K20x
ShortKraken Futures PF_NEARUSD4.5351−0.0139pay 0.0017% / 1h57m 03s$7.4M$38.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Funding earned
−$50.27
Price spread: −0.059% → +0.034%
−$9.36
Slippage, 4 orders
−$39.92
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$118.55
Costs to cover
0.589%
Break-even
never at this rate
Slippage from edgeX: live order book, 27 min ago; Kraken Futures: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 27 min ago6.78 bp11.9 bp −$1230.2 bp −$302doesn't fitdoesn't fit
Sell Kraken Futures live order book, 2 min ago5.64 bp14.0 bp −$1416.8 bp −$16898.7 bp −$9,873doesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.5317−0.136%$2K20xas long as short
Kraken Futures PF_NEARUSDshort−0.0139%1h4.5351−0.059%$7.4M$38.6M50x
dYdX NEAR-USD0.0000%1h4.5340−0.085%$110K$53K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.5437+0.129%$170K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−8.745%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.5370−0.018%$120K$521K50xas long as short
Aster NEARUSDT+0.0100%8h4.5260−0.262%$2.7M$4.7M50xas long as short
Binance NEARUSDT+0.0100%8h4.5263−0.254%$275.0M$1.10B75xas long as short
Bybit NEARUSDT+0.0100%8h4.5280−0.217%$235.3M$435.0M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.5260−0.261%$64.4M$309.6M50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus NEAR-USD+0.0100%1h4.5370−0.018%$234K$1.4M10xas long as short
Bulk NEAR-USD+0.0100%1h4.5308−0.156%$261K$3K10xas long as short
Gate NEAR_USDT+0.0100%8h4.5264−0.252%$38.9M$61.2M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.5320−0.129%$82.9M$162.4M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.5350−0.063%$53.9M$45.7M75xas long as short
Bitget NEARUSDT+0.0100%8h4.5229−0.329%$74.7M$128.4M75xas long as short
BingX NEAR-USDC+0.0100%8h4.5280−0.217%$6.7Mas long as short
Variational Omni NEAR+0.0100%8h4.5317−0.136%$9.4M$17.8Mas long as short
edgeX NEARUSDClong+0.0100%4h4.5378long leg$268K$880K20x
GRVT NEAR_USDT_Perp+0.0100%8h4.5362−0.036%$1.5M$1.6M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.5390+0.026%$169K$826K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.5370−0.018%$282K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.5368−0.023%$59K$269K20xas long as short
SunX NEAR-USDT+0.0100%8h4.5410+0.070%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.5365−0.029%$5K$44K10xas long as short
Phemex NEARUSDT+0.0100%8h4.5320−0.129%$3.5M$8.0M50xas long as short
Extended NEAR-USD+0.0104%1h4.5253−0.277%$3.8M$15.0M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.5380+0.005%$211K$38K3xas long as short
Paradex NEAR-USD-PERP+0.0109%8h4.5403+0.054%$33K$41310xas long as short
Kalshi KXNEARPERP+0.0125%8h4.5402+0.052%$860K$25.5M2.2xas long as short
HTX NEAR-USDT+0.0192%8h4.5340−0.085%$478K$3.8M75xas long as short
BloFin NEAR-USDT+0.0220%8h4.5380+0.004%$12.8M$33.4M75xas long as short
Hyperliquid NEAR+0.0276%1h4.5346−0.071%$368.3M$321.8M10xas long as short
01 Exchange NEARUSD+0.0296%1h4.5352−0.058%$13K$5K10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0347% / S −0.0242%1h4.5333−0.101%$265K100xas long as short
Lighter NEAR+0.0384%1h4.5397+0.041%$17.8M$23.4M15xas long as short
Coinbase International NEAR-PERP-INTX+0.0520%1h4.5372−0.014%$2.4M$18.0M50xas long as short
RISEx NEAR/USDC+0.0569%1h4.5341−0.083%$648K$1.6M10xas long as short
Lighter RH NEAR+0.0688%1h4.5413+0.076%$1.6M$6.0M10xas long as short
Nado NEAR-PERP+0.0707%1h4.5315−0.140%$1.7M$3.2M10xas long as short
Phoenix NEAR+0.0740%1h4.5602+0.493%$1.8M$2.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0782%1h4.5325−0.118%$1.1M$7.2M20xas long as short
Pacifica NEAR+0.0883%1h4.5379+0.001%$428K$1.4M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1140%1h4.5388+0.021%$2.0M$13.1M25xas long as short
Aftermath Perps NEARUSD+0.1258%1h4.5358−0.046%$6K$7K10xas long as short