Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0293%/8h= +32.1% APRpaid last 24h +0.094%

Price spread now: Nado against edgeX+0.339%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on edgeX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.099%+$10 on $10k

Price spread, last 7 days−0.236%−$24 · spread now +0.339%, 7d avg +0.045%

Together, before fees−0.137%+ Points / potential airdropedgeX: Active · Nado: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Nado is 0.294% dearer against edgeX than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.045%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.099% in total (about 10.5% 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	4.2867	0.0100	pay 0.0050% / 4h	2h 25m	$258K	$954K	20x
Short	Nado NEAR-PERP	4.3012	0.0393	get 0.0049% / 1h	25m 16s	$1.7M	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.339%Rate

Funding earned: $61.55
Price spread: +0.339% → +0.045%: $29.37
Slippage, 4 orders: −$22.64
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $52.28
Costs to cover: 0.386%
Break-even: 1.1 days

Slippage from edgeX: live order book, 14 min ago; Nado: 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, 14 min ago	6.99 bp	13.0 bp −$13	41.1 bp −$411	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	1.05 bp	5.9 bp −$6	13.8 bp −$138	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	4.3011	+0.336%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2917	+0.115%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2998	+0.306%	$161K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.399%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3010	+0.333%	$113K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3060	+0.450%	$263.3M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2990	+0.286%	$214.4M	$420.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2930	+0.146%	$60.4M	$284.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2997	+0.304%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3015	+0.345%	$32.5M	$60.1M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.2990	+0.286%	$77.1M	$144.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3050	+0.426%	$51.8M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3012	+0.338%	$71.2M	$127.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3030	+0.380%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2778	−0.208%	$8.1M	$18.0M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.2867	long leg	$258K	$954K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2900	+0.076%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3027	+0.373%	$262K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3054	+0.436%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3120	+0.590%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3100	+0.543%	$464K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3000	+0.310%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3001	+0.313%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3055	+0.438%	$200K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3070	+0.473%	$13.3M	$31.7M	75x	as long as short
ApeX Omni NEARUSDT	+0.0226%	1h	4.2860	−0.017%	$165K	$794K	50x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.3036	+0.394%	$2.3M	$15.9M	50x	as long as short
Kalshi KXNEARPERP	+0.0275%	8h	4.2930	+0.146%	$879K	$24.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0311% / S −0.0198%	1h	4.2993	+0.293%	$232K	—	100x	as long as short
Aster NEARUSDT	+0.0332%	8h	4.3033	+0.387%	$2.8M	$5.3M	50x	as long as short
Nado NEAR-PERPshort	+0.0393%	1h	4.3012	+0.339%	$1.7M	$3.2M	10x
Extended NEAR-USD	+0.0536%	1h	4.2998	+0.305%	$3.6M	$19.6M	25x	as long as short
SoDEX NEAR-USD	+0.0590%	1h	4.3015	+0.345%	$6K	$52K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0657%	1h	4.2825	−0.099%	$1.3M	$6.6M	20x	as long as short
Hyperliquid NEAR	+0.0681%	1h	4.3043	+0.410%	$351.8M	$310.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0735%	1h	4.3021	+0.358%	$7.4M	$38.8M	50x	as long as short
01 Exchange NEARUSD	+0.0752%	1h	4.3055	+0.438%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.3050	+0.426%	$216K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2973	+0.247%	$394K	$1.3M	10x	as long as short
Lighter NEAR	+0.0936%	1h	4.3077	+0.490%	$16.8M	$25.1M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2991	+0.289%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1136%	1h	4.3085	+0.508%	$1.4M	$7.4M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.3035	+0.392%	$687K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1377%	1h	4.2922	+0.127%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1472%	1h	4.3054	+0.436%	$1.9M	$11.0M	25x	as long as short