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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Phemex against edgeX+0.049%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$700.701% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.066%−$7 on $10k
Price spread, last 4 days (all we have)−0.065%−$6 · spread now +0.049%, 7d avg +0.005%
Together, before fees−0.131%+ Points / potential airdropedgeX: Active · farm board−$13 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: Phemex is 0.044% dearer against edgeX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX NEARUSDC4.40180.0100pay 0.0050% / 4h1h 26m$257K$914K20x
ShortPhemex NEARUSDT4.40400.0100get 0.0100% / 8h1h 26m$3.6M$8.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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
$0
Price spread: +0.049% → +0.005%
$4.41
Slippage, 4 orders
−$49.08
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$65.67
Costs to cover
0.701%
Break-even
never at this rate
Slippage from edgeX: live order book, 7 min ago; Phemex: 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, 7 min ago6.77 bp12.4 bp −$1231.6 bp −$316doesn't fitdoesn't fit
Sell Phemex live order book, 2 min ago3.42 bp23.8 bp −$2454.4 bp −$544doesn't fitdoesn'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%1h4.3933−0.193%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4037+0.043%$108K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3910−0.245%$164K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.925%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4180+0.368%$112K$491K50xas long as short
Bybit NEARUSDT+0.0100%8h4.4133+0.261%$223.6M$434.5M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4140+0.277%$62.2M$296.2M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4350+0.754%$253K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4112+0.213%$35.4M$61.6M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4140+0.277%$53.4M$46.1M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.4144+0.286%$72.6M$127.4M75xas long as short
Variational Omni NEAR+0.0100%8h4.4217+0.452%$8.8M$18.7Mas long as short
edgeX NEARUSDClong+0.0100%4h4.4018long leg$257K$914K20x
ApeX Omni NEARUSDT+0.0100%1h4.4010−0.019%$166K$805K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4088+0.159%$296K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4028+0.022%$59K$236K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4070+0.118%$2K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.4100+0.186%$463K$3.9M75xas long as short
Phemex NEARUSDTshort+0.0100%8h4.4040+0.049%$3.6M$8.2M50x
Paradex NEAR-USD-PERP+0.0105%8h4.4133+0.261%$32K$58510xas long as short
GRVT NEAR_USDT_Perp+0.0113%8h4.4260+0.549%$1.5M$1.5M10xas long as short
Aevo NEAR-PERP+0.0128%1h4.4045+0.061%$205K$38K3xas long as short
SoDEX NEAR-USD+0.0170%1h4.4015−0.007%$5K$52K10xas long as short
Extended NEAR-USD+0.0192%1h4.4134+0.264%$3.7M$18.4M25xas long as short
BingX NEAR-USDC+0.0194%8h4.4150+0.299%$6.7Mas long as short
MEXC NEAR_USDT+0.0201%8h4.4130+0.254%$80.1M$148.7M200xas long as short
Binance NEARUSDT+0.0201%8h4.4110+0.210%$269.2M$1.08B75xas long as short
Kalshi KXNEARPERP+0.0259%8h4.40180.000%$1.0M$25.0M2.2xas long as short
Aster NEARUSDT+0.0304%8h4.4069+0.115%$2.8M$5.0M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0314% / S −0.0198%1h4.3978−0.091%$234K100xas long as short
BloFin NEAR-USDT+0.0321%8h4.4060+0.095%$13.7M$32.5M75xas long as short
Backpack NEAR_USDC_PERP+0.0413%1h4.4036+0.040%$1.4M$6.8M20xas long as short
Coinbase International NEAR-PERP-INTX+0.0424%1h4.4059+0.093%$2.3M$16.7M50xas long as short
01 Exchange NEARUSD+0.0440%1h4.4213+0.443%$13K$7K10xas long as short
Hyperliquid NEAR+0.0456%1h4.4096+0.177%$359.8M$314.9M10xas long as short
Nado NEAR-PERP+0.0604%1h4.4050+0.072%$1.7M$3.2M10xas long as short
Kraken Futures PF_NEARUSD+0.0663%1h4.4001−0.039%$7.3M$38.4M50xas long as short
Lighter NEAR+0.0832%1h4.4125+0.242%$17.3M$25.2M15xas long as short
Arcus NEAR-USD+0.0880%1h4.4200+0.413%$224K$1.6M10xas long as short
Lighter RH NEAR+0.0912%1h4.4124+0.240%$1.5M$6.7M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0932%1h4.4042+0.054%$1.9M$13.1M25xas long as short
Phoenix NEAR+0.1003%1h4.4297+0.633%$1.8M$2.5M10xas long as short
Pacifica NEAR+0.1187%1h4.4100+0.186%$421K$1.4M10xas long as short
RISEx NEAR/USDC+0.1259%1h4.4026+0.018%$664K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1262%1h4.4174+0.355%$5K$12K10xas long as short