Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%

Price spread now: Variational Omni against edgeX+0.021%104s7-day average +0.015% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.012%−$1 on $10k

Price spread, last 7 days−0.006%−$1 · spread now +0.021%, 7d avg +0.015%

Together, before fees−0.018%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.4465	0.0100	pay 0.0050% / 4h	1h 27m	$263K	$868K	20x
Short	Variational Omni NEAR	4.4475	0.0100	get 0.0100% / 8h	5h 27m	$8.7M	$16.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → +0.015%: $0.6
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.4
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 19 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

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, 19 min ago	7.82 bp	13.1 bp −$13	33.1 bp −$331	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	3.85 bp	doesn't fit	12.5 bp −$125	28.7 bp −$2,875	doesn't fit

NEAR on 45 exchanges

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
Kraken Futures PF_NEARUSD	−0.0238%	1h	4.4442	−0.053%	$7.3M	$36.9M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4470	+0.009%	$2K	—	20x	as long as short
01 Exchange NEARUSD	−0.0008%	1h	4.4457	−0.019%	$13K	$4K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4463	−0.005%	$748K	$26.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4466	+0.002%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.871%	$578	$301K	12x	as long as short
dYdX NEAR-USD	+0.0038%	1h	4.4435	−0.069%	$109K	$53K	10x	as long as short
Lighter NEAR	+0.0096%	1h	4.4537	+0.160%	$16.9M	$24.8M	15x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4470	+0.010%	$122K	$502K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4520	+0.122%	$2.7M	$4.8M	50x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.4478	+0.028%	$267.5M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4461	−0.010%	$228.7M	$428.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4450	−0.035%	$63.6M	$296.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4650	+0.415%	$266K	$13K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4493	+0.062%	$39.8M	$62.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4450	−0.035%	$71.7M	$169.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4570	+0.235%	$54.2M	$44.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4528	+0.141%	$74.4M	$127.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4500	+0.078%	—	$6.7M	—	as long as short
Variational Omni NEARshort	+0.0100%	8h	4.4475	+0.021%	$8.7M	$16.2M	—
edgeX NEARUSDClong	+0.0100%	4h	4.4465	long leg	$263K	$868K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4462	−0.007%	$1.5M	$1.8M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4470	+0.010%	$166K	$808K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4480	+0.033%	$206K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4468	+0.006%	$55K	$273K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4550	+0.190%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4475	+0.022%	$5K	$34K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4540	+0.168%	$466K	$3.6M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4480	+0.033%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4449	−0.037%	$32K	$389	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4480	+0.034%	$3.7M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4467	+0.004%	$207K	$38K	3x	as long as short
Hyperliquid NEAR	+0.0114%	1h	4.4562	+0.217%	$358.4M	$313.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0191% / S −0.0034%	1h	4.4368	−0.219%	$239K	—	100x	as long as short
Lighter RH NEAR	+0.0200%	1h	4.4533	+0.152%	$1.5M	$5.9M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4380	−0.192%	$12.7M	$32.4M	75x	as long as short
Nado NEAR-PERP	+0.0264%	1h	4.4465	−0.001%	$1.8M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0343%	1h	4.4480	+0.033%	$224K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.0489%	1h	4.4466	+0.001%	$642K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0504%	1h	4.4521	+0.125%	$2.3M	$17.4M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0539%	1h	4.4518	+0.118%	$1.1M	$7.1M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0717%	1h	4.4516	+0.114%	$1.9M	$13.0M	25x	as long as short
Phoenix NEAR	+0.0741%	1h	4.4450	−0.035%	$1.7M	$2.7M	10x	as long as short
Pacifica NEAR	+0.0851%	1h	4.4524	+0.133%	$418K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.0918%	1h	4.4468	+0.007%	$6K	$6K	10x	as long as short