Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.129%

Price spread now: BingX against HTX0.000%7-day average −0.264% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$470.471% of the position

Long on HTX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.657%−$66 on $10k

Price spread, last 3 days (all we have)−0.504%−$50 · spread now 0.000%, 7d avg −0.264%

Together, before fees−1.161%−$116 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: BingX is 0.264% dearer against HTX than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.264%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.2760	0.0100	pay 0.0100% / 8h	7h 26m	$452K	$3.6M	75x
Short	BingX NEAR-USDT	4.2760	0.0100	get 0.0100% / 8h	7h 26m	—	$141.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against HTX. 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 HTXbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.264%: $26.41
Slippage, 4 orders: −$25.13
Fee HTX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$20.73
Costs to cover: 0.471%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; BingX: live order book, 13 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 HTX live order book, 3 min ago	5.83 bp	18.8 bp −$19	41.7 bp −$417	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	1.17 bp	7.8 bp −$8	10.4 bp −$104	18.6 bp −$1,863	45.3 bp −$22.6K

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	4.2664	−0.225%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0132%	1h	4.2689	−0.166%	$7.2M	$37.3M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2748	−0.028%	$2.2M	$12.9M	50x	as long as short
01 Exchange NEARUSD	−0.0016%	1h	4.2814	+0.126%	$13K	$7K	10x	as long as short
Variational Omni NEAR	−0.0004%	8h	4.2668	−0.215%	$7.9M	$18.8M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2763	+0.007%	$111K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2761	+0.002%	$385K	$18.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2695	−0.151%	$203K	—	150x	as long as short
Bybit NEARUSDT	+0.0022%	8h	4.2750	−0.023%	$216.1M	$415.9M	75x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.157%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0068%	8h	4.2744	−0.037%	$30.7M	$59.6M	75x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2780	+0.047%	$114K	$480K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2698	−0.145%	$57K	$191K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2767	+0.016%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2754	−0.014%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2768	+0.018%	$395K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2777	+0.040%	$253.2M	$1.06B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2740	−0.047%	$60.1M	$277.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2810	+0.117%	$196K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2789	+0.069%	$244K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2730	−0.070%	$76.3M	$140.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2710	−0.117%	$56.1M	$42.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2756	−0.009%	$70.9M	$124.2M	75x	as long as short
BingX NEAR-USDTshort	+0.0100%	8h	4.2760	0.000%	—	$141.8M	—
edgeX NEARUSDC	+0.0100%	4h	4.2763	+0.006%	$255K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2603	−0.367%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2810	+0.117%	$179K	$782K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2752	−0.019%	$205K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2870	+0.257%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2689	−0.166%	$5K	$52K	10x	as long as short
HTX NEAR-USDTlong	+0.0100%	8h	4.2760	long leg	$452K	$3.6M	75x
Phemex NEARUSDT	+0.0100%	8h	4.2720	−0.094%	$3.8M	$8.5M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0101%	1h	4.2714	−0.108%	$1.9M	$3.4M	25x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2739	−0.049%	$3.8M	$16.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2690	−0.164%	$199K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0149%	1h	4.2805	+0.105%	$359.0M	$305.1M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2770	+0.023%	$12.9M	$28.1M	75x	as long as short
Lighter RH NEAR	+0.0368%	1h	4.2762	+0.005%	$1.6M	$6.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0306%	1h	4.2695	−0.153%	$272K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0418%	1h	4.2791	+0.072%	$1.3M	$5.9M	20x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2826	+0.153%	$406K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0476%	1h	4.2724	−0.084%	$1.9M	$3.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2669	−0.213%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1312%	1h	4.2729	−0.073%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1864%	1h	4.2775	+0.036%	$17.1M	$24.3M	15x	as long as short