Funding arb · Price arb /

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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 0.000%

Price spread now: BingX against MEXC−0.069%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$180.178% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.069%, 7d avg −0.010%

Together, before fees−0.020%−$2 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 0.059% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.3540	0.0100	pay 0.0100% / 8h	3h 17m	$74.2M	$146.0M	200x
Short	BingX NEAR-USDT	4.3510	0.0100	get 0.0100% / 8h	3h 17m	—	$144.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.069%Rate

Funding earned: $0
Price spread: −0.069% → −0.010%: −$5.9
Slippage, 4 orders: −$7.81
Fee MEXC: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$23.7
Costs to cover: 0.178%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; BingX: live order book, 7 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 MEXC live order book, 2 min ago	1.15 bp	2.3 bp −$2	3.8 bp −$38	14.7 bp −$1,470	56.7 bp −$28.3K
Sell BingX live order book, 7 min ago	1.15 bp	6.2 bp −$6	9.5 bp −$95	28.0 bp −$2,802	62.2 bp −$31.1K

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	4.3492	−0.110%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3461	−0.181%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3479	−0.141%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.892%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3516	−0.055%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3500	−0.092%	$111K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3540	0.000%	$266.3M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3500	−0.092%	$215.1M	$425.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3510	−0.069%	$61.6M	$289.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3250	−0.666%	$246K	−$0	10x	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	+0.0100%	8h	4.3494	−0.106%	$32.2M	$61.8M	75x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.3540	long leg	$74.2M	$146.0M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.3520	−0.046%	$53.9M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3493	−0.108%	$71.7M	$127.7M	75x	as long as short
BingX NEAR-USDTshort	+0.0100%	8h	4.3510	−0.069%	—	$144.7M	—
Variational Omni NEAR	+0.0100%	8h	4.3327	−0.488%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3370	−0.390%	$253K	$949K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3370	−0.390%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3460	−0.184%	$167K	$796K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3520	−0.046%	$275K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3540	0.000%	$58K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3510	−0.069%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3560	+0.046%	$472K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3510	−0.069%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3446	−0.216%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3483	−0.130%	$202K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3430	−0.253%	$13.5M	$32.2M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3487	−0.123%	$402K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0288%	8h	4.3412	−0.294%	$873K	$23.4M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0324% / S −0.0198%	1h	4.3491	−0.112%	$235K	—	100x	as long as short
Aster NEARUSDT	+0.0324%	8h	4.3530	−0.023%	$2.9M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0361%	1h	4.3455	−0.195%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3553	+0.030%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0558%	1h	4.3475	−0.149%	$1.8M	$3.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0586%	1h	4.3512	−0.064%	$1.3M	$6.7M	20x	as long as short
Hyperliquid NEAR	+0.0592%	1h	4.3543	+0.007%	$356.5M	$314.3M	10x	as long as short
Extended NEAR-USD	+0.0600%	1h	4.3477	−0.144%	$3.8M	$20.0M	25x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3540	0.000%	$214K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0709%	1h	4.3472	−0.156%	$7.6M	$39.0M	50x	as long as short
Lighter RH NEAR	+0.0896%	1h	4.3540	0.000%	$1.5M	$7.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0924%	1h	4.3484	−0.129%	$1.9M	$9.5M	25x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3602	+0.142%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1104%	1h	4.3546	+0.014%	$17.6M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3530	−0.023%	$687K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1576%	1h	4.3502	−0.088%	$5K	$13K	10x	as long as short