Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.026%

Price spread now: dYdX against MEXC+0.230%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$290as in the Funding arb table

Net, price: spread back to 7d avg − costs−$250as in the Price arb table

costs, in and out, $10k−$2742.736% of the position

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.164%−$16 on $10k

Price spread, last 4 days (all we have)−0.407%−$41 · spread now +0.230%, 7d avg −0.006%

Together, before fees−0.571%−$57 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.236% dearer against MEXC than usual: you sell high and buy low (spread +0.230% now, against its 7-day average of −0.006%): +$24 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.3000	0.0100	pay 0.0100% / 8h	7h 23m	$76.6M	$140.6M	200x
Short	dYdX NEAR-USD	4.3099	0	get 0.0000% / 1h	23m 57s	$112K	$64K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.230%Rate

Funding earned: −$21
Price spread: +0.230% → −0.006%: $23.55
Slippage, 4 orders: −$263.64
Fee MEXC: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$271.09
Costs to cover: 2.736%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; dYdX: live order book, 50 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, 5 min ago	1.17 bp	1.2 bp −$1	2.6 bp −$26	34.4 bp −$3,440	79.8 bp −$39.9K
Sell dYdX live order book, 50 min ago	73.01 bp	78.0 bp −$78	96.1 bp −$961	98.9 bp −$9,890	99.1 bp −$49.6K

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	4.3088	+0.204%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0132%	1h	4.2722	−0.646%	$7.2M	$37.3M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2779	−0.514%	$2.2M	$12.9M	50x	as long as short
Phemex NEARUSDT	−0.0055%	8h	4.2770	−0.535%	$3.8M	$8.5M	50x	as long as short
01 Exchange NEARUSD	−0.0016%	1h	4.3065	+0.151%	$13K	$7K	10x	as long as short
Variational Omni NEAR	−0.0004%	8h	4.2668	−0.772%	$7.9M	$18.8M	—	as long as short
dYdX NEAR-USDshort	0.0000%	1h	4.3099	+0.230%	$112K	$64K	10x
Kalshi KXNEARPERP	0.0000%	8h	4.3006	+0.014%	$339K	$19.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3111	+0.258%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.698%	$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
Bybit NEARUSDT	+0.0048%	8h	4.2835	−0.384%	$217.2M	$417.4M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0077%	1h	4.2882	−0.274%	$1.9M	$3.5M	25x	as long as short
Gate NEAR_USDT	+0.0095%	8h	4.2901	−0.230%	$30.9M	$59.8M	75x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3070	+0.163%	$114K	$482K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2848	−0.353%	$57K	$191K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.3084	+0.195%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2855	−0.338%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3084	+0.194%	$398K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2897	−0.239%	$255.7M	$1.06B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2830	−0.395%	$60.5M	$279.1M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3080	+0.186%	$197K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2789	−0.490%	$244K	−$0	10x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.3000	long leg	$76.6M	$140.6M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.2750	−0.581%	$55.9M	$42.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2818	−0.423%	$70.9M	$124.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2870	−0.302%	—	$141.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2780	−0.512%	$255K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2745	−0.592%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2800	−0.465%	$179K	$782K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3097	+0.226%	$202K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3200	+0.465%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2760	−0.558%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2850	−0.349%	$454K	$3.7M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2812	−0.436%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2804	−0.456%	$199K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0161%	1h	4.2939	−0.142%	$360.6M	$300.9M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3080	+0.186%	$12.9M	$28.3M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0373% / S −0.0306%	1h	4.3113	+0.264%	$274K	—	100x	as long as short
Lighter RH NEAR	+0.0392%	1h	4.2787	−0.495%	$1.6M	$6.9M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3086	+0.199%	$408K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0445%	1h	4.2935	−0.151%	$1.3M	$5.9M	20x	as long as short
Nado NEAR-PERP	+0.0464%	1h	4.3085	+0.198%	$1.9M	$3.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2669	−0.770%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1334%	1h	4.2876	−0.289%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1888%	1h	4.2839	−0.376%	$17.1M	$24.5M	15x	as long as short