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: HTX against MEXC+0.182%7-day average +0.258% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.611%+$61 on $10k

Price spread, last 4 days (all we have)+0.558%+$56 · spread now +0.182%, 7d avg +0.258%

Together, before fees+1.168%+$117 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: HTX is 0.076% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.258%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.3900	0.0100	pay 0.0100% / 8h	4h 07m	$75.3M	$150.6M	200x
Short	HTX NEAR-USDT	4.3980	0.0100	get 0.0100% / 8h	4h 07m	$455K	$4.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.182%Rate

Funding earned: $0
Price spread: +0.182% → +0.258%: −$7.58
Slippage, 4 orders: −$26.64
Fee MEXC: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$46.22
Costs to cover: 0.386%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; HTX: live order book, 1 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	1.14 bp	1.1 bp −$1	3.7 bp −$37	20.7 bp −$2,070	72.8 bp −$36.4K
Sell HTX live order book, 1 min ago	6.82 bp	16.8 bp −$17	64.5 bp −$645	doesn't fit	doesn't fit

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	4.3809	−0.208%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.3801	−0.226%	$2.2M	$15.6M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3973	+0.166%	$617K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3838	−0.141%	$164K	—	150x	as long as short
dYdX NEAR-USD	+0.0008%	1h	4.3837	−0.143%	$108K	$69K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.672%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3810	−0.205%	$112K	$514K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3878	−0.050%	$417K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3848	−0.118%	$270.2M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3824	−0.173%	$220.6M	$423.7M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3830	−0.159%	$62.7M	$295.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4054	+0.351%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3856	−0.100%	$31.9M	$64.4M	75x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.3900	long leg	$75.3M	$150.6M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.3920	+0.046%	$54.7M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3823	−0.175%	$72.0M	$130.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3860	−0.091%	—	$146.8M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4067	+0.380%	$8.5M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4083	+0.416%	$264K	$962K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4010	+0.251%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4090	+0.433%	$170K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3850	−0.114%	$243K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3853	−0.107%	$56K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4050	+0.342%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.3980	+0.182%	$455K	$4.0M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3840	−0.137%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3848	−0.119%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3855	−0.103%	$204K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0188%	1h	4.3820	−0.182%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3910	+0.023%	$13.7M	$32.5M	75x	as long as short
Aster NEARUSDT	+0.0304%	8h	4.3849	−0.117%	$2.9M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0190%	1h	4.3828	−0.164%	$233K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0338%	1h	4.3822	−0.178%	$1.3M	$6.4M	20x	as long as short
01 Exchange NEARUSD	+0.0352%	1h	4.3834	−0.150%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0389%	1h	4.3897	−0.007%	$361.9M	$319.8M	10x	as long as short
Extended NEAR-USD	+0.0480%	1h	4.3830	−0.160%	$3.9M	$19.6M	25x	as long as short
Nado NEAR-PERP	+0.0573%	1h	4.3794	−0.241%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.3910	+0.023%	$217K	$1.7M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0593%	1h	4.3812	−0.201%	$7.9M	$39.7M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0594%	1h	4.3860	−0.091%	$2.0M	$7.3M	25x	as long as short
Lighter RH NEAR	+0.0688%	1h	4.3916	+0.036%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4000	+0.228%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.3872	−0.063%	$589K	$1.4M	10x	as long as short
Lighter NEAR	+0.1032%	1h	4.3931	+0.071%	$17.7M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1604%	1h	4.4008	+0.247%	$5K	$12K	10x	as long as short