Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Orderly against MEXC−0.323%7-day average +0.015% · you buy dearer than you sell

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

Long on MEXC Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 3 days (all we have)+0.470%+$47 · spread now −0.323%, 7d avg +0.015%

Together, before fees+0.446%+$45 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: Orderly is 0.339% cheaper against MEXC than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.1460	0.0100	pay 0.0100% / 8h	4h 23m	$81.2M	$145.3M	200x
Short	Orderly PERP_NEAR_USDC	4.1326	0.0100	get 0.0100% / 8h	4h 23m	$52K	$163K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.323%Rate

Funding earned: $0
Price spread: −0.323% → +0.015%: −$33.87
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$39.87
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 10 min ago; Orderly: no order-book sample. 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 MEXC live order book, 10 min ago	1.22 bp	1.2 bp −$1	3.6 bp −$36	27.8 bp −$2,781	64.7 bp −$32.4K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.1435	−0.061%	$2K	—	20x	as long as short
Extended NEAR-USD	−0.0016%	1h	4.1480	+0.049%	$3.5M	$14.1M	25x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1391	−0.167%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1371	−0.215%	$444K	$20.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1362	−0.237%	$201K	—	150x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0032%	1h	4.1407	−0.128%	$2.1M	$12.6M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1470	+0.024%	$105K	$498K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1388	−0.174%	$2.8M	$5.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1446	−0.033%	$237.0M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1430	−0.072%	$207.5M	$428.9M	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	4.1450	−0.024%	$57.0M	$286.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1440	−0.048%	$244K	$1.6M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1127	−0.803%	$235K	$4K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1445	−0.036%	$29.2M	$56.3M	75x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.1460	long leg	$81.2M	$145.3M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.1390	−0.169%	$58.0M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1457	−0.007%	$69.4M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1480	+0.048%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1325	−0.326%	$7.6M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1249	−0.510%	$262K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1280	−0.434%	$1.4M	$1.1M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1250	−0.507%	$112K	$754K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1469	+0.022%	$220K	$3.0M	10x	as long as short
Orderly PERP_NEAR_USDCshort	+0.0100%	8h	4.1326	−0.323%	$52K	$163K	20x
SunX NEAR-USDT	+0.0100%	8h	4.1380	−0.193%	$1K	$1.5M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1355	−0.253%	$4K	$44K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1370	−0.217%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1403	−0.138%	$30K	$2K	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1335	−0.301%	$200K	$66K	3x	as long as short
Injective NEAR/USDC PERP	+0.0120%	1h	4.1000	−1.110%	$572	$150K	12x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0185%	1h	4.1372	−0.212%	$1.8M	$2.0M	25x	as long as short
01 Exchange NEARUSD	+0.0200%	1h	4.1495	+0.084%	$12K	$8K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1280	−0.434%	$12.6M	$33.1M	75x	as long as short
Kraken Futures PF_NEARUSD	+0.0242%	1h	4.1405	−0.132%	$7.4M	$34.4M	50x	as long as short
Lighter RH NEAR	+0.0248%	1h	4.1418	−0.101%	$1.4M	$7.3M	10x	as long as short
Nado NEAR-PERP	+0.0289%	1h	4.1340	−0.289%	$1.8M	$3.9M	10x	as long as short
Pacifica NEAR	+0.0319%	1h	4.1408	−0.125%	$438K	$1.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0371% / S −0.0312%	1h	4.1348	−0.271%	$272K	—	100x	as long as short
RISEx NEAR/USDC	+0.0378%	1h	4.1497	+0.089%	$397K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0618%	1h	4.1391	−0.166%	$1.7M	$2.7M	10x	as long as short
Lighter NEAR	+0.0680%	1h	4.1484	+0.059%	$15.4M	$22.5M	15x	as long as short
Hyperliquid NEAR	+0.0830%	1h	4.1421	−0.094%	$347.7M	$303.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0960%	1h	4.1414	−0.111%	$1.5M	$4.7M	20x	as long as short
Aftermath Perps NEARUSD	+0.1099%	1h	4.1280	−0.434%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1247%	8h	4.1470	+0.024%	$451K	$4.1M	75x	as long as short