Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h 0.000%

Price spread now: BingX against Polymarket Perps−0.154%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on Polymarket Perps Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 7 days+0.133%+$13 · spread now −0.154%, 7d avg −0.034%

Together, before fees+0.075%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.120% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.154% now, against its 7-day average of −0.034%). If the spread goes back, that is −$12 on $10k: about 4.3 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.058%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NEAR-USD	4.4088	0.0100	pay 0.0013% / 1h	26m 55s	$296K	$4.1M	10x
Short	BingX NEAR-USDC	4.4020	0.0194	get 0.0194% / 8h	1h 26m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Polymarket Perps. 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 Polymarket PerpsbpFee BingXbpOrdersPrice spread, now −0.154%Rate

Funding earned: $19.74
Price spread: −0.154% → −0.034%: −$12
Slippage, 4 orders: −$21.36
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$31.63
Costs to cover: 0.394%
Break-even: 18.2 days

Slippage from Polymarket Perps: live order book, 2 min ago; BingX: live order book, 5 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 Polymarket Perps live order book, 2 min ago	2.85 bp	8.7 bp −$9	24.7 bp −$247	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	1.13 bp	11.0 bp −$11	25.7 bp −$257	66.2 bp −$6,616	481.7 bp −$240.8K

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	4.3933	−0.351%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4037	−0.116%	$108K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3910	−0.403%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.074%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4090	+0.005%	$112K	$492K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4018	−0.159%	$223.1M	$434.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4030	−0.132%	$62.1M	$295.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4350	+0.594%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4008	−0.181%	$35.4M	$61.5M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4030	−0.132%	$53.3M	$46.1M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4017	−0.161%	$72.4M	$127.4M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4217	+0.293%	$8.8M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4018	−0.158%	$257K	$914K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4010	−0.177%	$166K	$805K	50x	as long as short
Polymarket Perps NEAR-USDlong	+0.0100%	1h	4.4088	long leg	$296K	$4.1M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4028	−0.136%	$59K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4070	−0.041%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4100	+0.027%	$463K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4040	−0.109%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0105%	8h	4.4038	−0.114%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0113%	8h	4.4260	+0.390%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4045	−0.098%	$205K	$38K	3x	as long as short
SoDEX NEAR-USD	+0.0170%	1h	4.4015	−0.166%	$5K	$52K	10x	as long as short
Extended NEAR-USD	+0.0192%	1h	4.4019	−0.156%	$3.7M	$18.4M	25x	as long as short
BingX NEAR-USDCshort	+0.0194%	8h	4.4020	−0.154%	—	$6.7M	—
MEXC NEAR_USDT	+0.0200%	8h	4.4050	−0.086%	$80.0M	$148.7M	200x	as long as short
Binance NEARUSDT	+0.0201%	8h	4.4052	−0.082%	$268.8M	$1.09B	75x	as long as short
Kalshi KXNEARPERP	+0.0259%	8h	4.4018	−0.159%	$1.0M	$25.0M	2.2x	as long as short
Aster NEARUSDT	+0.0306%	8h	4.4024	−0.145%	$2.8M	$5.0M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0198%	1h	4.3978	−0.249%	$234K	—	100x	as long as short
BloFin NEAR-USDT	+0.0321%	8h	4.4060	−0.064%	$13.7M	$32.5M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0413%	1h	4.4036	−0.118%	$1.4M	$6.8M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4059	−0.066%	$2.3M	$16.7M	50x	as long as short
01 Exchange NEARUSD	+0.0440%	1h	4.4061	−0.061%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0454%	1h	4.4053	−0.079%	$359.4M	$314.9M	10x	as long as short
Nado NEAR-PERP	+0.0604%	1h	4.4050	−0.086%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0663%	1h	4.4001	−0.197%	$7.3M	$38.4M	50x	as long as short
Lighter NEAR	+0.0816%	1h	4.4062	−0.060%	$17.3M	$25.2M	15x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4070	−0.041%	$223K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0912%	1h	4.4074	−0.032%	$1.5M	$6.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0932%	1h	4.4042	−0.104%	$1.9M	$13.1M	25x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4297	+0.474%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4046	−0.094%	$420K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4026	−0.140%	$664K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1262%	1h	4.4174	+0.196%	$5K	$12K	10x	as long as short