Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: edgeX against Popdex+0.193%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$690.687% of the position

Long on Popdex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.864%+$86 · spread now +0.193%, 7d avg +0.029%

Together, before fees+0.870%+ Points / potential airdropedgeX: Active · farm board+$87 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: edgeX is 0.164% dearer against Popdex than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex NEARUSDT	4.3360	0.0096	pay 0.0012% / 1h	42m 53s	$108K	$502K	50x
Short	edgeX NEARUSDC	4.3444	0.0100	get 0.0050% / 4h	3h 42m	$254K	$950K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Popdex. 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 PopdexbpFee edgeXbpOrdersPrice spread, now +0.193%Rate

Funding earned: $0.84
Price spread: +0.193% → +0.029%: $16.4
Slippage, 4 orders: −$53.25
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$51.42
Costs to cover: 0.687%
Break-even: 435.5 days

Slippage from Popdex: live order book, 11 min ago; edgeX: 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 Popdex live order book, 11 min ago	14.94 bp	21.1 bp −$21	83.5 bp −$835	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	6.91 bp	12.5 bp −$12	28.2 bp −$282	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	4.3355	−0.012%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3308	−0.121%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3315	−0.104%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.497%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3406	+0.106%	$2.3M	$16.0M	50x	as long as short
Popdex NEARUSDTlong	+0.0096%	1h	4.3360	long leg	$108K	$502K	50x
Binance NEARUSDT	+0.0100%	8h	4.3306	−0.124%	$265.7M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3270	−0.208%	$215.6M	$427.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3280	−0.185%	$61.6M	$291.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3400	+0.092%	$247K	−$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	4.3255	−0.242%	$31.7M	$60.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3310	−0.115%	$73.6M	$144.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3310	−0.115%	$53.8M	$46.3M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3274	−0.198%	$71.0M	$128.8M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3280	−0.185%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3397	+0.086%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDCshort	+0.0100%	4h	4.3444	+0.193%	$254K	$950K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3214	−0.336%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3100	−0.600%	$166K	$799K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3398	+0.088%	$262K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3356	−0.009%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3450	+0.208%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3500	+0.323%	$462K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3370	+0.023%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3306	−0.125%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3350	−0.023%	$202K	$37K	3x	as long as short
Kalshi KXNEARPERP	+0.0130%	8h	4.3392	+0.074%	$654K	$23.1M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3390	+0.069%	$13.8M	$32.2M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3342	−0.042%	$412K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0309%	8h	4.3310	−0.116%	$2.9M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0194%	1h	4.3316	−0.101%	$232K	—	100x	as long as short
SoDEX NEAR-USD	+0.0421%	1h	4.3318	−0.097%	$8K	$49K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0512%	1h	4.3350	−0.023%	$1.4M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3423	+0.145%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0614%	1h	4.3338	−0.050%	$355.9M	$320.6M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3420	+0.138%	$213K	$1.6M	10x	as long as short
Extended NEAR-USD	+0.0672%	1h	4.3255	−0.243%	$3.8M	$19.8M	25x	as long as short
Nado NEAR-PERP	+0.0697%	1h	4.3380	+0.046%	$1.8M	$3.1M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0711%	1h	4.3327	−0.076%	$7.6M	$39.6M	50x	as long as short
Lighter RH NEAR	+0.0856%	1h	4.3387	+0.062%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3302	−0.134%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0997%	1h	4.3357	−0.007%	$2.0M	$8.8M	25x	as long as short
Lighter NEAR	+0.1144%	1h	4.3390	+0.070%	$17.5M	$24.9M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3430	+0.162%	$627K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1582%	1h	4.3407	+0.109%	$5K	$12K	10x	as long as short