Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0233%/8h= −25.5% APRpaid last 24h −0.001%
Price spread now: MEXC against SoDEX−0.105%53s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and MEXC is 0.105% cheaper against SoDEX than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX NEAR-USD4.29950.0333pay 0.0042% / 1h5m 30s$6K$53K10x
ShortMEXC NEAR_USDT4.29500.0100get 0.0100% / 8h3h 05m$71.8M$147.3M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against SoDEX. 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

Funding earned
−$48.88
Price spread: −0.105% → 0.000%
−$10.47
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee MEXC: 0 bp × 2 orders
$0
Net
−$67.34
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; MEXC: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell MEXC live order book, 4 min ago1.16 bp1.2 bp −$13.3 bp −$3345.4 bp −$4,53888.2 bp −$44.1K
SoDEX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.2933−0.144%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.2890−0.245%$106K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.2913−0.190%$161K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.686%$578$301K12xas long as short
Coinbase International NEAR-PERP-INTX+0.0056%1h4.3072+0.179%$2.3M$15.8M50xas long as short
Popdex NEARUSDT+0.0096%1h4.2900−0.221%$110K$501K50xas long as short
Binance NEARUSDT+0.0100%8h4.2953−0.097%$262.4M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.2917−0.181%$212.7M$426.3M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2940−0.128%$60.7M$285.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3449+1.056%$248K−$010xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0100%8h4.2906−0.207%$31.9M$62.6M75xas long as short
MEXC NEAR_USDTshort+0.0100%8h4.2950−0.105%$71.8M$147.3M200x
KuCoin NEARUSDTM+0.0100%8h4.2960−0.081%$53.3M$45.7M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2941−0.126%$71.0M$127.6M75xas long as short
BingX NEAR-USDC+0.0100%8h4.2930−0.151%$6.7Mas long as short
Variational Omni NEAR+0.0100%8h4.2987−0.017%$8.1M$17.9Mas long as short
edgeX NEARUSDC+0.0100%4h4.3144+0.346%$252K$948K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3190+0.454%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3190+0.454%$166K$794K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2947−0.112%$269K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3027+0.074%$57K$246K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3090+0.221%$2K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3100+0.244%$462K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3010+0.035%$3.6M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.2889−0.246%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.3037+0.097%$200K$37K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.3210+0.500%$13.5M$31.9M75xas long as short
Kalshi KXNEARPERP+0.0261%8h4.3104+0.254%$869K$23.5M2.2xas long as short
Pacifica NEAR+0.0263%1h4.2927−0.157%$396K$1.3M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0322% / S −0.0198%1h4.2971−0.056%$232K100xas long as short
SoDEX NEAR-USDlong+0.0333%1h4.2995long leg$6K$53K10x
Aster NEARUSDT+0.0334%8h4.2930−0.151%$2.8M$5.5M50xas long as short
01 Exchange NEARUSD+0.0528%1h4.2959−0.084%$13K$7K10xas long as short
Extended NEAR-USD+0.0560%1h4.2904−0.211%$3.7M$19.8M25xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0564%1h4.3017+0.051%$1.9M$9.9M25xas long as short
Backpack NEAR_USDC_PERP+0.0567%1h4.3016+0.049%$1.3M$6.8M20xas long as short
Nado NEAR-PERP+0.0567%1h4.2900−0.221%$1.8M$3.1M10xas long as short
Hyperliquid NEAR+0.0578%1h4.2963−0.074%$351.8M$312.8M10xas long as short
Arcus NEAR-USD+0.0627%1h4.2960−0.081%$211K$1.6M10xas long as short
Kraken Futures PF_NEARUSD+0.0717%1h4.2990−0.012%$7.5M$38.9M50xas long as short
Lighter RH NEAR+0.0920%1h4.2986−0.021%$1.5M$7.4M10xas long as short
Phoenix NEAR+0.0941%1h4.3300+0.709%$1.8M$2.8M10xas long as short
Lighter NEAR+0.1048%1h4.2987−0.020%$17.3M$25.1M15xas long as short
RISEx NEAR/USDC+0.1162%1h4.2937−0.136%$668K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1539%1h4.3173+0.414%$5K$12K10xas long as short