Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.002%

Price spread now: BingX against 01 Exchange−0.190%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on BingX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.190% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.190% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 5.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange NEARUSD	4.3062	−0.0008	get 0.0001% / 1h	51m 49s	$13K	$7K	10x
Short	BingX NEAR-USDT	4.2980	0.0100	get 0.0100% / 8h	7h 51m	—	$141.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against 01 Exchange. 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 01 ExchangebpFee BingXbpOrdersPrice spread, now −0.190%Rate

Funding earned: $22.68
Price spread: −0.190% → 0.000%: −$19.04
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$13.36
Costs to cover: 0.170%
Break-even: 11.1 days

Slippage unknown: 01 Exchange: no order-book sample; BingX: live order book, 7 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell BingX live order book, 7 min ago	1.17 bp	7.4 bp −$7	10.1 bp −$101	19.2 bp −$1,916	44.6 bp −$22.3K

01 Exchange: 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
Phemex NEARUSDT	−0.1191%	8h	4.2960	−0.237%	$3.8M	$8.6M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3013	−0.113%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.2967	−0.221%	$7.6M	$37.1M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2951	−0.258%	$2.3M	$13.0M	50x	as long as short
Bybit NEARUSDT	−0.0088%	8h	4.2960	−0.237%	$218.9M	$419.1M	75x	as long as short
01 Exchange NEARUSDlong	−0.0008%	1h	4.3062	long leg	$13K	$7K	10x
dYdX NEAR-USD	0.0000%	1h	4.2978	−0.196%	$111K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3071	+0.021%	$378K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3002	−0.139%	$204K	—	150x	as long as short
Variational Omni NEAR	+0.0019%	8h	4.2869	−0.448%	$7.9M	$18.5M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.836%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3050	−0.028%	$112K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.2967	−0.221%	$57K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2991	−0.164%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3021	−0.095%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2995	−0.156%	$403K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3007	−0.128%	$255.4M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2980	−0.190%	$61.0M	$281.4M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3050	−0.028%	$197K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2646	−0.966%	$243K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2974	−0.204%	$31.0M	$58.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2980	−0.190%	$79.8M	$138.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3010	−0.121%	$56.3M	$43.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2976	−0.200%	$71.3M	$125.2M	75x	as long as short
BingX NEAR-USDTshort	+0.0100%	8h	4.2980	−0.190%	—	$141.2M	—
edgeX NEARUSDC	+0.0100%	4h	4.2790	−0.632%	$244K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2819	−0.565%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2780	−0.655%	$179K	$794K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3046	−0.037%	$193K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3110	+0.111%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2948	−0.265%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3040	−0.051%	$459K	$3.6M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2952	−0.256%	$3.9M	$16.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2969	−0.217%	$200K	$28K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3090	+0.065%	$13.0M	$29.3M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0239%	1h	4.2983	−0.183%	$1.9M	$2.9M	25x	as long as short
Hyperliquid NEAR	+0.0326%	1h	4.3034	−0.065%	$367.0M	$299.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0313%	1h	4.3051	−0.026%	$275K	—	100x	as long as short
Lighter RH NEAR	+0.0384%	1h	4.3068	+0.014%	$1.6M	$6.8M	10x	as long as short
Nado NEAR-PERP	+0.0421%	1h	4.3011	−0.118%	$1.9M	$3.4M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3069	+0.017%	$409K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0492%	1h	4.2982	−0.186%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2848	−0.497%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1198%	1h	4.2977	−0.198%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.2184%	1h	4.3138	+0.177%	$17.2M	$23.8M	15x	as long as short