Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Gate against Aevo+0.201%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$1161.164% of the position

Long on Aevo Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)−1.218%−$122 · spread now +0.201%, 7d avg −0.035%

Together, before fees−1.249%−$125 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: Gate is 0.236% dearer against Aevo than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.3998	0.0104	pay 0.0013% / 1h	40m 07s	$205K	$34K	3x
Short	Gate NEAR_USDT	4.4086	0.0100	get 0.0100% / 8h	5h 40m	$31.7M	$62.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aevo. 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 AevobpFee GatebpOrdersPrice spread, now +0.201%Rate

Funding earned: −$0.84
Price spread: +0.201% → −0.035%: $23.64
Slippage, 4 orders: −$85.36
Fee Aevo: 8 bp × 2 orders: −$16
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$93.56
Costs to cover: 1.164%
Break-even: never at this rate

Slippage from Aevo: live order book, 24 min ago; Gate: live order book, 4 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 Aevo live order book, 24 min ago	10.31 bp	41.1 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.05 bp	16.7 bp −$17	26.4 bp −$264	41.4 bp −$4,138	57.5 bp −$28.8K

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	4.4031	+0.077%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3987	−0.024%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4142	+0.328%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4074	+0.174%	$553K	$19.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4008	+0.023%	$199K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.881%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4190	+0.438%	$116K	$483K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4179	+0.413%	$417K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4071	+0.166%	$268.2M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4080	+0.187%	$222.4M	$417.2M	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	4.4050	+0.119%	$62.7M	$291.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3650	−0.790%	$249K	−$0	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.4086	+0.201%	$31.7M	$62.1M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.4090	+0.210%	$75.5M	$140.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3980	−0.040%	$55.2M	$44.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4094	+0.219%	$72.6M	$126.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4100	+0.233%	—	$144.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4286	+0.657%	$8.6M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4029	+0.072%	$264K	$985K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4147	+0.339%	$1.5M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4182	+0.419%	$224K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3996	−0.003%	$62K	$192K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4040	+0.097%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3990	−0.017%	$5K	$50K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4110	+0.256%	$456K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4040	+0.097%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4178	+0.409%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3946	−0.116%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERPlong	+0.0104%	1h	4.3998	long leg	$205K	$34K	3x
BloFin NEAR-USDT	+0.0220%	8h	4.4230	+0.528%	$13.9M	$31.0M	75x	as long as short
Aster NEARUSDT	+0.0221%	8h	4.4102	+0.238%	$3.0M	$5.5M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0341%	1h	4.4001	+0.008%	$1.9M	$4.3M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0350% / S −0.0245%	1h	4.3973	−0.055%	$258K	—	100x	as long as short
Nado NEAR-PERP	+0.0363%	1h	4.4125	+0.290%	$1.9M	$3.0M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4210	+0.483%	$210K	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0412%	1h	4.4020	+0.051%	$200K	$779K	50x	as long as short
01 Exchange NEARUSD	+0.0416%	1h	4.4225	+0.517%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0680%	1h	4.4070	+0.165%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0699%	1h	4.4062	+0.147%	$8.2M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0800%	1h	4.4098	+0.228%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0806%	1h	4.4150	+0.346%	$371.7M	$305.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3792	−0.467%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4194	+0.446%	$558K	$1.3M	10x	as long as short
Lighter NEAR	+0.1408%	1h	4.4154	+0.356%	$17.7M	$25.7M	15x	as long as short
Aftermath Perps NEARUSD	+0.1764%	1h	4.3984	−0.030%	$6K	$12K	10x	as long as short