Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.131%

Price spread now: Gate against Arcus−0.245%7-day average −0.044% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$590.587% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.315%−$31 on $10k

Price spread, last 7 days+0.279%+$28 · spread now −0.245%, 7d avg −0.044%

Together, before fees−0.035%−$4 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 0.200% cheaper against Arcus than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.4150	0.0100	pay 0.0013% / 1h	27m 15s	$209K	$1.8M	10x
Short	Gate NEAR_USDT	4.4042	0.0100	get 0.0100% / 8h	6h 27m	$31.8M	$61.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Arcus. 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 ArcusbpFee GatebpOrdersPrice spread, now −0.245%Rate

Funding earned: $0
Price spread: −0.245% → −0.044%: −$20.02
Slippage, 4 orders: −$39.22
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$78.74
Costs to cover: 0.587%
Break-even: never at this rate

Slippage from Arcus: live order book, 2 min ago; Gate: live order book, 2 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 Arcus live order book, 2 min ago	2.29 bp	5.7 bp −$6	10.5 bp −$105	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.19 bp	22.6 bp −$23	33.9 bp −$339	51.6 bp −$5,162	73.3 bp −$36.7K

NEAR on 44 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	4.4035	−0.261%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.4099	−0.116%	$2.2M	$13.9M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4062	−0.200%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4063	−0.197%	$614K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4013	−0.309%	$159K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.206%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0059%	8h	4.3918	−0.525%	$8.5M	$18.7M	—	as long as short
Phemex NEARUSDT	+0.0062%	8h	4.4000	−0.340%	$3.9M	$8.2M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4080	−0.159%	$113K	$481K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4094	−0.126%	$417K	$1.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.4040	−0.249%	$265.8M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4010	−0.317%	$223.3M	$418.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4020	−0.294%	$62.4M	$286.7M	50x	as long as short
Arcus NEAR-USDlong	+0.0100%	1h	4.4150	long leg	$209K	$1.8M	10x
Bulk NEAR-USD	+0.0100%	1h	4.3449	−1.587%	$248K	−$0	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.4042	−0.245%	$31.8M	$61.5M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.4070	−0.181%	$76.1M	$139.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4090	−0.136%	$56.3M	$42.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4011	−0.315%	$72.9M	$123.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4030	−0.272%	—	$142.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3854	−0.670%	$271K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3820	−0.747%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3860	−0.657%	$182K	$767K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4100	−0.113%	$219K	$3.5M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4037	−0.256%	$59K	$189K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4080	−0.159%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3995	−0.351%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4130	−0.045%	$455K	$3.9M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4064	−0.194%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3990	−0.363%	$3.8M	$18.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4005	−0.328%	$205K	$34K	3x	as long as short
Aster NEARUSDT	+0.0157%	8h	4.4061	−0.201%	$3.1M	$5.7M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0215%	1h	4.4007	−0.324%	$7.7M	$40.0M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0349% / S −0.0257%	1h	4.4018	−0.299%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0398%	1h	4.4064	−0.194%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0400%	1h	4.4135	−0.034%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.4153	+0.006%	$560K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0523%	1h	4.4041	−0.247%	$1.9M	$4.2M	25x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4243	+0.211%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0792%	1h	4.4078	−0.163%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0854%	1h	4.4136	−0.032%	$372.9M	$307.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0898%	1h	4.4163	+0.029%	$1.4M	$6.0M	20x	as long as short
Aftermath Perps NEARUSD	+0.1499%	1h	4.3899	−0.568%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1624%	1h	4.4123	−0.062%	$17.7M	$25.0M	15x	as long as short