Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0207%/8h= −22.7% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Binance−0.097%7-day average −0.010% · 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−$297as in the Price arb table

costs, in and out, $10k−$2882.883% of the position

Long on Binance Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.096%−$10 on $10k

Price spread, last 4 days (all we have)+0.276%+$28 · spread now −0.097%, 7d avg −0.010%

Together, before fees+0.180%+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and gTrade (Gains Network) is 0.087% cheaper against Binance than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.3390	0.0213	pay 0.0213% / 8h	1h 05m	$263.6M	$1.08B	75x
Short	gTrade (Gains Network) NEAR/USD	4.3348	L +0.0004% / S −0.0006%	get 0.0001% / 1h	5m 17s	$162K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Binance. 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 BinancebpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.097%Rate

Funding earned: −$43.49
Price spread: −0.097% → −0.010%: −$8.72
Slippage, 4 orders: −$268.27
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$340.48
Costs to cover: 2.883%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; gTrade (Gains Network): virtual book (oracle venue), 39 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 Binance live order book, 9 min ago	1.14 bp	7.1 bp −$7	11.5 bp −$115	33.9 bp −$3,391	112.9 bp −$56.4K
Sell gTrade (Gains Network) virtual book (oracle venue), 39 min ago	130.01 bp	137.7 bp −$138	1007.8 bp −$10.1K	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	4.3378	−0.028%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3403	+0.030%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USDshort	L +0.0004% / S −0.0006%	1h	4.3348	−0.097%	$162K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.563%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3400	+0.023%	$106K	$489K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3350	−0.092%	$219.2M	$431.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3320	−0.161%	$61.0M	$291.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3565	+0.404%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3364	−0.060%	$35.2M	$62.4M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3410	+0.046%	$52.5M	$46.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.3380	−0.023%	$71.8M	$128.4M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3397	+0.017%	$8.7M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3470	+0.185%	$252K	$904K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3475	+0.195%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3470	+0.184%	$164K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3415	+0.058%	$289K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3352	−0.088%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3520	+0.300%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3415	+0.058%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3510	+0.277%	$460K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3470	+0.184%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.3398	+0.017%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3391	+0.002%	$3.6M	$17.9M	25x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.3376	−0.033%	$202K	$38K	3x	as long as short
BingX NEAR-USDT	+0.0202%	8h	4.3370	−0.046%	—	$144.8M	—	as long as short
MEXC NEAR_USDT	+0.0213%	8h	4.3400	+0.023%	$76.9M	$150.7M	200x	as long as short
Binance NEARUSDTlong	+0.0213%	8h	4.3390	long leg	$263.6M	$1.08B	75x
Kalshi KXNEARPERP	+0.0225%	8h	4.3395	+0.012%	$945K	$25.1M	2.2x	as long as short
Aster NEARUSDT	+0.0263%	8h	4.3374	−0.038%	$2.8M	$4.8M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0313% / S −0.0200%	1h	4.3350	−0.093%	$232K	—	100x	as long as short
BloFin NEAR-USDT	+0.0333%	8h	4.3470	+0.184%	$13.6M	$32.2M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0397%	1h	4.3441	+0.118%	$1.3M	$6.9M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.3450	+0.138%	$2.3M	$16.6M	50x	as long as short
01 Exchange NEARUSD	+0.0448%	1h	4.3416	+0.060%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0460%	1h	4.3433	+0.099%	$353.5M	$314.1M	10x	as long as short
Nado NEAR-PERP	+0.0538%	1h	4.3398	+0.019%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0672%	1h	4.3396	+0.013%	$7.2M	$38.3M	50x	as long as short
Lighter NEAR	+0.0752%	1h	4.3452	+0.143%	$17.1M	$25.5M	15x	as long as short
Lighter RH NEAR	+0.0856%	1h	4.3471	+0.187%	$1.5M	$6.8M	10x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.3430	+0.092%	$224K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0971%	1h	4.3452	+0.143%	$1.9M	$13.1M	25x	as long as short
Phoenix NEAR	+0.1003%	1h	4.3483	+0.214%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.3419	+0.066%	$400K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.3425	+0.081%	$657K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1332%	1h	4.3606	+0.497%	$5K	$12K	10x	as long as short