Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Binance−0.042%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$440.440% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days+0.026%+$3 · spread now −0.042%, 7d avg −0.017%

Together, before fees+0.034%+$3 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 0.025% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.3524	0.0100	pay 0.0100% / 8h	7h 14m	$259.1M	$1.06B	75x
Short	Gate NEAR_USDT	4.3506	0.0100	get 0.0100% / 8h	7h 14m	$31.2M	$60.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → −0.017%: −$2.47
Slippage, 4 orders: −$19.03
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$46.5
Costs to cover: 0.440%
Break-even: never at this rate

Slippage from Binance: live order book, 14 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 Binance live order book, 14 min ago	1.17 bp	6.5 bp −$7	12.7 bp −$127	37.9 bp −$3,787	114.1 bp −$57.1K
Sell Gate live order book, 4 min ago	1.75 bp	14.8 bp −$15	20.5 bp −$205	36.2 bp −$3,623	53.3 bp −$26.6K

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	−0.0238%	8h	4.3290	−0.538%	$3.9M	$8.5M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3297	−0.522%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3332	−0.441%	$7.3M	$37.3M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3348	−0.405%	$2.3M	$13.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3279	−0.563%	$112K	$64K	10x	as long as short
01 Exchange NEARUSD	0.0000%	1h	4.3326	−0.456%	$13K	$7K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3298	−0.520%	$348K	$19.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3341	−0.421%	$205K	—	150x	as long as short
Variational Omni NEAR	+0.0005%	8h	4.3018	−1.162%	$8.2M	$18.9M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.858%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3330	−0.446%	$115K	$489K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3349	−0.403%	$57K	$186K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.3304	−0.507%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3418	−0.244%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3300	−0.515%	$400K	$1.2M	10x	as long as short
Binance NEARUSDTlong	+0.0100%	8h	4.3524	long leg	$259.1M	$1.06B	75x
Bybit NEARUSDT	+0.0100%	8h	4.3520	−0.010%	$220.9M	$416.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3540	+0.036%	$61.5M	$282.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3340	−0.423%	$199K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3083	−1.013%	$245K	−$0	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.3506	−0.042%	$31.2M	$60.5M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.3540	+0.036%	$76.9M	$141.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3520	−0.010%	$56.8M	$43.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3528	+0.009%	$72.6M	$123.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3510	−0.033%	—	$142.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3068	−1.048%	$256K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3055	−1.077%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3060	−1.067%	$180K	$780K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3331	−0.444%	$195K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3390	−0.309%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3320	−0.469%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3400	−0.286%	$456K	$3.7M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3488	−0.084%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3335	−0.436%	$202K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3300	−0.515%	$13.1M	$28.0M	75x	as long as short
Hyperliquid NEAR	+0.0313%	1h	4.3616	+0.211%	$370.7M	$305.3M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0307%	1h	4.3339	−0.425%	$276K	—	100x	as long as short
Nado NEAR-PERP	+0.0426%	1h	4.3323	−0.463%	$1.9M	$3.2M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3357	−0.385%	$406K	$1.2M	10x	as long as short
Lighter RH NEAR	+0.0456%	1h	4.3607	+0.190%	$1.6M	$7.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0473%	1h	4.3411	−0.260%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3153	−0.853%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0558%	1h	4.3371	−0.352%	$1.9M	$3.8M	25x	as long as short
Aftermath Perps NEARUSD	+0.1487%	1h	4.3147	−0.866%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1848%	1h	4.3643	+0.272%	$17.4M	$24.7M	15x	as long as short