Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0127%/8h= −13.9% APRpaid last 24h −0.034%

Price spread now: gTrade (Gains Network) against BingX+0.021%7-day average — · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$295as in the Price arb table

costs, in and out, $10k−$2972.974% of the position

Long on BingX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.021% dearer against BingX than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NEAR-USDC	4.4260	0.0133	pay 0.0133% / 8h	7h 46m	—	$6.7M	—
Short	gTrade (Gains Network) NEAR/USD	4.4269	L +0.0004% / S −0.0006%	get 0.0001% / 1h	46m 18s	$166K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BingX. 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 BingXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.021%Rate

Funding earned: −$26.6
Price spread: +0.021% → 0.000%: $2.1
Slippage, 4 orders: −$277.36
Fee BingX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$321.86
Costs to cover: 2.974%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; gTrade (Gains Network): virtual book (oracle venue), 53 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 BingX live order book, 6 min ago	1.14 bp	12.2 bp −$12	30.3 bp −$303	67.3 bp −$6,730	437.4 bp −$218.7K
Sell gTrade (Gains Network) virtual book (oracle venue), 53 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
Phemex NEARUSDT	−0.0905%	8h	4.4100	−0.362%	$3.6M	$8.2M	50x	as long as short
Kraken Futures PF_NEARUSD	−0.0428%	1h	4.4087	−0.391%	$7.3M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4272	+0.026%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4187	−0.164%	$108K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USDshort	L +0.0004% / S −0.0006%	1h	4.4269	+0.021%	$166K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.439%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4200	−0.136%	$117K	$507K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4258	−0.003%	$2.8M	$4.8M	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4258	−0.005%	$224.6M	$430.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4240	−0.045%	$62.4M	$300.9M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.4190	−0.158%	$231K	$1.5M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	−1.152%	$252K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4255	−0.011%	$36.8M	$61.8M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4260	0.000%	$53.6M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4259	−0.002%	$73.1M	$128.3M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3688	−1.293%	$9.0M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3658	−1.360%	$253K	$895K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3670	−1.333%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3680	−1.310%	$167K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4220	−0.090%	$276K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4262	+0.005%	$59K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4190	−0.158%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4105	−0.350%	$5K	$50K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.4184	−0.172%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4196	−0.144%	$3.7M	$16.0M	25x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.4269	+0.021%	$206K	$40K	3x	as long as short
MEXC NEAR_USDT	+0.0120%	8h	4.4260	0.000%	$93.2M	$154.7M	200x	as long as short
Binance NEARUSDT	+0.0122%	8h	4.4260	0.000%	$267.1M	$1.09B	75x	as long as short
BingX NEAR-USDClong	+0.0133%	8h	4.4260	long leg	—	$6.7M	—
Kalshi KXNEARPERP	+0.0152%	8h	4.4079	−0.409%	$879K	$25.3M	2.2x	as long as short
Hyperliquid NEAR	+0.0170%	1h	4.4260	0.000%	$357.6M	$318.4M	10x	as long as short
Nado NEAR-PERP	+0.0237%	1h	4.4266	+0.015%	$1.7M	$3.2M	10x	as long as short
BloFin NEAR-USDT	+0.0241%	8h	4.4080	−0.407%	$12.7M	$32.6M	75x	as long as short
01 Exchange NEARUSD	+0.0280%	1h	4.4241	−0.043%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0350% / S −0.0251%	1h	4.4244	−0.036%	$259K	—	100x	as long as short
Lighter RH NEAR	+0.0376%	1h	4.4253	−0.016%	$1.5M	$6.4M	10x	as long as short
HTX NEAR-USDT	+0.0460%	8h	4.4180	−0.181%	$468K	$3.8M	75x	as long as short
Lighter NEAR	+0.0472%	1h	4.4259	−0.003%	$17.4M	$23.8M	15x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.4186	−0.167%	$2.3M	$17.3M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0598%	1h	4.4161	−0.224%	$1.1M	$7.2M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.4270	+0.022%	$599K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.4201	−0.134%	$417K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.3729	−1.200%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1084%	1h	4.3741	−1.173%	$5K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.2313%	1h	4.4203	−0.129%	$1.9M	$13.1M	25x	as long as short