Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against BingX+0.014%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$550.546% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 7 days−0.040%−$4 · spread now +0.014%, 7d avg −0.003%

Together, before fees+0.018%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NEAR-USDC	4.1570	0.0100	pay 0.0100% / 8h	1h 43m	—	$6.6M	—
Short	Gate NEAR_USDT	4.1576	0.0100	get 0.0100% / 8h	1h 43m	$29.7M	$57.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → −0.003%: $1.74
Slippage, 4 orders: −$29.61
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$52.86
Costs to cover: 0.546%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Gate: live order book, 5 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, 9 min ago	1.21 bp	12.3 bp −$12	30.6 bp −$306	70.9 bp −$7,085	421.5 bp −$210.7K
Sell Gate live order book, 5 min ago	2.17 bp	22.0 bp −$22	27.5 bp −$275	44.4 bp −$4,440	62.8 bp −$31.4K

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	4.1622	+0.125%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1618	+0.115%	$2.1M	$12.6M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.385%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1596	+0.063%	$107K	$56K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1663	+0.224%	$426K	$18.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1623	+0.127%	$206K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0049%	1h	4.1642	+0.173%	$7.5M	$36.8M	50x	as long as short
01 Exchange NEARUSD	+0.0064%	1h	4.1586	+0.038%	$12K	$7K	10x	as long as short
Lighter NEAR	+0.0096%	1h	4.1638	+0.164%	$15.3M	$22.5M	15x	as long as short
Lighter RH NEAR	+0.0096%	1h	4.1647	+0.185%	$1.4M	$6.9M	10x	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	4.1570	0.000%	$111K	$482K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1617	+0.113%	$54K	$156K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1564	−0.014%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1620	+0.120%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1595	+0.060%	$350K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1580	+0.024%	$238.0M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1560	−0.024%	$211.9M	$422.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1560	−0.024%	$56.9M	$274.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1590	+0.048%	$308K	$1.6M	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.1576	+0.014%	$29.7M	$57.1M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.1580	+0.024%	$81.8M	$141.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1590	+0.048%	$54.9M	$44.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1566	−0.010%	$69.0M	$125.6M	75x	as long as short
BingX NEAR-USDClong	+0.0100%	8h	4.1570	long leg	—	$6.6M	—
Variational Omni NEAR	+0.0100%	8h	4.1461	−0.262%	$7.7M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1581	+0.025%	$237K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1593	+0.056%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1600	+0.072%	$183K	$789K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1705	+0.325%	$198K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1660	+0.217%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1619	+0.118%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1600	+0.072%	$3.8M	$8.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1450	−0.289%	$236K	$4K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1552	−0.044%	$3.8M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1610	+0.096%	$200K	$62K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1600	+0.072%	$12.2M	$33.4M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0278%	1h	4.1650	+0.192%	$1.8M	$2.1M	25x	as long as short
Hyperliquid NEAR	+0.0314%	1h	4.1644	+0.178%	$350.2M	$298.6M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1593	+0.054%	$412K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0380% / S −0.0327%	1h	4.1618	+0.115%	$280K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0465%	1h	4.1627	+0.137%	$1.2M	$5.7M	20x	as long as short
Nado NEAR-PERP	+0.0531%	1h	4.1559	−0.025%	$1.8M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1614	+0.106%	$1.7M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.0891%	1h	4.1526	−0.106%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1006%	8h	4.1780	+0.505%	$451K	$3.6M	75x	as long as short