Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against Bitget+0.172%48s7-day average +0.019% · 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—prices read too far apart to compare

costs, in and out, $10k−$510.506% of the position

Long on Bitget Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.172%, 7d avg +0.019%

Together, before fees−0.009%−$1 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: Bulk is 0.152% dearer against Bitget than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.019%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.2684	0.0100	pay 0.0100% / 8h	6m 50s	$70.8M	$126.2M	75x
Short	Bulk NEAR-USD	4.2757	0.0100	get 0.0013% / 1h	6m 50s	$244K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Bitget. 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 BitgetbpFee BulkbpOrdersPrice spread, now +0.172%Rate

Funding earned: $0
Price spread: +0.172% → +0.019%: $15.23
Slippage, 4 orders: −$31.58
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$35.34
Costs to cover: 0.506%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Bulk: live order book, 7 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 Bitget live order book, 2 min ago	0.82 bp	9.2 bp −$9	13.7 bp −$137	35.2 bp −$3,515	doesn't fit
Sell Bulk live order book, 7 min ago	11.72 bp	15.2 bp −$15	15.2 bp −$152	33.8 bp −$3,381	58.9 bp −$29.4K

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	4.2700	+0.036%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2779	+0.223%	$2.2M	$13.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2761	+0.181%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2708	+0.056%	$367K	$18.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2732	+0.113%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.985%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0037%	8h	4.2689	+0.011%	$7.9M	$18.5M	—	as long as short
Bybit NEARUSDT	+0.0044%	8h	4.2670	−0.033%	$217.2M	$421.9M	75x	as long as short
01 Exchange NEARUSD	+0.0064%	1h	4.2738	+0.127%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2720	+0.084%	$110K	$497K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2731	+0.110%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2722	+0.090%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2768	+0.198%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2776	+0.214%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2700	+0.037%	$252.8M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2670	−0.033%	$60.7M	$285.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2750	+0.155%	$196K	$1.8M	10x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.2757	+0.172%	$244K	$2K	10x
Gate NEAR_USDT	+0.0100%	8h	4.2699	+0.035%	$30.9M	$60.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2720	+0.084%	$78.4M	$142.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2720	+0.084%	$55.7M	$43.4M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.2684	long leg	$70.8M	$126.2M	75x
BingX NEAR-USDC	+0.0100%	8h	4.2690	+0.014%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2757	+0.172%	$244K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2740	+0.131%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2750	+0.155%	$179K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2733	+0.115%	$194K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2780	+0.225%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2750	+0.155%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2760	+0.178%	$3.8M	$8.5M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2699	+0.036%	$3.8M	$16.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2755	+0.166%	$202K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2775	+0.214%	$7.6M	$37.5M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2760	+0.178%	$13.0M	$29.3M	75x	as long as short
Lighter RH NEAR	+0.0328%	1h	4.2820	+0.319%	$1.6M	$7.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0335%	1h	4.2772	+0.206%	$1.9M	$2.7M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0316%	1h	4.2730	+0.108%	$275K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2756	+0.169%	$420K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0447%	1h	4.2794	+0.258%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2832	+0.347%	$1.8M	$2.7M	10x	as long as short
Hyperliquid NEAR	+0.0619%	1h	4.2807	+0.288%	$365.1M	$300.9M	10x	as long as short
Nado NEAR-PERP	+0.0659%	1h	4.2725	+0.097%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0755%	8h	4.2830	+0.342%	$457K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1151%	1h	4.2787	+0.242%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1776%	1h	4.2889	+0.481%	$16.9M	$24.6M	15x	as long as short