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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Bybit against Bitget−0.034%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days+0.084%+$8 · spread now −0.034%, 7d avg +0.010%

Together, before fees+0.090%+$9 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: Bybit is 0.044% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.1404	0.0100	pay 0.0100% / 8h	2h 37m	$69.0M	$127.8M	75x
Short	Bybit NEARUSDT	4.1390	0.0100	get 0.0100% / 8h	2h 37m	$211.2M	$427.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → +0.010%: −$4.37
Slippage, 4 orders: −$15.81
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$43.18
Costs to cover: 0.388%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Bybit: live order book, 2 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	0.24 bp	9.2 bp −$9	10.9 bp −$109	20.5 bp −$2,050	doesn't fit
Sell Bybit live order book, 2 min ago	1.21 bp	8.1 bp −$8	17.7 bp −$177	39.4 bp −$3,941	180.3 bp −$90.1K

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	4.1424	+0.048%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1338	−0.159%	$2.1M	$12.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1413	+0.021%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1424	+0.048%	$411K	$19.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1436	+0.077%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.0730	−1.628%	$569	$239K	12x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0039%	1h	4.1470	+0.159%	$1.8M	$2.1M	25x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1430	+0.063%	$107K	$489K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1390	−0.033%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1435	+0.075%	$2.9M	$5.9M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.1401	−0.006%	$366K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1409	+0.011%	$235.9M	$1.09B	75x	as long as short
Bybit NEARUSDTshort	+0.0100%	8h	4.1390	−0.034%	$211.2M	$427.8M	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1400	−0.010%	$56.6M	$277.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1240	−0.397%	$235K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1413	+0.022%	$29.6M	$58.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1410	+0.014%	$80.1M	$142.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1440	+0.087%	$56.2M	$45.1M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.1404	long leg	$69.0M	$127.8M	75x
BingX NEAR-USDT	+0.0100%	8h	4.1410	+0.014%	—	$136.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1205	−0.480%	$7.5M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1283	−0.293%	$235K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1160	−0.589%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1200	−0.493%	$182K	$790K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1450	+0.111%	$205K	$3.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1446	+0.101%	$53K	$159K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1440	+0.087%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1390	−0.034%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1410	+0.014%	$3.8M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1431	+0.064%	$3.6M	$14.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1435	+0.075%	$201K	$65K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1420	+0.039%	$307K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0150%	1h	4.1404	−0.001%	$7.1M	$36.6M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1410	+0.014%	$12.2M	$33.6M	75x	as long as short
01 Exchange NEARUSD	+0.0272%	1h	4.1458	+0.130%	$12K	$7K	10x	as long as short
Lighter RH NEAR	+0.0336%	1h	4.1460	+0.135%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0344%	1h	4.1385	−0.046%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0373% / S −0.0317%	1h	4.1430	+0.062%	$273K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1451	+0.113%	$416K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1355	−0.118%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0813%	1h	4.1470	+0.159%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0888%	1h	4.1494	+0.218%	$15.4M	$22.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1050%	1h	4.1275	−0.311%	$5K	$11K	10x	as long as short
Hyperliquid NEAR	+0.1096%	1h	4.1486	+0.198%	$349.4M	$300.6M	10x	as long as short
HTX NEAR-USDT	+0.1131%	8h	4.1540	+0.328%	$449K	$3.8M	75x	as long as short