Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0518%/8h= +56.7% APRpaid last 24h +0.115%

Price spread now: Deribit against Bitget+0.051%7-day average +0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs+$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.454%+$45 on $10k

Price spread, last 4 days (all we have)+0.428%+$43 · spread now +0.051%, 7d avg +0.107%

Together, before fees+0.882%+$88 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.056% cheaper against Bitget than usual: you would sell low and buy high (spread +0.051% now, against its 7-day average of +0.107%). If the spread goes back, that is −$6 on $10k: about 9 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.454% in total) that is about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.4946	0.0100	pay 0.0100% / 8h	5h 57m	$74.6M	$127.6M	75x
Short	Deribit NEAR_USDC-PERPETUAL	4.4969	0.0618	get 0.0077% / 1h	57m 32s	$1.9M	$13.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.051%Rate

Funding earned: $108.78
Price spread: +0.051% → +0.107%: −$5.61
Slippage, 4 orders: −$15.14
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $69.03
Costs to cover: 0.341%
Break-even: 2.6 days

Slippage from Bitget: live order book, 5 min ago; Deribit: 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 Bitget live order book, 5 min ago	0.11 bp	10.2 bp −$10	14.9 bp −$149	29.0 bp −$2,900	doesn't fit
Sell Deribit live order book, 5 min ago	4.34 bp	7.8 bp −$8	14.7 bp −$147	doesn't fit	doesn't fit

NEAR on 45 exchanges

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
Kraken Futures PF_NEARUSD	−0.0235%	1h	4.4916	−0.066%	$7.4M	$37.1M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.5014	+0.151%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4956	+0.022%	$110K	$53K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4933	−0.029%	$810K	$26.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4978	+0.070%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.867%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4970	+0.053%	$124K	$508K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4974	+0.063%	$2.7M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4972	+0.057%	$273.3M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4960	+0.031%	$232.5M	$429.3M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4940	−0.013%	$64.2M	$299.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5100	+0.343%	$269K	$12K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4962	+0.036%	$39.9M	$61.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4970	+0.053%	$76.7M	$166.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4970	+0.053%	$53.4M	$44.3M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.4946	long leg	$74.6M	$127.6M	75x
BingX NEAR-USDT	+0.0100%	8h	4.4980	+0.076%	—	$77.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5024	+0.174%	$8.9M	$17.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5026	+0.177%	$266K	$871K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5100	+0.343%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5130	+0.409%	$168K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5048	+0.227%	$282K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4969	+0.051%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5100	+0.343%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4940	−0.013%	$5K	$40K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5010	+0.142%	$467K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4930	−0.036%	$3.4M	$7.9M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4949	+0.007%	$32K	$51	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4950	+0.009%	$3.8M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4930	−0.036%	$209K	$38K	3x	as long as short
Nado NEAR-PERP	+0.0183%	1h	4.5028	+0.182%	$1.7M	$3.1M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5110	+0.365%	$12.9M	$32.9M	75x	as long as short
01 Exchange NEARUSD	+0.0288%	1h	4.4989	+0.096%	$13K	$5K	10x	as long as short
Lighter NEAR	+0.0320%	1h	4.4962	+0.036%	$17.6M	$23.2M	15x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0235%	1h	4.5083	+0.304%	$259K	—	100x	as long as short
Arcus NEAR-USD	+0.0343%	1h	4.5000	+0.120%	$227K	$1.4M	10x	as long as short
Lighter RH NEAR	+0.0392%	1h	4.5024	+0.174%	$1.6M	$5.7M	10x	as long as short
Hyperliquid NEAR	+0.0401%	1h	4.4959	+0.029%	$362.6M	$318.6M	10x	as long as short
RISEx NEAR/USDC	+0.0489%	1h	4.5049	+0.229%	$639K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0504%	1h	4.5111	+0.367%	$2.3M	$17.8M	50x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.0618%	1h	4.4969	+0.051%	$1.9M	$13.0M	25x
Backpack NEAR_USDC_PERP	+0.0650%	1h	4.4975	+0.065%	$1.1M	$7.0M	20x	as long as short
Phoenix NEAR	+0.0851%	1h	4.5120	+0.387%	$1.7M	$2.4M	10x	as long as short
Pacifica NEAR	+0.0851%	1h	4.4955	+0.021%	$423K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1188%	1h	4.5068	+0.271%	$6K	$6K	10x	as long as short