Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against Bitget+0.202%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on Bitget Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days−0.133%−$13 · spread now +0.202%, 7d avg +0.058%

Together, before fees−0.101%−$10 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: Polymarket Perps is 0.144% dearer against Bitget than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.4011	0.0100	pay 0.0100% / 8h	6h 27m	$72.9M	$123.6M	75x
Short	Polymarket Perps NEAR-USD	4.4100	0.0100	get 0.0013% / 1h	27m 17s	$219K	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.202%Rate

Funding earned: $0
Price spread: +0.202% → +0.058%: $14.4
Slippage, 4 orders: −$15.31
Fee Bitget: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$20.92
Costs to cover: 0.353%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Polymarket Perps: 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	1.26 bp	10.2 bp −$10	17.6 bp −$176	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	3.32 bp	7.4 bp −$7	22.5 bp −$225	doesn't fit	doesn't fit

NEAR on 44 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	4.4035	+0.054%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.4099	+0.200%	$2.2M	$13.9M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4062	+0.115%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4063	+0.118%	$614K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4013	+0.006%	$159K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.910%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0059%	8h	4.3918	−0.211%	$8.5M	$18.7M	—	as long as short
Phemex NEARUSDT	+0.0062%	8h	4.4000	−0.025%	$3.9M	$8.2M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4080	+0.157%	$113K	$481K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4094	+0.189%	$417K	$1.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.4040	+0.066%	$265.8M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4010	−0.002%	$223.3M	$418.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4020	+0.020%	$62.4M	$286.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4150	+0.316%	$209K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	−1.276%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4042	+0.070%	$31.8M	$61.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4070	+0.134%	$76.1M	$139.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4090	+0.180%	$56.3M	$42.9M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.4011	long leg	$72.9M	$123.6M	75x
BingX NEAR-USDT	+0.0100%	8h	4.4030	+0.043%	—	$142.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3854	−0.356%	$271K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3820	−0.434%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3860	−0.343%	$182K	$767K	50x	as long as short
Polymarket Perps NEAR-USDshort	+0.0100%	1h	4.4100	+0.202%	$219K	$3.5M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4037	+0.059%	$59K	$189K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4080	+0.157%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3995	−0.036%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4130	+0.270%	$455K	$3.9M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4064	+0.121%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3990	−0.049%	$3.8M	$18.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4005	−0.014%	$205K	$34K	3x	as long as short
Aster NEARUSDT	+0.0157%	8h	4.4061	+0.114%	$3.1M	$5.7M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0215%	1h	4.4007	−0.009%	$7.7M	$40.0M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0349% / S −0.0257%	1h	4.4018	+0.016%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0398%	1h	4.4064	+0.121%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0400%	1h	4.4135	+0.282%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.4153	+0.322%	$560K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0523%	1h	4.4041	+0.068%	$1.9M	$4.2M	25x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4243	+0.527%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0792%	1h	4.4078	+0.152%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0854%	1h	4.4136	+0.284%	$372.9M	$307.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0898%	1h	4.4163	+0.345%	$1.4M	$6.0M	20x	as long as short
Aftermath Perps NEARUSD	+0.1499%	1h	4.3899	−0.254%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1624%	1h	4.4123	+0.253%	$17.7M	$25.0M	15x	as long as short