Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0214%/8h= −23.4% APRpaid last 24h −0.065%

Price spread now: gTrade (Gains Network) against BloFin+0.153%7-day average −0.008% · 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−$288as in the Price arb table

costs, in and out, $10k−$3053.046% of the position

Long on BloFin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.217%−$22 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now +0.153%, 7d avg −0.008%

Together, before fees−0.128%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.161% dearer against BloFin than usual: you sell high and buy low (spread +0.153% now, against its 7-day average of −0.008%): +$16 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NEAR-USDT	4.4890	0.0220	pay 0.0220% / 8h	5h 06m	$14.2M	$33.7M	75x
Short	gTrade (Gains Network) NEAR/USD	4.4959	L +0.0004% / S −0.0006%	get 0.0001% / 1h	6m 42s	$168K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BloFin. 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 BloFinbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.153%Rate

Funding earned: −$44.9
Price spread: +0.153% → −0.008%: $16.09
Slippage, 4 orders: −$282.57
Fee BloFin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$333.37
Costs to cover: 3.046%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 57 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 BloFin live order book, 2 min ago	9.93 bp	15.9 bp −$16	20.3 bp −$203	39.5 bp −$3,952	103.0 bp −$51.5K
Sell gTrade (Gains Network) virtual book (oracle venue), 57 min ago	130.01 bp	137.7 bp −$138	1007.8 bp −$10.1K	doesn't fit	doesn't fit

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	4.4874	−0.035%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4860	−0.067%	$2.2M	$15.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4569	−0.716%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5042	+0.339%	$538K	$21.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USDshort	L +0.0004% / S −0.0006%	1h	4.4959	+0.153%	$168K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.752%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4620	−0.601%	$112K	$513K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4641	−0.554%	$426K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4645	−0.546%	$274.0M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4627	−0.586%	$224.2M	$426.7M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4630	−0.579%	$64.0M	$304.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5467	+1.284%	$259K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4606	−0.633%	$32.4M	$65.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4670	−0.490%	$78.6M	$149.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4660	−0.512%	$55.2M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4637	−0.564%	$73.5M	$130.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4660	−0.512%	—	$146.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5696	+1.796%	$8.8M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5326	+0.971%	$272K	$976K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5311	+0.938%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5320	+0.958%	$174K	$797K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4862	−0.062%	$222K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4923	+0.074%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4980	+0.200%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4900	+0.022%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4920	+0.067%	$464K	$4.1M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4890	0.000%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4630	−0.579%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4945	+0.123%	$209K	$40K	3x	as long as short
Extended NEAR-USD	+0.0184%	1h	4.4636	−0.566%	$4.1M	$19.4M	25x	as long as short
BloFin NEAR-USDTlong	+0.0220%	8h	4.4890	long leg	$14.2M	$33.7M	75x
Aster NEARUSDT	+0.0295%	8h	4.4773	−0.260%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0358% / S −0.0247%	1h	4.4925	+0.078%	$270K	—	100x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.4703	−0.417%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4730	−0.356%	$216K	$1.8M	10x	as long as short
Nado NEAR-PERP	+0.0433%	1h	4.4850	−0.089%	$1.9M	$3.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0530%	1h	4.4925	+0.078%	$2.0M	$4.5M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0553%	1h	4.4817	−0.163%	$1.4M	$6.7M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0686%	1h	4.4926	+0.079%	$8.3M	$41.3M	50x	as long as short
Lighter RH NEAR	+0.0704%	1h	4.4720	−0.379%	$1.6M	$7.2M	10x	as long as short
Hyperliquid NEAR	+0.0787%	1h	4.4735	−0.345%	$373.2M	$323.4M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.5453	+1.254%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4704	−0.415%	$571K	$1.4M	10x	as long as short
Lighter NEAR	+0.1136%	1h	4.4734	−0.347%	$18.0M	$27.0M	15x	as long as short
Aftermath Perps NEARUSD	+0.1601%	1h	4.5331	+0.982%	$6K	$12K	10x	as long as short