Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Bulk+0.643%58s7-day average −0.021% · 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−$720.723% of the position

Long on Bulk Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.566%−$57 · spread now +0.643%, 7d avg −0.021%

Together, before fees−0.566%−$57 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: Bitget is 0.663% dearer against Bulk than usual: you sell high and buy low, +$66 on $10k if it goes back to its 7-day average of −0.021%. The two prices were read 58 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	Bulk NEAR-USD	4.2042	0.0100	pay 0.0013% / 1h	11m 48s	$240K	$2K	10x
Short	Bitget NEARUSDT	4.2312	0.0100	get 0.0100% / 8h	1h 11m	$70.1M	$124.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bulk. 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 BulkbpFee BitgetbpOrdersPrice spread, now +0.643%Rate

Funding earned: $0
Price spread: +0.643% → −0.021%: $66.3
Slippage, 4 orders: −$53.29
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$5.99
Costs to cover: 0.723%
Break-even: never at this rate

Slippage from Bulk: live order book, 7 min ago; Bitget: 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 Bulk live order book, 7 min ago	11.83 bp	15.3 bp −$15	15.3 bp −$153	15.3 bp −$1,533	31.0 bp −$15.5K
Sell Bitget live order book, 2 min ago	0.59 bp	8.8 bp −$9	13.8 bp −$138	21.6 bp −$2,160	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	4.2289	+0.588%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.2305	+0.626%	$2.2M	$12.8M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−1.503%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2281	+0.568%	$109K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2326	+0.676%	$448K	$17.9M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2342	+0.714%	$210K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0048%	1h	4.2369	+0.779%	$7.7M	$36.2M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2300	+0.614%	$108K	$485K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2257	+0.512%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2354	+0.744%	$3.0M	$5.6M	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	4.2299	+0.611%	$365K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2291	+0.593%	$244.3M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2310	+0.638%	$216.9M	$418.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2300	+0.614%	$58.8M	$277.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2310	+0.638%	$213K	$1.7M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2295	+0.602%	$30.2M	$58.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2310	+0.638%	$83.6M	$143.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2300	+0.614%	$55.6M	$43.2M	75x	as long as short
Bitget NEARUSDTshort	+0.0100%	8h	4.2312	+0.643%	$70.1M	$124.2M	75x
BingX NEAR-USDT	+0.0100%	8h	4.2310	+0.638%	—	$137.0M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2040	−0.005%	$7.8M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2112	+0.168%	$246K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2084	+0.101%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2120	+0.186%	$176K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2312	+0.643%	$206K	$3.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2351	+0.735%	$56K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2380	+0.804%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2335	+0.697%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2340	+0.709%	$3.9M	$8.1M	50x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.2042	long leg	$240K	$2K	10x
Extended NEAR-USD	+0.0104%	1h	4.2281	+0.570%	$3.9M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2335	+0.697%	$204K	$62K	3x	as long as short
Lighter RH NEAR	+0.0120%	1h	4.2341	+0.711%	$1.5M	$7.0M	10x	as long as short
01 Exchange NEARUSD	+0.0128%	1h	4.2333	+0.692%	$12K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2150	+0.257%	$12.4M	$31.9M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0317%	1h	4.2376	+0.795%	$1.9M	$2.2M	25x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.2313	+0.646%	$412K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0386% / S −0.0332%	1h	4.2338	+0.705%	$288K	—	100x	as long as short
Nado NEAR-PERP	+0.0493%	1h	4.2268	+0.538%	$1.9M	$3.5M	10x	as long as short
Hyperliquid NEAR	+0.0525%	1h	4.2371	+0.783%	$359.7M	$294.9M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0527%	1h	4.2361	+0.759%	$1.3M	$5.5M	20x	as long as short
Phoenix NEAR	+0.0542%	1h	4.2164	+0.290%	$1.7M	$2.7M	10x	as long as short
HTX NEAR-USDT	+0.0936%	8h	4.2420	+0.899%	$455K	$3.5M	75x	as long as short
Aftermath Perps NEARUSD	+0.0984%	1h	4.2145	+0.245%	$5K	$11K	10x	as long as short
Lighter NEAR	+0.0984%	1h	4.2381	+0.806%	$16.4M	$23.7M	15x	as long as short