Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.026%

Price spread now: gTrade (Gains Network) against Bybit−0.136%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$308as in the Price arb table

costs, in and out, $10k−$2902.904% of the position

Long on Bybit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.084%−$8 on $10k

Price spread, last 3 days (all we have)+0.321%+$32 · spread now −0.136%, 7d avg +0.035%

Together, before fees+0.237%+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and gTrade (Gains Network) is 0.171% cheaper against Bybit than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NEARUSDT	4.2564	0.0064	pay 0.0064% / 8h	23m 43s	$217.3M	$422.0M	75x
Short	gTrade (Gains Network) NEAR/USD	4.2506	L +0.0004% / S −0.0004%	get 0.0001% / 1h	23m 43s	$200K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.136%Rate

Funding earned: −$12.59
Price spread: −0.136% → +0.035%: −$17.13
Slippage, 4 orders: −$269.42
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$320.14
Costs to cover: 2.904%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 55 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 Bybit live order book, 5 min ago	1.17 bp	9.7 bp −$10	13.6 bp −$136	32.7 bp −$3,270	186.2 bp −$93.1K
Sell gTrade (Gains Network) virtual book (oracle venue), 55 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	4.2496	−0.161%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2459	−0.247%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2549	−0.036%	$110K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2505	−0.139%	$331K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USDshort	L +0.0004% / S −0.0004%	1h	4.2506	−0.136%	$200K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.711%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0062%	8h	4.2470	−0.221%	$7.9M	$18.4M	—	as long as short
Bybit NEARUSDTlong	+0.0064%	8h	4.2564	long leg	$217.3M	$422.0M	75x
01 Exchange NEARUSD	+0.0080%	1h	4.2571	+0.016%	$12K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2540	−0.056%	$108K	$496K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2554	−0.024%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2570	+0.014%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2532	−0.075%	$398K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2587	+0.054%	$252.2M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2550	−0.033%	$60.6M	$284.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2550	−0.033%	$195K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2551	−0.031%	$242K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2572	+0.019%	$30.6M	$59.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2590	+0.061%	$77.6M	$141.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2580	+0.038%	$55.3M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2570	+0.014%	$70.7M	$126.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2570	+0.014%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2605	+0.097%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2778	+0.503%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2630	+0.155%	$178K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2547	−0.040%	$195K	$3.4M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2499	−0.153%	$56K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2590	+0.061%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2470	−0.221%	$12K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2500	−0.150%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2520	−0.104%	$3.9M	$16.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2474	−0.211%	$200K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2492	−0.170%	$7.3M	$37.3M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2440	−0.291%	$13.0M	$29.2M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0268%	1h	4.2516	−0.113%	$1.8M	$2.5M	25x	as long as short
Lighter RH NEAR	+0.0328%	1h	4.2638	+0.174%	$1.5M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0314%	1h	4.2513	−0.120%	$273K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2541	−0.054%	$414K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0442%	1h	4.2568	+0.009%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2668	+0.244%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0717%	1h	4.2505	−0.139%	$1.9M	$3.4M	10x	as long as short
Hyperliquid NEAR	+0.0739%	1h	4.2642	+0.183%	$366.3M	$298.4M	10x	as long as short
HTX NEAR-USDT	+0.0810%	8h	4.2590	+0.061%	$458K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1164%	1h	4.2603	+0.091%	$6K	$11K	10x	as long as short
Lighter NEAR	+0.1720%	1h	4.2719	+0.364%	$16.4M	$23.8M	15x	as long as short