Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h +0.047%

Price spread now: Bitget against Coinbase International+0.427%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.166%+$17 on $10k

Price spread, last 3 days (all we have)−0.588%−$59 · spread now +0.427%, 7d avg +0.003%

Together, before fees−0.422%−$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bitget is 0.424% dearer against Coinbase International than usual: you sell high and buy low: +$42 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NEAR-PERP-INTX	4.3348	−0.0096	get 0.0012% / 1h	14m 40s	$2.3M	$13.2M	50x
Short	Bitget NEARUSDT	4.3533	0.0100	get 0.0100% / 8h	7h 14m	$72.6M	$122.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Coinbase International. 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 Coinbase InternationalbpFee BitgetbpOrdersPrice spread, now +0.427%Rate

Funding earned: $41.16
Price spread: +0.427% → +0.003%: $42.39
Slippage, 4 orders: −$25.25
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $36.31
Costs to cover: 0.472%
Break-even: 0.8 days

Slippage from Coinbase International: live order book, 4 min ago; Bitget: live order book, 4 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 Coinbase International live order book, 4 min ago	4.30 bp	12.8 bp −$13	21.9 bp −$219	559.9 bp −$56.0K	doesn't fit
Sell Bitget live order book, 4 min ago	3.02 bp	9.7 bp −$10	13.7 bp −$137	25.7 bp −$2,573	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
Phemex NEARUSDT	−0.0238%	8h	4.3290	−0.134%	$3.9M	$8.5M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3297	−0.117%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3332	−0.036%	$7.3M	$37.3M	50x	as long as short
Coinbase International NEAR-PERP-INTXlong	−0.0096%	1h	4.3348	long leg	$2.3M	$13.2M	50x
dYdX NEAR-USD	0.0000%	1h	4.3535	+0.432%	$113K	$64K	10x	as long as short
01 Exchange NEARUSD	0.0000%	1h	4.3559	+0.487%	$13K	$7K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3298	−0.115%	$348K	$19.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3341	−0.016%	$205K	—	150x	as long as short
Variational Omni NEAR	+0.0005%	8h	4.3018	−0.761%	$8.2M	$18.9M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.471%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3530	+0.420%	$116K	$489K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3349	+0.002%	$57K	$186K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3489	+0.326%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3594	+0.567%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3540	+0.444%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3530	+0.420%	$259.2M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3511	+0.376%	$220.8M	$415.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3510	+0.374%	$61.6M	$281.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3540	+0.443%	$198K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3083	−0.610%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3528	+0.415%	$31.3M	$60.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3530	+0.420%	$76.8M	$141.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3550	+0.466%	$56.8M	$42.9M	75x	as long as short
Bitget NEARUSDTshort	+0.0100%	8h	4.3533	+0.427%	$72.6M	$122.9M	75x
BingX NEAR-USDC	+0.0100%	8h	4.3520	+0.397%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3068	−0.646%	$256K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3055	−0.675%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3060	−0.664%	$180K	$780K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3331	−0.039%	$195K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3390	+0.097%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3320	−0.065%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3400	+0.120%	$456K	$3.7M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3516	+0.389%	$3.9M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3335	−0.031%	$202K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3300	−0.111%	$13.1M	$28.0M	75x	as long as short
Hyperliquid NEAR	+0.0313%	1h	4.3616	+0.618%	$370.7M	$305.3M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0307%	1h	4.3339	−0.020%	$276K	—	100x	as long as short
Nado NEAR-PERP	+0.0426%	1h	4.3323	−0.058%	$1.9M	$3.2M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3566	+0.502%	$405K	$1.2M	10x	as long as short
Lighter RH NEAR	+0.0456%	1h	4.3607	+0.597%	$1.6M	$7.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0473%	1h	4.3411	+0.145%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3153	−0.450%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0558%	1h	4.3371	+0.053%	$1.9M	$3.8M	25x	as long as short
Aftermath Perps NEARUSD	+0.1487%	1h	4.3147	−0.463%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1848%	1h	4.3643	+0.680%	$17.4M	$24.7M	15x	as long as short