Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.044%

Price spread now: Gate against Coinbase International−0.206%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$550.554% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.198%+$20 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now −0.206%, 7d avg −0.003%

Together, before fees+0.081%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.203% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.206% now, against its 7-day average of −0.003%). If the spread goes back, that is −$20 on $10k: about 6.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NEAR-PERP-INTX	4.4683	−0.0008	get 0.0001% / 1h	50m 05s	$2.2M	$15.4M	50x
Short	Gate NEAR_USDT	4.4591	0.0100	get 0.0100% / 8h	4h 50m	$32.1M	$62.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.206%Rate

Funding earned: $22.68
Price spread: −0.206% → −0.003%: −$20.3
Slippage, 4 orders: −$30.41
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$53.03
Costs to cover: 0.554%
Break-even: 23.4 days

Slippage from Coinbase International: live order book, 4 min ago; Gate: 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	4.80 bp	15.8 bp −$16	24.1 bp −$241	385.5 bp −$38.5K	doesn't fit
Sell Gate live order book, 4 min ago	3.46 bp	11.3 bp −$11	18.0 bp −$180	40.0 bp −$4,004	58.6 bp −$29.3K

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	4.4633	−0.111%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTXlong	−0.0008%	1h	4.4683	long leg	$2.2M	$15.4M	50x
dYdX NEAR-USD	0.0000%	1h	4.4694	+0.025%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4626	−0.128%	$611K	$22.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4688	+0.012%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.325%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4670	−0.029%	$117K	$517K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4740	+0.129%	$425K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4652	−0.070%	$273.8M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4580	−0.231%	$223.3M	$425.5M	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	4.4550	−0.298%	$63.8M	$303.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5100	+0.933%	$257K	−$0	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.4591	−0.206%	$32.1M	$62.6M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.4640	−0.096%	$76.7M	$146.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4650	−0.074%	$55.2M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4612	−0.159%	$73.4M	$130.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4630	−0.119%	—	$147.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4797	+0.255%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4912	+0.513%	$269K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4926	+0.543%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4950	+0.598%	$173K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4645	−0.085%	$245K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4685	+0.004%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4760	+0.172%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4655	−0.063%	$8K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4700	+0.038%	$465K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4600	−0.186%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4730	+0.104%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4711	+0.062%	$208K	$40K	3x	as long as short
Extended NEAR-USD	+0.0208%	1h	4.4633	−0.111%	$4.0M	$19.6M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4840	+0.351%	$14.2M	$33.6M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0236%	1h	4.4639	−0.098%	$1.4M	$6.7M	20x	as long as short
01 Exchange NEARUSD	+0.0296%	1h	4.4687	+0.009%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0307%	8h	4.4696	+0.028%	$3.1M	$5.6M	50x	as long as short
Hyperliquid NEAR	+0.0327%	1h	4.4660	−0.051%	$370.1M	$325.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0338% / S −0.0216%	1h	4.4688	+0.010%	$249K	—	100x	as long as short
Nado NEAR-PERP	+0.0513%	1h	4.4626	−0.127%	$1.9M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0544%	1h	4.4701	+0.040%	$1.6M	$7.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4730	+0.105%	$221K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0581%	1h	4.4678	−0.012%	$8.3M	$40.3M	50x	as long as short
Lighter NEAR	+0.0696%	1h	4.4730	+0.105%	$18.0M	$26.2M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0757%	1h	4.4737	+0.121%	$2.1M	$6.6M	25x	as long as short
Phoenix NEAR	+0.0794%	1h	4.5018	+0.750%	$1.9M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4722	+0.088%	$565K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1577%	1h	4.4863	+0.404%	$6K	$12K	10x	as long as short