Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.029%

Price spread now: Gate against dYdX+0.084%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1081.078% of the position

Long on dYdX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.172%+$17 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now +0.084%, 7d avg 0.000%

Together, before fees+0.282%+$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.084% dearer against dYdX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX NEAR-USD	4.3543	0	get 0.0000% / 1h	56m 11s	$107K	$68K	10x
Short	Gate NEAR_USDT	4.3580	0.0100	get 0.0100% / 8h	7h 56m	$36.0M	$61.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against dYdX. 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 dYdXbpFee GatebpOrdersPrice spread, now +0.084%Rate

Funding earned: $21
Price spread: +0.084% → 0.000%: $8.4
Slippage, 4 orders: −$82.84
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$78.44
Costs to cover: 1.078%
Break-even: 33.1 days

Slippage from dYdX: live order book, 43 min ago; Gate: live order book, 3 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 dYdX live order book, 43 min ago	28.93 bp	40.6 bp −$41	100.1 bp −$1,001	210.3 bp −$21.0K	681.3 bp −$340.6K
Sell Gate live order book, 3 min ago	3.21 bp	15.3 bp −$15	23.1 bp −$231	38.1 bp −$3,808	52.8 bp −$26.4K

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
Kraken Futures PF_NEARUSD	−0.0433%	1h	4.3576	+0.075%	$7.2M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3560	+0.038%	$2K	—	20x	as long as short
dYdX NEAR-USDlong	0.0000%	1h	4.3543	long leg	$107K	$68K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3589	+0.105%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.900%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3610	+0.153%	$115K	$500K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3567	+0.054%	$2.7M	$4.8M	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3531	−0.029%	$219.6M	$429.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3520	−0.054%	$61.5M	$295.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3640	+0.222%	$228K	$1.5M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk NEAR-USD	+0.0100%	1h	4.3688	+0.332%	$252K	$3K	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.3580	+0.084%	$36.0M	$61.6M	75x
KuCoin NEARUSDTM	+0.0100%	8h	4.3560	+0.038%	$52.8M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3530	−0.031%	$72.0M	$127.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3629	+0.197%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3729	+0.426%	$253K	$892K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3710	+0.382%	$167K	$815K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3607	+0.146%	$272K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3630	+0.199%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3650	+0.245%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3585	+0.095%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3570	+0.061%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3578	+0.078%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3556	+0.030%	$3.6M	$16.2M	25x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.3599	+0.127%	$203K	$40K	3x	as long as short
Binance NEARUSDT	+0.0136%	8h	4.3569	+0.058%	$262.9M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0138%	8h	4.3550	+0.015%	$89.2M	$152.5M	200x	as long as short
BingX NEAR-USDC	+0.0144%	8h	4.3550	+0.015%	—	$6.7M	—	as long as short
Kalshi KXNEARPERP	+0.0161%	8h	4.3603	+0.137%	$911K	$25.1M	2.2x	as long as short
GRVT NEAR_USDT_Perp	+0.0250%	8h	4.3771	+0.523%	$1.4M	$1.6M	10x	as long as short
BloFin NEAR-USDT	+0.0258%	8h	4.3640	+0.222%	$13.2M	$32.2M	75x	as long as short
01 Exchange NEARUSD	+0.0312%	1h	4.3643	+0.229%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0317%	1h	4.3575	+0.072%	$1.7M	$3.2M	10x	as long as short
Hyperliquid NEAR	+0.0334%	1h	4.3636	+0.213%	$352.0M	$317.3M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0344% / S −0.0245%	1h	4.3584	+0.092%	$254K	—	100x	as long as short
HTX NEAR-USDT	+0.0355%	8h	4.3690	+0.337%	$462K	$3.8M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3594	+0.116%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0552%	1h	4.3608	+0.148%	$1.5M	$6.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0555%	1h	4.3574	+0.070%	$1.1M	$7.2M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.3623	+0.182%	$596K	$1.4M	10x	as long as short
Lighter NEAR	+0.0664%	1h	4.3610	+0.154%	$17.2M	$23.7M	15x	as long as short
Pacifica NEAR	+0.0701%	1h	4.3595	+0.118%	$411K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0759%	1h	4.3632	+0.203%	$1.9M	$13.1M	25x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3666	+0.281%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1091%	1h	4.3641	+0.224%	$5K	$7K	10x	as long as short