Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against edgeX+0.743%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs+$21as in the Price arb table

costs, in and out, $10k−$560.564% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 3 days (all we have)−0.941%−$94 · spread now +0.743%, 7d avg −0.034%

Together, before fees−0.973%+ Points / potential airdropedgeX: Active · farm board−$97 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: Gate is 0.777% dearer against edgeX than usual: you sell high and buy low, +$78 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.1507	0.0100	pay 0.0050% / 4h	1h 34m	$237K	$1.2M	20x
Short	Gate NEAR_USDT	4.1815	0.0100	get 0.0100% / 8h	1h 34m	$30.0M	$57.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against edgeX. 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 edgeXbpFee GatebpOrdersPrice spread, now +0.743%Rate

Funding earned: $0
Price spread: +0.743% → −0.034%: $77.71
Slippage, 4 orders: −$32.35
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $21.36
Costs to cover: 0.564%
Break-even: from the start

Slippage from edgeX: 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 edgeX live order book, 4 min ago	7.23 bp	12.5 bp −$12	32.2 bp −$322	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.96 bp	15.7 bp −$16	23.6 bp −$236	41.3 bp −$4,135	59.2 bp −$29.6K

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	4.1765	+0.624%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1813	+0.738%	$2.1M	$12.7M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.233%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1675	+0.405%	$108K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1804	+0.717%	$431K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1823	+0.763%	$207K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0048%	1h	4.1871	+0.878%	$7.6M	$36.8M	50x	as long as short
01 Exchange NEARUSD	+0.0064%	1h	4.1832	+0.784%	$12K	$7K	10x	as long as short
Lighter RH NEAR	+0.0096%	1h	4.1889	+0.921%	$1.5M	$6.9M	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1810	+0.731%	$112K	$482K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1844	+0.813%	$54K	$156K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1676	+0.408%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1859	+0.849%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1716	+0.505%	$361K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1821	+0.758%	$239.1M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1810	+0.731%	$213.1M	$422.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1800	+0.707%	$57.4M	$276.4M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1790	+0.683%	$309K	$1.6M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1500	−0.016%	$236K	$4K	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.1815	+0.743%	$30.0M	$57.3M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.1830	+0.779%	$82.6M	$141.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1840	+0.803%	$55.2M	$44.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1810	+0.731%	$69.5M	$125.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1810	+0.731%	—	$136.8M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1530	+0.057%	$7.7M	$18.4M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.1507	long leg	$237K	$1.2M	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1549	+0.103%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1510	+0.008%	$182K	$789K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1836	+0.794%	$208K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1880	+0.900%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1835	+0.791%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1840	+0.803%	$3.8M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1801	+0.711%	$3.8M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1835	+0.791%	$201K	$62K	3x	as long as short
Lighter NEAR	+0.0208%	1h	4.1900	+0.948%	$16.0M	$23.2M	15x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1830	+0.779%	$12.3M	$33.5M	75x	as long as short
Hyperliquid NEAR	+0.0295%	1h	4.1869	+0.873%	$353.2M	$298.4M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1819	+0.753%	$411K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0381% / S −0.0328%	1h	4.1811	+0.733%	$282K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0434%	1h	4.1908	+0.967%	$1.2M	$5.7M	20x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1571	+0.155%	$1.7M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0553%	1h	4.1815	+0.743%	$1.8M	$3.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0586%	1h	4.1881	+0.902%	$1.8M	$2.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.0810%	1h	4.1579	+0.174%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.0989%	8h	4.1960	+1.092%	$450K	$3.6M	75x	as long as short