Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.034%

Price spread now: BingX against gTrade (Gains Network)+0.095%7-day average — · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$294as in the Price arb table

costs, in and out, $10k−$3033.031% of the position

Long on gTrade (Gains Network)Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.095% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) NEAR/USD	4.5437	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	0m 12s	$170K	—	150x
Short	BingX NEAR-USDC	4.5480	0.0100	get 0.0100% / 8h	7h 00m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now +0.095%Rate

Funding earned: $20.09
Price spread: +0.095% → 0.000%: $9.46
Slippage, 4 orders: −$283.1
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$273.54
Costs to cover: 3.031%
Break-even: 102.3 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 34 min ago; BingX: live order book, 2 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 gTrade (Gains Network) virtual book (oracle venue), 34 min ago	130.01 bp	135.0 bp −$135	875.9 bp −$8,759	9405.5 bp −$940.5K	doesn't fit
Sell BingX live order book, 2 min ago	2.20 bp	14.8 bp −$15	47.7 bp −$477	350.5 bp −$35.1K	713.5 bp −$356.8K

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	−0.0415%	1h	4.5471	+0.076%	$7.5M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.5327	−0.243%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5469	+0.070%	$111K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USDlong	L +0.0004% / S −0.0006%	1h	4.5437	long leg	$170K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.863%	$578	$301K	12x	as long as short
Phemex NEARUSDT	+0.0081%	8h	4.5450	+0.029%	$3.5M	$8.0M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5480	+0.095%	$119K	$516K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5480	+0.095%	$2.7M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5510	+0.161%	$276.1M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5490	+0.117%	$237.0M	$434.2M	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	4.5470	+0.073%	$64.6M	$310.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.5480	+0.095%	$237K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5050	−0.852%	$260K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5437	0.000%	$39.1M	$64.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5500	+0.139%	$84.6M	$168.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5430	−0.015%	$53.9M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5442	+0.011%	$75.0M	$127.4M	75x	as long as short
BingX NEAR-USDCshort	+0.0100%	8h	4.5480	+0.095%	—	$6.7M	—
Variational Omni NEAR	+0.0100%	8h	4.5317	−0.265%	$9.4M	$17.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5430	−0.015%	$268K	$900K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5537	+0.220%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5480	+0.095%	$171K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5459	+0.048%	$283K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5484	+0.103%	$59K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5550	+0.249%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5485	+0.106%	$5K	$49K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5457	+0.045%	$3.8M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5475	+0.084%	$211K	$38K	3x	as long as short
Paradex NEAR-USD-PERP	+0.0108%	8h	4.5487	+0.110%	$33K	$413	10x	as long as short
Kalshi KXNEARPERP	+0.0128%	8h	4.5435	−0.004%	$907K	$25.4M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5440	+0.007%	$12.8M	$33.5M	75x	as long as short
Nado NEAR-PERP	+0.0229%	1h	4.5420	−0.037%	$1.7M	$3.2M	10x	as long as short
HTX NEAR-USDT	+0.0284%	8h	4.5540	+0.227%	$481K	$3.8M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0347% / S −0.0242%	1h	4.5333	−0.230%	$265K	—	100x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.5475	+0.084%	$13K	$5K	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.5417	−0.044%	$2.4M	$17.9M	50x	as long as short
Hyperliquid NEAR	+0.0495%	1h	4.5453	+0.035%	$369.6M	$320.6M	10x	as long as short
Lighter RH NEAR	+0.0560%	1h	4.5528	+0.200%	$1.6M	$6.6M	10x	as long as short
Lighter NEAR	+0.0576%	1h	4.5536	+0.218%	$17.9M	$24.3M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.0653%	1h	4.5343	−0.207%	$1.1M	$7.2M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.5474	+0.082%	$646K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.5504	+0.148%	$429K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.5702	+0.583%	$1.7M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1250%	1h	4.5354	−0.183%	$6K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1664%	1h	4.5537	+0.220%	$2.0M	$13.1M	25x	as long as short