Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: Bitget against gTrade (Gains Network)−0.340%65s7-day average +0.004% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2912.906% of the position

Long on gTrade (Gains Network)Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.106%+$11 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.340%, 7d avg +0.004%

Together, before fees+0.052%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.343% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.340% now, against its 7-day average of +0.004%). If the spread goes back, that is −$34 on $10k: about 12 days of funding at the current rate (+$3 a day). The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) NEAR/USD	4.5247	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	20m 12s	$170K	—	150x
Short	Bitget NEARUSDT	4.5093	0.0100	get 0.0100% / 8h	6h 20m	$74.8M	$130.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.340%Rate

Funding earned: $20.09
Price spread: −0.340% → +0.004%: −$34.34
Slippage, 4 orders: −$268.6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$304.86
Costs to cover: 2.906%
Break-even: 113.2 days

Slippage from gTrade (Gains Network): virtual book (oracle exchange), 31 min ago; Bitget: 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 exchange), 31 min ago	130.01 bp	135.0 bp −$135	875.9 bp −$8,759	9405.5 bp −$940.6K	doesn't fit
Sell Bitget live order book, 2 min ago	0.55 bp	9.8 bp −$10	17.6 bp −$176	34.4 bp −$3,441	doesn't fit

NEAR on 45 exchanges

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	4.5116	−0.290%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0140%	1h	4.5087	−0.353%	$7.4M	$38.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5121	−0.279%	$111K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USDlong	L +0.0004% / S −0.0006%	1h	4.5247	long leg	$170K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.480%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5160	−0.192%	$124K	$524K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5120	−0.279%	$2.7M	$4.8M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5132	−0.253%	$274.6M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5113	−0.296%	$235.1M	$433.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5070	−0.391%	$64.4M	$309.9M	50x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.5190	−0.126%	$233K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5400	+0.339%	$271K	$12K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5145	−0.225%	$39.8M	$63.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5120	−0.280%	$78.5M	$171.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5100	−0.324%	$53.5M	$45.2M	75x	as long as short
Bitget NEARUSDTshort	+0.0100%	8h	4.5093	−0.340%	$74.8M	$130.1M	75x
BingX NEAR-USDC	+0.0100%	8h	4.5160	−0.192%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5256	+0.020%	$9.5M	$17.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5367	+0.266%	$268K	$868K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5423	+0.389%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5340	+0.206%	$169K	$827K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5153	−0.207%	$284K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5105	−0.313%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5230	−0.037%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5115	−0.291%	$5K	$42K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5170	−0.170%	$470K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5110	−0.302%	$3.4M	$8.0M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.5166	−0.179%	$33K	$51	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5086	−0.355%	$3.8M	$15.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5096	−0.334%	$210K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0111%	8h	4.5186	−0.134%	$829K	$26.3M	2.2x	as long as short
01 Exchange NEARUSD	+0.0152%	1h	4.5167	−0.176%	$13K	$5K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5260	+0.029%	$13.0M	$33.1M	75x	as long as short
Hyperliquid NEAR	+0.0282%	1h	4.5179	−0.150%	$364.6M	$323.7M	10x	as long as short
Lighter NEAR	+0.0320%	1h	4.5160	−0.193%	$17.6M	$23.8M	15x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0235%	1h	4.5143	−0.230%	$260K	—	100x	as long as short
Nado NEAR-PERP	+0.0431%	1h	4.5140	−0.236%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0520%	1h	4.5198	−0.108%	$2.3M	$17.8M	50x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.5175	−0.160%	$641K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0600%	1h	4.5174	−0.161%	$1.6M	$6.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0704%	1h	4.5132	−0.254%	$1.9M	$13.1M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0737%	1h	4.5244	−0.006%	$1.1M	$7.0M	20x	as long as short
Phoenix NEAR	+0.0851%	1h	4.5330	+0.184%	$1.7M	$2.5M	10x	as long as short
Pacifica NEAR	+0.0883%	1h	4.5171	−0.167%	$419K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1163%	1h	4.5302	+0.122%	$6K	$7K	10x	as long as short