Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: Gate against gTrade (Gains Network)+0.118%7-day average −0.028% · 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−$291as in the Price arb table

costs, in and out, $10k−$3053.053% of the position

Long on gTrade (Gains Network)Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.103%+$10 on $10k

Price spread, last 4 days (all we have)−1.033%−$103 · spread now +0.118%, 7d avg −0.028%

Together, before fees−0.929%−$93 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 0.146% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) NEAR/USD	4.3920	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	48m 13s	$164K	—	150x
Short	Gate NEAR_USDT	4.3972	0.0100	get 0.0100% / 8h	7h 48m	$36.5M	$61.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.118%Rate

Funding earned: $20.09
Price spread: +0.118% → −0.028%: $14.58
Slippage, 4 orders: −$280.31
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$270.64
Costs to cover: 3.053%
Break-even: 101.3 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 51 min ago; Gate: live order book, 6 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), 51 min ago	130.01 bp	135.0 bp −$135	875.9 bp −$8,759	9405.5 bp −$940.6K	doesn't fit
Sell Gate live order book, 6 min ago	3.78 bp	17.4 bp −$17	29.1 bp −$291	45.2 bp −$4,518	60.2 bp −$30.1K

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	−0.0430%	1h	4.3954	+0.077%	$7.3M	$38.6M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3869	−0.116%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3703	−0.495%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USDlong	L +0.0004% / S −0.0006%	1h	4.3920	long leg	$164K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.716%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3850	−0.160%	$119K	$503K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3946	+0.059%	$2.8M	$4.8M	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3956	+0.081%	$221.5M	$429.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3970	+0.113%	$62.0M	$298.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3810	−0.251%	$229K	$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	4.3750	−0.388%	$252K	$3K	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.3972	+0.118%	$36.5M	$61.7M	75x
KuCoin NEARUSDTM	+0.0100%	8h	4.3990	+0.159%	$53.2M	$45.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3970	+0.113%	$72.7M	$127.7M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3688	−0.529%	$9.0M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3651	−0.613%	$253K	$894K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3670	−0.569%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3660	−0.593%	$166K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3830	−0.206%	$273K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3947	+0.061%	$59K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4000	+0.181%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3945	+0.056%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3950	+0.068%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3736	−0.419%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3914	−0.014%	$3.6M	$16.0M	25x	as long as short
Hyperliquid NEAR	+0.0110%	1h	4.3998	+0.177%	$354.5M	$317.2M	10x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.3950	+0.069%	$204K	$40K	3x	as long as short
Binance NEARUSDT	+0.0121%	8h	4.3981	+0.139%	$265.4M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0122%	8h	4.3960	+0.090%	$92.7M	$153.6M	200x	as long as short
BingX NEAR-USDC	+0.0133%	8h	4.3970	+0.113%	—	$6.6M	—	as long as short
Kalshi KXNEARPERP	+0.0153%	8h	4.3750	−0.388%	$886K	$25.2M	2.2x	as long as short
BloFin NEAR-USDT	+0.0242%	8h	4.3640	−0.638%	$12.5M	$32.2M	75x	as long as short
01 Exchange NEARUSD	+0.0264%	1h	4.3871	−0.112%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0312%	1h	4.3890	−0.069%	$1.7M	$3.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0248%	1h	4.3894	−0.060%	$256K	—	100x	as long as short
Lighter RH NEAR	+0.0376%	1h	4.4018	+0.222%	$1.5M	$6.4M	10x	as long as short
HTX NEAR-USDT	+0.0443%	8h	4.4010	+0.204%	$466K	$3.8M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3978	+0.131%	$2.3M	$17.2M	50x	as long as short
Lighter NEAR	+0.0552%	1h	4.4015	+0.215%	$17.4M	$23.8M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.0572%	1h	4.4024	+0.236%	$1.1M	$7.2M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.3811	−0.249%	$594K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.3735	−0.421%	$412K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.3729	−0.436%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1081%	1h	4.3666	−0.578%	$5K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1571%	1h	4.4010	+0.204%	$1.9M	$13.1M	25x	as long as short