Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: MEXC against gTrade (Gains Network)+0.018%7-day average −0.014% · 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−$273as in the Price arb table

costs, in and out, $10k−$2762.760% of the position

Long on gTrade (Gains Network)Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.096%+$10 on $10k

Price spread, last 4 days (all we have)−0.975%−$97 · spread now +0.018%, 7d avg −0.014%

Together, before fees−0.878%−$88 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 MEXC is 0.032% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) NEAR/USD	4.4212	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	30m 40s	$199K	—	150x
Short	MEXC NEAR_USDT	4.4220	0.0100	get 0.0100% / 8h	5h 30m	$76.0M	$142.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.018%Rate

Funding earned: $20.11
Price spread: +0.018% → −0.014%: $3.15
Slippage, 4 orders: −$265.97
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$252.7
Costs to cover: 2.760%
Break-even: 94.9 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 33 min ago; MEXC: 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 gTrade (Gains Network) virtual book (oracle venue), 33 min ago	130.01 bp	135.0 bp −$135	875.9 bp −$8,759	9405.5 bp −$940.5K	doesn't fit
Sell MEXC live order book, 3 min ago	1.13 bp	1.1 bp −$1	3.8 bp −$38	15.9 bp −$1,586	88.1 bp −$44.0K

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	4.4169	−0.097%	$2K	—	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	−0.0044%	1h	4.4161	−0.116%	$1.9M	$4.4M	25x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4183	−0.066%	$2.2M	$14.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4232	+0.045%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4213	+0.002%	$645K	$19.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USDlong	L +0.0004% / S −0.0004%	1h	4.4212	long leg	$199K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.338%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4150	−0.140%	$116K	$489K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4242	+0.067%	$418K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4241	+0.066%	$268.6M	$1.08B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.4206	−0.014%	$222.3M	$419.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4180	−0.073%	$63.4M	$292.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	+0.472%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4297	+0.192%	$32.0M	$62.8M	75x	as long as short
MEXC NEAR_USDTshort	+0.0100%	8h	4.4220	+0.018%	$76.0M	$142.9M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.4270	+0.131%	$55.5M	$44.3M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4303	+0.206%	$73.0M	$127.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4290	+0.176%	—	$145.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4186	−0.059%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4477	+0.600%	$267K	$989K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4540	+0.742%	$1.5M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4192	−0.045%	$211K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4178	−0.077%	$60K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4210	−0.005%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4170	−0.095%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4360	+0.335%	$461K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4160	−0.118%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4201	−0.026%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4297	+0.193%	$3.8M	$18.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4200	−0.027%	$206K	$34K	3x	as long as short
ApeX Omni NEARUSDT	+0.0186%	1h	4.4450	+0.538%	$172K	$793K	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4160	−0.118%	$13.6M	$31.2M	75x	as long as short
Aster NEARUSDT	+0.0234%	8h	4.4273	+0.139%	$3.0M	$5.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0351% / S −0.0245%	1h	4.4218	+0.013%	$260K	—	100x	as long as short
Nado NEAR-PERP	+0.0387%	1h	4.4175	−0.084%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.4146	−0.150%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4350	+0.312%	$211K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0600%	1h	4.4166	−0.104%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0698%	1h	4.4158	−0.123%	$8.2M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0760%	1h	4.4348	+0.307%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0767%	1h	4.4305	+0.210%	$369.1M	$308.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4463	+0.567%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4371	+0.359%	$559K	$1.3M	10x	as long as short
Lighter NEAR	+0.1312%	1h	4.4300	+0.199%	$17.7M	$25.9M	15x	as long as short
Aftermath Perps NEARUSD	+0.1706%	1h	4.4245	+0.075%	$6K	$12K	10x	as long as short