Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Gate−0.123%7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$182as in the Price arb table

costs, in and out, $10k−$1661.656% of the position

Long on Gate Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 4 days (all we have)+0.538%+$54 · spread now −0.123%, 7d avg +0.036%

Together, before fees+0.569%+$57 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: Aevo is 0.159% cheaper against Gate than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.4600	0.0100	pay 0.0100% / 8h	4h 48m	$32.2M	$62.7M	75x
Short	Aevo NEAR-PERP	4.4545	0.0104	get 0.0013% / 1h	48m 27s	$207K	$40K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now −0.123%Rate

Funding earned: $0.84
Price spread: −0.123% → +0.036%: −$15.92
Slippage, 4 orders: −$134.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$180.72
Costs to cover: 1.656%
Break-even: 1513.0 days

Slippage from Gate: live order book, 5 min ago; Aevo: live order book, 10 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 Gate live order book, 5 min ago	3.46 bp	17.4 bp −$17	29.8 bp −$298	45.7 bp −$4,572	61.7 bp −$30.9K
Sell Aevo live order book, 10 min ago	58.10 bp	70.9 bp −$71	doesn't fit	doesn't fit	doesn't fit

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	4.4520	−0.179%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4520	−0.179%	$2.2M	$15.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4571	−0.065%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4527	−0.164%	$615K	$22.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4519	−0.182%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.152%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4620	+0.045%	$118K	$515K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4602	+0.005%	$426K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4630	+0.067%	$273.7M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4598	−0.004%	$223.5M	$424.5M	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	4.4570	−0.067%	$63.8M	$303.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5100	+1.121%	$257K	−$0	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.4600	long leg	$32.2M	$62.7M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.4560	−0.090%	$75.6M	$147.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4560	−0.090%	$55.3M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4539	−0.137%	$73.3M	$130.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4610	+0.022%	—	$147.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4797	+0.442%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4912	+0.700%	$269K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4926	+0.730%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4870	+0.605%	$172K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4612	+0.027%	$240K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4518	−0.184%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4600	0.000%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4529	−0.159%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4620	+0.045%	$464K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4580	−0.045%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4587	−0.029%	$32K	$608	10x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.4545	−0.123%	$207K	$40K	3x
Extended NEAR-USD	+0.0208%	1h	4.4583	−0.039%	$4.0M	$19.6M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0212%	1h	4.4644	+0.099%	$1.4M	$6.6M	20x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4660	+0.135%	$14.2M	$33.5M	75x	as long as short
01 Exchange NEARUSD	+0.0264%	1h	4.4638	+0.085%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0272%	1h	4.4605	+0.011%	$369.6M	$325.3M	10x	as long as short
Aster NEARUSDT	+0.0300%	8h	4.4598	−0.006%	$3.1M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0338% / S −0.0216%	1h	4.4508	−0.205%	$248K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0379%	1h	4.4536	−0.143%	$2.0M	$6.6M	25x	as long as short
Lighter RH NEAR	+0.0504%	1h	4.4641	+0.092%	$1.6M	$7.1M	10x	as long as short
Nado NEAR-PERP	+0.0512%	1h	4.4557	−0.096%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4670	+0.157%	$221K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0583%	1h	4.4571	−0.065%	$8.3M	$40.3M	50x	as long as short
Lighter NEAR	+0.0696%	1h	4.4662	+0.139%	$18.0M	$26.2M	15x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4822	+0.498%	$1.9M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4662	+0.139%	$564K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1574%	1h	4.4772	+0.386%	$6K	$12K	10x	as long as short