Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Gate−0.050%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$440.442% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 7 days+0.073%+$7 · spread now −0.050%, 7d avg 0.000%

Together, before fees+0.015%+$2 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: BingX is 0.051% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.1601	0.0100	pay 0.0100% / 8h	2h 34m	$29.7M	$58.1M	75x
Short	BingX NEAR-USDT	4.1580	0.0100	get 0.0100% / 8h	2h 34m	—	$136.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.050%Rate

Funding earned: $0
Price spread: −0.050% → 0.000%: −$5.05
Slippage, 4 orders: −$19.25
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$49.3
Costs to cover: 0.442%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; BingX: 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	0.97 bp	17.0 bp −$17	25.0 bp −$250	38.8 bp −$3,881	53.7 bp −$26.9K
Sell BingX live order book, 10 min ago	1.22 bp	6.2 bp −$6	8.2 bp −$82	15.2 bp −$1,518	36.4 bp −$18.2K

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	4.1563	−0.091%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1572	−0.070%	$2.1M	$12.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1488	−0.272%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1523	−0.187%	$413K	$19.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1575	−0.062%	$206K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.0730	−2.094%	$569	$239K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1550	−0.123%	$107K	$489K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1500	−0.243%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1590	−0.026%	$2.9M	$5.9M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1500	−0.243%	$367K	$1.2M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.1609	+0.019%	$237.0M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1590	−0.026%	$211.9M	$428.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1570	−0.075%	$56.8M	$278.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1240	−0.868%	$235K	$6K	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.1601	long leg	$29.7M	$58.1M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.1590	−0.026%	$81.4M	$142.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1610	+0.022%	$56.5M	$45.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1593	−0.019%	$69.3M	$127.8M	75x	as long as short
BingX NEAR-USDTshort	+0.0100%	8h	4.1580	−0.050%	—	$136.6M	—
Variational Omni NEAR	+0.0100%	8h	4.1354	−0.595%	$7.6M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1283	−0.765%	$235K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1402	−0.478%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1450	−0.363%	$182K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1596	−0.012%	$206K	$3.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1570	−0.075%	$54K	$159K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1620	+0.046%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1570	−0.075%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1540	−0.147%	$3.8M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1553	−0.116%	$3.6M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1560	−0.099%	$201K	$65K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1570	−0.075%	$308K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0149%	1h	4.1587	−0.035%	$7.1M	$36.7M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0159%	1h	4.1606	+0.012%	$1.8M	$2.1M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1490	−0.267%	$12.2M	$33.7M	75x	as long as short
01 Exchange NEARUSD	+0.0256%	1h	4.1575	−0.062%	$12K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0328%	1h	4.1565	−0.087%	$1.8M	$3.6M	10x	as long as short
Lighter RH NEAR	+0.0344%	1h	4.1634	+0.079%	$1.4M	$7.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0374% / S −0.0317%	1h	4.1574	−0.064%	$274K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1577	−0.058%	$417K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1503	−0.236%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0818%	1h	4.1644	+0.103%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0896%	1h	4.1658	+0.138%	$15.5M	$22.7M	15x	as long as short
Aftermath Perps NEARUSD	+0.1014%	1h	4.1378	−0.536%	$5K	$11K	10x	as long as short
Hyperliquid NEAR	+0.1093%	1h	4.1663	+0.149%	$351.2M	$301.0M	10x	as long as short
HTX NEAR-USDT	+0.1128%	8h	4.1640	+0.094%	$450K	$3.8M	75x	as long as short