Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against Gate−1.148%7-day average +0.031% · 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−$179as in the Price arb table

costs, in and out, $10k−$610.607% of the position

Long on Gate Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.615%+$61 · spread now −1.148%, 7d avg +0.031%

Together, before fees+0.612%+$61 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: Bulk is 1.179% cheaper against Gate than usual: you would sell low and buy high, −$118 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.4157	0.0100	pay 0.0100% / 8h	5h 41m	$31.7M	$62.0M	75x
Short	Bulk NEAR-USD	4.3650	0.0100	get 0.0013% / 1h	41m 43s	$249K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −1.148%Rate

Funding earned: $0
Price spread: −1.148% → +0.031%: −$117.87
Slippage, 4 orders: −$38.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$178.58
Costs to cover: 0.607%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Bulk: live order book, 22 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, 2 min ago	2.05 bp	14.1 bp −$14	18.4 bp −$184	32.1 bp −$3,206	47.4 bp −$23.7K
Sell Bulk live order book, 22 min ago	11.45 bp	15.0 bp −$15	15.0 bp −$150	35.6 bp −$3,556	59.8 bp −$29.9K

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	4.4144	−0.030%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4129	−0.063%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4176	+0.043%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4175	+0.041%	$554K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4189	+0.072%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.221%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4140	−0.038%	$116K	$484K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4196	+0.087%	$417K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4192	+0.080%	$268.9M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4220	+0.143%	$223.1M	$417.2M	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	4.4190	+0.075%	$62.8M	$291.8M	50x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.3650	−1.148%	$249K	−$0	10x
Gate NEAR_USDTlong	+0.0100%	8h	4.4157	long leg	$31.7M	$62.0M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.4180	+0.052%	$75.7M	$140.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4200	+0.097%	$55.5M	$44.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4129	−0.063%	$72.5M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4170	+0.029%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3557	−1.358%	$8.4M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3587	−1.292%	$261K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3605	−1.250%	$1.4M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4184	+0.061%	$206K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4202	+0.102%	$62K	$192K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4240	+0.188%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4195	+0.086%	$5K	$50K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4300	+0.324%	$461K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4190	+0.075%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4139	−0.040%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4161	+0.009%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4206	+0.112%	$206K	$34K	3x	as long as short
ApeX Omni NEARUSDT	+0.0134%	1h	4.3630	−1.193%	$198K	$779K	50x	as long as short
Aster NEARUSDT	+0.0218%	8h	4.4210	+0.120%	$3.0M	$5.5M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4180	+0.052%	$13.9M	$30.9M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0351% / S −0.0245%	1h	4.4189	+0.073%	$259K	—	100x	as long as short
Nado NEAR-PERP	+0.0360%	1h	4.4133	−0.055%	$1.9M	$3.0M	10x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.4192	+0.079%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4200	+0.097%	$210K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0683%	1h	4.4298	+0.319%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0696%	1h	4.4238	+0.184%	$8.3M	$41.0M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0723%	1h	4.4221	+0.145%	$1.9M	$4.3M	25x	as long as short
Hyperliquid NEAR	+0.0794%	1h	4.4199	+0.095%	$372.0M	$305.4M	10x	as long as short
Lighter RH NEAR	+0.0800%	1h	4.4252	+0.215%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3792	−0.827%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4177	+0.045%	$558K	$1.3M	10x	as long as short
Lighter NEAR	+0.1416%	1h	4.4269	+0.254%	$17.7M	$25.7M	15x	as long as short
Aftermath Perps NEARUSD	+0.1727%	1h	4.3843	−0.711%	$6K	$12K	10x	as long as short