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 −0.002%

Price spread now: Bybit against Gate−0.046%7-day average −0.014% · 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−$51as in the Price arb table

costs, in and out, $10k−$480.476% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days+0.044%+$4 · spread now −0.046%, 7d avg −0.014%

Together, before fees+0.021%+$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: Bybit is 0.032% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it 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	Gate NEAR_USDT	4.3230	0.0100	pay 0.0100% / 8h	57m 34s	$30.7M	$58.2M	75x
Short	Bybit NEARUSDT	4.3210	0.0100	get 0.0100% / 8h	57m 34s	$222.7M	$420.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → −0.014%: −$3.22
Slippage, 4 orders: −$21.6
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$50.83
Costs to cover: 0.476%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 2 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, 1 min ago	3.01 bp	11.8 bp −$12	16.2 bp −$162	31.9 bp −$3,185	51.2 bp −$25.6K
Sell Bybit live order book, 2 min ago	1.16 bp	8.9 bp −$9	13.4 bp −$134	29.5 bp −$2,951	126.6 bp −$63.3K

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	4.3154	−0.175%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.3138	−0.213%	$2.2M	$13.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3229	−0.003%	$112K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3183	−0.109%	$414K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3173	−0.133%	$208K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.210%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3230	0.000%	$107K	$494K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3226	−0.009%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3276	+0.107%	$3.1M	$5.6M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3243	+0.031%	$406K	$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	4.3236	+0.013%	$253.0M	$1.07B	75x	as long as short
Bybit NEARUSDTshort	+0.0100%	8h	4.3210	−0.046%	$222.7M	$420.8M	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3200	−0.069%	$61.5M	$287.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3230	0.000%	$199K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3063	−0.387%	$245K	$2K	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.3230	long leg	$30.7M	$58.2M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.3230	0.000%	$82.9M	$138.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3230	0.000%	$56.7M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3209	−0.049%	$71.9M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3210	−0.046%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3069	−0.372%	$8.0M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3096	−0.311%	$269K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3088	−0.329%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2890	−0.786%	$179K	$788K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3185	−0.104%	$213K	$3.3M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3187	−0.099%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3210	−0.046%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3150	−0.185%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3150	−0.185%	$4.0M	$8.1M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3203	−0.062%	$4.0M	$14.8M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3146	−0.195%	$208K	$62K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0117%	1h	4.3175	−0.126%	$7.8M	$36.3M	50x	as long as short
Lighter RH NEAR	+0.0128%	1h	4.3272	+0.097%	$1.5M	$7.0M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3120	−0.254%	$12.8M	$33.2M	75x	as long as short
01 Exchange NEARUSD	+0.0256%	1h	4.3275	+0.104%	$13K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0352%	1h	4.3188	−0.097%	$1.9M	$2.3M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0391% / S −0.0335%	1h	4.3173	−0.132%	$295K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.3253	+0.054%	$417K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0489%	1h	4.3275	+0.104%	$1.3M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0542%	1h	4.2966	−0.611%	$1.8M	$2.6M	10x	as long as short
Nado NEAR-PERP	+0.0634%	1h	4.3139	−0.211%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0916%	8h	4.3200	−0.069%	$461K	$3.6M	75x	as long as short
Aftermath Perps NEARUSD	+0.1095%	1h	4.2990	−0.556%	$5K	$11K	10x	as long as short
Hyperliquid NEAR	+0.1640%	1h	4.3311	+0.187%	$374.0M	$299.5M	10x	as long as short
Lighter NEAR	+0.1840%	1h	4.3356	+0.292%	$16.7M	$23.5M	15x	as long as short