Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.050%

Price spread now: Coinbase International against Gate−0.084%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$570.566% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.191%−$19 on $10k

Price spread, last 3 days (all we have)+0.408%+$41 · spread now −0.084%, 7d avg +0.004%

Together, before fees+0.217%+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Coinbase International is 0.088% cheaper against Gate than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.004%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.1429	0.0100	pay 0.0100% / 8h	2h 30m	$29.5M	$58.1M	75x
Short	Coinbase International NEAR-PERP-INTX	4.1394	−0.0024	pay 0.0003% / 1h	30m 22s	$2.1M	$12.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$26.04
Price spread: −0.084% → +0.004%: −$8.81
Slippage, 4 orders: −$31.59
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$91.44
Costs to cover: 0.566%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Coinbase International: live order book, 4 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, 4 min ago	1.92 bp	15.4 bp −$15	27.0 bp −$270	39.5 bp −$3,947	51.3 bp −$25.7K
Sell Coinbase International live order book, 4 min ago	6.02 bp	11.3 bp −$11	21.5 bp −$215	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	4.1407	−0.054%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTXshort	−0.0024%	1h	4.1394	−0.084%	$2.1M	$12.7M	50x
dYdX NEAR-USD	0.0000%	1h	4.1392	−0.088%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1482	+0.128%	$412K	$19.1M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.1460	+0.075%	$1.8M	$2.1M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1427	−0.005%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.0730	−1.687%	$569	$239K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1410	−0.046%	$108K	$490K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1403	−0.063%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1465	+0.087%	$2.9M	$5.9M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.1425	−0.009%	$366K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1515	+0.207%	$236.4M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1543	+0.275%	$211.5M	$429.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1420	−0.022%	$56.6M	$277.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1550	+0.292%	$237K	$6K	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.1429	long leg	$29.5M	$58.1M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.1420	−0.022%	$80.8M	$143.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1430	+0.002%	$56.0M	$45.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1478	+0.118%	$69.1M	$127.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1420	−0.022%	—	$136.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1573	+0.348%	$7.7M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1548	+0.288%	$236K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1528	+0.240%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1560	+0.316%	$183K	$790K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1431	+0.005%	$195K	$3.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1436	+0.017%	$53K	$159K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1460	+0.075%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1500	+0.171%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1490	+0.147%	$3.8M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1413	−0.039%	$3.7M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1433	+0.010%	$201K	$65K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1440	+0.027%	$307K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0149%	1h	4.1526	+0.233%	$7.1M	$36.7M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1610	+0.437%	$12.3M	$33.9M	75x	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.1431	+0.005%	$12K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0344%	1h	4.1390	−0.094%	$1.8M	$3.6M	10x	as long as short
Lighter RH NEAR	+0.0352%	1h	4.1593	+0.396%	$1.4M	$7.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0373% / S −0.0317%	1h	4.1423	−0.015%	$273K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1430	+0.003%	$414K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1650	+0.533%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0808%	1h	4.1588	+0.384%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0872%	1h	4.1597	+0.404%	$15.4M	$22.7M	15x	as long as short
Aftermath Perps NEARUSD	+0.0997%	1h	4.1447	+0.044%	$5K	$11K	10x	as long as short
Hyperliquid NEAR	+0.1074%	1h	4.1484	+0.133%	$349.0M	$301.6M	10x	as long as short
HTX NEAR-USDT	+0.1119%	8h	4.1510	+0.196%	$446K	$3.8M	75x	as long as short