Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.029%

Price spread now: dYdX against Gate+0.001%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1501.503% of the position

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

Price spread, last 4 days (all we have)−0.308%−$31 · spread now +0.001%, 7d avg −0.002%

Together, before fees−0.490%−$49 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.4797	0.0100	pay 0.0100% / 8h	4h 51m	$41.0M	$61.5M	75x
Short	dYdX NEAR-USD	4.4797	0	get 0.0000% / 1h	51m 39s	$110K	$53K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$21
Price spread: +0.001% → −0.002%: $0.25
Slippage, 4 orders: −$125.27
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$171.02
Costs to cover: 1.503%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; dYdX: live order book, 55 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	2.45 bp	14.0 bp −$14	21.5 bp −$215	40.0 bp −$4,004	55.3 bp −$27.6K
Sell dYdX live order book, 55 min ago	28.98 bp	84.7 bp −$85	123.8 bp −$1,238	143.7 bp −$14.4K	190.7 bp −$95.4K

NEAR on 45 exchanges

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
Kraken Futures PF_NEARUSD	−0.0380%	1h	4.4838	+0.092%	$7.3M	$37.1M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4808	+0.025%	$2K	—	20x	as long as short
dYdX NEAR-USDshort	0.0000%	1h	4.4797	+0.001%	$110K	$53K	10x
Kalshi KXNEARPERP	0.0000%	8h	4.4785	−0.027%	$921K	$26.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4855	+0.129%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.561%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4820	+0.051%	$124K	$506K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4813	+0.035%	$2.7M	$4.9M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4807	+0.022%	$270.6M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4766	−0.069%	$229.8M	$429.8M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4750	−0.105%	$63.7M	$300.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4850	+0.118%	$276K	$24K	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.4797	long leg	$41.0M	$61.5M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.4820	+0.051%	$76.7M	$168.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4830	+0.074%	$53.9M	$44.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4757	−0.089%	$74.5M	$127.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4820	+0.051%	—	$74.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4813	+0.036%	$8.8M	$16.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4809	+0.027%	$265K	$862K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4800	+0.007%	$1.5M	$1.9M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4830	+0.074%	$168K	$809K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4839	+0.094%	$189K	$4.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4862	+0.145%	$55K	$273K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4960	+0.364%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4850	+0.118%	$5K	$34K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4840	+0.096%	$463K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4850	+0.118%	$3.4M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4761	−0.079%	$32K	$389	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4775	−0.050%	$3.7M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4849	+0.116%	$209K	$38K	3x	as long as short
Lighter NEAR	+0.0152%	1h	4.4841	+0.098%	$17.0M	$24.6M	15x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0191% / S −0.0033%	1h	4.4841	+0.099%	$241K	—	100x	as long as short
Hyperliquid NEAR	+0.0191%	1h	4.4850	+0.118%	$360.3M	$312.0M	10x	as long as short
01 Exchange NEARUSD	+0.0192%	1h	4.4837	+0.089%	$13K	$4K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4870	+0.163%	$12.8M	$32.5M	75x	as long as short
Lighter RH NEAR	+0.0224%	1h	4.4855	+0.129%	$1.6M	$5.7M	10x	as long as short
Arcus NEAR-USD	+0.0253%	1h	4.4790	−0.016%	$226K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.0478%	1h	4.4848	+0.113%	$642K	$1.6M	10x	as long as short
Nado NEAR-PERP	+0.0486%	1h	4.4835	+0.085%	$1.8M	$3.1M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0544%	1h	4.4968	+0.382%	$2.3M	$17.6M	50x	as long as short
Pacifica NEAR	+0.0687%	1h	4.4819	+0.048%	$422K	$1.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0706%	1h	4.4863	+0.147%	$1.1M	$7.2M	20x	as long as short
Phoenix NEAR	+0.0733%	1h	4.4926	+0.288%	$1.7M	$2.6M	10x	as long as short
Aftermath Perps NEARUSD	+0.0940%	1h	4.4873	+0.170%	$6K	$6K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1378%	1h	4.4920	+0.275%	$1.9M	$13.0M	25x	as long as short