Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Gate−0.072%7-day average +0.002% · 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−$310as in the Price arb table

costs, in and out, $10k−$3023.023% of the position

Long on Gate Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.103%−$10 on $10k

Price spread, last 4 days (all we have)+0.276%+$28 · spread now −0.072%, 7d avg +0.002%

Together, before fees+0.172%+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.074% cheaper against Gate than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.5051	0.0100	pay 0.0100% / 8h	4h 09m	$42.1M	$65.3M	75x
Short	gTrade (Gains Network) NEAR/USD	4.5019	L +0.0004% / S −0.0007%	get 0.0001% / 1h	9m 56s	$168K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.072%Rate

Funding earned: −$19.62
Price spread: −0.072% → +0.002%: −$7.36
Slippage, 4 orders: −$277.29
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$329.27
Costs to cover: 3.023%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle exchange), 32 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	2.11 bp	14.2 bp −$14	23.5 bp −$235	38.1 bp −$3,808	51.2 bp −$25.6K
Sell gTrade (Gains Network) virtual book (oracle exchange), 32 min ago	130.01 bp	137.7 bp −$138	1007.8 bp −$10.1K	doesn't fit	doesn't fit

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	−0.0379%	1h	4.5013	−0.084%	$7.5M	$37.0M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.5013	−0.085%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4964	−0.193%	$110K	$53K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5010	−0.091%	$874K	$27.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USDshort	L +0.0004% / S −0.0007%	1h	4.5019	−0.072%	$168K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.082%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4990	−0.135%	$122K	$530K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5052	+0.002%	$2.6M	$5.3M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5052	+0.003%	$269.1M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5067	+0.036%	$232.2M	$430.2M	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	4.5040	−0.024%	$64.1M	$310.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5150	+0.220%	$278K	$25K	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.5051	long leg	$42.1M	$65.3M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.5050	−0.002%	$78.8M	$177.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5050	−0.002%	$55.0M	$45.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5015	−0.080%	$75.2M	$129.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.5050	−0.002%	—	$78.0M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4953	−0.218%	$8.7M	$15.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5032	−0.041%	$249K	$859K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4980	−0.158%	$1.5M	$1.9M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5230	+0.397%	$170K	$819K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5044	−0.016%	$195K	$4.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5029	−0.049%	$56K	$255K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5050	−0.002%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5045	−0.013%	$6K	$36K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5100	+0.109%	$469K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5060	+0.020%	$3.2M	$8.5M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4998	−0.119%	$32K	$389	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5014	−0.082%	$3.7M	$15.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5020	−0.069%	$209K	$34K	3x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0185% / S +0.0013%	1h	4.5021	−0.066%	$217K	—	100x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4980	−0.158%	$12.9M	$32.0M	75x	as long as short
Hyperliquid NEAR	+0.0241%	1h	4.5023	−0.061%	$361.3M	$314.9M	10x	as long as short
Arcus NEAR-USD	+0.0253%	1h	4.5000	−0.113%	$227K	$1.4M	10x	as long as short
Lighter RH NEAR	+0.0288%	1h	4.5095	+0.098%	$1.6M	$6.0M	10x	as long as short
01 Exchange NEARUSD	+0.0296%	1h	4.4993	−0.129%	$13K	$4K	10x	as long as short
Nado NEAR-PERP	+0.0394%	1h	4.4985	−0.147%	$1.8M	$3.2M	10x	as long as short
RISEx NEAR/USDC	+0.0478%	1h	4.5007	−0.098%	$564K	$1.8M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0544%	1h	4.5060	+0.020%	$2.3M	$17.9M	50x	as long as short
Pacifica NEAR	+0.0687%	1h	4.5006	−0.100%	$425K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0733%	1h	4.5191	+0.311%	$1.7M	$2.6M	10x	as long as short
Lighter NEAR	+0.0752%	1h	4.5124	+0.162%	$17.8M	$26.8M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.0786%	1h	4.5040	−0.024%	$1.1M	$7.2M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0839%	1h	4.5065	+0.031%	$1.9M	$13.0M	25x	as long as short
Aftermath Perps NEARUSD	+0.1024%	1h	4.5138	+0.192%	$6K	$6K	10x	as long as short