Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Gate−0.103%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$500.501% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days+0.073%+$7 · spread now −0.103%, 7d avg −0.016%

Together, before fees+0.093%+$9 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: OKX is 0.086% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.2914	0.0100	pay 0.0100% / 8h	3h 02m	$31.9M	$62.7M	75x
Short	OKX NEAR-USDT-SWAP	4.2870	0.0100	get 0.0100% / 8h	3h 02m	$60.7M	$285.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → −0.016%: −$8.64
Slippage, 4 orders: −$25.08
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$58.72
Costs to cover: 0.501%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; OKX: 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	0.12 bp	15.6 bp −$16	24.1 bp −$241	43.7 bp −$4,366	60.0 bp −$30.0K
Sell OKX live order book, 2 min ago	1.16 bp	7.4 bp −$7	13.5 bp −$135	30.1 bp −$3,014	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	4.2867	−0.109%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2913	−0.003%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2881	−0.078%	$161K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.505%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.2973	+0.137%	$2.3M	$15.7M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2880	−0.079%	$110K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2920	+0.014%	$261.7M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2860	−0.126%	$212.3M	$426.3M	75x	as long as short
OKX NEAR-USDT-SWAPshort	+0.0100%	8h	4.2870	−0.103%	$60.7M	$285.1M	50x
Bulk NEAR-USD	+0.0100%	1h	4.2973	+0.137%	$245K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDTlong	+0.0100%	8h	4.2914	long leg	$31.9M	$62.7M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.2900	−0.033%	$72.5M	$147.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2910	−0.009%	$53.3M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2874	−0.093%	$70.9M	$127.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2890	−0.056%	—	$144.4M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2987	+0.171%	$8.1M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2977	+0.146%	$251K	$949K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2967	+0.124%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3190	+0.643%	$166K	$794K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2891	−0.054%	$267K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2977	+0.147%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3010	+0.224%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3060	+0.340%	$461K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3010	+0.224%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2919	+0.012%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2994	+0.187%	$200K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2980	+0.154%	$13.4M	$31.7M	75x	as long as short
Kalshi KXNEARPERP	+0.0250%	8h	4.2964	+0.117%	$777K	$23.9M	2.2x	as long as short
Pacifica NEAR	+0.0263%	1h	4.2944	+0.070%	$396K	$1.3M	10x	as long as short
SoDEX NEAR-USD	+0.0321%	1h	4.2955	+0.096%	$6K	$53K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0322% / S −0.0198%	1h	4.2883	−0.073%	$232K	—	100x	as long as short
Aster NEARUSDT	+0.0331%	8h	4.2888	−0.062%	$2.8M	$5.5M	50x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.2990	+0.177%	$13K	$7K	10x	as long as short
Extended NEAR-USD	+0.0544%	1h	4.2933	+0.043%	$3.7M	$19.8M	25x	as long as short
Hyperliquid NEAR	+0.0558%	1h	4.2893	−0.049%	$350.9M	$313.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0564%	1h	4.2977	+0.147%	$1.3M	$6.8M	20x	as long as short
Nado NEAR-PERP	+0.0566%	1h	4.2890	−0.056%	$1.8M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.2990	+0.177%	$211K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0717%	1h	4.2957	+0.100%	$7.5M	$38.9M	50x	as long as short
Lighter RH NEAR	+0.0912%	1h	4.3025	+0.259%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3300	+0.899%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1032%	1h	4.3033	+0.278%	$17.4M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.2937	+0.054%	$671K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1310%	1h	4.3010	+0.224%	$1.9M	$10.0M	25x	as long as short
Aftermath Perps NEARUSD	+0.1514%	1h	4.3057	+0.334%	$5K	$12K	10x	as long as short