Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%

Price spread now: SoDEX against Gate−0.052%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.052% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.4128	0.0100	pay 0.0100% / 8h	7h 46m	$36.6M	$61.8M	75x
Short	SoDEX NEAR-USD	4.4105	0.0100	get 0.0013% / 1h	46m 50s	$5K	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → 0.000%: −$5.21
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$28.21
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; SoDEX: no order-book sample. Net counts fees only.

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	1.60 bp	16.3 bp −$16	20.0 bp −$200	33.6 bp −$3,357	50.2 bp −$25.1K
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Phemex NEARUSDT	−0.0905%	8h	4.4100	−0.063%	$3.6M	$8.2M	50x	as long as short
Kraken Futures PF_NEARUSD	−0.0428%	1h	4.4087	−0.093%	$7.3M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4043	−0.192%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4043	−0.194%	$108K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4100	−0.064%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.159%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4000	−0.290%	$117K	$504K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4140	+0.028%	$2.8M	$4.8M	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4120	−0.018%	$223.9M	$430.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4130	+0.005%	$62.2M	$299.9M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.4020	−0.245%	$230K	$1.5M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	−0.857%	$252K	$3K	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.4128	long leg	$36.6M	$61.8M	75x
KuCoin NEARUSDTM	+0.0100%	8h	4.4160	+0.073%	$53.5M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4126	−0.005%	$72.9M	$127.9M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3688	−0.998%	$9.0M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3658	−1.065%	$253K	$895K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3670	−1.038%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3680	−1.015%	$167K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4010	−0.267%	$275K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4128	0.000%	$59K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4190	+0.141%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USDshort	+0.0100%	1h	4.4105	−0.052%	$5K	$50K	10x
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3994	−0.304%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4124	−0.010%	$3.7M	$16.0M	25x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.4118	−0.023%	$205K	$40K	3x	as long as short
MEXC NEAR_USDT	+0.0120%	8h	4.4130	+0.005%	$92.8M	$154.6M	200x	as long as short
Binance NEARUSDT	+0.0121%	8h	4.4160	+0.073%	$266.5M	$1.09B	75x	as long as short
BingX NEAR-USDC	+0.0133%	8h	4.4140	+0.027%	—	$6.7M	—	as long as short
Hyperliquid NEAR	+0.0148%	1h	4.4142	+0.032%	$356.2M	$317.8M	10x	as long as short
Kalshi KXNEARPERP	+0.0152%	8h	4.4079	−0.111%	$879K	$25.3M	2.2x	as long as short
BloFin NEAR-USDT	+0.0241%	8h	4.4080	−0.109%	$12.7M	$32.6M	75x	as long as short
Nado NEAR-PERP	+0.0264%	1h	4.4003	−0.284%	$1.7M	$3.2M	10x	as long as short
01 Exchange NEARUSD	+0.0272%	1h	4.4014	−0.258%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0249%	1h	4.4092	−0.082%	$257K	—	100x	as long as short
Lighter RH NEAR	+0.0352%	1h	4.4151	+0.052%	$1.5M	$6.4M	10x	as long as short
HTX NEAR-USDT	+0.0460%	8h	4.4180	+0.118%	$468K	$3.8M	75x	as long as short
Lighter NEAR	+0.0472%	1h	4.4157	+0.066%	$17.4M	$23.8M	15x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.4186	+0.131%	$2.3M	$17.3M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0598%	1h	4.4161	+0.075%	$1.1M	$7.2M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.3811	−0.718%	$594K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.4054	−0.168%	$415K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.3729	−0.904%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1084%	1h	4.3741	−0.878%	$5K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.2313%	1h	4.4203	+0.170%	$1.9M	$13.1M	25x	as long as short