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 +0.020%

Price spread now: Gate against GRVT+0.431%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$720.721% of the position

Long on GRVT Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 7 days−0.466%−$47 · spread now +0.431%, 7d avg −0.016%

Together, before fees−0.478%+ Points / potential airdropGRVT: Active · farm board−$48 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: Gate is 0.448% dearer against GRVT than usual: you sell high and buy low, +$45 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	GRVT NEAR_USDT_Perp	4.3820	0.0100	pay 0.0100% / 8h	6h 27m	$1.5M	$1.3M	10x
Short	Gate NEAR_USDT	4.4009	0.0100	get 0.0100% / 8h	6h 27m	$31.8M	$61.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against GRVT. 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 GRVTbpFee GatebpOrdersPrice spread, now +0.431%Rate

Funding earned: $0
Price spread: +0.431% → −0.016%: $44.77
Slippage, 4 orders: −$48.07
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$27.3
Costs to cover: 0.721%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; Gate: 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 GRVT live order book, 1 min ago	2.27 bp	17.9 bp −$18	42.6 bp −$426	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.19 bp	22.6 bp −$23	33.9 bp −$339	51.6 bp −$5,162	73.3 bp −$36.7K

NEAR on 44 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	4.4035	+0.490%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.4099	+0.637%	$2.2M	$13.9M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4062	+0.551%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4063	+0.555%	$614K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4013	+0.442%	$159K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.500%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0059%	8h	4.3918	+0.224%	$8.5M	$18.7M	—	as long as short
Phemex NEARUSDT	+0.0062%	8h	4.4000	+0.411%	$3.9M	$8.2M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4080	+0.593%	$113K	$481K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4094	+0.626%	$417K	$1.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.4050	+0.525%	$265.8M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3995	+0.399%	$223.2M	$418.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3990	+0.388%	$62.4M	$286.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4150	+0.753%	$209K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	−0.846%	$248K	−$0	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.4009	+0.431%	$31.8M	$61.5M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.4030	+0.479%	$76.0M	$139.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4040	+0.502%	$56.3M	$42.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4015	+0.445%	$72.9M	$123.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4020	+0.456%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3854	+0.078%	$271K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perplong	+0.0100%	8h	4.3820	long leg	$1.5M	$1.3M	10x
ApeX Omni NEARUSDT	+0.0100%	1h	4.3860	+0.091%	$182K	$767K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4100	+0.639%	$219K	$3.5M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4037	+0.495%	$59K	$189K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4080	+0.593%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3995	+0.399%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4130	+0.707%	$455K	$3.9M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4064	+0.558%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3990	+0.387%	$3.8M	$18.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4005	+0.422%	$205K	$34K	3x	as long as short
Aster NEARUSDT	+0.0157%	8h	4.4070	+0.571%	$3.1M	$5.7M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0215%	1h	4.4007	+0.427%	$7.7M	$40.0M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0349% / S −0.0257%	1h	4.4018	+0.451%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0398%	1h	4.4064	+0.557%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0400%	1h	4.4135	+0.719%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.4153	+0.759%	$560K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0523%	1h	4.4041	+0.504%	$1.9M	$4.2M	25x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4243	+0.965%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0792%	1h	4.4078	+0.589%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0853%	1h	4.4098	+0.634%	$372.6M	$307.6M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0916%	1h	4.4073	+0.577%	$1.4M	$6.0M	20x	as long as short
Aftermath Perps NEARUSD	+0.1499%	1h	4.3899	+0.180%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1624%	1h	4.4123	+0.690%	$17.7M	$25.0M	15x	as long as short