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 −0.129%

Price spread now: Gate against HTX−0.250%7-day average −0.271% · you buy dearer than you sell

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$680.676% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.602%−$60 on $10k

Price spread, last 4 days (all we have)−0.447%−$45 · spread now −0.250%, 7d avg −0.271%

Together, before fees−1.049%−$105 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 0.021% dearer against HTX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.271%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.3980	0.0100	pay 0.0100% / 8h	4h 01m	$455K	$4.0M	75x
Short	Gate NEAR_USDT	4.3870	0.0100	get 0.0100% / 8h	4h 01m	$31.9M	$64.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against HTX. 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 HTXbpFee GatebpOrdersPrice spread, now −0.250%Rate

Funding earned: $0
Price spread: −0.250% → −0.271%: $2.05
Slippage, 4 orders: −$40.57
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$65.52
Costs to cover: 0.676%
Break-even: never at this rate

Slippage from HTX: live order book, 2 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 HTX live order book, 2 min ago	7.94 bp	21.0 bp −$21	65.7 bp −$657	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.30 bp	15.0 bp −$15	22.7 bp −$227	42.5 bp −$4,254	59.3 bp −$29.7K

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	4.3858	−0.277%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.3920	−0.136%	$2.2M	$15.7M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3947	−0.075%	$623K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3858	−0.276%	$164K	—	150x	as long as short
dYdX NEAR-USD	+0.0008%	1h	4.3885	−0.216%	$108K	$69K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.844%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3880	−0.227%	$113K	$514K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3923	−0.129%	$418K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3930	−0.113%	$271.0M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3870	−0.250%	$221.1M	$423.6M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3910	−0.159%	$62.6M	$295.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3879	−0.231%	$250K	−$0	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.3870	−0.250%	$31.9M	$64.5M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.3970	−0.023%	$76.2M	$151.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3910	−0.159%	$54.7M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3917	−0.143%	$72.2M	$129.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3880	−0.227%	—	$146.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3767	−0.484%	$8.5M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3898	−0.187%	$263K	$964K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3891	−0.203%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3920	−0.136%	$169K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3903	−0.175%	$243K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3897	−0.189%	$57K	$244K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3970	−0.023%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDTlong	+0.0100%	8h	4.3980	long leg	$455K	$4.0M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3920	−0.136%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3874	−0.240%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3905	−0.171%	$204K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0210%	1h	4.3866	−0.259%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4030	+0.114%	$13.9M	$32.7M	75x	as long as short
Aster NEARUSDT	+0.0311%	8h	4.3910	−0.159%	$2.9M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0191%	1h	4.3883	−0.221%	$233K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0357%	1h	4.3910	−0.159%	$1.4M	$6.4M	20x	as long as short
01 Exchange NEARUSD	+0.0368%	1h	4.3959	−0.048%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0406%	1h	4.3934	−0.105%	$362.0M	$320.2M	10x	as long as short
Extended NEAR-USD	+0.0544%	1h	4.3891	−0.201%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0564%	1h	4.3869	−0.252%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.3950	−0.068%	$216K	$1.7M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0592%	1h	4.3873	−0.244%	$7.9M	$39.8M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0594%	1h	4.3887	−0.211%	$2.0M	$7.4M	25x	as long as short
Lighter RH NEAR	+0.0704%	1h	4.3951	−0.066%	$1.6M	$7.3M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.3964	−0.036%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.3950	−0.069%	$591K	$1.4M	10x	as long as short
Lighter NEAR	+0.1032%	1h	4.3970	−0.024%	$17.7M	$26.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1601%	1h	4.3952	−0.064%	$5K	$12K	10x	as long as short