Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.058%

Price spread now: Gate against Injective+5.858%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 5.858% dearer against Injective than usual: you sell high and buy low: +$586 more if the spread 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	Injective NEAR/USDC PERP	4.1410	0.0033	pay 0.0004% / 1h	0m 28s	$578	$302K	12x
Short	Gate NEAR_USDT	4.3836	0.0100	get 0.0100% / 8h	4h 00m	$31.9M	$64.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Injective. 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 InjectivebpFee GatebpOrdersPrice spread, now +5.858%Rate

Funding earned: $14
Price spread: +5.858% → 0.000%: $585.85
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $584.83
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Gate: live order book, 3 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	3.30 bp	15.0 bp −$15	22.7 bp −$227	42.5 bp −$4,254	59.3 bp −$29.7K

Injective: 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
Reya NEARRUSDPERP	−0.0171%	1h	4.3901	+6.015%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.3967	+6.175%	$2.2M	$15.7M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3947	+6.127%	$623K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3865	+5.929%	$164K	—	150x	as long as short
dYdX NEAR-USD	+0.0007%	1h	4.3826	+5.835%	$108K	$69K	10x	as long as short
Injective NEAR/USDC PERPlong	+0.0033%	1h	4.1410	long leg	$578	$302K	12x
Popdex NEARUSDT	+0.0096%	1h	4.3850	+5.892%	$113K	$508K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3851	+5.894%	$417K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3890	+5.990%	$270.9M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3830	+5.844%	$221.0M	$423.4M	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	4.3840	+5.868%	$62.5M	$294.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3879	+5.961%	$250K	−$0	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.3836	+5.858%	$31.9M	$64.5M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.3850	+5.892%	$75.9M	$151.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3840	+5.868%	$54.6M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3829	+5.842%	$72.0M	$129.5M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3850	+5.892%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3907	+6.031%	$8.5M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3992	+6.236%	$264K	$965K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3988	+6.227%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3990	+6.230%	$169K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3938	+6.105%	$244K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3900	+6.013%	$57K	$244K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4010	+6.279%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4080	+6.448%	$456K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3940	+6.110%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3777	+5.716%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3925	+6.075%	$204K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0215%	1h	4.3880	+5.965%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3900	+6.013%	$13.9M	$32.6M	75x	as long as short
Aster NEARUSDT	+0.0311%	8h	4.3890	+5.989%	$2.9M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0191%	1h	4.3873	+5.947%	$233K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0363%	1h	4.3900	+6.013%	$1.4M	$6.4M	20x	as long as short
01 Exchange NEARUSD	+0.0368%	1h	4.3901	+6.015%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0409%	1h	4.3849	+5.889%	$361.3M	$320.2M	10x	as long as short
Extended NEAR-USD	+0.0552%	1h	4.3820	+5.820%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0567%	1h	4.3840	+5.868%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.3910	+6.037%	$216K	$1.7M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0592%	1h	4.3889	+5.986%	$7.9M	$39.8M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0639%	1h	4.3908	+6.032%	$2.0M	$7.4M	25x	as long as short
Lighter RH NEAR	+0.0712%	1h	4.3912	+6.042%	$1.6M	$7.3M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4008	+6.274%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.3899	+6.011%	$599K	$1.4M	10x	as long as short
Lighter NEAR	+0.1032%	1h	4.3935	+6.098%	$17.7M	$26.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1607%	1h	4.3963	+6.164%	$5K	$12K	10x	as long as short