Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against MEXC+0.012%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days−0.025%−$2 · spread now +0.012%, 7d avg −0.008%

Together, before fees−0.016%−$2 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 MEXC than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.1190	0.0100	pay 0.0100% / 8h	2h 20m	$80.7M	$144.2M	200x
Short	Gate NEAR_USDT	4.1195	0.0100	get 0.0100% / 8h	2h 20m	$29.3M	$58.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against MEXC. 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 MEXCbpFee GatebpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → −0.008%: $2.06
Slippage, 4 orders: −$19.23
Fee MEXC: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$32.16
Costs to cover: 0.342%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Gate: live order book, 4 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 MEXC live order book, 4 min ago	1.21 bp	2.7 bp −$3	4.5 bp −$45	12.6 bp −$1,265	46.7 bp −$23.4K
Sell Gate live order book, 4 min ago	3.39 bp	16.7 bp −$17	26.3 bp −$263	41.2 bp −$4,125	54.6 bp −$27.3K

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	4.1192	+0.004%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1220	+0.073%	$2.1M	$12.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1169	−0.051%	$103K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1185	−0.012%	$410K	$19.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1212	+0.054%	$204K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	+0.534%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1160	−0.073%	$108K	$489K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1216	+0.063%	$53K	$159K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1154	−0.087%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1201	+0.028%	$2.9M	$5.9M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.1160	−0.073%	$364K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1230	+0.097%	$234.9M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1220	+0.073%	$209.7M	$428.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1240	+0.121%	$56.3M	$275.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1200	+0.024%	$235K	$6K	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.1195	+0.012%	$29.3M	$58.2M	75x
MEXC NEAR_USDTlong	+0.0100%	8h	4.1190	long leg	$80.7M	$144.2M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.1170	−0.049%	$55.6M	$45.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1207	+0.041%	$68.5M	$127.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1190	0.000%	—	$136.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1083	−0.260%	$7.7M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1292	+0.247%	$235K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1258	+0.166%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1290	+0.243%	$181K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1226	+0.087%	$205K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1250	+0.146%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1215	+0.061%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1230	+0.097%	$3.8M	$8.3M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1195	+0.013%	$3.7M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1204	+0.034%	$200K	$65K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1180	−0.024%	$305K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0150%	1h	4.1236	+0.111%	$7.0M	$36.5M	50x	as long as short
01 Exchange NEARUSD	+0.0200%	1h	4.1168	−0.053%	$12K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0211%	1h	4.1249	+0.143%	$1.8M	$2.1M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1120	−0.170%	$12.3M	$33.5M	75x	as long as short
Lighter RH NEAR	+0.0288%	1h	4.1280	+0.218%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0363%	1h	4.1170	−0.049%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0317%	1h	4.1209	+0.046%	$271K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1184	−0.014%	$411K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1304	+0.277%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0766%	1h	4.1216	+0.063%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0816%	1h	4.1290	+0.242%	$15.2M	$23.0M	15x	as long as short
Hyperliquid NEAR	+0.0954%	1h	4.1258	+0.165%	$346.3M	$299.6M	10x	as long as short
Aftermath Perps NEARUSD	+0.0994%	1h	4.1317	+0.308%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1096%	8h	4.1300	+0.267%	$444K	$3.7M	75x	as long as short