Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against OKX−0.070%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$299as in the Price arb table

costs, in and out, $10k−$2882.884% of the position

Long on OKX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.087%−$9 on $10k

Price spread, last 3 days (all we have)+0.271%+$27 · spread now −0.070%, 7d avg +0.034%

Together, before fees+0.185%+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.104% cheaper against OKX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.034%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NEAR-USDT-SWAP	4.2830	0.0100	pay 0.0100% / 8h	1h 07m	$60.0M	$283.1M	50x
Short	gTrade (Gains Network) NEAR/USD	4.2800	L +0.0004% / S −0.0004%	get 0.0001% / 1h	7m 25s	$207K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against OKX. 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 OKXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.070%Rate

Funding earned: −$20.11
Price spread: −0.070% → +0.034%: −$10.4
Slippage, 4 orders: −$268.37
Fee OKX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$318.88
Costs to cover: 2.884%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 12 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 OKX live order book, 2 min ago	1.17 bp	7.5 bp −$8	16.1 bp −$161	42.3 bp −$4,234	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 12 min ago	130.01 bp	137.7 bp −$138	1007.8 bp −$10.1K	doesn't fit	doesn't fit

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	4.2713	−0.273%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.2705	−0.292%	$2.2M	$13.1M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−3.315%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2631	−0.464%	$111K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2750	−0.187%	$477K	$18.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USDshort	L +0.0004% / S −0.0004%	1h	4.2800	−0.070%	$207K	—	150x
Kraken Futures PF_NEARUSD	+0.0047%	1h	4.2695	−0.316%	$7.7M	$36.2M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2730	−0.233%	$106K	$489K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2602	−0.533%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2739	−0.213%	$3.0M	$5.6M	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	4.2646	−0.430%	$397K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2754	−0.177%	$246.9M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2780	−0.117%	$219.7M	$420.6M	75x	as long as short
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.2830	long leg	$60.0M	$283.1M	50x
Arcus NEAR-USD	+0.0100%	1h	4.2630	−0.467%	$196K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2317	−1.198%	$241K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2746	−0.196%	$30.1M	$59.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2740	−0.210%	$84.2M	$144.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2770	−0.140%	$56.1M	$43.3M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2713	−0.273%	$70.9M	$125.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2790	−0.093%	—	$137.0M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2299	−1.239%	$7.9M	$17.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2295	−1.250%	$247K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2644	−0.434%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2620	−0.490%	$178K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2766	−0.149%	$232K	$3.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2826	−0.009%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2730	−0.233%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2660	−0.397%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2690	−0.327%	$3.9M	$8.1M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2585	−0.573%	$4.0M	$14.8M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2682	−0.345%	$206K	$62K	3x	as long as short
01 Exchange NEARUSD	+0.0144%	1h	4.2662	−0.392%	$13K	$7K	10x	as long as short
Lighter RH NEAR	+0.0160%	1h	4.2672	−0.369%	$1.5M	$7.0M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2660	−0.397%	$12.6M	$32.3M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0312%	1h	4.2715	−0.269%	$1.9M	$2.3M	25x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.2651	−0.418%	$411K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0390% / S −0.0335%	1h	4.2706	−0.290%	$292K	—	100x	as long as short
Nado NEAR-PERP	+0.0479%	1h	4.2715	−0.269%	$1.9M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.2682	−0.346%	$1.8M	$2.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0552%	1h	4.2714	−0.271%	$1.3M	$5.5M	20x	as long as short
Hyperliquid NEAR	+0.0611%	1h	4.2845	+0.035%	$369.0M	$295.6M	10x	as long as short
HTX NEAR-USDT	+0.0930%	8h	4.2740	−0.210%	$462K	$3.6M	75x	as long as short
Aftermath Perps NEARUSD	+0.0978%	1h	4.2463	−0.857%	$5K	$11K	10x	as long as short
Lighter NEAR	+0.0992%	1h	4.2754	−0.177%	$16.4M	$23.8M	15x	as long as short