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 0.000%

Price spread now: Gate against Orderly−0.051%7-day average −0.037% · you buy dearer than you sell

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

Long on Orderly Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now −0.051%, 7d avg −0.037%

Together, before fees−0.086%−$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_NEAR_USDC	4.3354	0.0100	pay 0.0100% / 8h	41m 29s	$58K	$235K	20x
Short	Gate NEAR_USDT	4.3332	0.0100	get 0.0100% / 8h	41m 29s	$35.3M	$62.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Orderly. 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 OrderlybpFee GatebpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → −0.037%: −$1.39
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$22.39
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Gate: live order book, 2 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 Orderly no order-book sample	—	—	—	—	—
Sell Gate live order book, 2 min ago	2.90 bp	16.4 bp −$16	22.6 bp −$226	38.1 bp −$3,812	56.1 bp −$28.1K

Orderly: 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	4.3390	+0.082%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3281	−0.168%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0009%	1h	4.3409	+0.127%	$145K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3380	+0.059%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.484%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3350	−0.009%	$110K	$496K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3340	−0.032%	$218.6M	$430.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3320	−0.078%	$61.0M	$292.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3597	+0.560%	$248K	−$0	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.3332	−0.051%	$35.3M	$62.2M	75x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3350	−0.009%	$52.5M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3323	−0.072%	$71.8M	$128.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3267	−0.202%	$8.6M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3186	−0.388%	$250K	$897K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3210	−0.332%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3280	−0.171%	$165K	$815K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3360	+0.014%	$283K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDClong	+0.0100%	8h	4.3354	long leg	$58K	$235K	20x
SunX NEAR-USDT	+0.0100%	8h	4.3510	+0.360%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3400	+0.106%	$5K	$53K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3370	+0.037%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3280	−0.170%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3266	−0.203%	$3.6M	$17.3M	25x	as long as short
HTX NEAR-USDT	+0.0110%	8h	4.3600	+0.567%	$463K	$3.8M	75x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.3410	+0.129%	$202K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0196%	8h	4.3257	−0.224%	$939K	$25.2M	2.2x	as long as short
Binance NEARUSDT	+0.0204%	8h	4.3347	−0.015%	$263.2M	$1.09B	75x	as long as short
BingX NEAR-USDT	+0.0205%	8h	4.3330	−0.055%	—	$145.0M	—	as long as short
MEXC NEAR_USDT	+0.0206%	8h	4.3350	−0.009%	$83.2M	$149.9M	200x	as long as short
Aster NEARUSDT	+0.0212%	8h	4.3350	−0.009%	$2.7M	$4.8M	50x	as long as short
01 Exchange NEARUSD	+0.0304%	1h	4.3333	−0.048%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0203%	1h	4.3420	+0.152%	$233K	—	100x	as long as short
Hyperliquid NEAR	+0.0317%	1h	4.3379	+0.057%	$350.3M	$317.1M	10x	as long as short
BloFin NEAR-USDT	+0.0326%	8h	4.3250	−0.240%	$13.3M	$31.9M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0428%	1h	4.3389	+0.081%	$1.2M	$7.0M	20x	as long as short
Nado NEAR-PERP	+0.0446%	1h	4.3321	−0.076%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3345	−0.021%	$2.3M	$16.8M	50x	as long as short
Lighter RH NEAR	+0.0552%	1h	4.3331	−0.053%	$1.5M	$6.6M	10x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3330	−0.055%	$226K	$1.6M	10x	as long as short
Lighter NEAR	+0.0760%	1h	4.3389	+0.081%	$17.1M	$25.0M	15x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3325	−0.066%	$408K	$1.5M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3384	+0.069%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3338	−0.037%	$618K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1273%	1h	4.3347	−0.017%	$5K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.2192%	1h	4.3516	+0.374%	$1.9M	$13.2M	25x	as long as short