Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0714%/8h= −78.2% APRpaid last 24h −0.091%

Price spread now: Gate against Arcus+0.392%7-day average −0.047% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs+$3as in the Price arb table

costs, in and out, $10k−$410.411% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.336%−$34 on $10k

Price spread, last 7 days−0.349%−$35 · spread now +0.392%, 7d avg −0.047%

Together, before fees−0.685%−$69 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.438% dearer against Arcus than usual: you sell high and buy low (spread +0.392% now, against its 7-day average of −0.047%): +$44 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 2.0 days. At the pace of the last 4 days (−0.336% in total) that is about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.4180	0.0814	pay 0.0102% / 1h	2m 46s	$225K	$1.6M	10x
Short	Gate NEAR_USDT	4.4353	0.0100	get 0.0100% / 8h	2h 02m	$33.9M	$61.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Arcus. 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 ArcusbpFee GatebpOrdersPrice spread, now +0.392%Rate

Funding earned: −$149.95
Price spread: +0.392% → −0.047%: $43.83
Slippage, 4 orders: −$21.61
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$147.23
Costs to cover: 0.411%
Break-even: from the start

Slippage from Arcus: live order book, 1 min ago; Gate: live order book, 1 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 Arcus live order book, 1 min ago	2.26 bp	5.6 bp −$6	12.0 bp −$120	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	1.81 bp	12.9 bp −$13	19.1 bp −$191	35.2 bp −$3,517	51.4 bp −$25.7K

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	4.4162	−0.041%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4137	−0.097%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4226	+0.104%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.270%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4170	−0.023%	$117K	$498K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4360	+0.407%	$223.3M	$423.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4360	+0.407%	$62.5M	$296.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3500	−1.539%	$248K	−$0	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.4353	+0.392%	$33.9M	$61.4M	75x
KuCoin NEARUSDTM	+0.0100%	8h	4.4370	+0.430%	$53.5M	$46.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4356	+0.398%	$73.2M	$127.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4197	+0.039%	$8.9M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4142	−0.085%	$258K	$965K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4184	+0.009%	$272K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4306	+0.285%	$58K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4270	+0.204%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4370	+0.430%	$470K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4320	+0.317%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4140	−0.091%	$32K	$608	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0111%	8h	4.4060	−0.272%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.4369	+0.428%	$206K	$40K	3x	as long as short
BingX NEAR-USDC	+0.0130%	8h	4.4370	+0.430%	—	$6.6M	—	as long as short
MEXC NEAR_USDT	+0.0143%	8h	4.4390	+0.475%	$85.2M	$146.9M	200x	as long as short
Binance NEARUSDT	+0.0144%	8h	4.4400	+0.498%	$269.9M	$1.09B	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.4281	+0.229%	$2.3M	$16.4M	50x	as long as short
BloFin NEAR-USDT	+0.0264%	8h	4.4300	+0.272%	$13.4M	$32.7M	75x	as long as short
Kalshi KXNEARPERP	+0.0312%	8h	4.4238	+0.131%	$1.1M	$24.7M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0201%	1h	4.4175	−0.012%	$236K	—	100x	as long as short
Aster NEARUSDT	+0.0343%	8h	4.4390	+0.475%	$2.9M	$5.2M	50x	as long as short
Nado NEAR-PERP	+0.0392%	1h	4.4132	−0.109%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0448%	1h	4.4332	+0.343%	$3.7M	$19.2M	25x	as long as short
ApeX Omni NEARUSDT	+0.0450%	1h	4.4150	−0.068%	$167K	$803K	50x	as long as short
SoDEX NEAR-USD	+0.0493%	1h	4.4305	+0.283%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0688%	1h	4.4416	+0.534%	$365.6M	$311.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0697%	1h	4.4372	+0.435%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0704%	1h	4.4209	+0.066%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0714%	1h	4.4321	+0.320%	$7.4M	$39.1M	50x	as long as short
Arcus NEAR-USDlong	+0.0814%	1h	4.4180	long leg	$225K	$1.6M	10x
Pacifica NEAR	+0.0847%	1h	4.4167	−0.029%	$405K	$1.4M	10x	as long as short
Lighter NEAR	+0.0936%	1h	4.4451	+0.612%	$17.4M	$25.3M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.4241	+0.138%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1104%	1h	4.4446	+0.602%	$1.5M	$7.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.4169	−0.025%	$701K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1252%	1h	4.3970	−0.475%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1443%	1h	4.4376	+0.444%	$2.0M	$12.1M	25x	as long as short