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: Bitget against Binance−0.100%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 7 days+0.039%+$4 · spread now −0.100%, 7d avg −0.040%

Together, before fees+0.018%+$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: Bitget is 0.060% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.3431	0.0100	pay 0.0100% / 8h	3h 20m	$265.6M	$1.09B	75x
Short	Bitget NEARUSDT	4.3388	0.0100	get 0.0100% / 8h	3h 20m	$71.5M	$128.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.100%Rate

Funding earned: $0
Price spread: −0.100% → −0.040%: −$5.97
Slippage, 4 orders: −$15.83
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$43.8
Costs to cover: 0.378%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Bitget: live order book, 3 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 Binance live order book, 8 min ago	1.15 bp	7.7 bp −$8	10.4 bp −$104	28.2 bp −$2,818	97.4 bp −$48.7K
Sell Bitget live order book, 3 min ago	0.58 bp	11.5 bp −$11	19.3 bp −$193	39.2 bp −$3,924	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	4.3351	−0.185%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3393	−0.089%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3330	−0.233%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.654%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3431	−0.001%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3390	−0.095%	$110K	$503K	50x	as long as short
Binance NEARUSDTlong	+0.0100%	8h	4.3431	long leg	$265.6M	$1.09B	75x
Bybit NEARUSDT	+0.0100%	8h	4.3389	−0.098%	$214.8M	$428.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3380	−0.118%	$61.4M	$291.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3250	−0.417%	$246K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3375	−0.130%	$32.0M	$61.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3430	−0.003%	$73.8M	$145.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3380	−0.118%	$53.8M	$46.0M	75x	as long as short
Bitget NEARUSDTshort	+0.0100%	8h	4.3388	−0.100%	$71.5M	$128.4M	75x
BingX NEAR-USDC	+0.0100%	8h	4.3390	−0.095%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3327	−0.239%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3292	−0.322%	$253K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3500	+0.158%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3280	−0.349%	$166K	$796K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3406	−0.058%	$276K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3365	−0.153%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3440	+0.020%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3520	+0.204%	$472K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3380	−0.118%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3349	−0.190%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3328	−0.239%	$201K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3410	−0.049%	$13.4M	$32.2M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3405	−0.060%	$407K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0277%	8h	4.3354	−0.178%	$873K	$23.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0323% / S −0.0198%	1h	4.3324	−0.247%	$234K	—	100x	as long as short
Aster NEARUSDT	+0.0331%	8h	4.3420	−0.026%	$2.9M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0362%	1h	4.3335	−0.222%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3385	−0.107%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0574%	1h	4.3382	−0.114%	$1.3M	$6.8M	20x	as long as short
Nado NEAR-PERP	+0.0584%	1h	4.3357	−0.170%	$1.8M	$3.1M	10x	as long as short
Hyperliquid NEAR	+0.0596%	1h	4.3439	+0.017%	$355.6M	$313.9M	10x	as long as short
Extended NEAR-USD	+0.0616%	1h	4.3377	−0.125%	$3.8M	$20.0M	25x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3400	−0.072%	$213K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0711%	1h	4.3338	−0.216%	$7.6M	$39.3M	50x	as long as short
Lighter RH NEAR	+0.0896%	1h	4.3461	+0.068%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3290	−0.326%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1096%	1h	4.3495	+0.146%	$17.5M	$25.0M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3394	−0.086%	$686K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1204%	1h	4.3390	−0.095%	$1.9M	$9.5M	25x	as long as short
Aftermath Perps NEARUSD	+0.1546%	1h	4.3401	−0.069%	$5K	$13K	10x	as long as short