Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against Bitget+1.676%7-day average +0.022% · 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+$114as in the Price arb table

costs, in and out, $10k−$510.512% of the position

Long on Bitget Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.005%−$1 on $10k

Price spread, last 4 days (all we have)−2.190%−$219 · spread now +1.676%, 7d avg +0.022%

Together, before fees−2.195%−$220 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: Bulk is 1.654% dearer against Bitget than usual: you sell high and buy low, +$165 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.4717	0.0100	pay 0.0100% / 8h	5h 07m	$73.7M	$130.3M	75x
Short	Bulk NEAR-USD	4.5467	0.0100	get 0.0013% / 1h	7m 14s	$259K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Bitget. 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 BitgetbpFee BulkbpOrdersPrice spread, now +1.676%Rate

Funding earned: $0
Price spread: +1.676% → +0.022%: $165.44
Slippage, 4 orders: −$32.17
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $114.27
Costs to cover: 0.512%
Break-even: from the start

Slippage from Bitget: live order book, 2 min ago; Bulk: live order book, 57 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 Bitget live order book, 2 min ago	1.00 bp	11.1 bp −$11	18.2 bp −$182	34.0 bp −$3,397	doesn't fit
Sell Bulk live order book, 57 min ago	11.45 bp	15.0 bp −$15	15.0 bp −$150	35.6 bp −$3,556	59.8 bp −$29.9K

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	4.4874	+0.352%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4860	+0.320%	$2.2M	$15.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5041	+0.726%	$111K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5042	+0.727%	$538K	$21.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4959	+0.541%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.395%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4960	+0.543%	$113K	$513K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.5048	+0.740%	$430K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4885	+0.376%	$275.4M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4860	+0.320%	$225.0M	$426.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4760	+0.096%	$64.4M	$305.3M	50x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.5467	+1.676%	$259K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.4848	+0.293%	$32.6M	$65.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4890	+0.387%	$79.5M	$149.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4810	+0.208%	$55.4M	$45.8M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.4717	long leg	$73.7M	$130.3M	75x
BingX NEAR-USDT	+0.0100%	8h	4.4730	+0.029%	—	$146.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5696	+2.190%	$8.8M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5326	+1.362%	$272K	$976K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5311	+1.328%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5320	+1.348%	$174K	$797K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4862	+0.324%	$222K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4923	+0.461%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4980	+0.588%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4900	+0.409%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4920	+0.454%	$464K	$4.1M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4890	+0.387%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.5031	+0.703%	$33K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4945	+0.510%	$209K	$40K	3x	as long as short
Extended NEAR-USD	+0.0184%	1h	4.4869	+0.341%	$4.1M	$19.3M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4890	+0.387%	$14.2M	$33.7M	75x	as long as short
Aster NEARUSDT	+0.0299%	8h	4.4921	+0.456%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0358% / S −0.0247%	1h	4.4925	+0.466%	$270K	—	100x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.5060	+0.767%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.5120	+0.901%	$218K	$1.8M	10x	as long as short
Nado NEAR-PERP	+0.0433%	1h	4.4850	+0.297%	$1.9M	$3.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0530%	1h	4.4925	+0.465%	$2.0M	$4.5M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0553%	1h	4.4817	+0.224%	$1.4M	$6.7M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0686%	1h	4.4926	+0.466%	$8.3M	$41.3M	50x	as long as short
Lighter RH NEAR	+0.0704%	1h	4.4923	+0.461%	$1.6M	$7.2M	10x	as long as short
Hyperliquid NEAR	+0.0789%	1h	4.4833	+0.259%	$374.3M	$322.8M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.5453	+1.646%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.5077	+0.805%	$576K	$1.4M	10x	as long as short
Lighter NEAR	+0.1136%	1h	4.4943	+0.505%	$18.0M	$27.0M	15x	as long as short
Aftermath Perps NEARUSD	+0.1601%	1h	4.5331	+1.372%	$6K	$12K	10x	as long as short