Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Bulk+0.088%7-day average −0.020% · 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−$52as in the Price arb table

costs, in and out, $10k−$630.632% of the position

Long on Bulk Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.279%+$28 · spread now +0.088%, 7d avg −0.020%

Together, before fees+0.281%+$28 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: Gate is 0.108% dearer against Bulk than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk NEAR-USD	4.4098	0.0100	pay 0.0013% / 1h	16m 04s	$251K	−$0	10x
Short	Gate NEAR_USDT	4.4137	0.0100	get 0.0100% / 8h	4h 16m	$32.1M	$64.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bulk. 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 BulkbpFee GatebpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → −0.020%: $10.82
Slippage, 4 orders: −$41.21
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$52.39
Costs to cover: 0.632%
Break-even: never at this rate

Slippage from Bulk: live order book, 43 min ago; Gate: 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 Bulk live order book, 43 min ago	11.15 bp	14.6 bp −$15	14.6 bp −$146	33.3 bp −$3,330	48.2 bp −$24.1K
Sell Gate live order book, 3 min ago	0.68 bp	19.8 bp −$20	30.8 bp −$308	41.5 bp −$4,152	55.7 bp −$27.8K

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	4.4135	+0.084%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4152	+0.122%	$2.3M	$15.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4200	+0.230%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4196	+0.222%	$610K	$22.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4149	+0.114%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.096%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4180	+0.185%	$113K	$519K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4237	+0.314%	$420K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4180	+0.185%	$271.7M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4120	+0.049%	$222.1M	$424.7M	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	4.4120	+0.049%	$62.9M	$299.6M	50x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.4098	long leg	$251K	−$0	10x
Gate NEAR_USDTshort	+0.0100%	8h	4.4137	+0.088%	$32.1M	$64.2M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.4170	+0.163%	$74.7M	$150.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4180	+0.185%	$54.7M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4121	+0.052%	$72.5M	$130.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4140	+0.095%	—	$147.4M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4137	+0.089%	$8.6M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4247	+0.338%	$265K	$979K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4281	+0.414%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4180	+0.185%	$170K	$802K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4192	+0.213%	$245K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4172	+0.167%	$56K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4330	+0.526%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4260	+0.367%	$458K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4190	+0.208%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4187	+0.202%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4185	+0.197%	$205K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0166%	1h	4.4150	+0.117%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4290	+0.435%	$13.8M	$33.0M	75x	as long as short
Aster NEARUSDT	+0.0309%	8h	4.4172	+0.167%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0190%	1h	4.4143	+0.101%	$234K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0327%	1h	4.4171	+0.165%	$1.4M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0336%	1h	4.4221	+0.278%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0354%	1h	4.4188	+0.204%	$364.5M	$324.7M	10x	as long as short
Extended NEAR-USD	+0.0408%	1h	4.4118	+0.046%	$4.0M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0544%	1h	4.4155	+0.129%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4230	+0.299%	$219K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0588%	1h	4.4169	+0.161%	$8.1M	$39.6M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0634%	1h	4.4168	+0.158%	$2.0M	$7.3M	25x	as long as short
Lighter RH NEAR	+0.0656%	1h	4.4216	+0.267%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4289	+0.433%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4228	+0.295%	$592K	$1.4M	10x	as long as short
Lighter NEAR	+0.0960%	1h	4.4231	+0.301%	$17.8M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1577%	1h	4.4192	+0.213%	$5K	$12K	10x	as long as short