Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.029%

Price spread now: Gate against dYdX+0.014%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$142as in the Price arb table

costs, in and out, $10k−$1431.432% of the position

Long on dYdX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.172%+$17 on $10k

Price spread, last 4 days (all we have)+0.196%+$20 · spread now +0.014%, 7d avg −0.001%

Together, before fees+0.368%+$37 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX NEAR-USD	4.4807	0	get 0.0000% / 1h	44m 20s	$110K	$68K	10x
Short	Gate NEAR_USDT	4.4813	0.0100	get 0.0100% / 8h	1h 44m	$35.0M	$60.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against dYdX. 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 dYdXbpFee GatebpOrdersPrice spread, now +0.014%Rate

Funding earned: $21
Price spread: +0.014% → −0.001%: $1.43
Slippage, 4 orders: −$118.18
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$120.75
Costs to cover: 1.432%
Break-even: 47.3 days

Slippage from dYdX: live order book, 65 min ago; Gate: live order book, 5 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 dYdX live order book, 65 min ago	43.23 bp	48.3 bp −$48	75.6 bp −$756	124.6 bp −$12.5K	192.7 bp −$96.4K
Sell Gate live order book, 5 min ago	0.89 bp	14.3 bp −$14	18.3 bp −$183	36.7 bp −$3,666	53.6 bp −$26.8K

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	4.4806	−0.002%	$2K	—	20x	as long as short
dYdX NEAR-USDlong	0.0000%	1h	4.4807	long leg	$110K	$68K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4851	+0.098%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.581%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4880	+0.163%	$111K	$496K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4870	+0.141%	$230.9M	$429.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4850	+0.096%	$63.5M	$300.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4366	−0.984%	$253K	−$0	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.4813	+0.014%	$35.0M	$60.1M	75x
KuCoin NEARUSDTM	+0.0100%	8h	4.4840	+0.074%	$53.5M	$45.9M	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	4.4840	+0.074%	$74.2M	$126.5M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4687	−0.267%	$9.0M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4748	−0.132%	$261K	$966K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4881	+0.165%	$283K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4885	+0.174%	$59K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4940	+0.297%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4910	+0.230%	$466K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4810	+0.007%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0106%	8h	4.4830	+0.051%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0123%	8h	4.4756	−0.114%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0127%	1h	4.4730	−0.172%	$168K	$804K	50x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4875	+0.152%	$209K	$40K	3x	as long as short
BingX NEAR-USDT	+0.0181%	8h	4.4860	+0.118%	—	$144.0M	—	as long as short
MEXC NEAR_USDT	+0.0182%	8h	4.4820	+0.029%	$85.6M	$145.2M	200x	as long as short
Binance NEARUSDT	+0.0185%	8h	4.4872	+0.146%	$273.2M	$1.09B	75x	as long as short
SoDEX NEAR-USD	+0.0206%	1h	4.4800	−0.015%	$5K	$52K	10x	as long as short
Kalshi KXNEARPERP	+0.0300%	8h	4.4707	−0.223%	$1.1M	$25.0M	2.2x	as long as short
BloFin NEAR-USDT	+0.0302%	8h	4.4870	+0.141%	$13.6M	$33.1M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0316% / S −0.0200%	1h	4.4825	+0.041%	$239K	—	100x	as long as short
Extended NEAR-USD	+0.0336%	1h	4.4840	+0.074%	$3.7M	$18.9M	25x	as long as short
Aster NEARUSDT	+0.0338%	8h	4.4833	+0.059%	$2.9M	$5.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4842	+0.078%	$2.3M	$16.5M	50x	as long as short
01 Exchange NEARUSD	+0.0504%	1h	4.4891	+0.188%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0538%	1h	4.4840	+0.074%	$1.8M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0584%	1h	4.4820	+0.029%	$1.3M	$6.5M	20x	as long as short
Hyperliquid NEAR	+0.0618%	1h	4.4850	+0.096%	$368.8M	$309.4M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0651%	1h	4.4831	+0.054%	$7.4M	$38.3M	50x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4900	+0.208%	$228K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.1000%	1h	4.4875	+0.152%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.5001	+0.433%	$1.9M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1044%	1h	4.4892	+0.190%	$1.9M	$12.3M	25x	as long as short
Lighter NEAR	+0.1056%	1h	4.4888	+0.181%	$17.6M	$24.7M	15x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4833	+0.058%	$413K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1238%	1h	4.4694	−0.252%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4892	+0.189%	$678K	$1.4M	10x	as long as short