Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0527%/8h= +57.8% APRpaid last 24h +0.105%

Price spread now: Arcus against Gate+0.009%7-day average +0.046% · 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−$480.483% of the position

Long on Gate Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.328%+$33 on $10k

Price spread, last 7 days−0.060%−$6 · spread now +0.009%, 7d avg +0.046%

Together, before fees+0.268%+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.036% cheaper against Gate than usual: you would sell low and buy high (spread +0.009% now, against its 7-day average of +0.046%). If the spread goes back, that is −$4 on $10k: about 6 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.3416	0.0100	pay 0.0100% / 8h	3h 46m	$31.7M	$60.6M	75x
Short	Arcus NEAR-USD	4.3420	0.0627	get 0.0078% / 1h	46m 23s	$213K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Gate. 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 GatebpFee ArcusbpOrdersPrice spread, now +0.009%Rate

Funding earned: $110.76
Price spread: +0.009% → +0.046%: −$3.63
Slippage, 4 orders: −$28.8
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $58.83
Costs to cover: 0.483%
Break-even: 3.3 days

Slippage from Gate: live order book, 3 min ago; Arcus: 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 Gate live order book, 3 min ago	1.72 bp	22.3 bp −$22	26.4 bp −$264	42.3 bp −$4,226	59.2 bp −$29.6K
Sell Arcus live order book, 3 min ago	3.43 bp	6.8 bp −$7	11.9 bp −$119	doesn't fit	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	4.3399	−0.040%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3389	−0.063%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3419	+0.006%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.620%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3443	+0.062%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3370	−0.106%	$107K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3471	+0.127%	$267.3M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3421	+0.012%	$218.2M	$424.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3440	+0.055%	$61.9M	$291.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3771	+0.818%	$249K	−$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_USDTlong	+0.0100%	8h	4.3416	long leg	$31.7M	$60.6M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.3470	+0.124%	$74.0M	$143.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3440	+0.055%	$54.1M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3396	−0.046%	$71.3M	$128.8M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3440	+0.055%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3497	+0.187%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3559	+0.329%	$255K	$950K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3580	+0.378%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3580	+0.378%	$168K	$799K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3440	+0.055%	$255K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3462	+0.106%	$58K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3470	+0.124%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3500	+0.193%	$455K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3450	+0.078%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3360	−0.129%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3425	+0.021%	$202K	$40K	3x	as long as short
Kalshi KXNEARPERP	+0.0127%	8h	4.3425	+0.021%	$609K	$22.9M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3410	−0.014%	$13.7M	$32.2M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3424	+0.018%	$412K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0312%	8h	4.3414	−0.005%	$2.9M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0319% / S −0.0191%	1h	4.3381	−0.081%	$231K	—	100x	as long as short
SoDEX NEAR-USD	+0.0392%	1h	4.3395	−0.048%	$8K	$52K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0502%	1h	4.3427	+0.025%	$1.4M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0528%	1h	4.3427	+0.025%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0594%	1h	4.3458	+0.097%	$357.6M	$318.8M	10x	as long as short
Arcus NEAR-USDshort	+0.0627%	1h	4.3420	+0.009%	$213K	$1.6M	10x
Extended NEAR-USD	+0.0648%	1h	4.3343	−0.167%	$3.8M	$19.7M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0710%	1h	4.3399	−0.040%	$7.7M	$39.7M	50x	as long as short
Nado NEAR-PERP	+0.0730%	1h	4.3403	−0.031%	$1.9M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0936%	1h	4.3465	+0.113%	$1.5M	$7.3M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3717	+0.693%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0948%	1h	4.3443	+0.062%	$1.9M	$8.2M	25x	as long as short
Lighter NEAR	+0.1152%	1h	4.3452	+0.083%	$17.5M	$24.8M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3403	−0.030%	$625K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1619%	1h	4.3533	+0.270%	$5K	$12K	10x	as long as short