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: BingX against Gate+0.062%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$430.429% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$5 on $10k

Price spread, last 7 days−0.061%−$6 · spread now +0.062%, 7d avg −0.001%

Together, before fees−0.116%−$12 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: BingX is 0.063% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.3503	0.0100	pay 0.0100% / 8h	7h 05m	$31.2M	$61.0M	75x
Short	BingX NEAR-USDT	4.3530	0.0100	get 0.0100% / 8h	7h 05m	—	$141.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.062%Rate

Funding earned: $0
Price spread: +0.062% → −0.001%: $6.27
Slippage, 4 orders: −$17.86
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$36.6
Costs to cover: 0.429%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; BingX: live order book, 4 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, 4 min ago	2.43 bp	16.4 bp −$16	28.1 bp −$281	42.0 bp −$4,205	59.1 bp −$29.5K
Sell BingX live order book, 4 min ago	1.16 bp	6.6 bp −$7	9.4 bp −$94	21.0 bp −$2,098	48.0 bp −$24.0K

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	4.3097	−0.934%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3211	−0.671%	$7.9M	$38.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3161	−0.786%	$2.1M	$13.1M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3200	−0.697%	$360K	$18.8M	2.2x	as long as short
dYdX NEAR-USD	+0.0004%	1h	4.3102	−0.922%	$112K	$64K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3159	−0.790%	$159K	—	150x	as long as short
Variational Omni NEAR	+0.0010%	8h	4.3057	−1.025%	$8.2M	$18.8M	—	as long as short
Phemex NEARUSDT	+0.0021%	8h	4.3340	−0.375%	$3.9M	$8.4M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.811%	$578	$302K	12x	as long as short
01 Exchange NEARUSD	+0.0040%	1h	4.3165	−0.777%	$13K	$7K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3110	−0.903%	$115K	$474K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3179	−0.745%	$57K	$162K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3080	−0.972%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3220	−0.651%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3106	−0.913%	$401K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3477	−0.060%	$259.4M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3490	−0.030%	$222.7M	$416.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3480	−0.053%	$61.5M	$278.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3180	−0.742%	$205K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3243	−0.598%	$246K	−$0	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.3503	long leg	$31.2M	$61.0M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.3570	+0.154%	$76.3M	$142.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3540	+0.085%	$56.5M	$42.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3483	−0.046%	$72.4M	$122.5M	75x	as long as short
BingX NEAR-USDTshort	+0.0100%	8h	4.3530	+0.062%	—	$141.7M	—
edgeX NEARUSDC	+0.0100%	4h	4.3270	−0.535%	$258K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3241	−0.603%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3290	−0.490%	$181K	$775K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3137	−0.841%	$204K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3170	−0.765%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3181	−0.740%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3360	−0.329%	$456K	$3.7M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3487	−0.036%	$3.9M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3167	−0.772%	$201K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3250	−0.582%	$13.2M	$27.7M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0308%	1h	4.3126	−0.866%	$276K	—	100x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3176	−0.753%	$404K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0439%	1h	4.3097	−0.934%	$1.9M	$3.1M	10x	as long as short
Hyperliquid NEAR	+0.0444%	1h	4.3497	−0.014%	$369.2M	$301.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0488%	1h	4.3544	+0.094%	$1.3M	$5.9M	20x	as long as short
Lighter RH NEAR	+0.0496%	1h	4.3262	−0.554%	$1.6M	$7.0M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3218	−0.655%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0538%	1h	4.3188	−0.724%	$1.9M	$3.9M	25x	as long as short
Aftermath Perps NEARUSD	+0.1497%	1h	4.3203	−0.690%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1792%	1h	4.3403	−0.229%	$17.3M	$24.7M	15x	as long as short