Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Gate−0.030%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$318as in the Price arb table

costs, in and out, $10k−$3123.124% of the position

Long on Gate Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.094%−$9 on $10k

Price spread, last 4 days (all we have)+0.188%+$19 · spread now −0.030%, 7d avg +0.027%

Together, before fees+0.094%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.057% cheaper against Gate than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.027%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.4199	0.0100	pay 0.0100% / 8h	1h 25m	$35.4M	$61.6M	75x
Short	gTrade (Gains Network) NEAR/USD	4.4186	L +0.0004% / S −0.0006%	get 0.0001% / 1h	25m 43s	$165K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.030%Rate

Funding earned: −$19.68
Price spread: −0.030% → +0.027%: −$5.72
Slippage, 4 orders: −$287.36
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$337.76
Costs to cover: 3.124%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 18 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	3.99 bp	20.0 bp −$20	30.5 bp −$305	43.2 bp −$4,322	59.9 bp −$29.9K
Sell gTrade (Gains Network) virtual book (oracle venue), 18 min ago	130.01 bp	137.7 bp −$138	1007.8 bp −$10.1K	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	4.4187	−0.028%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4161	−0.086%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USDshort	L +0.0004% / S −0.0006%	1h	4.4186	−0.030%	$165K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.310%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4180	−0.043%	$112K	$491K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4230	+0.070%	$224.2M	$433.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4250	+0.115%	$62.6M	$297.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4350	+0.342%	$253K	−$0	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.4199	long leg	$35.4M	$61.6M	75x
KuCoin NEARUSDTM	+0.0100%	8h	4.4230	+0.070%	$53.6M	$46.1M	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	4.4129	−0.158%	$72.5M	$127.5M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4187	−0.027%	$8.8M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4018	−0.409%	$257K	$914K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4010	−0.428%	$166K	$805K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4212	+0.029%	$293K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4220	+0.048%	$59K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4250	+0.115%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4370	+0.387%	$465K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4240	+0.093%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0105%	8h	4.4160	−0.088%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0113%	8h	4.4260	+0.138%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4235	+0.081%	$206K	$38K	3x	as long as short
Extended NEAR-USD	+0.0184%	1h	4.4209	+0.024%	$3.7M	$18.4M	25x	as long as short
SoDEX NEAR-USD	+0.0190%	1h	4.4205	+0.014%	$5K	$52K	10x	as long as short
BingX NEAR-USDC	+0.0193%	8h	4.4200	+0.002%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0201%	8h	4.4270	+0.161%	$80.5M	$148.8M	200x	as long as short
Binance NEARUSDT	+0.0205%	8h	4.4222	+0.051%	$269.8M	$1.08B	75x	as long as short
Kalshi KXNEARPERP	+0.0254%	8h	4.4212	+0.029%	$1.0M	$25.0M	2.2x	as long as short
Aster NEARUSDT	+0.0304%	8h	4.4176	−0.051%	$2.8M	$5.0M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0198%	1h	4.3978	−0.499%	$234K	—	100x	as long as short
BloFin NEAR-USDT	+0.0321%	8h	4.4060	−0.314%	$13.7M	$32.5M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0412%	1h	4.4276	+0.174%	$1.4M	$6.8M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4267	+0.154%	$2.3M	$16.8M	50x	as long as short
01 Exchange NEARUSD	+0.0440%	1h	4.4213	+0.032%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0463%	1h	4.4192	−0.016%	$360.6M	$315.1M	10x	as long as short
Nado NEAR-PERP	+0.0596%	1h	4.4173	−0.059%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0660%	1h	4.4194	−0.012%	$7.3M	$38.3M	50x	as long as short
Lighter NEAR	+0.0832%	1h	4.4267	+0.153%	$17.4M	$25.2M	15x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4200	+0.002%	$224K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.4274	+0.170%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4297	+0.222%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1085%	1h	4.4247	+0.109%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4204	+0.011%	$422K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1253%	1h	4.4200	+0.003%	$5K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4229	+0.067%	$665K	$1.4M	10x	as long as short