Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0119%/8h= +13.0% APRpaid last 24h +0.077%

Price spread now: Kraken Futures against Gate+0.147%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$670.666% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.176%+$18 on $10k

Price spread, last 3 days (all we have)+0.027%+$3 · spread now +0.147%, 7d avg +0.061%

Together, before fees+0.203%+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.085% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.3148	0.0100	pay 0.0100% / 8h	6h 57m	$30.9M	$59.7M	75x
Short	Kraken Futures PF_NEARUSD	4.3211	0.0219	get 0.0027% / 1h	57m 52s	$7.9M	$37.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.147%Rate

Funding earned: $24.98
Price spread: +0.147% → +0.061%: $8.54
Slippage, 4 orders: −$41.57
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$33.05
Costs to cover: 0.666%
Break-even: 16.3 days

Slippage from Gate: live order book, 1 min ago; Kraken Futures: live order book, 1 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, 1 min ago	0.93 bp	14.3 bp −$14	19.1 bp −$191	37.0 bp −$3,701	55.6 bp −$27.8K
Sell Kraken Futures live order book, 1 min ago	7.06 bp	12.4 bp −$12	13.4 bp −$134	52.8 bp −$5,283	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	4.3198	+0.116%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3185	+0.086%	$2.2M	$13.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3090	−0.135%	$112K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3241	+0.216%	$392K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3165	+0.039%	$157K	—	150x	as long as short
Variational Omni NEAR	+0.0016%	8h	4.2957	−0.442%	$8.2M	$18.8M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.028%	$578	$302K	12x	as long as short
Phemex NEARUSDT	+0.0069%	8h	4.3180	+0.074%	$3.8M	$8.3M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3210	+0.144%	$115K	$474K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3189	+0.095%	$57K	$162K	20x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.3221	+0.169%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3118	−0.069%	$406K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3140	−0.019%	$257.6M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3090	−0.134%	$219.4M	$416.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3100	−0.111%	$60.8M	$276.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3200	+0.121%	$205K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3243	+0.219%	$246K	−$0	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.3148	long leg	$30.9M	$59.7M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.3150	+0.005%	$75.4M	$135.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3170	+0.051%	$55.6M	$42.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3093	−0.127%	$71.3M	$122.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3120	−0.065%	—	$142.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3202	+0.125%	$257K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2940	−0.482%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3200	+0.121%	$177K	$777K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3228	+0.185%	$209K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3260	+0.260%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3165	+0.039%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3200	+0.121%	$451K	$3.7M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3136	−0.029%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3121	−0.063%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3170	+0.051%	$201K	$31K	3x	as long as short
Kraken Futures PF_NEARUSDshort	+0.0219%	1h	4.3211	+0.147%	$7.9M	$37.9M	50x
BloFin NEAR-USDT	+0.0220%	8h	4.3260	+0.260%	$13.2M	$27.7M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0283%	1h	4.3185	+0.086%	$1.9M	$4.0M	25x	as long as short
01 Exchange NEARUSD	+0.0304%	1h	4.3217	+0.160%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0348%	1h	4.3220	+0.167%	$1.9M	$3.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0377% / S −0.0308%	1h	4.3158	+0.024%	$276K	—	100x	as long as short
Lighter RH NEAR	+0.0488%	1h	4.3238	+0.209%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3191	+0.100%	$1.8M	$2.5M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3201	+0.123%	$429K	$1.2M	10x	as long as short
Hyperliquid NEAR	+0.0860%	1h	4.3158	+0.023%	$365.5M	$302.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0918%	1h	4.3221	+0.169%	$1.3M	$5.9M	20x	as long as short
Lighter NEAR	+0.1312%	1h	4.3275	+0.295%	$17.3M	$24.3M	15x	as long as short
Aftermath Perps NEARUSD	+0.1489%	1h	4.3224	+0.176%	$5K	$12K	10x	as long as short