Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against OKX+0.163%7-day average +0.038% · 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−$277as in the Price arb table

costs, in and out, $10k−$2902.896% of the position

Long on OKX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.096%−$10 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.163%, 7d avg +0.038%

Together, before fees−0.059%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.126% dearer against OKX than usual: you sell high and buy low (spread +0.163% now, against its 7-day average of +0.038%): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NEAR-USDT-SWAP	4.2910	0.0100	pay 0.0100% / 8h	3h 05m	$60.7M	$285.3M	50x
Short	gTrade (Gains Network) NEAR/USD	4.2980	L +0.0004% / S −0.0006%	get 0.0001% / 1h	5m 36s	$162K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against OKX. 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 OKXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.163%Rate

Funding earned: −$19.67
Price spread: +0.163% → +0.038%: $12.58
Slippage, 4 orders: −$269.65
Fee OKX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$296.74
Costs to cover: 2.896%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 48 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 OKX live order book, 3 min ago	1.16 bp	8.9 bp −$9	15.2 bp −$152	36.8 bp −$3,684	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 48 min ago	130.02 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	4.2987	+0.181%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2890	−0.047%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USDshort	L +0.0004% / S −0.0006%	1h	4.2980	+0.163%	$162K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.496%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3072	+0.378%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3000	+0.210%	$110K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2945	+0.082%	$262.3M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2918	+0.019%	$212.7M	$426.4M	75x	as long as short
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.2910	long leg	$60.7M	$285.3M	50x
Bulk NEAR-USD	+0.0100%	1h	4.3449	+1.256%	$248K	−$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_USDT	+0.0100%	8h	4.2906	−0.009%	$31.9M	$62.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2920	+0.023%	$71.9M	$147.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2940	+0.070%	$53.2M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2913	+0.007%	$71.0M	$127.5M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2930	+0.047%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2987	+0.181%	$8.1M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3144	+0.545%	$252K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3206	+0.689%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3130	+0.513%	$166K	$795K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3039	+0.301%	$269K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3027	+0.273%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3090	+0.419%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3100	+0.443%	$462K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3010	+0.233%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2889	−0.048%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3037	+0.296%	$200K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3210	+0.699%	$13.5M	$31.9M	75x	as long as short
Kalshi KXNEARPERP	+0.0261%	8h	4.3104	+0.452%	$869K	$23.5M	2.2x	as long as short
Pacifica NEAR	+0.0263%	1h	4.2927	+0.041%	$396K	$1.3M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0322% / S −0.0198%	1h	4.2971	+0.142%	$232K	—	100x	as long as short
SoDEX NEAR-USD	+0.0333%	1h	4.2995	+0.198%	$6K	$53K	10x	as long as short
Aster NEARUSDT	+0.0334%	8h	4.2943	+0.076%	$2.8M	$5.5M	50x	as long as short
01 Exchange NEARUSD	+0.0528%	1h	4.2959	+0.114%	$13K	$7K	10x	as long as short
Extended NEAR-USD	+0.0560%	1h	4.2904	−0.013%	$3.7M	$19.8M	25x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0564%	1h	4.3017	+0.249%	$1.9M	$9.9M	25x	as long as short
Nado NEAR-PERP	+0.0567%	1h	4.3029	+0.278%	$1.8M	$3.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0567%	1h	4.3016	+0.247%	$1.3M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0577%	1h	4.2954	+0.103%	$351.8M	$312.7M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.2960	+0.117%	$211K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0717%	1h	4.2990	+0.186%	$7.5M	$38.9M	50x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.2986	+0.177%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3324	+0.965%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1048%	1h	4.2987	+0.178%	$17.3M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.2937	+0.062%	$668K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1589%	1h	4.3223	+0.730%	$5K	$12K	10x	as long as short