Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Gate against Aevo−0.137%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1201.195% of the position

Long on Aevo Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 3 days (all we have)−0.012%−$1 · spread now −0.137%, 7d avg −0.037%

Together, before fees−0.043%−$4 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: Gate is 0.101% cheaper against Aevo than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.3761	0.0104	pay 0.0013% / 1h	54m 02s	$204K	$34K	3x
Short	Gate NEAR_USDT	4.3701	0.0100	get 0.0100% / 8h	5h 54m	$31.5M	$61.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aevo. 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 AevobpFee GatebpOrdersPrice spread, now −0.137%Rate

Funding earned: −$0.84
Price spread: −0.137% → −0.037%: −$10.09
Slippage, 4 orders: −$88.54
Fee Aevo: 8 bp × 2 orders: −$16
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$130.48
Costs to cover: 1.195%
Break-even: never at this rate

Slippage from Aevo: live order book, 10 min ago; Gate: live order book, 5 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 Aevo live order book, 10 min ago	10.31 bp	41.1 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.21 bp	18.5 bp −$18	30.4 bp −$304	42.0 bp −$4,199	55.3 bp −$27.6K

NEAR on 44 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	4.3669	−0.211%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3617	−0.329%	$2.2M	$14.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3653	−0.248%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3767	+0.013%	$550K	$19.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3675	−0.196%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.373%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3640	−0.277%	$114K	$488K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3679	−0.187%	$412K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3736	−0.057%	$265.5M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3730	−0.071%	$220.7M	$416.6M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3730	−0.071%	$62.2M	$288.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	−0.238%	$249K	−$0	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.3701	−0.137%	$31.5M	$61.6M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.3730	−0.071%	$75.9M	$139.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3730	−0.071%	$54.2M	$43.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3746	−0.035%	$71.8M	$126.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3690	−0.163%	—	$144.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3808	+0.107%	$8.4M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3645	−0.266%	$267K	$993K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3657	−0.238%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3610	−0.345%	$194K	$777K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3711	−0.115%	$204K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3738	−0.053%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3700	−0.140%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3745	−0.037%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3750	−0.025%	$457K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3700	−0.140%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3658	−0.235%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3736	−0.057%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERPlong	+0.0104%	1h	4.3761	long leg	$204K	$34K	3x
Aster NEARUSDT	+0.0187%	8h	4.3750	−0.025%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0243%	1h	4.3676	−0.195%	$255K	—	100x	as long as short
01 Exchange NEARUSD	+0.0400%	1h	4.3693	−0.156%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0408%	1h	4.3668	−0.212%	$1.9M	$3.0M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3680	−0.185%	$208K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0588%	1h	4.3754	−0.016%	$1.4M	$6.4M	20x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3900	+0.317%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0642%	1h	4.3777	+0.036%	$1.9M	$4.3M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0704%	1h	4.3766	+0.011%	$8.2M	$41.0M	50x	as long as short
Hyperliquid NEAR	+0.0771%	1h	4.3763	+0.004%	$368.5M	$303.8M	10x	as long as short
Lighter RH NEAR	+0.0816%	1h	4.3788	+0.061%	$1.6M	$6.9M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3682	−0.182%	$551K	$1.3M	10x	as long as short
Lighter NEAR	+0.0944%	1h	4.3827	+0.150%	$17.5M	$25.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1691%	1h	4.3719	−0.097%	$5K	$12K	10x	as long as short