Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0310%/8h= −33.9% APRpaid last 24h −0.118%

Price spread now: Gate against Arcus−0.059%7-day average −0.044% · 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−$46as in the Price arb table

costs, in and out, $10k−$440.442% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.315%−$31 on $10k

Price spread, last 7 days+0.094%+$9 · spread now −0.059%, 7d avg −0.044%

Together, before fees−0.221%−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.3810	0.0410	pay 0.0051% / 1h	53m 31s	$209K	$1.7M	10x
Short	Gate NEAR_USDT	4.3784	0.0100	get 0.0100% / 8h	5h 53m	$31.5M	$61.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Arcus. 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 ArcusbpFee GatebpOrdersPrice spread, now −0.059%Rate

Funding earned: −$65.03
Price spread: −0.059% → −0.044%: −$1.49
Slippage, 4 orders: −$24.69
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$110.71
Costs to cover: 0.442%
Break-even: never at this rate

Slippage from Arcus: live order book, 1 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 Arcus live order book, 1 min ago	2.28 bp	4.5 bp −$5	8.8 bp −$88	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	−0.322%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3617	−0.441%	$2.2M	$14.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3776	−0.078%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3767	−0.098%	$550K	$19.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3675	−0.307%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.478%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3770	−0.091%	$115K	$488K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3798	−0.028%	$413K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3770	−0.091%	$265.7M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3740	−0.160%	$220.7M	$416.3M	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	4.3740	−0.160%	$62.4M	$288.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	−0.349%	$249K	−$0	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.3784	−0.059%	$31.5M	$61.6M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.3800	−0.023%	$75.9M	$139.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3820	+0.023%	$54.3M	$43.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3785	−0.057%	$71.9M	$125.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3800	−0.023%	—	$144.0M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3808	−0.005%	$8.4M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3659	−0.346%	$267K	$994K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3657	−0.349%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3610	−0.457%	$194K	$777K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3711	−0.226%	$204K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3738	−0.164%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3700	−0.251%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3745	−0.148%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3750	−0.137%	$457K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3700	−0.251%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3779	−0.071%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3769	−0.094%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3761	−0.112%	$204K	$34K	3x	as long as short
Aster NEARUSDT	+0.0190%	8h	4.3770	−0.091%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0243%	1h	4.3676	−0.306%	$255K	—	100x	as long as short
Nado NEAR-PERP	+0.0408%	1h	4.3761	−0.113%	$1.9M	$3.0M	10x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3786	−0.055%	$13K	$7K	10x	as long as short
Arcus NEAR-USDlong	+0.0410%	1h	4.3810	long leg	$209K	$1.7M	10x
Backpack NEAR_USDC_PERP	+0.0588%	1h	4.3754	−0.128%	$1.4M	$6.4M	20x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3900	+0.205%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0642%	1h	4.3777	−0.075%	$1.9M	$4.3M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0704%	1h	4.3766	−0.101%	$8.2M	$41.0M	50x	as long as short
Hyperliquid NEAR	+0.0782%	1h	4.3828	+0.041%	$369.0M	$303.8M	10x	as long as short
Lighter RH NEAR	+0.0824%	1h	4.3812	+0.005%	$1.6M	$6.9M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3784	−0.059%	$552K	$1.3M	10x	as long as short
Lighter NEAR	+0.0960%	1h	4.3853	+0.099%	$17.5M	$25.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1691%	1h	4.3719	−0.209%	$5K	$12K	10x	as long as short