Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0156%/8h= −17.0% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against BingX−0.160%7-day average +0.017% · 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−$320as in the Price arb table

costs, in and out, $10k−$3033.026% of the position

Long on BingX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.093%−$9 on $10k

Price spread, last 4 days (all we have)+0.330%+$33 · spread now −0.160%, 7d avg +0.017%

Together, before fees+0.236%+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and gTrade (Gains Network) is 0.177% cheaper against BingX than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NEAR-USDC	4.3470	0.0162	pay 0.0162% / 8h	3m 49s	—	$6.7M	—
Short	gTrade (Gains Network) NEAR/USD	4.3400	L +0.0004% / S −0.0006%	get 0.0001% / 1h	3m 49s	$163K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BingX. 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 BingXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.160%Rate

Funding earned: −$32.69
Price spread: −0.160% → +0.017%: −$17.69
Slippage, 4 orders: −$282.63
Fee BingX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$353.01
Costs to cover: 3.026%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 35 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 BingX live order book, 3 min ago	1.14 bp	16.1 bp −$16	29.9 bp −$299	73.7 bp −$7,371	376.2 bp −$188.1K
Sell gTrade (Gains Network) virtual book (oracle venue), 35 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	4.3470	+0.001%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3586	+0.267%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USDshort	L +0.0004% / S −0.0006%	1h	4.3400	−0.160%	$163K	—	150x
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3440	−0.070%	$7.2M	$38.6M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.739%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3590	+0.276%	$114K	$499K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3462	−0.018%	$219.1M	$430.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3470	0.000%	$61.4M	$295.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	+0.644%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3467	−0.007%	$35.8M	$63.2M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3490	+0.046%	$52.7M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3477	+0.016%	$71.9M	$127.9M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3549	+0.182%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3722	+0.581%	$253K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3681	+0.486%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3680	+0.483%	$167K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3566	+0.221%	$274K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3448	−0.051%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3650	+0.414%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3433	−0.085%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3450	−0.046%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3651	+0.416%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3468	−0.005%	$3.6M	$16.4M	25x	as long as short
Aster NEARUSDT	+0.0108%	8h	4.3482	+0.028%	$2.7M	$4.8M	50x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3461	−0.021%	$202K	$38K	3x	as long as short
Hyperliquid NEAR	+0.0132%	1h	4.3508	+0.087%	$350.6M	$316.2M	10x	as long as short
MEXC NEAR_USDT	+0.0146%	8h	4.3480	+0.023%	$88.8M	$154.6M	200x	as long as short
Binance NEARUSDT	+0.0146%	8h	4.3480	+0.023%	$262.7M	$1.09B	75x	as long as short
HTX NEAR-USDT	+0.0158%	8h	4.3500	+0.069%	$463K	$3.8M	75x	as long as short
BingX NEAR-USDClong	+0.0162%	8h	4.3470	long leg	—	$6.7M	—
Kalshi KXNEARPERP	+0.0169%	8h	4.3475	+0.012%	$942K	$25.1M	2.2x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.3639	+0.389%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0266%	8h	4.3670	+0.460%	$13.4M	$32.2M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0242%	1h	4.3462	−0.017%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0365%	1h	4.3534	+0.147%	$1.6M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0471%	1h	4.3506	+0.083%	$1.1M	$7.2M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3494	+0.055%	$2.3M	$16.9M	50x	as long as short
Lighter RH NEAR	+0.0496%	1h	4.3514	+0.101%	$1.5M	$6.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0510%	1h	4.3469	−0.002%	$1.9M	$13.1M	25x	as long as short
Lighter NEAR	+0.0560%	1h	4.3527	+0.132%	$17.1M	$25.4M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3620	+0.345%	$228K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3643	+0.399%	$411K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3865	+0.909%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3615	+0.333%	$605K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1115%	1h	4.3615	+0.333%	$5K	$7K	10x	as long as short