Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Gate against BingX−0.011%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$470.467% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 7 days+0.005%+$1 · spread now −0.011%, 7d avg −0.002%

Together, before fees+0.063%+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NEAR-USDT	4.4630	0.0100	pay 0.0100% / 8h	5h 55m	—	$77.7M	—
Short	Gate NEAR_USDT	4.4625	0.0100	get 0.0100% / 8h	5h 55m	$39.7M	$61.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.011%Rate

Funding earned: $0
Price spread: −0.011% → −0.002%: −$0.89
Slippage, 4 orders: −$21.73
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$47.62
Costs to cover: 0.467%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; Gate: live order book, 2 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, 12 min ago	1.11 bp	7.7 bp −$8	10.7 bp −$107	21.3 bp −$2,125	46.9 bp −$23.4K
Sell Gate live order book, 2 min ago	3.01 bp	14.8 bp −$15	22.9 bp −$229	38.9 bp −$3,892	57.5 bp −$28.7K

NEAR on 45 exchanges

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
Kraken Futures PF_NEARUSD	−0.0236%	1h	4.4832	+0.453%	$7.4M	$37.1M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4839	+0.469%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4956	+0.730%	$110K	$53K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4888	+0.578%	$788K	$26.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4937	+0.688%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.215%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4640	+0.022%	$123K	$505K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4670	+0.089%	$2.6M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4660	+0.067%	$271.4M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4630	0.000%	$230.8M	$428.4M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4610	−0.045%	$63.8M	$297.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4950	+0.717%	$268K	$12K	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.4625	−0.011%	$39.7M	$61.6M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.4630	0.000%	$76.2M	$167.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4680	+0.112%	$53.0M	$44.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4638	+0.018%	$74.0M	$127.5M	75x	as long as short
BingX NEAR-USDTlong	+0.0100%	8h	4.4630	long leg	—	$77.7M	—
Variational Omni NEAR	+0.0100%	8h	4.4874	+0.546%	$8.9M	$16.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4966	+0.753%	$266K	$867K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5100	+1.053%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5130	+1.120%	$168K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4896	+0.596%	$281K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4856	+0.506%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4940	+0.695%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4745	+0.258%	$5K	$40K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4950	+0.717%	$466K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4840	+0.471%	$3.4M	$7.9M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4636	+0.013%	$32K	$51	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4630	+0.001%	$3.7M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4839	+0.469%	$208K	$38K	3x	as long as short
Lighter NEAR	+0.0160%	1h	4.4698	+0.152%	$17.5M	$23.2M	15x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4990	+0.807%	$12.9M	$32.7M	75x	as long as short
Nado NEAR-PERP	+0.0234%	1h	4.4890	+0.583%	$1.7M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0264%	1h	4.4629	−0.002%	$13K	$4K	10x	as long as short
Hyperliquid NEAR	+0.0317%	1h	4.4698	+0.152%	$360.3M	$318.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0341% / S −0.0226%	1h	4.4821	+0.429%	$263K	—	100x	as long as short
Arcus NEAR-USD	+0.0343%	1h	4.4650	+0.045%	$226K	$1.4M	10x	as long as short
Lighter RH NEAR	+0.0384%	1h	4.4696	+0.148%	$1.6M	$5.7M	10x	as long as short
RISEx NEAR/USDC	+0.0489%	1h	4.4884	+0.568%	$637K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0504%	1h	4.4913	+0.634%	$2.3M	$17.7M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0615%	1h	4.4800	+0.381%	$1.1M	$7.0M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0642%	1h	4.4876	+0.551%	$1.9M	$13.0M	25x	as long as short
Phoenix NEAR	+0.0851%	1h	4.5045	+0.930%	$1.7M	$2.7M	10x	as long as short
Pacifica NEAR	+0.0851%	1h	4.4661	+0.069%	$420K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1169%	1h	4.4994	+0.817%	$6K	$6K	10x	as long as short