Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: Bybit against Bitget+0.056%7-day average +0.008% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.056%, 7d avg +0.008%

Together, before fees−0.018%−$2 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: Bybit is 0.048% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.4354	0.0100	pay 0.0100% / 8h	1h 56m	$73.2M	$126.4M	75x
Short	Bybit NEARUSDT	4.4379	0.0100	get 0.0100% / 8h	1h 56m	$226.2M	$424.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → +0.008%: $4.84
Slippage, 4 orders: −$17.96
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$36.12
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Bybit: live order book, 3 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 Bitget live order book, 3 min ago	0.11 bp	12.2 bp −$12	15.7 bp −$157	33.4 bp −$3,343	doesn't fit
Sell Bybit live order book, 3 min ago	1.13 bp	9.8 bp −$10	13.2 bp −$132	28.9 bp −$2,888	137.5 bp −$68.7K

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	4.4383	+0.065%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4344	−0.022%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4369	+0.034%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.638%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4420	+0.149%	$114K	$491K	50x	as long as short
Bybit NEARUSDTshort	+0.0100%	8h	4.4379	+0.056%	$226.2M	$424.5M	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4370	+0.036%	$62.5M	$295.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4419	+0.148%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4370	+0.036%	$34.2M	$59.2M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4430	+0.171%	$53.5M	$45.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDTlong	+0.0100%	8h	4.4354	long leg	$73.2M	$126.4M	75x
Variational Omni NEAR	+0.0100%	8h	4.4347	−0.016%	$9.0M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4258	−0.216%	$258K	$962K	20x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4385	+0.070%	$58K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4450	+0.216%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4490	+0.307%	$465K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4340	−0.032%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0104%	8h	4.4424	+0.158%	$32K	$608	10x	as long as short
Polymarket Perps NEAR-USD	+0.0114%	1h	4.4423	+0.156%	$277K	$4.0M	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0119%	8h	4.4330	−0.054%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.4405	+0.115%	$206K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0140%	1h	4.4375	+0.047%	$5K	$52K	10x	as long as short
BingX NEAR-USDC	+0.0144%	8h	4.4400	+0.104%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0158%	8h	4.4400	+0.104%	$85.2M	$143.5M	200x	as long as short
Binance NEARUSDT	+0.0163%	8h	4.4410	+0.126%	$269.3M	$1.09B	75x	as long as short
BloFin NEAR-USDT	+0.0279%	8h	4.4340	−0.032%	$13.3M	$32.8M	75x	as long as short
Kalshi KXNEARPERP	+0.0305%	8h	4.4445	+0.205%	$1.1M	$24.7M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0201%	1h	4.4361	+0.016%	$238K	—	100x	as long as short
Aster NEARUSDT	+0.0344%	8h	4.4405	+0.116%	$2.9M	$5.0M	50x	as long as short
ApeX Omni NEARUSDT	+0.0394%	1h	4.4450	+0.216%	$168K	$803K	50x	as long as short
Extended NEAR-USD	+0.0408%	1h	4.4364	+0.022%	$3.7M	$19.1M	25x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4485	+0.295%	$2.3M	$16.3M	50x	as long as short
Nado NEAR-PERP	+0.0446%	1h	4.4430	+0.171%	$1.7M	$3.2M	10x	as long as short
01 Exchange NEARUSD	+0.0512%	1h	4.4440	+0.194%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0658%	1h	4.4355	+0.003%	$7.4M	$39.1M	50x	as long as short
Hyperliquid NEAR	+0.0716%	1h	4.4446	+0.207%	$365.7M	$312.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0765%	1h	4.4366	+0.027%	$1.3M	$6.6M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0810%	1h	4.4407	+0.119%	$1.9M	$12.2M	25x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4470	+0.262%	$223K	$1.6M	10x	as long as short
Lighter NEAR	+0.0880%	1h	4.4434	+0.181%	$17.4M	$24.6M	15x	as long as short
Lighter RH NEAR	+0.1024%	1h	4.4430	+0.171%	$1.5M	$6.6M	10x	as long as short
Phoenix NEAR	+0.1033%	1h	4.4593	+0.539%	$1.8M	$2.4M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4358	+0.010%	$408K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1223%	1h	4.4274	−0.180%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4456	+0.230%	$688K	$1.4M	10x	as long as short