Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Bulk−0.379%7-day average −0.025% · 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−$86as in the Price arb table

costs, in and out, $10k−$510.510% of the position

Long on Bulk Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.288%+$29 · spread now −0.379%, 7d avg −0.025%

Together, before fees+0.294%+$29 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: Bitget is 0.354% cheaper against Bulk than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk NEAR-USD	4.3300	0.0100	pay 0.0013% / 1h	43m 20s	$247K	−$0	10x
Short	Bitget NEARUSDT	4.3136	0.0100	get 0.0100% / 8h	6h 43m	$71.4M	$123.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bulk. 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 BulkbpFee BitgetbpOrdersPrice spread, now −0.379%Rate

Funding earned: $0
Price spread: −0.379% → −0.025%: −$35.37
Slippage, 4 orders: −$31.99
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$86.36
Costs to cover: 0.510%
Break-even: never at this rate

Slippage from Bulk: live order book, 26 min ago; Bitget: live order book, 6 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 Bulk live order book, 26 min ago	11.59 bp	15.1 bp −$15	22.9 bp −$229	39.8 bp −$3,984	76.4 bp −$38.2K
Sell Bitget live order book, 6 min ago	0.12 bp	10.7 bp −$11	14.9 bp −$149	24.9 bp −$2,487	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	4.3174	−0.290%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3217	−0.192%	$2.1M	$13.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3193	−0.247%	$108K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3228	−0.166%	$558K	$19.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3149	−0.348%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.365%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0040%	8h	4.3438	+0.319%	$8.2M	$19.1M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3240	−0.139%	$115K	$477K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3167	−0.307%	$57K	$161K	20x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3212	−0.202%	$408K	$1.2M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.3220	−0.185%	$258.7M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3190	−0.254%	$219.8M	$419.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3150	−0.346%	$61.1M	$279.1M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3270	−0.069%	$205K	$1.8M	10x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.3300	long leg	$247K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.3168	−0.305%	$31.0M	$60.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3220	−0.185%	$76.3M	$137.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3260	−0.092%	$55.6M	$42.7M	75x	as long as short
Bitget NEARUSDTshort	+0.0100%	8h	4.3136	−0.379%	$71.4M	$123.4M	75x
BingX NEAR-USDT	+0.0100%	8h	4.3150	−0.346%	—	$142.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3320	+0.045%	$260K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3386	+0.199%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3310	+0.023%	$179K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3253	−0.109%	$215K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3270	−0.069%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3175	−0.289%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3280	−0.046%	$441K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3210	−0.208%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3205	−0.219%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0102%	8h	4.3230	−0.162%	$3.0M	$5.8M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3124	−0.406%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3165	−0.312%	$201K	$34K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0219%	1h	4.3210	−0.208%	$7.9M	$40.0M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3220	−0.185%	$13.2M	$27.6M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0358% / S −0.0277%	1h	4.3147	−0.353%	$259K	—	100x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.3276	−0.055%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0395%	1h	4.3185	−0.266%	$1.9M	$3.0M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3271	−0.066%	$539K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3533	+0.538%	$1.8M	$2.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0677%	1h	4.3182	−0.273%	$1.9M	$4.1M	25x	as long as short
Lighter RH NEAR	+0.0720%	1h	4.3271	−0.067%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0797%	1h	4.3249	−0.118%	$363.8M	$305.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0819%	1h	4.3271	−0.067%	$1.3M	$6.0M	20x	as long as short
Lighter NEAR	+0.1448%	1h	4.3282	−0.042%	$17.3M	$24.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1455%	1h	4.3238	−0.143%	$5K	$12K	10x	as long as short