Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Bulk−0.096%7-day average −0.020% · 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−$66as in the Price arb table

costs, in and out, $10k−$580.582% of the position

Long on Bulk Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.463%+$46 · spread now −0.096%, 7d avg −0.020%

Together, before fees+0.465%+$46 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: Gate is 0.075% cheaper against Bulk than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk NEAR-USD	4.4098	0.0100	pay 0.0013% / 1h	20m 26s	$251K	−$0	10x
Short	Gate NEAR_USDT	4.4056	0.0100	get 0.0100% / 8h	4h 20m	$32.0M	$64.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.096%Rate

Funding earned: $0
Price spread: −0.096% → −0.020%: −$7.55
Slippage, 4 orders: −$36.24
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$65.79
Costs to cover: 0.582%
Break-even: never at this rate

Slippage from Bulk: live order book, 39 min ago; Gate: 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 Bulk live order book, 39 min ago	11.15 bp	14.6 bp −$15	14.6 bp −$146	33.3 bp −$3,330	48.2 bp −$24.1K
Sell Gate live order book, 3 min ago	0.79 bp	12.3 bp −$12	24.1 bp −$241	42.6 bp −$4,262	60.7 bp −$30.4K

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	4.4042	−0.127%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4022	−0.173%	$2.3M	$15.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4022	−0.174%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4109	+0.024%	$600K	$22.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4052	−0.105%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.096%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4070	−0.064%	$113K	$518K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4054	−0.101%	$421K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4108	+0.021%	$270.9M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4142	+0.099%	$222.0M	$424.3M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4150	+0.117%	$62.7M	$299.9M	50x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.4098	long leg	$251K	−$0	10x
Gate NEAR_USDTshort	+0.0100%	8h	4.4056	−0.096%	$32.0M	$64.0M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.4090	−0.019%	$74.3M	$149.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4090	−0.019%	$54.6M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4159	+0.138%	$72.6M	$130.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4060	−0.087%	—	$147.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4057	−0.094%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4206	+0.244%	$265K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4210	+0.253%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4050	−0.109%	$169K	$802K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4074	−0.055%	$232K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4173	+0.170%	$56K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4180	+0.185%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4140	+0.095%	$457K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4110	+0.027%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4037	−0.139%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4210	+0.253%	$206K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0106%	1h	4.4055	−0.098%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4110	+0.027%	$13.9M	$32.8M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0296%	1h	4.4099	+0.002%	$1.4M	$6.5M	20x	as long as short
Aster NEARUSDT	+0.0303%	8h	4.4100	+0.004%	$3.0M	$5.5M	50x	as long as short
Hyperliquid NEAR	+0.0309%	1h	4.4127	+0.065%	$364.0M	$324.6M	10x	as long as short
01 Exchange NEARUSD	+0.0320%	1h	4.4120	+0.049%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0190%	1h	4.4046	−0.119%	$233K	—	100x	as long as short
Extended NEAR-USD	+0.0352%	1h	4.4044	−0.123%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0540%	1h	4.4065	−0.075%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4120	+0.049%	$218K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0589%	1h	4.4086	−0.027%	$8.1M	$39.7M	50x	as long as short
Lighter RH NEAR	+0.0608%	1h	4.4108	+0.022%	$1.5M	$7.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0749%	1h	4.4093	−0.012%	$2.0M	$7.3M	25x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4289	+0.433%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.0920%	1h	4.4101	+0.007%	$17.8M	$26.5M	15x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4119	+0.048%	$590K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1551%	1h	4.4114	+0.037%	$5K	$12K	10x	as long as short