Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.020%

Price spread now: gTrade (Gains Network) against Bybit+0.003%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$294as in the Price arb table

costs, in and out, $10k−$2912.908% of the position

Long on Bybit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.087%−$9 on $10k

Price spread, last 4 days (all we have)+0.137%+$14 · spread now +0.003%, 7d avg +0.033%

Together, before fees+0.050%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.031% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NEARUSDT	4.3560	0.0100	pay 0.0100% / 8h	2m 07s	$219.5M	$430.0M	75x
Short	gTrade (Gains Network) NEAR/USD	4.3561	L +0.0004% / S −0.0006%	get 0.0001% / 1h	2m 07s	$163K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.003%Rate

Funding earned: −$19.67
Price spread: +0.003% → +0.033%: −$3.05
Slippage, 4 orders: −$269.83
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$313.56
Costs to cover: 2.908%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 37 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 Bybit live order book, 2 min ago	1.15 bp	8.1 bp −$8	13.1 bp −$131	36.4 bp −$3,641	128.9 bp −$64.4K
Sell gTrade (Gains Network) virtual book (oracle venue), 37 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	4.3597	+0.084%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3534	−0.060%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USDshort	L +0.0004% / S −0.0006%	1h	4.3561	+0.003%	$163K	—	150x
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3610	+0.115%	$7.2M	$38.7M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.936%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3530	−0.069%	$114K	$500K	50x	as long as short
Bybit NEARUSDTlong	+0.0100%	8h	4.3560	long leg	$219.5M	$430.0M	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3550	−0.023%	$61.5M	$295.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	+0.436%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3513	−0.108%	$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	4.3580	+0.046%	$52.8M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3563	+0.007%	$72.0M	$127.9M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3549	−0.025%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3722	+0.373%	$253K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3681	+0.279%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3680	+0.275%	$167K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3550	−0.023%	$272K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3579	+0.044%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3640	+0.184%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3610	+0.115%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3590	+0.069%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3521	−0.089%	$31K	$585	10x	as long as short
Aster NEARUSDT	+0.0102%	8h	4.3590	+0.069%	$2.7M	$4.8M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3569	+0.020%	$3.6M	$16.4M	25x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3584	+0.055%	$203K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0130%	1h	4.3556	−0.009%	$350.9M	$316.3M	10x	as long as short
Binance NEARUSDT	+0.0142%	8h	4.3571	+0.025%	$263.2M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0144%	8h	4.3560	0.000%	$88.7M	$154.7M	200x	as long as short
BingX NEAR-USDT	+0.0155%	8h	4.3590	+0.069%	—	$83.2M	—	as long as short
HTX NEAR-USDT	+0.0160%	8h	4.3680	+0.275%	$465K	$3.8M	75x	as long as short
Kalshi KXNEARPERP	+0.0167%	8h	4.3592	+0.073%	$916K	$25.1M	2.2x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.3561	+0.002%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0264%	8h	4.3630	+0.161%	$13.4M	$32.1M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0242%	1h	4.3563	+0.006%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0370%	1h	4.3505	−0.126%	$1.6M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0474%	1h	4.3623	+0.145%	$1.1M	$7.2M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3660	+0.230%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0512%	1h	4.3632	+0.165%	$1.5M	$6.8M	10x	as long as short
Lighter NEAR	+0.0560%	1h	4.3672	+0.257%	$17.2M	$25.4M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3570	+0.023%	$228K	$1.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0944%	1h	4.3609	+0.112%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3538	−0.051%	$410K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3702	+0.326%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3559	−0.003%	$604K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1121%	1h	4.3590	+0.069%	$5K	$7K	10x	as long as short