Funding arb · Price arb /

NEAR

all NEAR markets

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: Gate against Bybit−0.058%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$460.460% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days+0.085%+$9 · spread now −0.058%, 7d avg +0.014%

Together, before fees+0.115%+$11 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 0.071% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NEARUSDT	4.3154	0.0100	pay 0.0100% / 8h	1h 00m	$218.2M	$431.4M	75x
Short	Gate NEAR_USDT	4.3129	0.0100	get 0.0100% / 8h	1h 00m	$35.1M	$62.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → +0.014%: −$7.14
Slippage, 4 orders: −$19.97
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$53.11
Costs to cover: 0.460%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 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 Bybit live order book, 3 min ago	1.16 bp	8.6 bp −$9	12.0 bp −$120	30.5 bp −$3,048	114.7 bp −$57.4K
Sell Gate live order book, 3 min ago	2.78 bp	16.7 bp −$17	22.0 bp −$220	41.1 bp −$4,105	54.3 bp −$27.2K

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	4.3108	−0.107%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3153	−0.003%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3108	−0.106%	$161K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.041%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3130	−0.056%	$105K	$492K	50x	as long as short
Bybit NEARUSDTlong	+0.0100%	8h	4.3154	long leg	$218.2M	$431.4M	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3150	−0.009%	$60.6M	$290.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3565	+0.953%	$248K	−$0	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.3129	−0.058%	$35.1M	$62.5M	75x
KuCoin NEARUSDTM	+0.0100%	8h	4.3160	+0.014%	$52.2M	$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 NEARUSDT	+0.0100%	8h	4.3146	−0.019%	$71.4M	$128.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3137	−0.038%	$8.6M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3231	+0.179%	$251K	$906K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3225	+0.165%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3400	+0.570%	$163K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3138	−0.037%	$288K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3142	−0.028%	$57K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3230	+0.176%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3135	−0.044%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3250	+0.222%	$457K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3170	+0.037%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.3137	−0.038%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3130	−0.055%	$3.6M	$17.8M	25x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.3157	+0.007%	$201K	$38K	3x	as long as short
BingX NEAR-USDT	+0.0203%	8h	4.3150	−0.009%	—	$144.8M	—	as long as short
Binance NEARUSDT	+0.0212%	8h	4.3170	+0.037%	$262.6M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0213%	8h	4.3170	+0.037%	$74.8M	$151.2M	200x	as long as short
Kalshi KXNEARPERP	+0.0215%	8h	4.3152	−0.005%	$945K	$25.1M	2.2x	as long as short
Aster NEARUSDT	+0.0253%	8h	4.3145	−0.020%	$2.7M	$4.8M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0313% / S −0.0200%	1h	4.3102	−0.120%	$230K	—	100x	as long as short
BloFin NEAR-USDT	+0.0332%	8h	4.3170	+0.037%	$13.5M	$32.0M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0394%	1h	4.3164	+0.023%	$1.3M	$6.9M	20x	as long as short
Hyperliquid NEAR	+0.0423%	1h	4.3187	+0.076%	$351.1M	$314.8M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.3142	−0.028%	$2.3M	$16.5M	50x	as long as short
01 Exchange NEARUSD	+0.0440%	1h	4.3132	−0.051%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0542%	1h	4.3147	−0.017%	$1.6M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0677%	1h	4.3111	−0.100%	$7.1M	$38.3M	50x	as long as short
Lighter NEAR	+0.0728%	1h	4.3188	+0.079%	$17.0M	$25.6M	15x	as long as short
Lighter RH NEAR	+0.0824%	1h	4.3190	+0.083%	$1.5M	$6.8M	10x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.3190	+0.083%	$227K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0887%	1h	4.3150	−0.009%	$1.9M	$13.0M	25x	as long as short
Phoenix NEAR	+0.1003%	1h	4.3312	+0.366%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.3168	+0.032%	$398K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.3146	−0.019%	$656K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1298%	1h	4.3364	+0.486%	$5K	$12K	10x	as long as short