Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0216%/8h= +23.6% APRpaid last 24h +0.069%

Price spread now: BloFin against gTrade (Gains Network)+0.139%70s7-day average +0.035% · 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—prices read too far apart to compare

costs, in and out, $10k−$2942.941% of the position

Long on gTrade (Gains Network)Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.242%+$24 on $10k

Price spread, last 4 days (all we have)−0.180%−$18 · spread now +0.139%, 7d avg +0.035%

Together, before fees+0.062%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.104% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.035%. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) NEAR/USD	4.5087	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	15m 13s	$169K	—	150x
Short	BloFin NEAR-USDT	4.5150	0.0220	get 0.0220% / 8h	6h 15m	$13.0M	$33.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BloFinbpOrdersPrice spread, now +0.139%Rate

Funding earned: $45.29
Price spread: +0.139% → +0.035%: $10.38
Slippage, 4 orders: −$272.1
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$238.43
Costs to cover: 2.941%
Break-even: 43.9 days

Slippage from gTrade (Gains Network): virtual book (oracle exchange), 36 min ago; BloFin: live order book, 7 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 gTrade (Gains Network) virtual book (oracle exchange), 36 min ago	130.01 bp	135.0 bp −$135	875.9 bp −$8,759	9405.5 bp −$940.6K	doesn't fit
Sell BloFin live order book, 7 min ago	1.10 bp	14.3 bp −$14	18.5 bp −$185	38.0 bp −$3,800	97.4 bp −$48.7K

NEAR on 45 exchanges

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	4.5136	+0.107%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0140%	1h	4.5123	+0.079%	$7.4M	$37.9M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5048	−0.088%	$110K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USDlong	L +0.0004% / S −0.0006%	1h	4.5087	long leg	$169K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.156%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5150	+0.139%	$124K	$522K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5134	+0.105%	$2.7M	$4.8M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5176	+0.196%	$274.6M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5160	+0.161%	$234.6M	$433.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5130	+0.095%	$64.6M	$310.8M	50x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.5110	+0.050%	$232K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5102	+0.033%	$269K	$12K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5123	+0.079%	$39.9M	$63.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5170	+0.183%	$78.5M	$172.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5170	+0.183%	$53.5M	$45.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5136	+0.108%	$74.8M	$130.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.5150	+0.139%	—	$78.4M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5025	−0.137%	$9.0M	$17.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5132	+0.099%	$267K	$870K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5070	−0.038%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5120	+0.073%	$168K	$827K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5168	+0.179%	$283K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5170	+0.183%	$59K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5150	+0.139%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5145	+0.128%	$5K	$40K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5130	+0.095%	$469K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5140	+0.117%	$3.4M	$8.0M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.5044	−0.095%	$33K	$51	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5141	+0.119%	$3.8M	$15.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5146	+0.129%	$210K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0107%	8h	4.5135	+0.106%	$815K	$26.3M	2.2x	as long as short
01 Exchange NEARUSD	+0.0160%	1h	4.5157	+0.155%	$13K	$5K	10x	as long as short
BloFin NEAR-USDTshort	+0.0220%	8h	4.5150	+0.139%	$13.0M	$33.0M	75x
Hyperliquid NEAR	+0.0293%	1h	4.5176	+0.197%	$364.6M	$324.2M	10x	as long as short
Lighter NEAR	+0.0304%	1h	4.5158	+0.157%	$17.6M	$23.8M	15x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0235%	1h	4.5004	−0.184%	$260K	—	100x	as long as short
Nado NEAR-PERP	+0.0422%	1h	4.5115	+0.061%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0520%	1h	4.5171	+0.186%	$2.3M	$17.8M	50x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.5105	+0.039%	$643K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0648%	1h	4.5197	+0.243%	$1.6M	$6.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0714%	1h	4.5192	+0.232%	$1.1M	$7.0M	20x	as long as short
Phoenix NEAR	+0.0851%	1h	4.5254	+0.370%	$1.7M	$2.5M	10x	as long as short
Pacifica NEAR	+0.0883%	1h	4.5086	−0.002%	$418K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0946%	1h	4.5197	+0.243%	$1.9M	$13.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1177%	1h	4.5178	+0.200%	$6K	$7K	10x	as long as short