Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0388%/8h= +42.5% APRpaid last 24h −0.027%

Price spread now: Coinbase International against Gate−0.002%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$570.573% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.187%−$19 on $10k

Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.002%, 7d avg +0.013%

Together, before fees−0.030%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.187%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.187% in total (about -9.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.3668	0.0100	pay 0.0100% / 8h	13m 49s	$35.8M	$62.8M	75x
Short	Coinbase International NEAR-PERP-INTX	4.3667	0.0488	get 0.0061% / 1h	13m 49s	$2.3M	$17.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now −0.002%Rate

Funding earned: $81.48
Price spread: −0.002% → +0.013%: −$1.51
Slippage, 4 orders: −$32.34
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $22.64
Costs to cover: 0.573%
Break-even: 5.1 days

Slippage from Gate: live order book, 5 min ago; Coinbase International: live order book, 5 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 Gate live order book, 5 min ago	0.92 bp	14.0 bp −$14	25.5 bp −$255	42.4 bp −$4,243	57.2 bp −$28.6K
Sell Coinbase International live order book, 5 min ago	6.64 bp	11.6 bp −$12	16.8 bp −$168	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	4.3615	−0.121%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3639	−0.067%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3625	−0.099%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3631	−0.084%	$7.1M	$38.4M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.171%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3600	−0.156%	$113K	$499K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3638	−0.069%	$220.4M	$428.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3650	−0.041%	$61.2M	$295.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3601	−0.154%	$248K	−$0	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.3668	long leg	$35.8M	$62.8M	75x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3680	+0.027%	$52.9M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3659	−0.021%	$72.2M	$127.9M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3658	−0.022%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3701	+0.075%	$253K	$901K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3600	−0.156%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3590	−0.179%	$166K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3612	−0.128%	$277K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3681	+0.030%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3740	+0.165%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3670	+0.005%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3660	−0.018%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3652	−0.037%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3663	−0.011%	$3.6M	$16.7M	25x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3680	+0.027%	$203K	$38K	3x	as long as short
Aster NEARUSDT	+0.0135%	8h	4.3661	−0.015%	$2.7M	$4.8M	50x	as long as short
Hyperliquid NEAR	+0.0145%	1h	4.3704	+0.082%	$352.2M	$316.0M	10x	as long as short
HTX NEAR-USDT	+0.0152%	8h	4.3660	−0.018%	$465K	$3.8M	75x	as long as short
Binance NEARUSDT	+0.0162%	8h	4.3657	−0.025%	$264.4M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0167%	8h	4.3680	+0.027%	$89.0M	$153.0M	200x	as long as short
Kalshi KXNEARPERP	+0.0177%	8h	4.3669	+0.002%	$981K	$25.1M	2.2x	as long as short
BingX NEAR-USDC	+0.0178%	8h	4.3680	+0.027%	—	$6.7M	—	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.3619	−0.112%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0288%	8h	4.3620	−0.110%	$13.3M	$32.2M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0338% / S −0.0237%	1h	4.3626	−0.096%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0385%	1h	4.3576	−0.211%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0461%	1h	4.3694	+0.060%	$1.0M	$7.1M	20x	as long as short
Coinbase International NEAR-PERP-INTXshort	+0.0488%	1h	4.3667	−0.002%	$2.3M	$17.0M	50x
Lighter RH NEAR	+0.0520%	1h	4.3715	+0.108%	$1.5M	$6.7M	10x	as long as short
Lighter NEAR	+0.0552%	1h	4.3719	+0.117%	$17.2M	$25.4M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3610	−0.133%	$229K	$1.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0643%	1h	4.3699	+0.071%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3644	−0.055%	$411K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3794	+0.289%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3608	−0.138%	$609K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1130%	1h	4.3611	−0.131%	$5K	$7K	10x	as long as short