Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0692%/8h= +75.8% APRpaid last 24h +0.080%

Price spread now: Deribit against Gate+0.174%7-day average +0.102% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$450.452% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.397%+$40 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.174%, 7d avg +0.102%

Together, before fees+0.436%+$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Deribit is 0.072% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.102%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.397% in total (about 20.7% 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	4.3150	0.0100	pay 0.0100% / 8h	59m 44s	$35.2M	$62.5M	75x
Short	Deribit NEAR_USDC-PERPETUAL	4.3225	0.0792	get 0.0099% / 1h	59m 44s	$1.9M	$13.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.174%Rate

Funding earned: $145.32
Price spread: +0.174% → +0.102%: $7.23
Slippage, 4 orders: −$23.25
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $107.3
Costs to cover: 0.452%
Break-even: 1.8 days

Slippage from Gate: live order book, 4 min ago; Deribit: live order book, 4 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, 4 min ago	2.78 bp	13.2 bp −$13	22.0 bp −$220	40.0 bp −$4,005	52.7 bp −$26.4K
Sell Deribit live order book, 4 min ago	3.01 bp	6.5 bp −$7	13.7 bp −$137	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	4.3189	+0.091%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3136	−0.032%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3179	+0.067%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.032%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3220	+0.162%	$105K	$492K	50x	as long as short
Hyperliquid NEAR	+0.0100%	1h	4.3155	+0.012%	$350.5M	$315.0M	10x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3200	+0.116%	$218.4M	$431.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3200	+0.116%	$60.7M	$290.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3150	+0.001%	$246K	−$0	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.3150	long leg	$35.2M	$62.5M	75x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3180	+0.070%	$52.3M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3118	−0.074%	$71.4M	$128.5M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3137	−0.029%	$8.6M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3231	+0.188%	$251K	$906K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3225	+0.175%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3400	+0.579%	$163K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3219	+0.160%	$288K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3212	+0.144%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3300	+0.348%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3195	+0.104%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3310	+0.371%	$458K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3210	+0.139%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.3187	+0.086%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3152	+0.004%	$3.6M	$17.8M	25x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.3225	+0.174%	$201K	$38K	3x	as long as short
BingX NEAR-USDT	+0.0203%	8h	4.3160	+0.023%	—	$144.8M	—	as long as short
MEXC NEAR_USDT	+0.0212%	8h	4.3190	+0.093%	$75.3M	$151.3M	200x	as long as short
Binance NEARUSDT	+0.0213%	8h	4.3205	+0.129%	$262.8M	$1.09B	75x	as long as short
Kalshi KXNEARPERP	+0.0213%	8h	4.3182	+0.074%	$945K	$25.1M	2.2x	as long as short
Aster NEARUSDT	+0.0247%	8h	4.3144	−0.013%	$2.7M	$4.8M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0313% / S −0.0201%	1h	4.3179	+0.066%	$231K	—	100x	as long as short
BloFin NEAR-USDT	+0.0332%	8h	4.3170	+0.046%	$13.5M	$32.0M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0396%	1h	4.3212	+0.144%	$1.3M	$6.9M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.3262	+0.260%	$2.3M	$16.6M	50x	as long as short
01 Exchange NEARUSD	+0.0432%	1h	4.3253	+0.239%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0538%	1h	4.3191	+0.095%	$1.6M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0676%	1h	4.3176	+0.061%	$7.1M	$38.3M	50x	as long as short
Lighter NEAR	+0.0728%	1h	4.3195	+0.104%	$17.0M	$24.8M	15x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.0792%	1h	4.3225	+0.174%	$1.9M	$13.0M	25x
Lighter RH NEAR	+0.0824%	1h	4.3183	+0.076%	$1.5M	$6.8M	10x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.3260	+0.255%	$228K	$1.6M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.3312	+0.375%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.3166	+0.037%	$398K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.3259	+0.253%	$655K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1289%	1h	4.3324	+0.403%	$5K	$12K	10x	as long as short