Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.026%

Price spread now: dYdX against Gate+0.055%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$320as in the Funding arb table

Net, price: spread back to 7d avg − costs−$297as in the Price arb table

costs, in and out, $10k−$3023.024% of the position

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.172%−$17 on $10k

Price spread, last 4 days (all we have)−0.265%−$26 · spread now +0.055%, 7d avg +0.005%

Together, before fees−0.437%−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.050% dearer against Gate than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of +0.005%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.3011	0.0060	pay 0.0060% / 8h	7h 48m	$31.0M	$58.6M	75x
Short	dYdX NEAR-USD	4.3035	0	get 0.0000% / 1h	48m 28s	$112K	$64K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$12.6
Price spread: +0.055% → +0.005%: $5.03
Slippage, 4 orders: −$277.38
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$309.95
Costs to cover: 3.024%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; dYdX: live order book, 25 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	1.86 bp	16.5 bp −$16	24.1 bp −$241	45.5 bp −$4,551	63.7 bp −$31.8K
Sell dYdX live order book, 25 min ago	73.01 bp	78.0 bp −$78	96.1 bp −$961	98.9 bp −$9,890	99.1 bp −$49.6K

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
Phemex NEARUSDT	−0.0390%	8h	4.3130	+0.277%	$3.9M	$8.6M	50x	as long as short
Bybit NEARUSDT	−0.0182%	8h	4.3040	+0.067%	$219.5M	$419.0M	75x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3030	+0.043%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3162	+0.351%	$7.6M	$37.1M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3016	+0.012%	$2.3M	$13.0M	50x	as long as short
dYdX NEAR-USDshort	0.0000%	1h	4.3035	+0.055%	$112K	$64K	10x
Kalshi KXNEARPERP	0.0000%	8h	4.3058	+0.109%	$377K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3120	+0.253%	$204K	—	150x	as long as short
01 Exchange NEARUSD	+0.0008%	1h	4.3062	+0.119%	$13K	$7K	10x	as long as short
Variational Omni NEAR	+0.0014%	8h	4.2988	−0.053%	$7.9M	$18.6M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.722%	$578	$302K	12x	as long as short
Gate NEAR_USDTlong	+0.0060%	8h	4.3011	long leg	$31.0M	$58.6M	75x
Popdex NEARUSDT	+0.0096%	1h	4.3060	+0.114%	$112K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3150	+0.323%	$57K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3013	+0.005%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3086	+0.175%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3042	+0.072%	$403K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3060	+0.114%	$255.7M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3040	+0.067%	$61.2M	$280.4M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3030	+0.044%	$197K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3050	+0.091%	$245K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3020	+0.021%	$79.8M	$138.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3040	+0.067%	$56.3M	$43.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3033	+0.051%	$71.4M	$124.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3020	+0.021%	—	$140.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3062	+0.117%	$267K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3082	+0.165%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3000	−0.026%	$180K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3068	+0.133%	$193K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3190	+0.416%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3140	+0.300%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0102%	8h	4.3200	+0.439%	$460K	$3.6M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2989	−0.051%	$3.9M	$16.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3140	+0.300%	$201K	$28K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3080	+0.160%	$13.0M	$29.3M	75x	as long as short
Hyperliquid NEAR	+0.0326%	1h	4.3098	+0.202%	$367.5M	$300.1M	10x	as long as short
Lighter RH NEAR	+0.0336%	1h	4.3100	+0.207%	$1.6M	$6.8M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0377% / S −0.0313%	1h	4.3117	+0.248%	$276K	—	100x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3050	+0.092%	$409K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0437%	1h	4.3022	+0.025%	$1.9M	$3.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0492%	1h	4.3172	+0.374%	$1.9M	$3.0M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0499%	1h	4.3177	+0.386%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3171	+0.372%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1236%	1h	4.3045	+0.079%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.2232%	1h	4.3175	+0.381%	$17.3M	$23.9M	15x	as long as short