Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0524%/8h= +57.4% APRpaid last 24h +0.006%

Price spread now: Extended against Gate−0.020%7-day average −0.046% · 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−$42as in the Price arb table

costs, in and out, $10k−$450.446% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.020%, 7d avg −0.046%

Together, before fees+0.049%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Extended is 0.026% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.046%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.019% in total (about 1.0% 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	4.3364	0.0100	pay 0.0100% / 8h	3h 21m	$32.0M	$61.7M	75x
Short	Extended NEAR-USD	4.3355	0.0624	get 0.0078% / 1h	21m 35s	$3.8M	$20.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.020%Rate

Funding earned: $110.04
Price spread: −0.020% → −0.046%: $2.6
Slippage, 4 orders: −$24.57
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $68.07
Costs to cover: 0.446%
Break-even: 2.7 days

Slippage from Gate: live order book, 2 min ago; Extended: live order book, 2 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, 2 min ago	3.47 bp	16.5 bp −$17	30.0 bp −$300	40.9 bp −$4,093	53.1 bp −$26.5K
Sell Extended live order book, 2 min ago	1.15 bp	5.4 bp −$5	15.7 bp −$157	1283.2 bp −$128.3K	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	4.3351	−0.030%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3393	+0.066%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3300	−0.148%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.506%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3361	−0.007%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3390	+0.060%	$110K	$503K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3423	+0.137%	$266.1M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3380	+0.037%	$214.7M	$428.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3350	−0.032%	$61.4M	$291.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3250	−0.262%	$246K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDTlong	+0.0100%	8h	4.3364	long leg	$32.0M	$61.7M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.3430	+0.152%	$73.9M	$145.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3410	+0.106%	$53.8M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3368	+0.009%	$71.5M	$128.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3370	+0.014%	—	$145.8M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3627	+0.606%	$8.4M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3292	−0.167%	$253K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3500	+0.314%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3280	−0.194%	$166K	$796K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3406	+0.097%	$276K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3349	−0.035%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3380	+0.037%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3410	+0.106%	$471K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3300	−0.148%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3349	−0.035%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3336	−0.065%	$201K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3260	−0.240%	$13.4M	$32.1M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3405	+0.095%	$407K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0276%	8h	4.3240	−0.286%	$873K	$23.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0323% / S −0.0198%	1h	4.3269	−0.220%	$233K	—	100x	as long as short
Aster NEARUSDT	+0.0331%	8h	4.3398	+0.078%	$2.8M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0361%	1h	4.3305	−0.136%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3385	+0.048%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0570%	1h	4.3322	−0.097%	$1.3M	$6.7M	20x	as long as short
Nado NEAR-PERP	+0.0584%	1h	4.3357	−0.015%	$1.8M	$3.1M	10x	as long as short
Hyperliquid NEAR	+0.0598%	1h	4.3402	+0.088%	$355.3M	$313.9M	10x	as long as short
Extended NEAR-USDshort	+0.0624%	1h	4.3355	−0.020%	$3.8M	$20.0M	25x
Arcus NEAR-USD	+0.0627%	1h	4.3400	+0.083%	$213K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0711%	1h	4.3317	−0.109%	$7.6M	$39.3M	50x	as long as short
Lighter RH NEAR	+0.0880%	1h	4.3428	+0.148%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3290	−0.171%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1104%	1h	4.3445	+0.187%	$17.5M	$25.0M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3394	+0.069%	$686K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1555%	1h	4.3415	+0.118%	$5K	$13K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1667%	1h	4.3375	+0.025%	$1.9M	$9.4M	25x	as long as short