Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0323%/8h= +35.4% APRpaid last 24h +0.077%

Price spread now: Nado against Gate+0.180%7-day average +0.053% · 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−$36as in the Price arb table

costs, in and out, $10k−$490.486% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.076%+$8 on $10k

Price spread, last 7 days−0.052%−$5 · spread now +0.180%, 7d avg +0.053%

Together, before fees+0.023%+ Points / potential airdropNado: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Nado is 0.128% dearer against Gate than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.053%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.076% in total (about 8.5% 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	4.3114	0.0100	pay 0.0100% / 8h	7h 02m	$30.9M	$61.2M	75x
Short	Nado NEAR-PERP	4.3192	0.0423	get 0.0053% / 1h	2m 59s	$1.9M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.180%Rate

Funding earned: $67.87
Price spread: +0.180% → +0.053%: $12.77
Slippage, 4 orders: −$26.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $32.04
Costs to cover: 0.486%
Break-even: 3.7 days

Slippage from Gate: live order book, 1 min ago; Nado: live order book, 1 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, 1 min ago	3.13 bp	12.8 bp −$13	19.9 bp −$199	41.1 bp −$4,108	65.8 bp −$32.9K
Sell Nado live order book, 1 min ago	0.93 bp	9.5 bp −$9	20.1 bp −$201	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	4.3165	+0.119%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3182	+0.157%	$7.9M	$38.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3218	+0.241%	$2.2M	$13.2M	50x	as long as short
Phemex NEARUSDT	−0.0063%	8h	4.3120	+0.014%	$3.8M	$8.4M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3270	+0.362%	$382K	$18.7M	2.2x	as long as short
dYdX NEAR-USD	+0.0004%	1h	4.3193	+0.183%	$112K	$64K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3160	+0.108%	$158K	—	150x	as long as short
Variational Omni NEAR	+0.0010%	8h	4.3057	−0.132%	$8.2M	$18.8M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.952%	$578	$302K	12x	as long as short
01 Exchange NEARUSD	+0.0048%	1h	4.3259	+0.336%	$13K	$7K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3220	+0.246%	$115K	$474K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3181	+0.155%	$57K	$162K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3217	+0.239%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3228	+0.264%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3158	+0.102%	$257.5M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3160	+0.107%	$221.2M	$415.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3190	+0.176%	$61.1M	$276.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3260	+0.339%	$205K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3243	+0.298%	$246K	−$0	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.3114	long leg	$30.9M	$61.2M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.3110	−0.009%	$74.8M	$142.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3140	+0.060%	$55.9M	$42.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3176	+0.144%	$71.5M	$122.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3110	−0.009%	—	$141.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3270	+0.362%	$258K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3356	+0.561%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3140	+0.060%	$177K	$776K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3204	+0.209%	$203K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3240	+0.292%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3161	+0.109%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3290	+0.408%	$457K	$3.6M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3173	+0.137%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3166	+0.121%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3163	+0.113%	$201K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3140	+0.060%	$13.2M	$27.6M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0329%	1h	4.3185	+0.165%	$1.9M	$3.9M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0308%	1h	4.3153	+0.090%	$276K	—	100x	as long as short
Nado NEAR-PERPshort	+0.0423%	1h	4.3192	+0.180%	$1.9M	$3.1M	10x
RISEx NEAR/USDC	+0.0428%	1h	4.3260	+0.339%	$409K	$1.2M	10x	as long as short
Hyperliquid NEAR	+0.0460%	1h	4.3192	+0.181%	$366.4M	$301.6M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0492%	1h	4.3160	+0.107%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3218	+0.241%	$1.8M	$2.7M	10x	as long as short
Lighter RH NEAR	+0.0504%	1h	4.3190	+0.176%	$1.6M	$7.0M	10x	as long as short
Aftermath Perps NEARUSD	+0.1496%	1h	4.3263	+0.345%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1776%	1h	4.3241	+0.295%	$17.3M	$24.8M	15x	as long as short