Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Orderly against Gate+0.191%7-day average +0.031% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.191%, 7d avg +0.031%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.160% dearer against Gate than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.3496	0.0100	pay 0.0100% / 8h	3h 20m	$32.1M	$61.7M	75x
Short	Orderly PERP_NEAR_USDC	4.3579	0.0100	get 0.0100% / 8h	3h 20m	$58K	$246K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.191%Rate

Funding earned: $0
Price spread: +0.191% → +0.031%: $15.96
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$5.04
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

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	3.47 bp	16.5 bp −$17	30.0 bp −$300	40.9 bp −$4,093	53.1 bp −$26.5K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.3560	+0.146%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3462	−0.078%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3519	+0.052%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.796%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3571	+0.172%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3560	+0.147%	$110K	$503K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3530	+0.078%	$266.3M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3495	−0.002%	$215.2M	$426.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3500	+0.009%	$61.6M	$290.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3250	−0.565%	$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	4.3496	long leg	$32.1M	$61.7M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.3550	+0.124%	$74.1M	$146.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3560	+0.147%	$54.0M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3488	−0.018%	$71.7M	$127.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3490	−0.014%	—	$145.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3327	−0.388%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3292	−0.470%	$253K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3500	+0.009%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3280	−0.497%	$166K	$796K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3587	+0.209%	$277K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDCshort	+0.0100%	8h	4.3579	+0.191%	$58K	$246K	20x
SunX NEAR-USDT	+0.0100%	8h	4.3570	+0.170%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3640	+0.331%	$473K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3580	+0.193%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3504	+0.018%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3568	+0.165%	$203K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3410	−0.198%	$13.4M	$32.2M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3459	−0.085%	$408K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0277%	8h	4.3539	+0.099%	$876K	$23.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0324% / S −0.0198%	1h	4.3512	+0.037%	$235K	—	100x	as long as short
Aster NEARUSDT	+0.0333%	8h	4.3530	+0.078%	$2.9M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0367%	1h	4.3536	+0.092%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0512%	1h	4.3541	+0.103%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0574%	1h	4.3540	+0.101%	$1.8M	$3.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0581%	1h	4.3551	+0.126%	$1.3M	$6.7M	20x	as long as short
Hyperliquid NEAR	+0.0596%	1h	4.3536	+0.092%	$356.5M	$314.3M	10x	as long as short
Extended NEAR-USD	+0.0616%	1h	4.3527	+0.071%	$3.8M	$20.0M	25x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3540	+0.101%	$214K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0708%	1h	4.3554	+0.134%	$7.6M	$39.3M	50x	as long as short
Lighter RH NEAR	+0.0896%	1h	4.3602	+0.244%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3290	−0.474%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1088%	1h	4.3589	+0.214%	$17.6M	$25.0M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1106%	1h	4.3583	+0.200%	$1.9M	$9.5M	25x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3545	+0.112%	$688K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1543%	1h	4.3445	−0.118%	$5K	$13K	10x	as long as short