Funding arb · Price arb /

NEAR

all NEAR markets

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 −0.129%

Price spread now: Gate against HTX−0.627%7-day average −0.268% · you buy dearer than you sell

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$670.665% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.602%−$60 on $10k

Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.627%, 7d avg −0.268%

Together, before fees−0.524%−$52 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: Gate is 0.359% cheaper against HTX than usual: you would sell low and buy high, −$36 on $10k if it goes back to its 7-day average of −0.268%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.3520	0.0100	pay 0.0100% / 8h	3h 23m	$472K	$3.9M	75x
Short	Gate NEAR_USDT	4.3247	0.0100	get 0.0100% / 8h	3h 23m	$32.0M	$61.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against HTX. 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 HTXbpFee GatebpOrdersPrice spread, now −0.627%Rate

Funding earned: $0
Price spread: −0.627% → −0.268%: −$35.9
Slippage, 4 orders: −$39.53
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$102.43
Costs to cover: 0.665%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; Gate: live order book, 5 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 HTX live order book, 5 min ago	2.29 bp	17.6 bp −$18	37.2 bp −$372	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.26 bp	17.8 bp −$18	23.3 bp −$233	34.8 bp −$3,484	50.8 bp −$25.4K

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	4.3438	−0.189%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3466	−0.125%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3348	−0.395%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.848%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3423	−0.223%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3440	−0.184%	$110K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3324	−0.450%	$265.5M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3297	−0.512%	$214.2M	$428.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3310	−0.483%	$61.3M	$291.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3412	−0.248%	$247K	−$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_USDTshort	+0.0100%	8h	4.3247	−0.627%	$32.0M	$61.4M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.3310	−0.483%	$73.0M	$145.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3380	−0.322%	$53.7M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3319	−0.462%	$71.5M	$128.8M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3270	−0.574%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3627	+0.246%	$8.4M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3622	+0.234%	$255K	$947K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3589	+0.159%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3640	+0.276%	$168K	$797K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3483	−0.085%	$279K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3383	−0.315%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3570	+0.115%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDTlong	+0.0100%	8h	4.3520	long leg	$472K	$3.9M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3400	−0.276%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3471	−0.113%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3395	−0.287%	$202K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3540	+0.046%	$13.5M	$32.3M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3507	−0.030%	$408K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0285%	8h	4.3439	−0.186%	$780K	$23.3M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0324% / S −0.0199%	1h	4.3348	−0.396%	$234K	—	100x	as long as short
Aster NEARUSDT	+0.0333%	8h	4.3310	−0.483%	$2.8M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0379%	1h	4.3350	−0.391%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0528%	1h	4.3499	−0.048%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0576%	1h	4.3460	−0.138%	$1.8M	$3.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0578%	1h	4.3419	−0.232%	$1.3M	$6.7M	20x	as long as short
Hyperliquid NEAR	+0.0619%	1h	4.3358	−0.372%	$355.1M	$313.6M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3490	−0.069%	$213K	$1.6M	10x	as long as short
Extended NEAR-USD	+0.0640%	1h	4.3237	−0.651%	$3.8M	$20.0M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0711%	1h	4.3356	−0.378%	$7.6M	$39.3M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0811%	1h	4.3390	−0.299%	$1.9M	$9.0M	25x	as long as short
Lighter RH NEAR	+0.0904%	1h	4.3424	−0.221%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3721	+0.462%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1112%	1h	4.3453	−0.154%	$17.5M	$25.0M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3483	−0.086%	$690K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1554%	1h	4.3501	−0.044%	$5K	$13K	10x	as long as short