Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Polymarket Perps+0.016%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 7 days0.000%$0 · spread now +0.016%, 7d avg −0.036%

Together, before fees−0.004%$0 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 0.051% dearer against Polymarket Perps than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NEAR-USD	4.4871	0.0100	pay 0.0013% / 1h	48m 47s	$282K	$4.0M	10x
Short	Gate NEAR_USDT	4.4878	0.0100	get 0.0100% / 8h	1h 48m	$34.9M	$59.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Polymarket Perps. 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 Polymarket PerpsbpFee GatebpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → −0.036%: $5.11
Slippage, 4 orders: −$21.28
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$39.17
Costs to cover: 0.443%
Break-even: never at this rate

Slippage from Polymarket Perps: 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 Polymarket Perps live order book, 5 min ago	3.15 bp	7.2 bp −$7	9.0 bp −$90	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.04 bp	15.6 bp −$16	19.4 bp −$194	33.0 bp −$3,301	57.4 bp −$28.7K

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	4.4849	−0.049%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4847	−0.053%	$110K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4919	+0.108%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.713%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4870	−0.002%	$110K	$494K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4850	−0.047%	$230.5M	$428.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4820	−0.114%	$63.3M	$299.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4366	−1.125%	$253K	−$0	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.4878	+0.016%	$34.9M	$59.9M	75x
KuCoin NEARUSDTM	+0.0100%	8h	4.4910	+0.087%	$54.0M	$45.8M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4802	−0.154%	$74.2M	$126.2M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4568	−0.676%	$8.9M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4503	−0.820%	$260K	$964K	20x	as long as short
Polymarket Perps NEAR-USDlong	+0.0100%	1h	4.4871	long leg	$282K	$4.0M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4949	+0.174%	$59K	$233K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4980	+0.243%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4990	+0.265%	$470K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4910	+0.087%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0105%	8h	4.4879	+0.018%	$32K	$585	10x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.4925	+0.120%	$209K	$40K	3x	as long as short
GRVT NEAR_USDT_Perp	+0.0122%	8h	4.4641	−0.512%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0132%	1h	4.4470	−0.894%	$168K	$803K	50x	as long as short
BingX NEAR-USDC	+0.0165%	8h	4.4850	−0.047%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0169%	8h	4.4880	+0.020%	$86.0M	$144.7M	200x	as long as short
Binance NEARUSDT	+0.0176%	8h	4.4910	+0.086%	$272.6M	$1.09B	75x	as long as short
BloFin NEAR-USDT	+0.0296%	8h	4.4950	+0.176%	$13.7M	$33.2M	75x	as long as short
Kalshi KXNEARPERP	+0.0302%	8h	4.4837	−0.076%	$1.1M	$24.9M	2.2x	as long as short
SoDEX NEAR-USD	+0.0310%	1h	4.4945	+0.165%	$5K	$52K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0316% / S −0.0201%	1h	4.4901	+0.066%	$240K	—	100x	as long as short
Aster NEARUSDT	+0.0342%	8h	4.4910	+0.087%	$2.9M	$5.0M	50x	as long as short
Extended NEAR-USD	+0.0368%	1h	4.4875	+0.008%	$3.8M	$19.0M	25x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4934	+0.140%	$2.3M	$16.5M	50x	as long as short
Nado NEAR-PERP	+0.0533%	1h	4.4465	−0.905%	$1.7M	$3.2M	10x	as long as short
01 Exchange NEARUSD	+0.0536%	1h	4.4932	+0.136%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0626%	1h	4.4987	+0.259%	$1.4M	$6.5M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0650%	1h	4.4898	+0.061%	$7.4M	$38.7M	50x	as long as short
Hyperliquid NEAR	+0.0728%	1h	4.4867	−0.009%	$369.3M	$307.7M	10x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4970	+0.221%	$228K	$1.6M	10x	as long as short
Lighter NEAR	+0.0968%	1h	4.4980	+0.242%	$17.6M	$24.7M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0997%	1h	4.4952	+0.181%	$2.0M	$12.3M	25x	as long as short
Phoenix NEAR	+0.1003%	1h	4.5001	+0.290%	$1.9M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1056%	1h	4.4984	+0.252%	$1.5M	$6.6M	10x	as long as short
Aftermath Perps NEARUSD	+0.1180%	1h	4.4504	−0.818%	$6K	$12K	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4893	+0.048%	$414K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4875	+0.010%	$684K	$1.4M	10x	as long as short