Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Gate against Popdex+0.043%7-day average −0.033% · 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−$37as in the Price arb table

costs, in and out, $10k−$450.448% of the position

Long on Popdex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now +0.043%, 7d avg −0.033%

Together, before fees+0.022%+$2 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 0.076% dearer against Popdex than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex NEARUSDT	4.4140	0.0096	pay 0.0012% / 1h	5m 37s	$117K	$497K	50x
Short	Gate NEAR_USDT	4.4159	0.0100	get 0.0100% / 8h	2h 05m	$33.7M	$61.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Popdex. 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 PopdexbpFee GatebpOrdersPrice spread, now +0.043%Rate

Funding earned: $0.84
Price spread: +0.043% → −0.033%: $7.6
Slippage, 4 orders: −$23.38
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$36.34
Costs to cover: 0.448%
Break-even: 309.9 days

Slippage from Popdex: live order book, 43 min ago; Gate: live order book, 3 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 Popdex live order book, 43 min ago	2.33 bp	7.2 bp −$7	66.7 bp −$667	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.80 bp	14.5 bp −$15	18.7 bp −$187	36.5 bp −$3,653	53.3 bp −$26.6K

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	4.4160	+0.045%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4157	+0.038%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4179	+0.088%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.185%	$578	$301K	12x	as long as short
Popdex NEARUSDTlong	+0.0096%	1h	4.4140	long leg	$117K	$497K	50x
Bybit NEARUSDT	+0.0100%	8h	4.4176	+0.082%	$222.0M	$423.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4170	+0.068%	$62.4M	$294.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3500	−1.450%	$248K	−$0	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.4159	+0.043%	$33.7M	$61.2M	75x
KuCoin NEARUSDTM	+0.0100%	8h	4.4200	+0.136%	$53.3M	$46.0M	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	4.4162	+0.050%	$72.9M	$127.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4197	+0.130%	$8.9M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3652	−1.106%	$255K	$963K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4201	+0.138%	$284K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4225	+0.193%	$58K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4270	+0.295%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4340	+0.453%	$478K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4200	+0.136%	$3.6M	$8.3M	50x	as long as short
GRVT NEAR_USDT_Perp	+0.0102%	8h	4.3673	−1.057%	$1.4M	$1.5M	10x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4163	+0.052%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.4265	+0.283%	$206K	$40K	3x	as long as short
BingX NEAR-USDC	+0.0119%	8h	4.4170	+0.068%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0137%	8h	4.4210	+0.159%	$84.1M	$146.6M	200x	as long as short
Binance NEARUSDT	+0.0142%	8h	4.4210	+0.159%	$268.7M	$1.09B	75x	as long as short
BloFin NEAR-USDT	+0.0253%	8h	4.4130	−0.023%	$13.3M	$32.6M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.4274	+0.304%	$2.3M	$16.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0201%	1h	4.4184	+0.099%	$236K	—	100x	as long as short
Kalshi KXNEARPERP	+0.0314%	8h	4.4057	−0.188%	$1.0M	$24.7M	2.2x	as long as short
Aster NEARUSDT	+0.0342%	8h	4.4200	+0.136%	$2.9M	$5.2M	50x	as long as short
Nado NEAR-PERP	+0.0387%	1h	4.4165	+0.057%	$1.7M	$3.2M	10x	as long as short
ApeX Omni NEARUSDT	+0.0417%	1h	4.3640	−1.133%	$167K	$796K	50x	as long as short
Extended NEAR-USD	+0.0464%	1h	4.4148	+0.017%	$3.7M	$19.2M	25x	as long as short
SoDEX NEAR-USD	+0.0508%	1h	4.4205	+0.147%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0677%	1h	4.4227	+0.197%	$363.8M	$311.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0699%	1h	4.4272	+0.299%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0712%	1h	4.4198	+0.131%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0716%	1h	4.4197	+0.129%	$7.4M	$39.1M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.4190	+0.113%	$229K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.4195	+0.126%	$405K	$1.4M	10x	as long as short
Lighter NEAR	+0.0920%	1h	4.4246	+0.239%	$17.4M	$25.3M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.3931	−0.473%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1112%	1h	4.4238	+0.222%	$1.5M	$7.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.4164	+0.054%	$708K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1248%	1h	4.3733	−0.923%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.2919%	1h	4.4314	+0.394%	$2.0M	$12.0M	25x	as long as short