Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: Gate against Variational Omni−0.025%7-day average −0.024% · you buy dearer than you sell

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

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.010%+$1 on $10k

Price spread, last 7 days+0.039%+$4 · spread now −0.025%, 7d avg −0.024%

Together, before fees+0.048%+ Points / potential airdropVariational Omni: Active · farm board+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NEAR	4.3708	0.0100	pay 0.0100% / 8h	7h 35m	$9.0M	$18.1M	—
Short	Gate NEAR_USDT	4.3697	0.0100	get 0.0100% / 8h	7h 35m	$36.5M	$62.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Variational Omni. 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 Variational OmnibpFee GatebpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → −0.024%: −$0.05
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$15.05
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Gate: live order book, 3 min ago. 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 Variational Omni RFQ quote, 3 min ago	3.86 bp	doesn't fit	6.0 bp −$60	25.4 bp −$2,538	doesn't fit
Sell Gate live order book, 3 min ago	1.95 bp	19.5 bp −$19	24.6 bp −$246	42.6 bp −$4,259	60.5 bp −$30.3K

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
Kraken Futures PF_NEARUSD	−0.0432%	1h	4.3698	−0.023%	$7.2M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3704	−0.009%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3700	−0.019%	$107K	$66K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3688	−0.046%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.257%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3690	−0.041%	$119K	$504K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3698	−0.023%	$2.7M	$4.8M	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3701	−0.016%	$220.2M	$427.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3690	−0.041%	$61.7M	$295.4M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3720	+0.028%	$221K	$1.5M	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	4.3697	−0.025%	$36.5M	$62.1M	75x
KuCoin NEARUSDTM	+0.0100%	8h	4.3730	+0.051%	$52.6M	$45.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3694	−0.032%	$72.1M	$127.8M	75x	as long as short
Variational Omni NEARlong	+0.0100%	8h	4.3708	long leg	$9.0M	$18.1M	—
edgeX NEARUSDC	+0.0100%	4h	4.3747	+0.090%	$254K	$893K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3650	−0.132%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3740	+0.074%	$165K	$826K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3686	−0.050%	$273K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3723	+0.035%	$56K	$239K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3770	+0.142%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3715	+0.016%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3710	+0.005%	$3.5M	$8.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3708	+0.001%	$252K	$3K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3712	+0.009%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3688	−0.044%	$3.6M	$15.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3720	+0.028%	$203K	$40K	3x	as long as short
Binance NEARUSDT	+0.0106%	8h	4.3715	+0.017%	$263.9M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0107%	8h	4.3710	+0.005%	$90.7M	$157.2M	200x	as long as short
BingX NEAR-USDC	+0.0122%	8h	4.3700	−0.018%	—	$6.7M	—	as long as short
Kalshi KXNEARPERP	+0.0146%	8h	4.3706	−0.004%	$866K	$25.5M	2.2x	as long as short
Hyperliquid NEAR	+0.0227%	1h	4.3762	+0.124%	$353.6M	$316.3M	10x	as long as short
BloFin NEAR-USDT	+0.0228%	8h	4.3750	+0.097%	$12.5M	$32.4M	75x	as long as short
Nado NEAR-PERP	+0.0276%	1h	4.3690	−0.041%	$1.7M	$3.2M	10x	as long as short
01 Exchange NEARUSD	+0.0320%	1h	4.3724	+0.037%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0255%	1h	4.3695	−0.029%	$257K	—	100x	as long as short
HTX NEAR-USDT	+0.0385%	8h	4.3800	+0.211%	$463K	$3.7M	75x	as long as short
Lighter RH NEAR	+0.0448%	1h	4.3767	+0.135%	$1.5M	$6.4M	10x	as long as short
Lighter NEAR	+0.0472%	1h	4.3753	+0.104%	$17.3M	$23.9M	15x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3719	+0.026%	$2.3M	$17.2M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0521%	1h	4.3737	+0.067%	$1.1M	$7.1M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.3707	−0.003%	$592K	$1.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0688%	1h	4.3743	+0.081%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.0701%	1h	4.3699	−0.020%	$412K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.3762	+0.124%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1054%	1h	4.3779	+0.163%	$5K	$7K	10x	as long as short