Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0122%/8h= −13.4% APRpaid last 24h +0.052%

Price spread now: GMX against Aster−0.028%7-day average −0.061% · you buy dearer than you sell

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.236%+$24 on $10k

Price spread, last 4 days (all we have)+0.135%+$14 · spread now −0.028%, 7d avg −0.061%

Together, before fees+0.371%+ Points / potential airdropAster: Stage 5 · farm board+$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GMX is 0.033% dearer against Aster than usual: you sell high and buy low (spread −0.028% now, against its 7-day average of −0.061%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 22 hours. Mind the row above: over the last 3 days funding on this pair paid +0.236%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NEARUSDT	4.3800	0.0313	pay 0.0313% / 8h	3h 57m	$2.9M	$5.5M	50x
Short	GMX NEAR/USD [ETH-USDC]	4.3788	L +0.0320% / S −0.0191%	get 0.0024% / 1h	57m 58s	$233K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$25.7
Price spread: −0.028% → −0.061%: $3.34
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$42.36
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 6 min ago; GMX: 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 Aster live order book, 6 min ago	1.14 bp	13.1 bp −$13	24.4 bp −$244	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	4.3788	−0.027%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3837	+0.085%	$108K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3928	+0.292%	$623K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3789	−0.025%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.457%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3800	0.000%	$2.2M	$15.6M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3840	+0.091%	$113K	$504K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3800	0.000%	$270.4M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3747	−0.121%	$220.7M	$422.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3760	−0.091%	$62.6M	$293.4M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk NEAR-USD	+0.0100%	1h	4.3879	+0.179%	$250K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3771	−0.066%	$31.9M	$60.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3810	+0.023%	$76.1M	$142.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3830	+0.068%	$54.6M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3758	−0.096%	$71.9M	$129.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3760	−0.091%	—	$146.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3907	+0.245%	$8.5M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3951	+0.345%	$264K	$966K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3988	+0.430%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3990	+0.434%	$169K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3846	+0.105%	$244K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3817	+0.039%	$56K	$244K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3940	+0.320%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3880	+0.183%	$454K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3840	+0.091%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3835	+0.080%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3818	+0.042%	$204K	$40K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3910	+0.251%	$13.8M	$32.5M	75x	as long as short
SoDEX NEAR-USD	+0.0249%	1h	4.3780	−0.046%	$8K	$52K	10x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3879	+0.181%	$417K	$1.2M	10x	as long as short
Aster NEARUSDTlong	+0.0313%	8h	4.3800	long leg	$2.9M	$5.5M	50x
GMX NEAR/USD [ETH-USDC]short	L +0.0320% / S −0.0191%	1h	4.3788	−0.028%	$233K	—	100x
Hyperliquid NEAR	+0.0542%	1h	4.3847	+0.107%	$361.2M	$320.3M	10x	as long as short
01 Exchange NEARUSD	+0.0576%	1h	4.3899	+0.226%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0588%	1h	4.3817	+0.039%	$1.3M	$6.3M	20x	as long as short
Extended NEAR-USD	+0.0592%	1h	4.3779	−0.047%	$3.9M	$19.6M	25x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0595%	1h	4.3804	+0.009%	$2.0M	$7.4M	25x	as long as short
Nado NEAR-PERP	+0.0617%	1h	4.3821	+0.049%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3890	+0.205%	$216K	$1.7M	10x	as long as short
Lighter RH NEAR	+0.0672%	1h	4.3856	+0.128%	$1.6M	$7.0M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0704%	1h	4.3794	−0.014%	$7.8M	$39.8M	50x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4008	+0.475%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3890	+0.206%	$603K	$1.4M	10x	as long as short
Lighter NEAR	+0.1368%	1h	4.3872	+0.165%	$17.7M	$24.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1620%	1h	4.3890	+0.205%	$5K	$12K	10x	as long as short