Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0145%/8h= +15.9% APRpaid last 24h +0.060%

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

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

Long on Binance Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.247%+$25 on $10k

Price spread, last 4 days (all we have)+0.991%+$99 · spread now +0.036%, 7d avg −0.016%

Together, before fees+1.238%+$124 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.052% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.4446	0.0100	pay 0.0100% / 8h	5h 33m	$269.4M	$1.08B	75x
Short	GMX NEAR/USD [ETH-USDC]	4.4462	L +0.0352% / S −0.0245%	get 0.0031% / 1h	33m 21s	$261K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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 BinancebpFee GMXbpOrdersPrice spread, now +0.036%Rate

Funding earned: $30.5
Price spread: +0.036% → −0.016%: $5.24
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $13.74
Costs to cover: 0.220%
Break-even: 3.8 days

Slippage unknown: Binance: live order book, 11 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 Binance live order book, 11 min ago	1.14 bp	7.5 bp −$8	14.4 bp −$144	34.0 bp −$3,399	98.9 bp −$49.4K
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	4.4374	−0.161%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4482	+0.081%	$2.2M	$14.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4384	−0.139%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4474	+0.063%	$656K	$19.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4478	+0.072%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.831%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4490	+0.099%	$116K	$488K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4420	−0.059%	$419K	$1.2M	10x	as long as short
Binance NEARUSDTlong	+0.0100%	8h	4.4446	long leg	$269.4M	$1.08B	75x
Bybit NEARUSDT	+0.0100%	8h	4.4509	+0.142%	$224.2M	$418.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4480	+0.076%	$63.4M	$294.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	−0.057%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4391	−0.124%	$32.1M	$62.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4460	+0.031%	$77.3M	$142.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4410	−0.081%	$55.9M	$44.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4493	+0.106%	$73.3M	$126.8M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4490	+0.099%	—	$144.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4296	−0.337%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4438	−0.019%	$266K	$988K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4485	+0.087%	$1.5M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4517	+0.160%	$212K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4509	+0.142%	$61K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4540	+0.211%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4472	+0.058%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4580	+0.301%	$464K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4450	+0.009%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4416	−0.068%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4414	−0.071%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4533	+0.196%	$207K	$34K	3x	as long as short
ApeX Omni NEARUSDT	+0.0186%	1h	4.4450	+0.009%	$172K	$793K	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4560	+0.256%	$13.8M	$31.6M	75x	as long as short
Aster NEARUSDT	+0.0238%	8h	4.4448	+0.004%	$3.0M	$5.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]short	L +0.0352% / S −0.0245%	1h	4.4462	+0.036%	$261K	—	100x
Nado NEAR-PERP	+0.0384%	1h	4.4399	−0.106%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.4514	+0.153%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4500	+0.121%	$212K	$1.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0492%	1h	4.4486	+0.090%	$2.0M	$4.4M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0687%	1h	4.4521	+0.169%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0692%	1h	4.4490	+0.100%	$8.3M	$41.0M	50x	as long as short
Hyperliquid NEAR	+0.0808%	1h	4.4433	−0.029%	$373.6M	$305.7M	10x	as long as short
Lighter RH NEAR	+0.0848%	1h	4.4449	+0.007%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4143	−0.682%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4494	+0.108%	$563K	$1.3M	10x	as long as short
Lighter NEAR	+0.1448%	1h	4.4475	+0.065%	$17.8M	$25.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1691%	1h	4.4218	−0.513%	$6K	$12K	10x	as long as short