Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0145%/8h= +15.8% APRpaid last 24h +0.060%

Price spread now: GMX against BingX−0.022%7-day average — · you buy dearer than you sell

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

Long on BingX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.022% cheaper against BingX than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 12 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NEAR-USDC	4.3960	0.0100	pay 0.0100% / 8h	5h 37m	—	$6.6M	—
Short	GMX NEAR/USD [ETH-USDC]	4.3950	L +0.0350% / S −0.0245%	get 0.0031% / 1h	37m 15s	$258K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $30.35
Price spread: −0.022% → 0.000%: −$2.24
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $6.11
Costs to cover: 0.220%
Break-even: 5.6 days

Slippage unknown: BingX: live order book, 14 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 BingX live order book, 14 min ago	1.14 bp	14.0 bp −$14	30.2 bp −$302	70.4 bp −$7,044	385.0 bp −$192.5K
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	4.3941	−0.043%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4050	+0.205%	$2.2M	$14.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3921	−0.089%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3858	−0.232%	$588K	$19.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3958	−0.004%	$199K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.801%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3980	+0.045%	$115K	$488K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3943	−0.038%	$415K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3990	+0.068%	$267.7M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3961	+0.002%	$221.9M	$417.5M	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	4.3940	−0.045%	$62.6M	$290.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3650	−0.705%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3942	−0.041%	$31.6M	$62.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3980	+0.045%	$76.0M	$141.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3990	+0.068%	$55.5M	$44.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4022	+0.141%	$72.5M	$126.3M	75x	as long as short
BingX NEAR-USDClong	+0.0100%	8h	4.3960	long leg	—	$6.6M	—
Variational Omni NEAR	+0.0100%	8h	4.4286	+0.742%	$8.6M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4253	+0.666%	$265K	$986K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3800	−0.364%	$1.5M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3991	+0.071%	$236K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3957	−0.007%	$60K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4030	+0.159%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4047	+0.198%	$5K	$50K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4160	+0.455%	$456K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4100	+0.318%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3956	−0.008%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4030	+0.160%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3980	+0.045%	$205K	$34K	3x	as long as short
ApeX Omni NEARUSDT	+0.0198%	1h	4.3790	−0.387%	$199K	$779K	50x	as long as short
Aster NEARUSDT	+0.0214%	8h	4.3992	+0.072%	$3.0M	$5.5M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3840	−0.273%	$13.5M	$31.0M	75x	as long as short
GMX NEAR/USD [ETH-USDC]short	L +0.0350% / S −0.0245%	1h	4.3950	−0.022%	$258K	—	100x
01 Exchange NEARUSD	+0.0408%	1h	4.3983	+0.052%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3990	+0.068%	$209K	$1.7M	10x	as long as short
Nado NEAR-PERP	+0.0420%	1h	4.3938	−0.049%	$1.9M	$3.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0614%	1h	4.4004	+0.100%	$1.9M	$4.4M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0661%	1h	4.3911	−0.111%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0699%	1h	4.4076	+0.264%	$8.2M	$41.0M	50x	as long as short
Hyperliquid NEAR	+0.0786%	1h	4.4024	+0.146%	$370.6M	$303.8M	10x	as long as short
Lighter RH NEAR	+0.0800%	1h	4.3998	+0.086%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4223	+0.598%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3986	+0.060%	$558K	$1.3M	10x	as long as short
Lighter NEAR	+0.1448%	1h	4.4013	+0.121%	$17.6M	$25.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1747%	1h	4.3985	+0.056%	$6K	$12K	10x	as long as short