Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0159%/8h= +17.5% APRpaid last 24h +0.053%

Price spread now: GMX against Bitget+0.031%7-day average +0.021% · you sell dearer than you buy

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

Long on Bitget Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.253%+$25 on $10k

Price spread, last 4 days (all we have)+0.927%+$93 · spread now +0.031%, 7d avg +0.021%

Together, before fees+1.180%+$118 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.4677	0.0100	pay 0.0100% / 8h	7h 18m	$73.7M	$127.1M	75x
Short	GMX NEAR/USD [ETH-USDC]	4.4691	L +0.0358% / S −0.0259%	get 0.0032% / 1h	18m 12s	$262K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now +0.031%Rate

Funding earned: $33.49
Price spread: +0.031% → +0.021%: $0.95
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $10.44
Costs to cover: 0.240%
Break-even: 4.8 days

Slippage unknown: Bitget: 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 Bitget live order book, 11 min ago	1.26 bp	9.5 bp −$9	14.2 bp −$142	34.0 bp −$3,403	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
Kraken Futures PF_NEARUSD	−0.0422%	1h	4.4703	+0.059%	$7.4M	$38.6M	50x	as long as short
Phemex NEARUSDT	−0.0222%	8h	4.4700	+0.051%	$3.6M	$7.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4700	+0.051%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4714	+0.082%	$109K	$65K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4693	+0.036%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.312%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4690	+0.029%	$113K	$504K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4724	+0.104%	$2.8M	$4.6M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4720	+0.096%	$269.5M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4696	+0.043%	$226.1M	$426.2M	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	4.4660	−0.038%	$62.9M	$300.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4800	+0.275%	$227K	$1.4M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4668	−0.020%	$37.8M	$62.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4700	+0.051%	$88.7M	$161.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4720	+0.096%	$53.4M	$45.3M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.4677	long leg	$73.7M	$127.1M	75x
BingX NEAR-USDC	+0.0100%	8h	4.4690	+0.029%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4199	−1.071%	$9.2M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4233	−0.993%	$256K	$894K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4279	−0.890%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4220	−1.023%	$166K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4640	−0.083%	$279K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4725	+0.107%	$58K	$238K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4790	+0.253%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4705	+0.063%	$5K	$49K	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4787	+0.246%	$258K	$3K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4742	+0.145%	$32K	$413	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4699	+0.050%	$3.7M	$15.2M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4722	+0.101%	$208K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0136%	8h	4.4706	+0.065%	$896K	$25.3M	2.2x	as long as short
Nado NEAR-PERP	+0.0199%	1h	4.4655	−0.049%	$1.7M	$3.2M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4600	−0.172%	$12.7M	$32.9M	75x	as long as short
Hyperliquid NEAR	+0.0317%	1h	4.4748	+0.159%	$364.1M	$317.3M	10x	as long as short
01 Exchange NEARUSD	+0.0328%	1h	4.4787	+0.246%	$13K	$6K	10x	as long as short
GMX NEAR/USD [ETH-USDC]short	L +0.0358% / S −0.0259%	1h	4.4691	+0.031%	$262K	—	100x
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.4750	+0.163%	$2.3M	$17.6M	50x	as long as short
Lighter NEAR	+0.0488%	1h	4.4763	+0.192%	$17.6M	$24.0M	15x	as long as short
Lighter RH NEAR	+0.0488%	1h	4.4772	+0.213%	$1.6M	$6.5M	10x	as long as short
HTX NEAR-USDT	+0.0509%	8h	4.4810	+0.298%	$474K	$3.7M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0572%	1h	4.4716	+0.087%	$1.1M	$7.1M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.4783	+0.238%	$605K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.4730	+0.119%	$421K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.4334	−0.768%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1049%	1h	4.4345	−0.743%	$6K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1763%	1h	4.4799	+0.273%	$2.0M	$13.1M	25x	as long as short