Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.013%
Price spread now: GMX against BloFin+0.005%51s7-day average −0.019% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.117%+$12 on $10k
Price spread, last 4 days (all we have)+0.225%+$22 · spread now +0.005%, 7d avg −0.019%
Together, before fees+0.341%+$34 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GMX is 0.023% dearer against BloFin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.019%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NEAR-USDT4.36400.0223pay 0.0223% / 8h7h 33m$12.6M$32.4M75x
ShortGMX NEAR/USD [ETH-USDC]4.3642L +0.0352% / S −0.0255%get 0.0032% / 1h33m 31s$256K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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

Funding earned
$6.72
Price spread: +0.005% → −0.019%
$2.31
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee GMX: 6 bp × 2 orders
−$12
Net
−$14.96
Costs to cover
0.240%
Break-even
22.6 days
Slippage unknown: BloFin: 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 6 min ago11.45 bp17.5 bp −$1720.8 bp −$20847.4 bp −$4,740123.3 bp −$61.6K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NEARUSD−0.0432%1h4.3690+0.115%$7.2M$38.7M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.3603−0.084%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3558−0.189%$106K$65K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3699+0.135%$164K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.110%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3540−0.229%$119K$503K50xas long as short
Aster NEARUSDT+0.0100%8h4.3527−0.259%$2.7M$4.8M50xas long as short
Bybit NEARUSDT+0.0100%8h4.3524−0.266%$219.3M$427.3M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3510−0.298%$61.4M$293.8M50xas long as short
Arcus NEAR-USD+0.0100%1h4.3540−0.229%$221K$1.5M10xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0100%8h4.3546−0.215%$36.4M$62.2M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3540−0.229%$90.3M$157.6M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3550−0.206%$52.3M$45.4M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3518−0.280%$71.8M$127.6M75xas long as short
Variational Omni NEAR+0.0100%8h4.3708+0.155%$9.0M$18.1Mas long as short
edgeX NEARUSDC+0.0100%4h4.3689+0.113%$253K$895K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3640+0.001%$1.4M$1.6M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3730+0.206%$165K$826K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3535−0.241%$272K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3736+0.220%$56K$239K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3680+0.092%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3700+0.137%$5K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3680+0.092%$3.5M$8.1M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3708+0.157%$252K$3K10xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.3570−0.161%$31K$58510xas long as short
Binance NEARUSDT+0.0101%8h4.3540−0.229%$262.5M$1.08B75xas long as short
Extended NEAR-USD+0.0104%1h4.3502−0.316%$3.6M$15.6M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.3705+0.149%$203K$40K3xas long as short
BingX NEAR-USDT+0.0112%8h4.3510−0.298%$83.2Mas long as short
Kalshi KXNEARPERP+0.0144%8h4.3669+0.066%$864K$25.4M2.2xas long as short
BloFin NEAR-USDTlong+0.0223%8h4.3640long leg$12.6M$32.4M75x
Hyperliquid NEAR+0.0230%1h4.3576−0.147%$352.1M$316.3M10xas long as short
Nado NEAR-PERP+0.0280%1h4.3518−0.280%$1.6M$3.1M10xas long as short
01 Exchange NEARUSD+0.0320%1h4.3544−0.220%$13K$7K10xas long as short
GMX NEAR/USD [ETH-USDC]shortL +0.0352% / S −0.0255%1h4.3642+0.005%$256K100x
HTX NEAR-USDT+0.0409%8h4.3730+0.206%$462K$3.7M75xas long as short
Lighter NEAR+0.0448%1h4.3625−0.033%$17.2M$23.9M15xas long as short
Lighter RH NEAR+0.0464%1h4.3637−0.007%$1.5M$6.4M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3788+0.339%$2.3M$17.2M50xas long as short
Backpack NEAR_USDC_PERP+0.0519%1h4.3703+0.144%$1.1M$7.1M20xas long as short
RISEx NEAR/USDC+0.0656%1h4.3523−0.268%$590K$1.5M10xas long as short
Pacifica NEAR+0.0701%1h4.3589−0.116%$411K$1.4M10xas long as short
Phoenix NEAR+0.0740%1h4.3734+0.215%$1.8M$2.4M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0871%1h4.3749+0.250%$1.9M$13.1M25xas long as short
Aftermath Perps NEARUSD+0.1072%1h4.3715+0.171%$5K$7K10xas long as short