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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0235%/8h= +25.7% APRnext payment +$0.29 per $10,000 · paid last 24h +0.082%
Price spread now: GMX against dYdX+0.388%7-day average +0.010% · 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)+0.359%+$36 on $10k
Price spread, last 4 days (all we have)+0.614%+$61 · spread now +0.388%, 7d avg +0.010%
Together, before fees+0.973%+$97 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and GMX is 0.379% dearer against dYdX than usual: you sell high and buy low: +$38 more if the spread goes back to its 7-day average of +0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX NEAR-USD4.46820get 0.0000% / 1h54m 39s$109K$53K10x
ShortGMX NEAR/USD [ETH-USDC]4.4856L +0.0341% / S −0.0235%get 0.0029% / 1h54m 39s$258K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against dYdX. 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
$49.33
Price spread: +0.388% → +0.010%
$37.87
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$65.2
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: dYdX: live order book, 39 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 dYdX live order book, 39 min ago50.42 bp55.4 bp −$5569.4 bp −$694172.8 bp −$17.3K588.2 bp −$294.1K
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
Reya NEARRUSDPERP−0.0171%1h4.4851+0.377%$2K20xas long as short
Kraken Futures PF_NEARUSD−0.0141%1h4.4764+0.184%$7.3M$38.6M50xas long as short
dYdX NEAR-USDlong0.0000%1h4.4682long leg$109K$53K10x
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.5437+1.690%$170K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.323%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4740+0.130%$119K$517K50xas long as short
Hyperliquid NEAR+0.0100%1h4.4789+0.239%$362.5M$322.4M10xas long as short
Aster NEARUSDT+0.0100%8h4.4732+0.112%$2.6M$4.7M50xas long as short
Binance NEARUSDT+0.0100%8h4.4732+0.112%$271.8M$1.10B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4684+0.004%$232.1M$436.1M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4700+0.040%$63.7M$306.7M50xas long as short
Arcus NEAR-USD+0.0100%1h4.4800+0.264%$231K$1.4M10xas long as short
Bulk NEAR-USD+0.0100%1h4.5308+1.400%$261K$3K10xas long as short
Gate NEAR_USDT+0.0100%8h4.4720+0.085%$38.4M$61.4M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4680−0.005%$79.4M$163.1M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4760+0.174%$53.2M$45.7M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4736+0.121%$73.8M$128.7M75xas long as short
BingX NEAR-USDC+0.0100%8h4.4760+0.174%$6.7Mas long as short
Variational Omni NEAR+0.0100%8h4.5146+1.039%$9.4M$17.7Mas long as short
edgeX NEARUSDC+0.0100%4h4.5342+1.477%$268K$881K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.5350+1.495%$1.5M$1.6M10xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4903+0.494%$279K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4848+0.371%$58K$269K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4870+0.421%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4825+0.320%$5K$44K10xas long as short
Phemex NEARUSDT+0.0100%8h4.4850+0.376%$3.4M$8.0M50xas long as short
Extended NEAR-USD+0.0104%1h4.4716+0.077%$3.8M$15.0M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.4826+0.322%$208K$38K3xas long as short
Paradex NEAR-USD-PERP+0.0108%8h4.4723+0.091%$32K$41310xas long as short
Kalshi KXNEARPERP+0.0123%8h4.4881+0.445%$775K$25.6M2.2xas long as short
HTX NEAR-USDT+0.0129%8h4.4950+0.600%$476K$3.8M75xas long as short
01 Exchange NEARUSD+0.0160%1h4.4742+0.134%$13K$5K10xas long as short
BloFin NEAR-USDT+0.0220%8h4.4900+0.488%$12.8M$33.0M75xas long as short
Lighter NEAR+0.0288%1h4.4747+0.146%$17.6M$23.4M15xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0330%1h4.4819+0.306%$1.9M$13.1M25xas long as short
GMX NEAR/USD [ETH-USDC]shortL +0.0341% / S −0.0235%1h4.4856+0.388%$258K100x
Coinbase International NEAR-PERP-INTX+0.0520%1h4.4846+0.367%$2.3M$17.9M50xas long as short
Lighter RH NEAR+0.0528%1h4.4744+0.139%$1.5M$6.0M10xas long as short
RISEx NEAR/USDC+0.0569%1h4.4749+0.151%$635K$1.6M10xas long as short
Backpack NEAR_USDC_PERP+0.0685%1h4.4796+0.255%$1.1M$7.1M20xas long as short
Phoenix NEAR+0.0740%1h4.5188+1.132%$1.7M$2.5M10xas long as short
Nado NEAR-PERP+0.0746%1h4.4860+0.398%$1.7M$3.2M10xas long as short
Pacifica NEAR+0.0883%1h4.4726+0.098%$422K$1.4M10xas long as short
ApeX Omni NEARUSDT+0.0995%1h4.5320+1.428%$169K$827K50xas long as short
Aftermath Perps NEARUSD+0.1262%1h4.5235+1.238%$6K$7K10xas long as short