Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against edgeX+0.205%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$276as in the Price arb table

costs, in and out, $10k−$2972.972% of the position

Long on edgeX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.092%−$9 on $10k

Price spread, last 3 days (all we have)−0.289%−$29 · spread now +0.205%, 7d avg −0.002%

Together, before fees−0.380%+ Points / potential airdropedgeX: Active · farm board−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.207% dearer against edgeX than usual: you sell high and buy low (spread +0.205% now, against its 7-day average of −0.002%): +$21 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.3320	0.0100	pay 0.0050% / 4h	2h 45m	$260K	$1.0M	20x
Short	gTrade (Gains Network) NEAR/USD	4.3409	L +0.0004% / S −0.0004%	get 0.0001% / 1h	45m 06s	$201K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against edgeX. 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 edgeXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.205%Rate

Funding earned: −$20.12
Price spread: +0.205% → −0.002%: $20.71
Slippage, 4 orders: −$278.18
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$296.59
Costs to cover: 2.972%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 24 min ago.

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 edgeX live order book, 4 min ago	6.92 bp	12.9 bp −$13	71.3 bp −$713	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 24 min ago	130.01 bp	137.7 bp −$138	1007.8 bp −$10.1K	doesn't fit	doesn't fit

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	4.3350	+0.069%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3415	+0.220%	$2.2M	$13.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3451	+0.304%	$108K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3475	+0.359%	$521K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USDshort	L +0.0004% / S −0.0004%	1h	4.3409	+0.205%	$201K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.408%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0040%	8h	4.3438	+0.274%	$8.2M	$19.1M	—	as long as short
Phemex NEARUSDT	+0.0089%	8h	4.3340	+0.047%	$3.8M	$8.3M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3420	+0.232%	$116K	$477K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3430	+0.255%	$58K	$161K	20x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.3485	+0.381%	$411K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3401	+0.187%	$259.8M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3200	−0.276%	$219.7M	$419.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3210	−0.253%	$61.4M	$279.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3500	+0.416%	$206K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3300	−0.045%	$247K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3375	+0.128%	$31.2M	$60.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3390	+0.162%	$76.9M	$137.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3380	+0.139%	$55.8M	$42.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3382	+0.144%	$71.9M	$123.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3390	+0.162%	—	$142.6M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.3320	long leg	$260K	$1.0M	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3229	−0.209%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3310	−0.022%	$179K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3434	+0.264%	$206K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3480	+0.370%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3395	+0.174%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3460	+0.324%	$442K	$3.9M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3454	+0.310%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0103%	8h	4.3415	+0.219%	$3.0M	$5.8M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3382	+0.144%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3420	+0.231%	$202K	$34K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0218%	1h	4.3396	+0.176%	$7.7M	$39.6M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3220	−0.230%	$13.2M	$27.6M	75x	as long as short
Nado NEAR-PERP	+0.0334%	1h	4.3356	+0.084%	$1.9M	$3.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0359% / S −0.0277%	1h	4.3391	+0.165%	$260K	—	100x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.3479	+0.368%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3463	+0.330%	$541K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3533	+0.492%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0760%	1h	4.3423	+0.238%	$1.6M	$6.9M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0764%	1h	4.3440	+0.278%	$1.9M	$4.1M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0849%	1h	4.3435	+0.266%	$1.3M	$6.0M	20x	as long as short
Hyperliquid NEAR	+0.0871%	1h	4.3466	+0.338%	$368.5M	$303.4M	10x	as long as short
Lighter NEAR	+0.1432%	1h	4.3482	+0.375%	$17.3M	$24.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1437%	1h	4.3308	−0.027%	$5K	$12K	10x	as long as short