Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0142%/8h= +15.6% APRpaid last 24h +0.053%

Price spread now: GMX against edgeX−0.215%7-day average −0.014% · you buy dearer than you sell

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

Long on edgeX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.258%+$26 on $10k

Price spread, last 4 days (all we have)+0.372%+$37 · spread now −0.215%, 7d avg −0.014%

Together, before fees+0.630%+ Points / potential airdropedgeX: Active · farm board+$63 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.201% cheaper against edgeX than usual: you would sell low and buy high (spread −0.215% now, against its 7-day average of −0.014%). If the spread goes back, that is −$20 on $10k: about 4.7 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.5430	0.0100	pay 0.0050% / 4h	3h 01m	$268K	$900K	20x
Short	GMX NEAR/USD [ETH-USDC]	4.5333	L +0.0347% / S −0.0242%	get 0.0030% / 1h	1m 18s	$265K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.215%Rate

Funding earned: $29.85
Price spread: −0.215% → −0.014%: −$20.07
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$11.22
Costs to cover: 0.210%
Break-even: 9.6 days

Slippage unknown: edgeX: live order book, 22 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 edgeX live order book, 22 min ago	6.78 bp	11.9 bp −$12	30.2 bp −$302	doesn't fit	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	−0.0417%	1h	4.5330	−0.221%	$7.5M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.5327	−0.228%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5518	+0.193%	$111K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5468	+0.083%	$171K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.849%	$578	$301K	12x	as long as short
Phemex NEARUSDT	+0.0061%	8h	4.5340	−0.198%	$3.5M	$8.0M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5440	+0.022%	$119K	$516K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5390	−0.088%	$2.7M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5380	−0.110%	$275.4M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5340	−0.198%	$236.4M	$435.4M	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	4.5310	−0.264%	$64.5M	$309.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.5480	+0.110%	$237K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5050	−0.837%	$260K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5331	−0.218%	$38.9M	$64.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5360	−0.154%	$84.2M	$167.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5400	−0.066%	$53.8M	$45.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5304	−0.278%	$74.8M	$127.5M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.5360	−0.154%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5318	−0.248%	$9.4M	$17.8M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.5430	long leg	$268K	$900K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5537	+0.235%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5480	+0.110%	$171K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5412	−0.040%	$283K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5337	−0.205%	$59K	$265K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5450	+0.044%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5345	−0.187%	$5K	$49K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5327	−0.227%	$3.8M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5360	−0.154%	$211K	$38K	3x	as long as short
Paradex NEAR-USD-PERP	+0.0108%	8h	4.5450	+0.044%	$33K	$413	10x	as long as short
Kalshi KXNEARPERP	+0.0128%	8h	4.5630	+0.440%	$913K	$25.5M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5690	+0.572%	$12.9M	$33.6M	75x	as long as short
Nado NEAR-PERP	+0.0226%	1h	4.5385	−0.099%	$1.7M	$3.2M	10x	as long as short
HTX NEAR-USDT	+0.0343%	8h	4.5550	+0.264%	$482K	$3.8M	75x	as long as short
GMX NEAR/USD [ETH-USDC]short	L +0.0347% / S −0.0242%	1h	4.5333	−0.215%	$265K	—	100x
01 Exchange NEARUSD	+0.0392%	1h	4.5448	+0.039%	$13K	$5K	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.5417	−0.029%	$2.4M	$17.9M	50x	as long as short
Hyperliquid NEAR	+0.0491%	1h	4.5386	−0.097%	$369.0M	$320.2M	10x	as long as short
Lighter RH NEAR	+0.0560%	1h	4.5513	+0.182%	$1.6M	$6.6M	10x	as long as short
Lighter NEAR	+0.0568%	1h	4.5544	+0.252%	$17.9M	$24.3M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.0651%	1h	4.5529	+0.218%	$1.1M	$7.2M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.5686	+0.563%	$649K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.5480	+0.110%	$429K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.5702	+0.598%	$1.7M	$2.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0831%	1h	4.5364	−0.146%	$2.0M	$13.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1258%	1h	4.5342	−0.193%	$6K	$7K	10x	as long as short