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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0216%/8h= +23.6% APRpaid last 24h +0.065%
Price spread now: BloFin against gTrade (Gains Network)+0.138%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$292as in the Price arb table
costs, in and out, $10k−$3053.046% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.216%+$22 on $10k
Price spread, last 4 days (all we have)−0.380%−$38 · spread now +0.138%, 7d avg +0.008%
Together, before fees−0.163%−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.130% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) NEAR/USD4.4439L +0.0004% / S −0.0006%pay 0.0001% / 1h4m 52s$166K150x
ShortBloFin NEAR-USDT4.45000.0220get 0.0220% / 8h5h 04m$14.0M$33.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against gTrade (Gains Network). 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
$45.31
Price spread: +0.138% → +0.008%
$12.98
Slippage, 4 orders
−$282.57
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$246.27
Costs to cover
3.046%
Break-even
45.0 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 59 min ago; BloFin: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 59 min ago130.01 bp135.0 bp −$135875.9 bp −$8,7599405.5 bp −$940.5Kdoesn't fit
Sell BloFin live order book, 4 min ago9.93 bp15.9 bp −$1618.7 bp −$18741.9 bp −$4,18594.4 bp −$47.2K

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%1h4.4413−0.058%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0016%1h4.4462+0.052%$2.2M$15.4M50xas long as short
dYdX NEAR-USD0.0000%1h4.4480+0.092%$110K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4580+0.318%$584K$21.8M2.2xas long as short
gTrade (Gains Network) NEAR/USDlongL +0.0004% / S −0.0006%1h4.4439long leg$166K150x
Injective NEAR/USDC PERP+0.0033%1h4.1410−6.816%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4500+0.138%$113K$513K50xas long as short
Pacifica NEAR+0.0100%1h4.4503+0.145%$425K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.4525+0.194%$273.2M$1.12B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4489+0.113%$223.0M$429.0M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4500+0.138%$63.7M$304.6M50xas long as short
Bulk NEAR-USD+0.0100%1h4.5467+2.313%$259K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4505+0.149%$32.3M$65.3M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4530+0.205%$75.6M$150.0M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4510+0.160%$55.1M$46.1M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4508+0.156%$73.3M$131.0M75xas long as short
BingX NEAR-USDC+0.0100%8h4.4500+0.138%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.4486+0.107%$8.6M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.4994+1.250%$270K$977K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.5311+1.963%$1.5M$1.4M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.5320+1.983%$174K$797K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4499+0.135%$257K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4448+0.021%$57K$237K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4530+0.205%$1K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4425−0.031%$8K$53K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4490+0.115%$461K$4.1M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4500+0.138%$3.8M$8.4M50xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.4433−0.012%$32K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.4465+0.059%$207K$40K3xas long as short
Extended NEAR-USD+0.0200%1h4.4460+0.049%$4.0M$19.4M25xas long as short
BloFin NEAR-USDTshort+0.0220%8h4.4500+0.138%$14.0M$33.4M75x
Aster NEARUSDT+0.0284%8h4.4491+0.116%$3.1M$5.5M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0352% / S −0.0235%1h4.4423−0.035%$266K100xas long as short
01 Exchange NEARUSD+0.0384%1h4.4512+0.165%$13K$7K10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0403%1h4.4459+0.045%$1.9M$4.5M25xas long as short
Arcus NEAR-USD+0.0410%1h4.4560+0.273%$215K$1.8M10xas long as short
Nado NEAR-PERP+0.0480%1h4.4450+0.025%$1.9M$3.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0536%1h4.4509+0.158%$1.4M$6.7M20xas long as short
Kraken Futures PF_NEARUSD+0.0693%1h4.4463+0.055%$8.2M$41.3M50xas long as short
Lighter RH NEAR+0.0696%1h4.4505+0.149%$1.6M$7.2M10xas long as short
Hyperliquid NEAR+0.0765%1h4.4571+0.297%$370.5M$325.6M10xas long as short
Phoenix NEAR+0.0855%1h4.5453+2.282%$1.9M$2.7M10xas long as short
RISEx NEAR/USDC+0.0924%1h4.4543+0.234%$570K$1.4M10xas long as short
Lighter NEAR+0.1120%1h4.4525+0.193%$17.9M$27.1M15xas long as short
Aftermath Perps NEARUSD+0.1651%1h4.5085+1.454%$6K$12K10xas long as short