Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.009%

Price spread now: GRVT against gTrade (Gains Network)−0.671%68s7-day average −0.054% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2932.926% of the position

Long on gTrade (Gains Network)Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.076%+$8 on $10k

Price spread, last 3 days (all we have)+0.734%+$73 · spread now −0.671%, 7d avg −0.054%

Together, before fees+0.810%+ Points / potential airdropGRVT: Active · farm board+$81 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.617% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.671% now, against its 7-day average of −0.054%). If the spread goes back, that is −$62 on $10k: about 21 days of funding at the current rate (+$3 a day). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) NEAR/USD	4.2432	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	31m 43s	$202K	—	150x
Short	GRVT NEAR_USDT_Perp	4.2147	0.0100	get 0.0100% / 8h	7h 31m	$1.4M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee GRVTbpOrdersPrice spread, now −0.671%Rate

Funding earned: $20.11
Price spread: −0.671% → −0.054%: −$61.69
Slippage, 4 orders: −$273.58
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$334.16
Costs to cover: 2.926%
Break-even: 123.3 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 42 min ago; GRVT: live order book, 1 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 gTrade (Gains Network) virtual book (oracle venue), 42 min ago	130.01 bp	135.0 bp −$135	875.9 bp −$8,759	9405.5 bp −$940.5K	doesn't fit
Sell GRVT live order book, 1 min ago	2.36 bp	9.7 bp −$10	37.2 bp −$372	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	4.2417	−0.034%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0133%	1h	4.2452	+0.047%	$7.2M	$37.4M	50x	as long as short
Bybit NEARUSDT	−0.0106%	8h	4.2564	+0.311%	$215.0M	$415.5M	75x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2418	−0.033%	$2.2M	$12.8M	50x	as long as short
Gate NEAR_USDT	−0.0074%	8h	4.2581	+0.351%	$30.5M	$59.3M	75x	as long as short
01 Exchange NEARUSD	−0.0032%	1h	4.2455	+0.054%	$12K	$7K	10x	as long as short
Variational Omni NEAR	−0.0004%	8h	4.2298	−0.315%	$7.9M	$18.8M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2627	+0.459%	$110K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2443	+0.026%	$423K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USDlong	L +0.0004% / S −0.0004%	1h	4.2432	long leg	$202K	—	150x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.408%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2450	+0.043%	$110K	$480K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2466	+0.080%	$56K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2416	−0.037%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2587	+0.365%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2442	+0.023%	$397K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2620	+0.443%	$252.6M	$1.06B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2570	+0.325%	$60.0M	$277.0M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2450	+0.043%	$194K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2709	+0.654%	$243K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2550	+0.278%	$77.3M	$140.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2580	+0.349%	$55.9M	$42.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2614	+0.429%	$70.6M	$124.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2580	+0.349%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2143	−0.682%	$261K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perpshort	+0.0100%	8h	4.2147	−0.671%	$1.4M	$1.3M	10x
ApeX Omni NEARUSDT	+0.0100%	1h	4.2520	+0.208%	$178K	$788K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2439	+0.017%	$203K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2490	+0.137%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2449	+0.040%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2530	+0.231%	$456K	$3.6M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2450	+0.043%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2536	+0.246%	$3.8M	$16.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2440	+0.019%	$198K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0154%	1h	4.2661	+0.540%	$357.4M	$304.1M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2320	−0.264%	$13.0M	$28.0M	75x	as long as short
Lighter RH NEAR	+0.0344%	1h	4.2684	+0.594%	$1.6M	$6.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0308%	1h	4.2435	+0.007%	$271K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0388%	1h	4.2487	+0.130%	$1.4M	$5.7M	20x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2461	+0.068%	$402K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0493%	1h	4.2411	−0.048%	$1.8M	$3.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2201	−0.544%	$1.7M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0527%	1h	4.2483	+0.120%	$1.9M	$3.3M	25x	as long as short
Aftermath Perps NEARUSD	+0.1332%	1h	4.2489	+0.136%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1904%	1h	4.2746	+0.740%	$17.1M	$24.1M	15x	as long as short