Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0853%/8h= +93.4% APRpaid last 24h +0.095%

Price spread now: HTX against gTrade (Gains Network)+0.206%7-day average +0.248% · 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−$312as in the Price arb table

costs, in and out, $10k−$3083.076% of the position

Long on gTrade (Gains Network)Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.398%+$40 on $10k

Price spread, last 3 days (all we have)+0.058%+$6 · spread now +0.206%, 7d avg +0.248%

Together, before fees+0.456%+$46 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.042% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.206% now, against its 7-day average of +0.248%). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$26 a day). At the pace of the last 3 days (+0.398% in total) that is about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) NEAR/USD	4.2792	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	40m 15s	$203K	—	150x
Short	HTX NEAR-USDT	4.2880	0.0857	get 0.0857% / 8h	40m 15s	$459K	$3.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.206%Rate

Funding earned: $179.06
Price spread: +0.206% → +0.248%: −$4.21
Slippage, 4 orders: −$285.64
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$132.79
Costs to cover: 3.076%
Break-even: 12.2 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 39 min ago; HTX: live order book, 4 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), 39 min ago	130.01 bp	135.0 bp −$135	875.9 bp −$8,759	9405.4 bp −$940.5K	doesn't fit
Sell HTX live order book, 4 min ago	9.36 bp	18.1 bp −$18	60.6 bp −$606	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	4.2775	−0.039%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2695	−0.226%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2677	−0.269%	$111K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2680	−0.261%	$401K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USDlong	L +0.0004% / S −0.0004%	1h	4.2792	long leg	$203K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.229%	$578	$302K	12x	as long as short
Bybit NEARUSDT	+0.0083%	8h	4.2760	−0.074%	$219.2M	$422.0M	75x	as long as short
Variational Omni NEAR	+0.0087%	8h	4.2660	−0.309%	$7.8M	$18.2M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2800	+0.019%	$109K	$496K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2721	−0.166%	$31K	$647	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.2822	+0.070%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2702	−0.210%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2792	+0.002%	$253.5M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2770	−0.051%	$61.0M	$285.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2750	−0.097%	$202K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2674	−0.275%	$243K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2781	−0.025%	$30.1M	$59.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2780	−0.027%	$78.4M	$141.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2830	+0.090%	$56.0M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2769	−0.053%	$71.0M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2770	−0.051%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2703	−0.207%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2680	−0.261%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2710	−0.191%	$178K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2831	+0.092%	$199K	$3.4M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2787	−0.011%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2830	+0.090%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2760	−0.074%	$13K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2780	−0.027%	$3.9M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2760	−0.075%	$3.9M	$15.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2777	−0.035%	$206K	$62K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.2788	−0.009%	$7.6M	$37.1M	50x	as long as short
01 Exchange NEARUSD	+0.0152%	1h	4.2809	+0.040%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2700	−0.214%	$13.0M	$30.7M	75x	as long as short
Lighter RH NEAR	+0.0368%	1h	4.2731	−0.142%	$1.5M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0313%	1h	4.2792	+0.001%	$274K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2820	+0.065%	$413K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0426%	1h	4.2731	−0.142%	$1.3M	$5.5M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2717	−0.175%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0498%	1h	4.2822	+0.071%	$1.9M	$2.3M	25x	as long as short
Nado NEAR-PERP	+0.0766%	1h	4.2765	−0.062%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDTshort	+0.0857%	8h	4.2880	+0.206%	$459K	$3.7M	75x
Hyperliquid NEAR	+0.0997%	1h	4.2878	+0.203%	$368.4M	$299.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1191%	1h	4.2806	+0.033%	$5K	$11K	10x	as long as short
Lighter NEAR	+0.1800%	1h	4.2878	+0.202%	$16.5M	$23.7M	15x	as long as short