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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%
Price spread now: OKX against gTrade (Gains Network)+0.089%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$277as in the Price arb table
costs, in and out, $10k−$2892.892% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.086%+$9 on $10k
Price spread, last 3 days (all we have)−0.290%−$29 · spread now +0.089%, 7d avg −0.034%
Together, before fees−0.204%−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.123% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) NEAR/USD4.1313L +0.0004% / S −0.0004%pay 0.0001% / 1h49m 34s$205K150x
ShortOKX NEAR-USDT-SWAP4.13500.0100get 0.0100% / 8h1h 49m$56.5M$275.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$20.11
Price spread: +0.089% → −0.034%
$12.28
Slippage, 4 orders
−$269.17
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$256.78
Costs to cover
2.892%
Break-even
96.4 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 34 min ago; OKX: live order book, 5 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), 34 min ago130.02 bp135.0 bp −$135875.9 bp −$8,7599405.5 bp −$940.5Kdoesn't fit
Sell OKX live order book, 5 min ago1.21 bp8.0 bp −$818.3 bp −$18335.4 bp −$3,536doesn't fit

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%1h4.1334+0.050%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0032%1h4.1449+0.328%$2.1M$12.7M50xas long as short
Injective NEAR/USDC PERP−0.0002%1h4.1410+0.234%$578$302K12xas long as short
dYdX NEAR-USD0.0000%1h4.1365+0.125%$106K$56K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.1332+0.045%$433K$18.4M2.2xas long as short
gTrade (Gains Network) NEAR/USDlongL +0.0004% / S −0.0004%1h4.1313long leg$205K150x
Kraken Futures PF_NEARUSD+0.0049%1h4.1360+0.113%$7.5M$36.8M50xas long as short
01 Exchange NEARUSD+0.0064%1h4.1520+0.500%$12K$7K10xas long as short
Lighter NEAR+0.0096%1h4.1410+0.233%$15.2M$22.5M15xas long as short
Popdex NEARUSDT+0.0096%1h4.1500+0.452%$111K$493K50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_NEAR_USDC+0.0100%8h4.1350+0.089%$53K$157K20xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.1353+0.096%$30K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.1389+0.183%$2.9M$5.7M50xas long as short
Pacifica NEAR+0.0100%1h4.1365+0.125%$348K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.1350+0.089%$235.8M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.1332+0.045%$210.9M$425.6M75xas long as short
OKX NEAR-USDT-SWAPshort+0.0100%8h4.1350+0.089%$56.5M$275.3M50x
Arcus NEAR-USD+0.0100%1h4.1440+0.307%$307K$1.6M10xas long as short
Gate NEAR_USDT+0.0100%8h4.1377+0.154%$29.5M$56.8M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.1380+0.161%$81.3M$140.8M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.1380+0.161%$55.9M$44.7M75xas long as short
Bitget NEARUSDT+0.0100%8h4.1368+0.132%$68.8M$126.2M75xas long as short
BingX NEAR-USDC+0.0100%8h4.1370+0.137%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.1461+0.359%$7.7M$18.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.1473+0.386%$236K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.1340+0.065%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.1240−0.177%$181K$793K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.1398+0.205%$198K$3.2M10xas long as short
SunX NEAR-USDT+0.0100%8h4.1560+0.597%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.1335+0.053%$5K$46K10xas long as short
Phemex NEARUSDT+0.0100%8h4.1340+0.065%$3.8M$8.2M50xas long as short
Bulk NEAR-USD+0.0100%1h4.1450+0.331%$236K$4K10xas long as short
Extended NEAR-USD+0.0104%1h4.1359+0.110%$3.8M$14.6M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.1345+0.077%$199K$62K3xas long as short
Lighter RH NEAR+0.0152%1h4.1399+0.207%$1.4M$6.9M10xas long as short
BloFin NEAR-USDT+0.0220%8h4.1480+0.404%$12.2M$33.5M75xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0234%1h4.1368+0.132%$1.8M$2.1M25xas long as short
Hyperliquid NEAR+0.0300%1h4.1406+0.224%$348.0M$298.0M10xas long as short
RISEx NEAR/USDC+0.0364%1h4.1520+0.499%$411K$1.2M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0379% / S −0.0327%1h4.1332+0.045%$278K100xas long as short
Backpack NEAR_USDC_PERP+0.0465%1h4.1375+0.149%$1.2M$5.7M20xas long as short
Nado NEAR-PERP+0.0483%1h4.1380+0.161%$1.8M$3.6M10xas long as short
Phoenix NEAR+0.0542%1h4.1307−0.015%$1.7M$2.7M10xas long as short
Aftermath Perps NEARUSD+0.0920%1h4.1394+0.196%$5K$11K10xas long as short
HTX NEAR-USDT+0.1020%8h4.1470+0.379%$445K$3.6M75xas long as short