Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0096%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: Paradex against gTrade (Gains Network)−0.872%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.872% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.872% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$87 on $10k: about 30 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) NEAR/USD	4.3419	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	45m 25s	$163K	—	150x
Short	Paradex NEAR-USD-PERP	4.3040	0.0101	get 0.0101% / 8h	3h 45m	$31K	$608	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.872%Rate

Funding earned: $20.26
Price spread: −0.872% → 0.000%: −$87.21
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$80.96
Costs to cover: 0.140%
Break-even: 35.0 days

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 9 min ago; Paradex: 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 gTrade (Gains Network) virtual book (oracle venue), 9 min ago	130.02 bp	135.0 bp −$135	875.9 bp −$8,759	9405.5 bp −$940.5K	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
Reya NEARRUSDPERP	−0.0171%	1h	4.3095	−0.745%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3049	−0.851%	$106K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USDlong	L +0.0004% / S −0.0006%	1h	4.3419	long leg	$163K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.626%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3468	+0.114%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3080	−0.780%	$106K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3120	−0.688%	$265.1M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3079	−0.782%	$215.2M	$427.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3110	−0.711%	$61.3M	$290.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3771	+0.812%	$249K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3061	−0.824%	$31.5M	$60.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3080	−0.780%	$72.0M	$144.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3120	−0.688%	$53.7M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3105	−0.722%	$70.7M	$129.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3070	−0.803%	—	$146.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3397	−0.049%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3444	+0.058%	$254K	$950K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3580	+0.371%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3430	+0.026%	$167K	$799K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3115	−0.699%	$260K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3462	+0.100%	$58K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3490	+0.164%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3450	+0.072%	$454K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3450	+0.072%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERPshort	+0.0101%	8h	4.3040	−0.872%	$31K	$608	10x
Aevo NEAR-PERP	+0.0104%	1h	4.3470	+0.118%	$202K	$40K	3x	as long as short
Kalshi KXNEARPERP	+0.0131%	8h	4.3437	+0.042%	$610K	$22.9M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3410	−0.020%	$13.7M	$32.2M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3106	−0.719%	$409K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0313%	8h	4.3162	−0.591%	$2.9M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0319% / S −0.0191%	1h	4.3416	−0.005%	$231K	—	100x	as long as short
SoDEX NEAR-USD	+0.0418%	1h	4.3435	+0.038%	$8K	$52K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0497%	1h	4.3402	−0.038%	$1.4M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0528%	1h	4.3116	−0.697%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0568%	1h	4.3143	−0.635%	$354.4M	$319.8M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3150	−0.619%	$211K	$1.6M	10x	as long as short
Extended NEAR-USD	+0.0656%	1h	4.3048	−0.853%	$3.8M	$19.8M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0710%	1h	4.3394	−0.057%	$7.7M	$39.7M	50x	as long as short
Nado NEAR-PERP	+0.0775%	1h	4.3097	−0.741%	$1.8M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0896%	1h	4.3144	−0.633%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3717	+0.687%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1160%	1h	4.3141	−0.640%	$17.4M	$24.9M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3130	−0.664%	$623K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1619%	1h	4.3533	+0.264%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.2215%	1h	4.3523	+0.240%	$1.9M	$8.4M	25x	as long as short