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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%
Price spread now: Polymarket Perps against gTrade (Gains Network)+0.204%56s7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2862.861% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.101%+$10 on $10k
Price spread, last 4 days (all we have)−0.537%−$54 · spread now +0.204%, 7d avg +0.046%
Together, before fees−0.436%−$44 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 Polymarket Perps is 0.157% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.046%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) NEAR/USD4.4855L +0.0004% / S −0.0006%pay 0.0001% / 1h8m 25s$168K150x
ShortPolymarket Perps NEAR-USD4.49460.0100get 0.0013% / 1h8m 25s$193K$4.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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
$20.08
Price spread: +0.204% → +0.046%
$15.73
Slippage, 4 orders
−$268.11
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$250.29
Costs to cover
2.861%
Break-even
94.2 days
Slippage from gTrade (Gains Network): virtual book (oracle exchange), 38 min ago; Polymarket Perps: 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 exchange), 38 min ago130.01 bp135.0 bp −$135875.9 bp −$8,7599405.4 bp −$940.5Kdoesn't fit
Sell Polymarket Perps live order book, 4 min ago2.01 bp6.0 bp −$68.5 bp −$85doesn't fitdoesn't fit

NEAR on 45 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NEARUSD−0.0236%1h4.4865+0.022%$7.3M$37.0M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.4878+0.051%$2K20xas long as short
Kalshi KXNEARPERP0.0000%8h4.4971+0.259%$905K$26.4M2.2xas long as short
gTrade (Gains Network) NEAR/USDlongL +0.0004% / S −0.0006%1h4.4855long leg$168K150x
dYdX NEAR-USD+0.0023%1h4.4898+0.096%$110K$53K10xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.680%$578$301K12xas long as short
01 Exchange NEARUSD+0.0080%1h4.4921+0.148%$13K$4K10xas long as short
Lighter NEAR+0.0096%1h4.4977+0.272%$17.0M$25.1M15xas long as short
Popdex NEARUSDT+0.0096%1h4.4920+0.146%$124K$505K50xas long as short
Aster NEARUSDT+0.0100%8h4.4950+0.212%$2.7M$4.8M50xas long as short
Show all 45 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance NEARUSDT+0.0100%8h4.4960+0.235%$271.1M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4954+0.221%$230.7M$430.0M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4960+0.235%$64.0M$301.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4606−0.554%$275K$24K10xas long as short
Gate NEAR_USDT+0.0100%8h4.4927+0.161%$40.8M$63.5M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4960+0.235%$71.6M$171.3M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4940+0.190%$54.9M$44.1M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4935+0.179%$74.9M$127.8M75xas long as short
BingX NEAR-USDT+0.0100%8h4.4940+0.190%$74.4Mas long as short
Variational Omni NEAR+0.0100%8h4.4714−0.315%$8.7M$16.1Mas long as short
edgeX NEARUSDC+0.0100%4h4.4743−0.249%$265K$861K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4740−0.255%$1.5M$1.8M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4700−0.345%$167K$809K50xas long as short
Polymarket Perps NEAR-USDshort+0.0100%1h4.4946+0.204%$193K$4.1M10x
Orderly PERP_NEAR_USDC+0.0100%8h4.4968+0.253%$56K$273K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4990+0.302%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4895+0.090%$5K$34K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4970+0.257%$471K$3.7M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4900+0.101%$3.4M$8.2M50xas long as short
Hyperliquid NEAR+0.0100%1h4.4974+0.266%$361.3M$311.7M10xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.4947+0.206%$32K$38910xas long as short
Extended NEAR-USD+0.0104%1h4.4900+0.102%$3.7M$15.0M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.4953+0.220%$209K$38K3xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0191% / S −0.0033%1h4.4745−0.245%$241K100xas long as short
BloFin NEAR-USDT+0.0220%8h4.4930+0.168%$12.7M$32.6M75xas long as short
Lighter RH NEAR+0.0240%1h4.4934+0.177%$1.5M$6.0M10xas long as short
Nado NEAR-PERP+0.0260%1h4.4930+0.168%$1.8M$3.1M10xas long as short
Arcus NEAR-USD+0.0343%1h4.4950+0.212%$227K$1.4M10xas long as short
RISEx NEAR/USDC+0.0489%1h4.4956+0.225%$647K$1.6M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0504%1h4.4941+0.192%$2.3M$17.6M50xas long as short
Backpack NEAR_USDC_PERP+0.0555%1h4.4919+0.143%$1.1M$7.1M20xas long as short
Phoenix NEAR+0.0741%1h4.4807−0.106%$1.7M$2.7M10xas long as short
Pacifica NEAR+0.0851%1h4.4936+0.181%$424K$1.3M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0909%1h4.4927+0.161%$1.9M$13.0M25xas long as short
Aftermath Perps NEARUSD+0.0919%1h4.4815−0.089%$6K$6K10xas long as short