Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0132%/8h= −14.4% APRpaid last 24h −0.071%

Price spread now: Aster against GMX+0.466%7-day average +0.061% · you sell dearer than you buy

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

Long on GMX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.201%−$20 on $10k

Price spread, last 4 days (all we have)−0.705%−$70 · spread now +0.466%, 7d avg +0.061%

Together, before fees−0.905%+ Points / potential airdropAster: Stage 5 · farm board−$91 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.404% dearer against GMX than usual: you sell high and buy low (spread +0.466% now, against its 7-day average of +0.061%): +$40 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX NEAR/USD [ETH-USDC]	4.3726	L +0.0350% / S −0.0245%	pay 0.0044% / 1h	38m 42s	$257K	—	100x
Short	Aster NEARUSDT	4.3930	0.0218	get 0.0218% / 8h	5h 38m	$3.0M	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.466%Rate

Funding earned: −$27.64
Price spread: +0.466% → +0.061%: $40.44
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$7.2
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Aster: live order book, 5 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	4.54 bp	10.6 bp −$11	20.3 bp −$203	doesn't fit	doesn't fit

GMX: 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	4.3749	+0.051%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3819	+0.212%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3887	+0.367%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3841	+0.262%	$574K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3739	+0.028%	$198K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.297%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3780	+0.123%	$114K	$483K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3917	+0.436%	$415K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3900	+0.397%	$267.1M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3880	+0.351%	$221.5M	$417.7M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3870	+0.328%	$62.6M	$289.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3650	−0.175%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3911	+0.422%	$31.6M	$62.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3910	+0.420%	$75.8M	$141.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3950	+0.511%	$55.2M	$44.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3924	+0.452%	$72.3M	$126.3M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3950	+0.511%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4286	+1.281%	$8.6M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4253	+1.203%	$265K	$986K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4147	+0.961%	$1.5M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3804	+0.177%	$222K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3755	+0.065%	$61K	$193K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3790	+0.145%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3765	+0.088%	$5K	$50K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3870	+0.328%	$453K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3790	+0.145%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3875	+0.339%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3901	+0.400%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3785	+0.134%	$204K	$34K	3x	as long as short
Aster NEARUSDTshort	+0.0218%	8h	4.3930	+0.466%	$3.0M	$5.5M	50x
BloFin NEAR-USDT	+0.0220%	8h	4.3840	+0.260%	$13.5M	$31.0M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0298%	1h	4.3789	+0.143%	$1.9M	$4.3M	25x	as long as short
GMX NEAR/USD [ETH-USDC]long	L +0.0350% / S −0.0245%	1h	4.3726	long leg	$257K	—	100x
Nado NEAR-PERP	+0.0400%	1h	4.3766	+0.090%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3860	+0.306%	$209K	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0412%	1h	4.4020	+0.671%	$200K	$779K	50x	as long as short
01 Exchange NEARUSD	+0.0416%	1h	4.3849	+0.280%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0663%	1h	4.3858	+0.301%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0704%	1h	4.3775	+0.112%	$8.2M	$41.0M	50x	as long as short
Hyperliquid NEAR	+0.0777%	1h	4.3989	+0.601%	$370.3M	$303.7M	10x	as long as short
Lighter RH NEAR	+0.0784%	1h	4.4002	+0.630%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4223	+1.136%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3851	+0.285%	$556K	$1.3M	10x	as long as short
Lighter NEAR	+0.1416%	1h	4.3996	+0.617%	$17.6M	$25.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1762%	1h	4.3921	+0.445%	$6K	$12K	10x	as long as short