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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h +0.053%
Price spread now: HTX against GMX+0.159%7-day average +0.248% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.160%+$16 on $10k
Price spread, last 4 days (all we have)+0.210%+$21 · spread now +0.159%, 7d avg +0.248%
Together, before fees+0.370%+$37 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and HTX is 0.090% cheaper against GMX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.248%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.160%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX NEAR/USD [ETH-USDC]4.4450L +0.0352% / S −0.0245%pay 0.0044% / 1h29m 01s$261K100x
ShortHTX NEAR-USDT4.45200.0100get 0.0100% / 8h5h 29m$463K$3.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
−$52.91
Price spread: +0.159% → +0.248%
−$8.99
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$85.9
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; HTX: 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell HTX live order book, 5 min ago4.50 bp13.7 bp −$1475.5 bp −$755doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.4417−0.073%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0016%1h4.4412−0.084%$2.2M$14.7M50xas long as short
dYdX NEAR-USD0.0000%1h4.4341−0.245%$109K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4412−0.084%$606K$19.7M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.4447−0.005%$201K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−6.838%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4350−0.224%$116K$490K50xas long as short
Pacifica NEAR+0.0100%1h4.4326−0.279%$418K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.4335−0.259%$269.1M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4277−0.388%$222.6M$419.5M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4280−0.381%$63.6M$293.7M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4421−0.065%$253K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4360−0.201%$32.1M$62.9M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4380−0.156%$76.8M$143.0M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4410−0.089%$55.7M$44.5M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4358−0.206%$73.1M$127.2M75xas long as short
BingX NEAR-USDC+0.0100%8h4.4370−0.179%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.4186−0.593%$8.7M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.4477+0.063%$267K$989K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4180−0.606%$1.5M$1.4M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4160−0.651%$172K$792K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4456+0.015%$216K$3.7M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4445−0.010%$60K$195K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4490+0.091%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4425−0.055%$5K$51K10xas long as short
HTX NEAR-USDTshort+0.0100%8h4.4520+0.159%$463K$3.9M75x
Phemex NEARUSDT+0.0100%8h4.4340−0.246%$3.9M$8.1M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.4352−0.219%$32K$60810xas long as short
Extended NEAR-USD+0.0104%1h4.4399−0.114%$3.8M$18.7M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.4441−0.019%$207K$34K3xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0110%1h4.4466+0.037%$1.9M$4.4M25xas long as short
BloFin NEAR-USDT+0.0220%8h4.4520+0.159%$13.7M$31.7M75xas long as short
Aster NEARUSDT+0.0238%8h4.4435−0.032%$3.0M$5.4M50xas long as short
GMX NEAR/USD [ETH-USDC]longL +0.0352% / S −0.0245%1h4.4450long leg$261K100x
01 Exchange NEARUSD+0.0384%1h4.4354−0.215%$13K$7K10xas long as short
Nado NEAR-PERP+0.0385%1h4.4415−0.078%$1.9M$3.1M10xas long as short
Arcus NEAR-USD+0.0410%1h4.4370−0.179%$211K$1.7M10xas long as short
Backpack NEAR_USDC_PERP+0.0564%1h4.4416−0.075%$1.4M$6.6M20xas long as short
Kraken Futures PF_NEARUSD+0.0693%1h4.4431−0.042%$8.3M$41.0M50xas long as short
Lighter RH NEAR+0.0712%1h4.4466+0.037%$1.6M$6.9M10xas long as short
Hyperliquid NEAR+0.0729%1h4.4407−0.096%$369.8M$309.1M10xas long as short
Phoenix NEAR+0.0855%1h4.4463+0.030%$1.8M$2.7M10xas long as short
RISEx NEAR/USDC+0.0924%1h4.4386−0.143%$559K$1.3M10xas long as short
Lighter NEAR+0.1288%1h4.4450+0.001%$17.8M$25.9M15xas long as short
Aftermath Perps NEARUSD+0.1651%1h4.4260−0.427%$6K$12K10xas long as short