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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0342%/8h= +37.4% APRnext payment +$0.43 per $10,000 · paid last 24h −0.038%
Price spread now: Pacifica against GMX+0.106%7-day average +0.036% · 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 4 days (all we have)−0.193%−$19 on $10k
Price spread, last 4 days (all we have)−0.339%−$34 · spread now +0.106%, 7d avg +0.036%
Together, before fees−0.532%+ Points / potential airdropPacifica: Active · farm board−$53 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Pacifica is 0.070% dearer against GMX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.036%. Mind the row above: over the last 4 days funding on this pair cost −0.193%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX NEAR/USD [ETH-USDC]4.4804L +0.0360% / S −0.0262%pay 0.0045% / 1h10m 12s$263K100x
ShortPacifica NEAR4.48510.0701get 0.0088% / 1h10m 12s$422K$1.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$71.74
Price spread: +0.106% → +0.036%
$6.97
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$58.71
Costs to cover
0.200%
Break-even
1.3 days
Slippage unknown: GMX: no order-book sample; Pacifica: live order book, 4 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 Pacifica live order book, 4 min ago2.12 bp20.2 bp −$20doesn't fitdoesn'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
Kraken Futures PF_NEARUSD−0.0421%1h4.4817+0.029%$7.4M$38.5M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.4875+0.159%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4850+0.103%$109K$53K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4881+0.171%$168K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.575%$578$301K12xas long as short
Phemex NEARUSDT+0.0068%8h4.4830+0.058%$3.6M$7.7M50xas long as short
Popdex NEARUSDT+0.0096%1h4.4890+0.192%$116K$509K50xas long as short
Aster NEARUSDT+0.0100%8h4.4840+0.080%$2.7M$4.6M50xas long as short
Binance NEARUSDT+0.0100%8h4.4860+0.126%$271.1M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4855+0.114%$228.7M$427.4M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4830+0.058%$63.1M$303.8M50xas long as short
Arcus NEAR-USD+0.0100%1h4.4920+0.259%$234K$1.4M10xas long as short
Gate NEAR_USDT+0.0100%8h4.4799−0.011%$38.2M$63.4M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4860+0.125%$89.3M$163.8M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4830+0.058%$53.0M$45.2M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4835+0.069%$74.0M$127.1M75xas long as short
BingX NEAR-USDT+0.0100%8h4.4850+0.103%$82.7Mas long as short
Variational Omni NEAR+0.0100%8h4.4878+0.164%$9.4M$17.9Mas long as short
edgeX NEARUSDC+0.0100%4h4.4718−0.192%$259K$896K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4710−0.210%$1.5M$1.6M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4750−0.120%$168K$826K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4835+0.069%$280K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4833+0.065%$57K$239K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4890+0.192%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4835+0.069%$5K$49K10xas long as short
Bulk NEAR-USD+0.0100%1h4.4787−0.038%$258K$3K10xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.4842+0.084%$32K$41310xas long as short
Extended NEAR-USD+0.0104%1h4.4784−0.044%$3.7M$15.1M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.4830+0.057%$208K$38K3xas long as short
Kalshi KXNEARPERP+0.0133%8h4.4858+0.121%$932K$25.4M2.2xas long as short
Nado NEAR-PERP+0.0220%1h4.4832+0.063%$1.7M$3.2M10xas long as short
BloFin NEAR-USDT+0.0220%8h4.4930+0.281%$12.7M$33.1M75xas long as short
01 Exchange NEARUSD+0.0352%1h4.4932+0.286%$13K$6K10xas long as short
GMX NEAR/USD [ETH-USDC]longL +0.0360% / S −0.0262%1h4.4804long leg$263K100x
Hyperliquid NEAR+0.0410%1h4.4881+0.172%$364.7M$318.8M10xas long as short
HTX NEAR-USDT+0.0465%8h4.4900+0.214%$472K$3.7M75xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.4924+0.268%$2.3M$17.7M50xas long as short
Lighter NEAR+0.0496%1h4.4869+0.144%$17.6M$24.1M15xas long as short
Lighter RH NEAR+0.0504%1h4.4890+0.192%$1.6M$6.5M10xas long as short
Backpack NEAR_USDC_PERP+0.0603%1h4.4885+0.181%$1.1M$7.1M20xas long as short
RISEx NEAR/USDC+0.0656%1h4.4909+0.235%$618K$1.5M10xas long as short
Pacifica NEARshort+0.0701%1h4.4851+0.106%$422K$1.4M10x
Phoenix NEAR+0.0740%1h4.4790−0.031%$1.8M$2.4M10xas long as short
Aftermath Perps NEARUSD+0.1147%1h4.4715−0.198%$6K$7K10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1156%1h4.4868+0.143%$1.9M$13.1M25xas long as short