Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0290%/8h= −31.8% APRpaid last 24h −0.078%

Price spread now: Paradex against GMX−0.243%7-day average — · you buy dearer than you sell

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

Long on GMX 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

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Paradex is 0.243% cheaper against GMX than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX NEAR/USD [ETH-USDC]	4.2706	L +0.0390% / S −0.0335%	pay 0.0049% / 1h	7m 31s	$292K	—	100x
Short	Paradex NEAR-USD-PERP	4.2602	0.0100	get 0.0100% / 8h	1h 07m	$31K	$647	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.243%Rate

Funding earned: −$60.98
Price spread: −0.243% → 0.000%: −$24.32
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$101.3
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

GMX and 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	4.2774	+0.161%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.2705	−0.001%	$2.2M	$13.1M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−3.034%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2631	−0.174%	$111K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2750	+0.104%	$477K	$18.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2700	−0.014%	$207K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0047%	1h	4.2695	−0.025%	$7.7M	$36.2M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2730	+0.057%	$106K	$489K	50x	as long as short
Paradex NEAR-USD-PERPshort	+0.0100%	8h	4.2602	−0.243%	$31K	$647	10x
Aster NEARUSDT	+0.0100%	8h	4.2683	−0.053%	$3.0M	$5.6M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.2646	−0.140%	$397K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2740	+0.080%	$246.9M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2720	+0.034%	$219.4M	$420.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2700	−0.013%	$59.7M	$282.1M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2630	−0.177%	$196K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2317	−0.910%	$241K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2616	−0.210%	$30.0M	$59.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2600	−0.247%	$83.0M	$144.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2640	−0.154%	$55.9M	$43.3M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2632	−0.172%	$70.7M	$125.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2610	−0.224%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2299	−0.951%	$7.9M	$17.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2295	−0.962%	$247K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2644	−0.145%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2620	−0.201%	$178K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2800	+0.221%	$230K	$3.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2720	+0.034%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2730	+0.057%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2660	−0.107%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2690	−0.037%	$3.9M	$8.1M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2585	−0.284%	$4.0M	$14.8M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2682	−0.055%	$206K	$62K	3x	as long as short
01 Exchange NEARUSD	+0.0144%	1h	4.2662	−0.102%	$13K	$7K	10x	as long as short
Lighter RH NEAR	+0.0160%	1h	4.2672	−0.079%	$1.5M	$7.0M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2660	−0.107%	$12.6M	$32.3M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0312%	1h	4.2715	+0.022%	$1.9M	$2.3M	25x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.2651	−0.128%	$411K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]long	L +0.0390% / S −0.0335%	1h	4.2706	long leg	$292K	—	100x
Nado NEAR-PERP	+0.0467%	1h	4.2794	+0.208%	$1.9M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.2316	−0.912%	$1.8M	$2.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0552%	1h	4.2714	+0.020%	$1.3M	$5.5M	20x	as long as short
Hyperliquid NEAR	+0.0603%	1h	4.2717	+0.027%	$366.9M	$295.0M	10x	as long as short
HTX NEAR-USDT	+0.0930%	8h	4.2740	+0.080%	$462K	$3.6M	75x	as long as short
Aftermath Perps NEARUSD	+0.0980%	1h	4.2366	−0.795%	$5K	$11K	10x	as long as short
Lighter NEAR	+0.0992%	1h	4.2754	+0.113%	$16.4M	$23.8M	15x	as long as short