Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.201%

Price spread now: Arcus against GRVT−0.084%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on GRVT Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.340%+$34 on $10k

Price spread, last 7 days−0.136%−$14 · spread now −0.084%, 7d avg +0.019%

Together, before fees+0.204%+ Points / potential airdropGRVT: Active · farm board+$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.103% cheaper against GRVT than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NEAR_USDT_Perp	4.2676	0.0100	pay 0.0100% / 8h	7h 59m	$1.4M	$1.3M	10x
Short	Arcus NEAR-USD	4.2640	0.0100	get 0.0013% / 1h	59m 22s	$195K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against GRVT. 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 GRVTbpFee ArcusbpOrdersPrice spread, now −0.084%Rate

Funding earned: $0
Price spread: −0.084% → +0.019%: −$10.33
Slippage, 4 orders: −$23.4
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$47.22
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; Arcus: live order book, 5 min ago.

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 GRVT live order book, 4 min ago	2.34 bp	15.6 bp −$16	36.4 bp −$364	doesn't fit	doesn't fit
Sell Arcus live order book, 5 min ago	3.50 bp	5.7 bp −$6	11.3 bp −$113	doesn't fit	doesn't fit

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	4.2630	−0.107%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0132%	1h	4.2650	−0.060%	$7.5M	$37.4M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2670	−0.014%	$2.2M	$13.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2711	+0.081%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2646	−0.070%	$380K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2643	−0.078%	$202K	—	150x	as long as short
Variational Omni NEAR	+0.0024%	8h	4.2669	−0.016%	$7.8M	$18.5M	—	as long as short
01 Exchange NEARUSD	+0.0032%	1h	4.2647	−0.068%	$13K	$7K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.966%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2690	+0.033%	$110K	$495K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.2650	−0.061%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2672	−0.009%	$31K	$647	10x	as long as short
Hyperliquid NEAR	+0.0100%	1h	4.2690	+0.033%	$363.7M	$301.4M	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2709	+0.078%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2680	+0.010%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2640	−0.084%	$252.7M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2614	−0.145%	$216.8M	$421.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2620	−0.131%	$60.6M	$285.2M	50x	as long as short
Arcus NEAR-USDshort	+0.0100%	1h	4.2640	−0.084%	$195K	$1.8M	10x
Bulk NEAR-USD	+0.0100%	1h	4.2757	+0.191%	$244K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2625	−0.119%	$30.8M	$58.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2640	−0.084%	$79.3M	$137.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2700	+0.056%	$55.7M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2618	−0.136%	$70.7M	$126.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2610	−0.154%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2687	+0.026%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perplong	+0.0100%	8h	4.2676	long leg	$1.4M	$1.3M	10x
ApeX Omni NEARUSDT	+0.0100%	1h	4.2710	+0.080%	$178K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2701	+0.059%	$194K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2680	+0.010%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2630	−0.108%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2670	−0.014%	$3.8M	$8.5M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2605	−0.167%	$3.9M	$16.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2743	+0.156%	$202K	$23K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2670	−0.014%	$12.9M	$29.2M	75x	as long as short
Lighter RH NEAR	+0.0336%	1h	4.2699	+0.054%	$1.6M	$6.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0360%	1h	4.2679	+0.007%	$1.9M	$2.8M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0316%	1h	4.2637	−0.091%	$275K	—	100x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2663	−0.030%	$418K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0442%	1h	4.2709	+0.078%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2828	+0.356%	$1.8M	$2.6M	10x	as long as short
HTX NEAR-USDT	+0.0732%	8h	4.2770	+0.220%	$456K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1185%	1h	4.2754	+0.183%	$5K	$12K	10x	as long as short
Nado NEAR-PERP	+0.1190%	1h	4.2654	−0.052%	$1.9M	$3.4M	10x	as long as short
Lighter NEAR	+0.1792%	1h	4.2767	+0.213%	$16.9M	$23.4M	15x	as long as short