Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against GRVT−0.589%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 7 days+0.507%+$51 · spread now −0.589%, 7d avg −0.039%

Together, before fees+0.446%+ Points / potential airdropGRVT: Active · farm board+$45 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: Bitget is 0.550% cheaper against GRVT than usual: you would sell low and buy high, −$55 on $10k if it goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NEAR_USDT_Perp	4.3415	0.0100	pay 0.0100% / 8h	3h 10m	$1.4M	$1.5M	10x
Short	Bitget NEARUSDT	4.3159	0.0100	get 0.0100% / 8h	3h 10m	$71.2M	$127.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.589%Rate

Funding earned: $0
Price spread: −0.589% → −0.039%: −$54.96
Slippage, 4 orders: −$18.8
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$94.76
Costs to cover: 0.398%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; Bitget: live order book, 3 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, 2 min ago	2.30 bp	11.8 bp −$12	38.8 bp −$388	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.12 bp	11.4 bp −$11	14.2 bp −$142	32.1 bp −$3,210	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	4.3276	−0.319%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3339	−0.174%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3243	−0.395%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.617%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3272	−0.328%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3290	−0.287%	$110K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3220	−0.448%	$264.2M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3175	−0.552%	$213.6M	$425.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3170	−0.563%	$61.1M	$287.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	+0.079%	$248K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3183	−0.533%	$32.0M	$62.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3210	−0.471%	$73.6M	$146.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3220	−0.448%	$53.6M	$45.8M	75x	as long as short
Bitget NEARUSDTshort	+0.0100%	8h	4.3159	−0.589%	$71.2M	$127.4M	75x
BingX NEAR-USDT	+0.0100%	8h	4.3200	−0.494%	—	$144.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3247	−0.386%	$8.2M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3426	+0.026%	$254K	$946K	20x	as long as short
GRVT NEAR_USDT_Perplong	+0.0100%	8h	4.3415	long leg	$1.4M	$1.5M	10x
ApeX Omni NEARUSDT	+0.0100%	1h	4.3430	+0.036%	$167K	$796K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3313	−0.234%	$271K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3280	−0.310%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3380	−0.080%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3360	−0.126%	$468K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3270	−0.333%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3331	−0.192%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3270	−0.333%	$201K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3300	−0.264%	$13.5M	$32.0M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3390	−0.056%	$401K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0281%	8h	4.3324	−0.209%	$871K	$23.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0323% / S −0.0198%	1h	4.3240	−0.402%	$234K	—	100x	as long as short
Aster NEARUSDT	+0.0337%	8h	4.3210	−0.471%	$2.8M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0347%	1h	4.3255	−0.368%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3352	−0.144%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0557%	1h	4.3282	−0.306%	$1.8M	$3.1M	10x	as long as short
Extended NEAR-USD	+0.0568%	1h	4.3174	−0.553%	$3.8M	$19.9M	25x	as long as short
Hyperliquid NEAR	+0.0580%	1h	4.3213	−0.464%	$353.9M	$314.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0586%	1h	4.3244	−0.393%	$1.3M	$6.8M	20x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3360	−0.126%	$213K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0652%	1h	4.3283	−0.303%	$1.9M	$9.8M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0713%	1h	4.3251	−0.377%	$7.6M	$38.9M	50x	as long as short
Lighter RH NEAR	+0.0928%	1h	4.3302	−0.259%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3478	+0.146%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1080%	1h	4.3324	−0.208%	$17.5M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3337	−0.179%	$677K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1584%	1h	4.3379	−0.082%	$5K	$13K	10x	as long as short