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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against GRVT+0.140%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$400.398% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.195%+$19 on $10k
Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.140%, 7d avg +0.056%
Together, before fees−0.002%+ Points / potential airdropGRVT: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.084% dearer against GRVT than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT NEAR_USDT_Perp4.27900.0100pay 0.0100% / 8h2h 52m$1.4M$1.5M10x
ShortBloFin NEAR-USDT4.28500.0220get 0.0220% / 8h2h 52m$13.4M$31.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$25.2
Price spread: +0.140% → +0.056%
$8.43
Slippage, 4 orders
−$18.77
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$6.14
Costs to cover
0.398%
Break-even
8.7 days
Slippage from GRVT: live order book, 1 min ago; BloFin: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 1 min ago1.17 bp13.2 bp −$1335.4 bp −$354doesn't fitdoesn't fit
Sell BloFin live order book, 7 min ago3.50 bp9.5 bp −$913.0 bp −$13026.3 bp −$2,63363.4 bp −$31.7K

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%1h4.2824+0.080%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.2825+0.081%$106K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.2823+0.076%$160K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.225%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.2860+0.164%$111K$501K50xas long as short
Binance NEARUSDT+0.0100%8h4.2920+0.304%$261.7M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.2880+0.210%$212.6M$426.7M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2900+0.257%$60.4M$286.9M50xas long as short
Bulk NEAR-USD+0.0100%1h4.2835+0.106%$244K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.2821+0.072%$31.9M$59.5M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC NEAR_USDT+0.0100%8h4.2930+0.327%$70.8M$142.4M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2900+0.257%$53.1M$45.8M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2871+0.189%$70.9M$127.9M75xas long as short
BingX NEAR-USDT+0.0100%8h4.2880+0.210%$144.6Mas long as short
Variational Omni NEAR+0.0100%8h4.2828+0.088%$8.1M$18.0Mas long as short
edgeX NEARUSDC+0.0100%4h4.2849+0.137%$250K$948K20xas long as short
GRVT NEAR_USDT_Perplong+0.0100%8h4.2790long leg$1.4M$1.5M10x
Polymarket Perps NEAR-USD+0.0100%1h4.2866+0.178%$273K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.2893+0.241%$56K$243K20xas long as short
SunX NEAR-USDT+0.0100%8h4.2940+0.351%$2K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.2910+0.280%$459K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.2890+0.234%$3.6M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.2858+0.160%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.2871+0.188%$199K$37K3xas long as short
BloFin NEAR-USDTshort+0.0220%8h4.2850+0.140%$13.4M$31.6M75x
Nado NEAR-PERP+0.0228%1h4.2850+0.140%$1.7M$3.2M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0256%1h4.2865+0.175%$2.3M$15.8M50xas long as short
Kalshi KXNEARPERP+0.0271%8h4.2855+0.152%$828K$24.5M2.2xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0320% / S −0.0195%1h4.2802+0.029%$230K100xas long as short
Aster NEARUSDT+0.0333%8h4.2900+0.257%$2.8M$5.5M50xas long as short
Extended NEAR-USD+0.0512%1h4.2863+0.172%$3.7M$19.9M25xas long as short
ApeX Omni NEARUSDT+0.0512%1h4.2830+0.093%$165K$793K50xas long as short
SoDEX NEAR-USD+0.0631%1h4.2875+0.199%$6K$53K10xas long as short
Hyperliquid NEAR+0.0644%1h4.2890+0.235%$350.2M$311.1M10xas long as short
Lighter NEAR+0.0656%1h4.2933+0.333%$16.8M$25.0M15xas long as short
01 Exchange NEARUSD+0.0664%1h4.2937+0.344%$13K$7K10xas long as short
Backpack NEAR_USDC_PERP+0.0686%1h4.2907+0.273%$1.3M$6.8M20xas long as short
Kraken Futures PF_NEARUSD+0.0738%1h4.2876+0.201%$7.6M$38.8M50xas long as short
Arcus NEAR-USD+0.0814%1h4.2910+0.280%$210K$1.6M10xas long as short
Pacifica NEAR+0.0847%1h4.2891+0.236%$394K$1.3M10xas long as short
Lighter RH NEAR+0.0864%1h4.2932+0.332%$1.5M$7.2M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1010%1h4.2911+0.283%$1.9M$10.6M25xas long as short
Phoenix NEAR+0.1033%1h4.2873+0.194%$1.8M$2.5M10xas long as short
RISEx NEAR/USDC+0.1220%1h4.2895+0.246%$676K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1468%1h4.2880+0.210%$5K$12K10xas long as short