Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h −0.027%

Price spread now: Coinbase International against GRVT−0.037%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on GRVT Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.205%−$21 on $10k

Price spread, last 3 days (all we have)+0.025%+$3 · spread now −0.037%, 7d avg +0.026%

Together, before fees−0.180%+ Points / potential airdropGRVT: Active · farm board−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Coinbase International is 0.063% cheaper against GRVT than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NEAR_USDT_Perp	4.2980	0.0100	pay 0.0100% / 8h	49m 05s	$1.4M	$1.3M	10x
Short	Coinbase International NEAR-PERP-INTX	4.2964	−0.0072	pay 0.0009% / 1h	49m 05s	$2.2M	$13.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$36.12
Price spread: −0.037% → +0.026%: −$6.34
Slippage, 4 orders: −$25.92
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$87.38
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; Coinbase International: 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	2.31 bp	7.6 bp −$8	34.6 bp −$346	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	3.92 bp	10.8 bp −$11	18.8 bp −$188	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	4.3008	+0.065%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTXshort	−0.0072%	1h	4.2964	−0.037%	$2.2M	$13.1M	50x
dYdX NEAR-USD	0.0000%	1h	4.3082	+0.237%	$112K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2911	−0.161%	$389K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3013	+0.076%	$204K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.653%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3080	+0.233%	$109K	$496K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2930	−0.116%	$220.8M	$421.5M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3058	+0.181%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2969	−0.025%	$3.0M	$5.5M	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	4.3070	+0.210%	$405K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2970	−0.023%	$254.5M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2950	−0.070%	$61.2M	$286.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3070	+0.209%	$198K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3000	+0.046%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2967	−0.030%	$30.3M	$58.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2980	0.000%	$79.7M	$140.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3000	+0.046%	$56.4M	$43.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2969	−0.026%	$71.4M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2960	−0.047%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3020	+0.092%	$8.0M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3021	+0.095%	$269K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perplong	+0.0100%	8h	4.2980	long leg	$1.4M	$1.3M	10x
ApeX Omni NEARUSDT	+0.0100%	1h	4.2990	+0.023%	$180K	$788K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3102	+0.284%	$201K	$3.3M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2977	−0.007%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3050	+0.163%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2950	−0.070%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2980	0.000%	$3.9M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2932	−0.111%	$4.0M	$15.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2950	−0.070%	$207K	$62K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.2977	−0.007%	$7.5M	$36.9M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2970	−0.023%	$13.0M	$30.8M	75x	as long as short
01 Exchange NEARUSD	+0.0224%	1h	4.3116	+0.316%	$13K	$7K	10x	as long as short
Lighter RH NEAR	+0.0312%	1h	4.3027	+0.109%	$1.5M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0313%	1h	4.3033	+0.123%	$276K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0378%	1h	4.3003	+0.053%	$1.9M	$2.3M	25x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.3096	+0.269%	$415K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0463%	1h	4.3418	+1.019%	$1.8M	$2.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0476%	1h	4.3020	+0.093%	$1.3M	$5.6M	20x	as long as short
Nado NEAR-PERP	+0.0816%	1h	4.3038	+0.134%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0889%	8h	4.3160	+0.419%	$461K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1190%	1h	4.3085	+0.243%	$5K	$11K	10x	as long as short
Hyperliquid NEAR	+0.1246%	1h	4.3062	+0.191%	$371.2M	$297.8M	10x	as long as short
Lighter NEAR	+0.2144%	1h	4.3102	+0.283%	$16.6M	$23.6M	15x	as long as short