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 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against GRVT+0.054%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$310.314% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.040%−$4 on $10k
Price spread, last 7 days−0.072%−$7 · spread now +0.054%, 7d avg −0.007%
Together, before fees−0.113%+ Points / potential airdropGRVT: Active · farm board−$11 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: MEXC is 0.060% dearer against GRVT than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT NEAR_USDT_Perp4.56260.0100pay 0.0100% / 8h5h 12m$1.5M$1.4M10x
ShortMEXC NEAR_USDT4.56500.0100get 0.0100% / 8h5h 12m$78.9M$147.4M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
$0
Price spread: +0.054% → −0.007%
$6.05
Slippage, 4 orders
−$22.42
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee MEXC: 0 bp × 2 orders
$0
Net
−$25.37
Costs to cover
0.314%
Break-even
never at this rate
Slippage from GRVT: live order book, just now; MEXC: live order book, 1 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, just now2.19 bp17.5 bp −$1737.0 bp −$370doesn't fitdoesn't fit
Sell MEXC live order book, 1 min ago2.19 bp2.2 bp −$23.6 bp −$3671.9 bp −$7,186104.6 bp −$52.3K

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%1h4.5701+0.166%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0016%1h4.5669+0.095%$2.2M$15.7M50xas long as short
dYdX NEAR-USD0.0000%1h4.5716+0.198%$113K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.5681+0.122%$482K$21.2M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.5663+0.081%$170K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−9.239%$578$302K12xas long as short
Phemex NEARUSDT+0.0080%8h4.5600−0.056%$3.9M$8.3M50xas long as short
Popdex NEARUSDT+0.0096%1h4.5740+0.251%$115K$511K50xas long as short
Pacifica NEAR+0.0100%1h4.5685+0.131%$435K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.5683+0.125%$279.8M$1.11B75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NEARUSDT+0.0100%8h4.5670+0.097%$228.8M$425.4M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.5650+0.054%$65.8M$310.1M50xas long as short
Bulk NEAR-USD+0.0100%1h4.5467−0.349%$259K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.5623−0.006%$33.1M$64.6M75xas long as short
MEXC NEAR_USDTshort+0.0100%8h4.5650+0.054%$78.9M$147.4M200x
KuCoin NEARUSDTM+0.0100%8h4.5640+0.032%$56.1M$45.6M75xas long as short
Bitget NEARUSDT+0.0100%8h4.5660+0.075%$75.2M$129.6M75xas long as short
BingX NEAR-USDC+0.0100%8h4.5640+0.032%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.5466−0.349%$8.8M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.5651+0.056%$274K$989K20xas long as short
GRVT NEAR_USDT_Perplong+0.0100%8h4.5626long leg$1.5M$1.4M10x
ApeX Omni NEARUSDT+0.0100%1h4.5600−0.056%$175K$797K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.5760+0.295%$212K$3.8M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.5658+0.071%$58K$237K20xas long as short
SunX NEAR-USDT+0.0100%8h4.5770+0.317%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.5625−0.001%$9K$54K10xas long as short
HTX NEAR-USDT+0.0100%8h4.5760+0.295%$474K$4.1M75xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.5698+0.160%$33K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.5789+0.358%$213K$40K3xas long as short
Extended NEAR-USD+0.0112%1h4.5601−0.055%$4.3M$19.2M25xas long as short
BloFin NEAR-USDT+0.0220%8h4.5670+0.097%$13.8M$34.1M75xas long as short
Aster NEARUSDT+0.0295%8h4.5680+0.119%$3.1M$5.5M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0363% / S −0.0249%1h4.5662+0.080%$276K100xas long as short
Nado NEAR-PERP+0.0378%1h4.5720+0.207%$2.0M$3.2M10xas long as short
01 Exchange NEARUSD+0.0392%1h4.5788+0.356%$13K$7K10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0407%1h4.5671+0.100%$2.0M$4.5M25xas long as short
Arcus NEAR-USD+0.0410%1h4.5800+0.382%$222K$1.7M10xas long as short
Backpack NEAR_USDC_PERP+0.0597%1h4.5666+0.089%$1.4M$6.7M20xas long as short
Kraken Futures PF_NEARUSD+0.0675%1h4.5663+0.083%$8.5M$41.3M50xas long as short
Lighter RH NEAR+0.0720%1h4.5693+0.148%$1.6M$7.1M10xas long as short
Hyperliquid NEAR+0.0821%1h4.5745+0.262%$383.6M$321.0M10xas long as short
Phoenix NEAR+0.0855%1h4.5923+0.652%$1.9M$2.7M10xas long as short
RISEx NEAR/USDC+0.0924%1h4.5794+0.369%$577K$1.4M10xas long as short
Lighter NEAR+0.1208%1h4.5702+0.167%$18.3M$26.8M15xas long as short
Aftermath Perps NEARUSD+0.1583%1h4.5505−0.264%$6K$12K10xas long as short