Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.158%

Price spread now: gTrade (Gains Network) against HTX−0.094%7-day average −0.247% · 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−$297as in the Price arb table

costs, in and out, $10k−$3133.127% of the position

Long on HTX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.471%−$47 on $10k

Price spread, last 3 days (all we have)−0.064%−$6 · spread now −0.094%, 7d avg −0.247%

Together, before fees−0.536%−$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.153% dearer against HTX than usual: you sell high and buy low (spread −0.094% now, against its 7-day average of −0.247%): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.3 days. At the pace of the last 3 days (−0.471% in total) that is about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.3680	0.0100	pay 0.0100% / 8h	6h 03m	$455K	$3.9M	75x
Short	gTrade (Gains Network) NEAR/USD	4.3639	L +0.0004% / S −0.0004%	get 0.0001% / 1h	3m 50s	$197K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against HTX. 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 HTXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.094%Rate

Funding earned: −$20.15
Price spread: −0.094% → −0.247%: $15.32
Slippage, 4 orders: −$290.74
Fee HTX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$317.57
Costs to cover: 3.127%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 65 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 HTX live order book, 5 min ago	6.82 bp	23.9 bp −$24	62.5 bp −$625	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 65 min ago	130.01 bp	137.7 bp −$138	1007.8 bp −$10.1K	doesn't fit	doesn't fit

NEAR on 44 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	4.3618	−0.141%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3610	−0.160%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3601	−0.180%	$107K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3647	−0.076%	$560K	$19.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USDshort	L +0.0004% / S −0.0004%	1h	4.3639	−0.094%	$197K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.197%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3660	−0.046%	$114K	$486K	50x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3557	−0.281%	$8.4M	$18.4M	—	as long as short
Pacifica NEAR	+0.0100%	1h	4.3621	−0.134%	$409K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3635	−0.102%	$264.6M	$1.08B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.3605	−0.172%	$219.4M	$417.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3570	−0.252%	$62.1M	$288.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3700	+0.046%	$208K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3555	−0.286%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3636	−0.101%	$31.5M	$63.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3660	−0.046%	$75.2M	$144.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3670	−0.023%	$54.0M	$43.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3614	−0.151%	$71.6M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3640	−0.092%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3788	+0.247%	$270K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3782	+0.233%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3780	+0.229%	$199K	$774K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3672	−0.018%	$207K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3628	−0.119%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3720	+0.092%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3608	−0.165%	$5K	$51K	10x	as long as short
HTX NEAR-USDTlong	+0.0100%	8h	4.3680	long leg	$455K	$3.9M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3650	−0.069%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3533	−0.336%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3624	−0.128%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3630	−0.114%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0180%	8h	4.3667	−0.030%	$3.0M	$5.6M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0217%	1h	4.3618	−0.141%	$7.7M	$40.7M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0347% / S −0.0242%	1h	4.3629	−0.118%	$255K	—	100x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3712	+0.073%	$13K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0415%	1h	4.3651	−0.066%	$1.9M	$4.3M	25x	as long as short
Nado NEAR-PERP	+0.0419%	1h	4.3645	−0.080%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3705	+0.056%	$548K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3816	+0.311%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0784%	1h	4.3675	−0.011%	$1.6M	$7.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0825%	1h	4.3678	−0.005%	$1.5M	$6.3M	20x	as long as short
Hyperliquid NEAR	+0.0866%	1h	4.3677	−0.007%	$367.7M	$305.9M	10x	as long as short
Aftermath Perps NEARUSD	+0.1640%	1h	4.3736	+0.127%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1704%	1h	4.3706	+0.059%	$17.5M	$25.8M	15x	as long as short