Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h −0.072%

Price spread now: GMX against HTX−0.455%7-day average −0.247% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.125%−$12 on $10k

Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.455%, 7d avg −0.247%

Together, before fees−0.013%−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.208% cheaper against HTX than usual: you would sell low and buy high (spread −0.455% now, against its 7-day average of −0.247%). If the spread goes back, that is −$21 on $10k: about 5.9 days of funding at the current rate (+$4 a day). Mind the row above: over the last 3 days funding on this pair cost −0.125%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.4740	0.0100	pay 0.0100% / 8h	4h 43m	$466K	$4.0M	75x
Short	GMX NEAR/USD [ETH-USDC]	4.4536	L +0.0339% / S −0.0217%	get 0.0027% / 1h	43m 05s	$249K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.455%Rate

Funding earned: $24.6
Price spread: −0.455% → −0.247%: −$20.78
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$20.18
Costs to cover: 0.240%
Break-even: 12.7 days

Slippage unknown: HTX: live order book, 1 min ago; GMX: no order-book sample. Net counts fees only.

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, 1 min ago	5.59 bp	18.1 bp −$18	60.5 bp −$605	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.4514	−0.506%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4509	−0.516%	$2.2M	$15.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4642	−0.219%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4690	−0.112%	$619K	$22.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4528	−0.473%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.443%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4540	−0.447%	$118K	$517K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4673	−0.151%	$427K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4511	−0.511%	$272.2M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4480	−0.581%	$222.8M	$425.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4480	−0.581%	$63.1M	$303.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4550	−0.425%	$254K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4495	−0.548%	$32.2M	$63.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4510	−0.514%	$74.9M	$147.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4520	−0.492%	$55.3M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4491	−0.557%	$73.1M	$130.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4510	−0.514%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4367	−0.834%	$8.6M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4481	−0.580%	$267K	$979K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4375	−0.817%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4230	−1.140%	$170K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4554	−0.416%	$241K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4545	−0.436%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4630	−0.246%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4523	−0.485%	$8K	$53K	10x	as long as short
HTX NEAR-USDTlong	+0.0100%	8h	4.4740	long leg	$466K	$4.0M	75x
Phemex NEARUSDT	+0.0100%	8h	4.4500	−0.536%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4598	−0.318%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4545	−0.436%	$207K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0179%	1h	4.4525	−0.481%	$367.8M	$327.0M	10x	as long as short
Extended NEAR-USD	+0.0200%	1h	4.4483	−0.573%	$4.0M	$19.6M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0214%	1h	4.4507	−0.521%	$1.4M	$6.6M	20x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4550	−0.425%	$14.1M	$33.2M	75x	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.4533	−0.463%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0296%	8h	4.4569	−0.383%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]short	L +0.0339% / S −0.0217%	1h	4.4536	−0.455%	$249K	—	100x
Lighter RH NEAR	+0.0456%	1h	4.4548	−0.429%	$1.6M	$7.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0491%	1h	4.4556	−0.411%	$2.0M	$6.8M	25x	as long as short
Nado NEAR-PERP	+0.0511%	1h	4.4496	−0.545%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4680	−0.134%	$221K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0583%	1h	4.4513	−0.507%	$8.2M	$40.2M	50x	as long as short
Lighter NEAR	+0.0688%	1h	4.4585	−0.347%	$18.0M	$26.2M	15x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4521	−0.489%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4558	−0.406%	$563K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1554%	1h	4.4629	−0.247%	$6K	$12K	10x	as long as short