Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.066%

Price spread now: GRVT against Injective+3.057%7-day average −0.414% · you sell dearer than you buy

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

Long on Injective Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 3 days (all we have)−5.212%−$521 · spread now +3.057%, 7d avg −0.414%

Together, before fees−5.239%+ Points / potential airdropGRVT: Active · farm board−$524 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GRVT is 3.471% dearer against Injective than usual: you sell high and buy low: +$347 more if the spread goes back to its 7-day average of −0.414%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective NEAR/USDC PERP	4.1410	0.0033	pay 0.0004% / 1h	58m 05s	$578	$302K	12x
Short	GRVT NEAR_USDT_Perp	4.2676	0.0100	get 0.0100% / 8h	7h 58m	$1.4M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee GRVTbpOrdersPrice spread, now +3.057%Rate

Funding earned: $14
Price spread: +3.057% → −0.414%: $347.13
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $352.11
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; GRVT: live order book, 5 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell GRVT live order book, 5 min ago	2.34 bp	9.8 bp −$10	25.3 bp −$253	doesn't fit	doesn't fit

Injective: 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	4.2798	+3.352%	$2K	—	20x	as long as short
Bybit NEARUSDT	−0.0170%	8h	4.2711	+3.142%	$217.3M	$421.6M	75x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.2882	+3.554%	$7.6M	$37.4M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2744	+3.221%	$2.2M	$13.2M	50x	as long as short
01 Exchange NEARUSD	−0.0056%	1h	4.2833	+3.436%	$13K	$7K	10x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2743	+3.219%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2688	+3.086%	$385K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2873	+3.532%	$203K	—	150x	as long as short
Variational Omni NEAR	+0.0024%	8h	4.2669	+3.041%	$7.8M	$18.5M	—	as long as short
Injective NEAR/USDC PERPlong	+0.0033%	1h	4.1410	long leg	$578	$302K	12x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.2810	+3.381%	$110K	$495K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.2881	+3.552%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2628	+2.942%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2847	+3.471%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2700	+3.116%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2779	+3.305%	$253.7M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2720	+3.163%	$60.6M	$285.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2820	+3.405%	$196K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2646	+2.985%	$243K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2759	+3.258%	$30.9M	$58.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2780	+3.308%	$79.6M	$137.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2840	+3.453%	$55.9M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2751	+3.238%	$70.9M	$126.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2760	+3.260%	—	$140.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2687	+3.084%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perpshort	+0.0100%	8h	4.2676	+3.057%	$1.4M	$1.3M	10x
ApeX Omni NEARUSDT	+0.0100%	1h	4.2710	+3.139%	$178K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2831	+3.432%	$194K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2920	+3.646%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2860	+3.502%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2840	+3.453%	$3.8M	$8.5M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2848	+3.473%	$3.8M	$16.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2875	+3.537%	$202K	$23K	3x	as long as short
HTX NEAR-USDT	+0.0112%	8h	4.2940	+3.695%	$457K	$3.7M	75x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2590	+2.850%	$13.0M	$29.2M	75x	as long as short
Hyperliquid NEAR	+0.0353%	1h	4.2811	+3.383%	$364.8M	$301.4M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0377% / S −0.0316%	1h	4.2856	+3.491%	$276K	—	100x	as long as short
Lighter RH NEAR	+0.0416%	1h	4.2843	+3.461%	$1.6M	$6.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0416%	1h	4.2835	+3.441%	$1.4M	$5.6M	20x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2854	+3.487%	$419K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2828	+3.424%	$1.8M	$2.6M	10x	as long as short
Nado NEAR-PERP	+0.0532%	1h	4.2769	+3.282%	$1.9M	$3.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0636%	1h	4.2920	+3.646%	$1.9M	$2.9M	25x	as long as short
Aftermath Perps NEARUSD	+0.1175%	1h	4.2784	+3.317%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1824%	1h	4.2909	+3.619%	$16.9M	$23.4M	15x	as long as short