Funding arb · Price arb /

NEAR

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Swap Backtest

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 −0.020%

Price spread now: GRVT against MEXC+1.375%97s7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.296% of the position

Long on MEXC Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days−1.272%−$127 · spread now +1.375%, 7d avg +0.012%

Together, before fees−1.252%+ Points / potential airdropGRVT: Active · farm board−$125 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: GRVT is 1.363% dearer against MEXC than usual: you sell high and buy low, +$136 on $10k if it goes back to its 7-day average of +0.012%. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.2170	0.0100	pay 0.0100% / 8h	7h 35m	$76.1M	$139.5M	200x
Short	GRVT NEAR_USDT_Perp	4.2750	0.0100	get 0.0100% / 8h	7h 35m	$1.4M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against MEXC. 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 MEXCbpFee GRVTbpOrdersPrice spread, now +1.375%Rate

Funding earned: $0
Price spread: +1.375% → +0.012%: $136.34
Slippage, 4 orders: −$20.63
Fee MEXC: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $106.71
Costs to cover: 0.296%
Break-even: from the start

Slippage from MEXC: live order book, 3 min ago; GRVT: live order book, 2 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 MEXC live order book, 3 min ago	1.17 bp	3.3 bp −$3	8.6 bp −$86	42.5 bp −$4,248	71.5 bp −$35.8K
Sell GRVT live order book, 2 min ago	3.53 bp	13.2 bp −$13	28.5 bp −$285	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	4.2248	+0.184%	$2K	—	20x	as long as short
Bybit NEARUSDT	−0.0170%	8h	4.2100	−0.166%	$213.6M	$418.0M	75x	as long as short
Kraken Futures PF_NEARUSD	−0.0133%	1h	4.2315	+0.344%	$7.2M	$37.4M	50x	as long as short
Gate NEAR_USDT	−0.0130%	8h	4.2150	−0.047%	$30.3M	$59.1M	75x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2347	+0.420%	$2.2M	$13.0M	50x	as long as short
01 Exchange NEARUSD	−0.0032%	1h	4.2250	+0.190%	$12K	$7K	10x	as long as short
Variational Omni NEAR	−0.0004%	8h	4.2298	+0.305%	$7.9M	$18.8M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2324	+0.365%	$110K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2336	+0.394%	$417K	$18.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2338	+0.398%	$200K	—	150x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−1.802%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2240	+0.166%	$110K	$481K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2397	+0.538%	$56K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2278	+0.255%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2224	+0.129%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2321	+0.359%	$396K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2155	−0.034%	$249.8M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2110	−0.142%	$59.7M	$274.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2280	+0.261%	$194K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2709	+1.279%	$243K	−$0	10x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.2170	long leg	$76.1M	$139.5M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.2260	+0.213%	$55.3M	$43.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2138	−0.076%	$70.0M	$124.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2140	−0.071%	—	$141.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2741	+1.354%	$275K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perpshort	+0.0100%	8h	4.2750	+1.375%	$1.4M	$1.3M	10x
ApeX Omni NEARUSDT	+0.0100%	1h	4.2800	+1.494%	$179K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2268	+0.232%	$190K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2410	+0.569%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2330	+0.379%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2320	+0.356%	$451K	$3.6M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2168	−0.006%	$3.8M	$17.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2350	+0.427%	$197K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0152%	1h	4.2248	+0.185%	$355.7M	$302.0M	10x	as long as short
Phemex NEARUSDT	+0.0212%	8h	4.2310	+0.332%	$3.8M	$8.6M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2470	+0.711%	$13.1M	$28.6M	75x	as long as short
Lighter RH NEAR	+0.0328%	1h	4.2374	+0.484%	$1.6M	$6.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0371% / S −0.0308%	1h	4.2351	+0.429%	$269K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0387%	1h	4.2414	+0.579%	$1.9M	$3.2M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0398%	1h	4.2242	+0.171%	$1.4M	$5.7M	20x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2261	+0.215%	$399K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2790	+1.470%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0536%	1h	4.2245	+0.178%	$1.8M	$3.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1336%	1h	4.2684	+1.220%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1936%	1h	4.2372	+0.480%	$16.9M	$24.0M	15x	as long as short