Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against OKX−1.221%81s7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as 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−$440.445% of the position

Long on OKX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 7 days+1.129%+$113 · spread now −1.221%, 7d avg +0.032%

Together, before fees+1.140%+ Points / potential airdropGRVT: Active · farm board+$114 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 1.254% cheaper against OKX than usual: you would sell low and buy high, −$125 on $10k if it goes back to its 7-day average of +0.032%. The two prices were read 81 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	OKX NEAR-USDT-SWAP	4.4210	0.0100	pay 0.0100% / 8h	7h 46m	$62.4M	$300.8M	50x
Short	GRVT NEAR_USDT_Perp	4.3670	0.0100	get 0.0100% / 8h	7h 46m	$1.4M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against OKX. 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 OKXbpFee GRVTbpOrdersPrice spread, now −1.221%Rate

Funding earned: $0
Price spread: −1.221% → +0.032%: −$125.36
Slippage, 4 orders: −$25.46
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$169.82
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from OKX: 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 OKX live order book, 3 min ago	1.14 bp	9.3 bp −$9	15.9 bp −$159	36.5 bp −$3,646	doesn't fit
Sell GRVT live order book, 2 min ago	2.27 bp	16.7 bp −$17	39.5 bp −$395	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
Phemex NEARUSDT	−0.1118%	8h	4.4250	+0.090%	$3.6M	$8.2M	50x	as long as short
Kraken Futures PF_NEARUSD	−0.0427%	1h	4.4263	+0.119%	$7.3M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4272	+0.139%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4187	−0.051%	$108K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4269	+0.134%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.333%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4200	−0.023%	$117K	$507K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4274	+0.146%	$2.8M	$4.8M	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4230	+0.045%	$225.1M	$430.8M	75x	as long as short
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.4210	long leg	$62.4M	$300.8M	50x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.4190	−0.045%	$231K	$1.5M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	−1.040%	$252K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4255	+0.102%	$36.8M	$61.8M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4270	+0.136%	$53.3M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4219	+0.020%	$72.9M	$128.3M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3688	−1.181%	$9.0M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3658	−1.248%	$253K	$895K	20x	as long as short
GRVT NEAR_USDT_Perpshort	+0.0100%	8h	4.3670	−1.221%	$1.4M	$1.6M	10x
ApeX Omni NEARUSDT	+0.0100%	1h	4.3680	−1.199%	$167K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4220	+0.023%	$276K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4262	+0.118%	$59K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4330	+0.271%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4275	+0.147%	$5K	$50K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.4184	−0.059%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4249	+0.088%	$3.7M	$16.0M	25x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.4269	+0.134%	$206K	$40K	3x	as long as short
MEXC NEAR_USDT	+0.0120%	8h	4.4280	+0.158%	$92.9M	$155.0M	200x	as long as short
Binance NEARUSDT	+0.0122%	8h	4.4280	+0.158%	$267.2M	$1.09B	75x	as long as short
BingX NEAR-USDT	+0.0132%	8h	4.4210	0.000%	—	$83.4M	—	as long as short
Kalshi KXNEARPERP	+0.0151%	8h	4.4198	−0.027%	$883K	$25.3M	2.2x	as long as short
Hyperliquid NEAR	+0.0170%	1h	4.4260	+0.113%	$357.6M	$318.4M	10x	as long as short
Nado NEAR-PERP	+0.0237%	1h	4.4266	+0.128%	$1.7M	$3.2M	10x	as long as short
BloFin NEAR-USDT	+0.0241%	8h	4.4080	−0.294%	$12.7M	$32.6M	75x	as long as short
01 Exchange NEARUSD	+0.0280%	1h	4.4241	+0.070%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0350% / S −0.0251%	1h	4.4244	+0.077%	$259K	—	100x	as long as short
Lighter RH NEAR	+0.0408%	1h	4.4324	+0.258%	$1.5M	$6.4M	10x	as long as short
HTX NEAR-USDT	+0.0484%	8h	4.4380	+0.385%	$469K	$3.8M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.4303	+0.210%	$2.3M	$17.4M	50x	as long as short
Lighter NEAR	+0.0488%	1h	4.4340	+0.295%	$17.5M	$23.8M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.0613%	1h	4.4257	+0.106%	$1.1M	$7.2M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.4270	+0.135%	$599K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.4201	−0.021%	$417K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.3729	−1.088%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1058%	1h	4.3836	−0.845%	$5K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1875%	1h	4.4339	+0.292%	$1.9M	$13.1M	25x	as long as short