Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0228%/8h= +25.0% APRnext payment +$0.28 per $10,000 · paid last 24h +0.074%
Price spread now: GMX against Pacifica−0.089%7-day average −0.044% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.234%+$23 on $10k
Price spread, last 3 days (all we have)+0.124%+$12 · spread now −0.089%, 7d avg −0.044%
Together, before fees+0.358%+ Points / potential airdropPacifica: Active · farm board+$36 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.045% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of −0.044%). If the spread goes back, that is −$5 on $10k: about 16 hours of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica NEAR4.18290.0100pay 0.0013% / 1h34m 13s$362K$1.2M10x
ShortGMX NEAR/USD [ETH-USDC]4.1792L +0.0381% / S −0.0328%get 0.0041% / 1h34m 13s$282K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Pacifica. 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

Funding earned
$47.87
Price spread: −0.089% → −0.044%
−$4.54
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee GMX: 6 bp × 2 orders
−$12
Net
$23.33
Costs to cover
0.200%
Break-even
3.6 days
Slippage unknown: Pacifica: live order book, 5 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
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 5 min ago2.17 bp6.5 bp −$6doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.1770−0.141%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0032%1h4.1807−0.053%$2.1M$12.7M50xas long as short
Injective NEAR/USDC PERP−0.0002%1h4.1410−1.002%$578$302K12xas long as short
dYdX NEAR-USD0.0000%1h4.1828−0.003%$108K$58K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.1810−0.046%$431K$18.5M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.1794−0.084%$207K150xas long as short
Kraken Futures PF_NEARUSD+0.0048%1h4.1838+0.020%$7.6M$36.8M50xas long as short
01 Exchange NEARUSD+0.0072%1h4.1791−0.091%$12K$7K10xas long as short
Lighter RH NEAR+0.0096%1h4.1862+0.078%$1.5M$6.9M10xas long as short
Popdex NEARUSDT+0.0096%1h4.1790−0.094%$111K$483K50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_NEAR_USDC+0.0099%8h4.1800−0.070%$54K$157K20xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.1815−0.034%$30K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.1838+0.022%$3.0M$5.7M50xas long as short
Pacifica NEARlong+0.0100%1h4.1829long leg$362K$1.2M10x
Binance NEARUSDT+0.0100%8h4.1821−0.020%$239.1M$1.07B75xas long as short
Bybit NEARUSDT+0.0100%8h4.1810−0.046%$213.1M$423.0M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.1810−0.046%$57.3M$276.4M50xas long as short
Arcus NEAR-USD+0.0100%1h4.1830+0.002%$310K$1.6M10xas long as short
Bulk NEAR-USD+0.0100%1h4.1500−0.787%$236K$4K10xas long as short
Gate NEAR_USDT+0.0100%8h4.1835+0.014%$30.0M$57.3M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.1830+0.002%$82.3M$141.6M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.1840+0.026%$55.1M$44.4M75xas long as short
Bitget NEARUSDT+0.0100%8h4.1822−0.017%$69.5M$125.3M75xas long as short
BingX NEAR-USDC+0.0100%8h4.1810−0.046%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.1530−0.715%$7.7M$18.4Mas long as short
edgeX NEARUSDC+0.0100%4h4.1507−0.771%$237K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.1549−0.669%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.1510−0.763%$182K$789K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.1821−0.020%$207K$3.2M10xas long as short
SunX NEAR-USDT+0.0100%8h4.1840+0.026%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.1810−0.046%$5K$46K10xas long as short
Phemex NEARUSDT+0.0100%8h4.1810−0.046%$3.8M$8.2M50xas long as short
Extended NEAR-USD+0.0104%1h4.1790−0.094%$3.8M$14.7M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.1795−0.082%$201K$62K3xas long as short
Lighter NEAR+0.0208%1h4.1888+0.140%$16.0M$23.2M15xas long as short
BloFin NEAR-USDT+0.0220%8h4.1830+0.002%$12.3M$33.5M75xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0228%1h4.1824−0.013%$1.8M$2.1M25xas long as short
Hyperliquid NEAR+0.0299%1h4.1882+0.126%$353.3M$298.5M10xas long as short
RISEx NEAR/USDC+0.0364%1h4.1811−0.045%$411K$1.2M10xas long as short
GMX NEAR/USD [ETH-USDC]shortL +0.0381% / S −0.0328%1h4.1792−0.089%$282K100x
Backpack NEAR_USDC_PERP+0.0438%1h4.1869+0.095%$1.2M$5.7M20xas long as short
Nado NEAR-PERP+0.0531%1h4.1755−0.177%$1.8M$3.5M10xas long as short
Phoenix NEAR+0.0542%1h4.1571−0.617%$1.7M$2.7M10xas long as short
Aftermath Perps NEARUSD+0.0822%1h4.1650−0.428%$5K$11K10xas long as short
HTX NEAR-USDT+0.0986%8h4.1930+0.241%$450K$3.6M75xas long as short