Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0209%/8h= +22.8% APRpaid last 24h +0.068%

Price spread now: GMX against Paradex+0.161%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and GMX is 0.161% dearer against Paradex than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex NEAR-USD-PERP	4.2569	0.0099	pay 0.0099% / 8h	7h 30m	$31K	$647	10x
Short	GMX NEAR/USD [ETH-USDC]	4.2637	L +0.0373% / S −0.0308%	get 0.0038% / 1h	30m 54s	$272K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Paradex. 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 ParadexbpFee GMXbpOrdersPrice spread, now +0.161%Rate

Funding earned: $43.81
Price spread: +0.161% → 0.000%: $16.1
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: $43.91
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Paradex and 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	4.2605	+0.086%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0132%	1h	4.2651	+0.193%	$7.2M	$37.4M	50x	as long as short
Bybit NEARUSDT	−0.0106%	8h	4.2595	+0.062%	$215.1M	$415.7M	75x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2418	−0.354%	$2.2M	$12.8M	50x	as long as short
Gate NEAR_USDT	−0.0034%	8h	4.2596	+0.065%	$30.6M	$59.3M	75x	as long as short
01 Exchange NEARUSD	−0.0024%	1h	4.2619	+0.119%	$13K	$7K	10x	as long as short
Variational Omni NEAR	−0.0005%	8h	4.2608	+0.094%	$8.0M	$18.7M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2627	+0.137%	$110K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2591	+0.053%	$425K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2651	+0.194%	$203K	—	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	−2.722%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2610	+0.097%	$111K	$479K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2659	+0.213%	$57K	$193K	20x	as long as short
Paradex NEAR-USD-PERPlong	+0.0099%	8h	4.2569	long leg	$31K	$647	10x
Aster NEARUSDT	+0.0100%	8h	4.2625	+0.134%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2627	+0.138%	$399K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2606	+0.088%	$252.5M	$1.06B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2600	+0.074%	$59.9M	$277.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2610	+0.097%	$195K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2709	+0.331%	$243K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2590	+0.050%	$77.2M	$140.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2610	+0.097%	$55.9M	$42.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2570	+0.004%	$70.6M	$124.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2590	+0.050%	—	$141.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2143	−1.000%	$261K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2147	−0.990%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2320	−0.584%	$177K	$788K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2616	+0.112%	$203K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2670	+0.238%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2640	+0.168%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2720	+0.356%	$458K	$3.6M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2650	+0.191%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2558	−0.024%	$3.8M	$16.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2640	+0.168%	$199K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0150%	1h	4.2641	+0.170%	$357.2M	$304.1M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2620	+0.121%	$12.9M	$28.1M	75x	as long as short
Lighter RH NEAR	+0.0352%	1h	4.2701	+0.311%	$1.6M	$6.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]short	L +0.0373% / S −0.0308%	1h	4.2637	+0.161%	$272K	—	100x
Backpack NEAR_USDC_PERP	+0.0393%	1h	4.2651	+0.194%	$1.4M	$5.7M	20x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2639	+0.165%	$404K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0481%	1h	4.2575	+0.015%	$1.8M	$3.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2201	−0.863%	$1.7M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0547%	1h	4.2692	+0.290%	$1.9M	$3.3M	25x	as long as short
Aftermath Perps NEARUSD	+0.1322%	1h	4.2534	−0.081%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1904%	1h	4.2756	+0.441%	$17.1M	$24.1M	15x	as long as short