Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h 0.000%

Price spread now: GRVT against Polymarket Perps+0.070%7-day average −0.025% · 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−$22as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on Polymarket Perps Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 7 days−0.085%−$8 · spread now +0.070%, 7d avg −0.025%

Together, before fees−0.056%+ Points / potential airdropGRVT: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and GRVT is 0.095% dearer against Polymarket Perps than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NEAR-USD	4.4296	0.0100	pay 0.0013% / 1h	33m 17s	$300K	$4.1M	10x
Short	GRVT NEAR_USDT_Perp	4.4327	0.0114	get 0.0114% / 8h	1h 33m	$1.5M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Polymarket Perps. 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 Polymarket PerpsbpFee GRVTbpOrdersPrice spread, now +0.070%Rate

Funding earned: $2.94
Price spread: +0.070% → −0.025%: $9.5
Slippage, 4 orders: −$14.22
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$18.78
Costs to cover: 0.312%
Break-even: 51.7 days

Slippage from Polymarket Perps: live order book, 6 min ago; GRVT: live order book, 4 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 Polymarket Perps live order book, 6 min ago	2.46 bp	6.9 bp −$7	11.1 bp −$111	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	3.39 bp	7.9 bp −$8	16.4 bp −$164	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	4.4268	−0.063%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4222	−0.168%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4250	−0.103%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.515%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4270	−0.059%	$111K	$493K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4293	−0.007%	$224.7M	$436.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4320	+0.054%	$62.6M	$298.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5008	+1.607%	$256K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4254	−0.095%	$35.5M	$61.3M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4290	−0.014%	$53.5M	$46.4M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4331	+0.079%	$73.3M	$127.2M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4297	+0.003%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4392	+0.217%	$259K	$964K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4380	+0.190%	$167K	$805K	50x	as long as short
Polymarket Perps NEAR-USDlong	+0.0100%	1h	4.4296	long leg	$300K	$4.1M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4350	+0.122%	$59K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4430	+0.303%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4320	+0.054%	$465K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4380	+0.190%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0105%	8h	4.4241	−0.124%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perpshort	+0.0114%	8h	4.4327	+0.070%	$1.5M	$1.5M	10x
Aevo NEAR-PERP	+0.0128%	1h	4.4365	+0.156%	$206K	$38K	3x	as long as short
BingX NEAR-USDC	+0.0190%	8h	4.4300	+0.009%	—	$6.6M	—	as long as short
SoDEX NEAR-USD	+0.0191%	1h	4.4365	+0.156%	$5K	$53K	10x	as long as short
MEXC NEAR_USDT	+0.0193%	8h	4.4300	+0.009%	$80.3M	$147.3M	200x	as long as short
Binance NEARUSDT	+0.0194%	8h	4.4310	+0.032%	$270.5M	$1.09B	75x	as long as short
Extended NEAR-USD	+0.0224%	1h	4.4314	+0.041%	$3.7M	$18.7M	25x	as long as short
Kalshi KXNEARPERP	+0.0279%	8h	4.4255	−0.093%	$1.1M	$25.2M	2.2x	as long as short
BloFin NEAR-USDT	+0.0314%	8h	4.4410	+0.257%	$13.7M	$32.8M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0197%	1h	4.4263	−0.074%	$234K	—	100x	as long as short
Aster NEARUSDT	+0.0319%	8h	4.4267	−0.065%	$2.8M	$5.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4400	+0.235%	$2.3M	$16.7M	50x	as long as short
01 Exchange NEARUSD	+0.0456%	1h	4.4313	+0.038%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0473%	1h	4.4279	−0.038%	$1.4M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0482%	1h	4.4313	+0.038%	$362.6M	$312.4M	10x	as long as short
Nado NEAR-PERP	+0.0601%	1h	4.4280	−0.036%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0658%	1h	4.4358	+0.140%	$7.3M	$38.4M	50x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4300	+0.009%	$225K	$1.6M	10x	as long as short
Lighter NEAR	+0.0880%	1h	4.4331	+0.080%	$17.4M	$25.1M	15x	as long as short
Lighter RH NEAR	+0.0912%	1h	4.4317	+0.047%	$1.5M	$6.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0991%	1h	4.4370	+0.167%	$1.9M	$13.1M	25x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4771	+1.072%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4275	−0.047%	$409K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4292	−0.008%	$667K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1275%	1h	4.4420	+0.279%	$6K	$12K	10x	as long as short