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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0218%/8h= +23.9% APRnext payment +$0.27 per $10,000 · paid last 24h +0.076%
Price spread now: GMX against Popdex−0.049%7-day average −0.019% · 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)+0.246%+$25 on $10k
Price spread, last 3 days (all we have)+0.204%+$20 · spread now −0.049%, 7d avg −0.019%
Together, before fees+0.450%+$45 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.030% cheaper against Popdex than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of −0.019%). If the spread goes back, that is −$3 on $10k: about 11 hours of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex NEARUSDT4.29100.0096pay 0.0012% / 1h21m 21s$109K$496K50x
ShortGMX NEAR/USD [ETH-USDC]4.2889L +0.0376% / S −0.0314%get 0.0039% / 1h21m 21s$275K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Popdex. 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
$45.77
Price spread: −0.049% → −0.019%
−$3.03
Slippage, 4 orders
no order book: not counted
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee GMX: 6 bp × 2 orders
−$12
Net
$24.34
Costs to cover
0.184%
Break-even
3.3 days
Slippage unknown: Popdex: live order book, 57 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 Popdex live order book, 57 min ago2.37 bp8.6 bp −$943.6 bp −$436doesn'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%1h4.2882−0.065%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0072%1h4.2861−0.114%$2.3M$13.1M50xas long as short
dYdX NEAR-USD0.0000%1h4.2859−0.118%$111K$62K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.2799−0.259%$340K$18.7M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.2873−0.087%$202K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.496%$578$302K12xas long as short
Variational Omni NEAR+0.0056%8h4.2869−0.095%$7.9M$18.5Mas long as short
Bybit NEARUSDT+0.0059%8h4.2835−0.175%$218.5M$422.4M75xas long as short
01 Exchange NEARUSD+0.0080%1h4.2908−0.005%$13K$7K10xas long as short
Popdex NEARUSDTlong+0.0096%1h4.2910long leg$109K$496K50x
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_NEAR_USDC+0.0100%8h4.2866−0.103%$57K$194K20xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.2889−0.050%$31K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.2940+0.070%$3.0M$5.7M50xas long as short
Pacifica NEAR+0.0100%1h4.2864−0.108%$401K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.2889−0.048%$253.6M$1.08B75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2830−0.186%$61.0M$286.6M50xas long as short
Arcus NEAR-USD+0.0100%1h4.2900−0.023%$196K$1.8M10xas long as short
Bulk NEAR-USD+0.0100%1h4.2551−0.837%$242K$2K10xas long as short
Gate NEAR_USDT+0.0100%8h4.2890−0.047%$30.8M$59.9M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.2880−0.070%$78.4M$142.0M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2940+0.070%$55.8M$43.4M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2837−0.170%$71.1M$126.1M75xas long as short
BingX NEAR-USDC+0.0100%8h4.2870−0.093%$6.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.2658−0.587%$243K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2722−0.438%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.2690−0.513%$178K$791K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2933+0.054%$192K$3.4M10xas long as short
SunX NEAR-USDT+0.0100%8h4.2940+0.070%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.2850−0.140%$4K$54K10xas long as short
Phemex NEARUSDT+0.0100%8h4.2870−0.093%$3.8M$8.6M50xas long as short
Extended NEAR-USD+0.0104%1h4.2827−0.194%$3.9M$16.1M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.2850−0.140%$202K$66K3xas long as short
Kraken Futures PF_NEARUSD+0.0118%1h4.2899−0.025%$7.7M$37.6M50xas long as short
BloFin NEAR-USDT+0.0220%8h4.2880−0.070%$13.0M$29.4M75xas long as short
Lighter RH NEAR+0.0328%1h4.2916+0.014%$1.5M$7.0M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0356%1h4.2903−0.016%$1.9M$2.5M25xas long as short
GMX NEAR/USD [ETH-USDC]shortL +0.0376% / S −0.0314%1h4.2889−0.049%$275K100x
RISEx NEAR/USDC+0.0404%1h4.2913+0.008%$418K$1.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0457%1h4.2892−0.042%$1.4M$5.6M20xas long as short
Phoenix NEAR+0.0463%1h4.2601−0.720%$1.8M$2.7M10xas long as short
Nado NEAR-PERP+0.0688%1h4.2874−0.084%$1.9M$3.4M10xas long as short
Hyperliquid NEAR+0.0732%1h4.2967+0.133%$369.2M$298.6M10xas long as short
HTX NEAR-USDT+0.0801%8h4.2930+0.047%$462K$3.7M75xas long as short
Aftermath Perps NEARUSD+0.1149%1h4.2713−0.460%$5K$12K10xas long as short
Lighter NEAR+0.1696%1h4.2961+0.118%$16.5M$23.9M15xas long as short