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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0015%/8h= −1.6% APRnext payment $0.02 per $10,000 · paid last 24h +0.044%
Price spread now: GMX against 01 Exchange−0.170%47s7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and GMX is 0.170% cheaper against 01 Exchange than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange NEARUSD4.46120.0232pay 0.0029% / 1h42m 37s$13K$7K10x
ShortGMX NEAR/USD [ETH-USDC]4.4536L +0.0339% / S −0.0217%get 0.0027% / 1h42m 37s$249K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against 01 Exchange. 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
−$3.12
Price spread: −0.170% → 0.000%
−$16.96
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee GMX: 6 bp × 2 orders
−$12
Net
−$39.08
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange no order-book sample
Sell GMX no order-book sample
01 Exchange 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.4514−0.220%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0008%1h4.4509−0.231%$2.2M$15.4M50xas long as short
dYdX NEAR-USD0.0000%1h4.4687+0.169%$110K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4690+0.175%$619K$22.2M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4528−0.187%$166K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.177%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4600−0.027%$118K$518K50xas long as short
Pacifica NEAR+0.0100%1h4.4642+0.066%$427K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.4594−0.039%$272.7M$1.11B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4560−0.117%$223.2M$425.1M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4540−0.161%$63.4M$303.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4550−0.139%$254K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4656+0.099%$32.3M$63.1M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4680+0.152%$75.2M$147.8M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4710+0.220%$55.5M$46.2M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4646+0.076%$73.4M$130.5M75xas long as short
BingX NEAR-USDT+0.0100%8h4.4650+0.085%$147.3Mas long as short
Variational Omni NEAR+0.0100%8h4.4367−0.550%$8.6M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.4481−0.295%$267K$979K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4375−0.532%$1.5M$1.4M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4230−0.856%$170K$793K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4554−0.130%$241K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4545−0.150%$57K$237K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4630+0.040%$1K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4523−0.199%$8K$53K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4740+0.287%$466K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4500−0.251%$3.8M$8.4M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.4648+0.080%$32K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.4545−0.150%$207K$40K3xas long as short
Hyperliquid NEAR+0.0184%1h4.4654+0.094%$368.8M$327.0M10xas long as short
Extended NEAR-USD+0.0200%1h4.4616+0.010%$4.0M$19.6M25xas long as short
Backpack NEAR_USDC_PERP+0.0214%1h4.4507−0.235%$1.4M$6.6M20xas long as short
BloFin NEAR-USDT+0.0220%8h4.4550−0.139%$14.1M$33.2M75xas long as short
01 Exchange NEARUSDlong+0.0232%1h4.4612long leg$13K$7K10x
Aster NEARUSDT+0.0303%8h4.4603−0.021%$3.1M$5.5M50xas long as short
GMX NEAR/USD [ETH-USDC]shortL +0.0339% / S −0.0217%1h4.4536−0.170%$249K100x
Lighter RH NEAR+0.0456%1h4.4668+0.126%$1.6M$7.2M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0491%1h4.4556−0.126%$2.0M$6.8M25xas long as short
Nado NEAR-PERP+0.0511%1h4.4496−0.259%$1.9M$3.1M10xas long as short
Arcus NEAR-USD+0.0581%1h4.4700+0.197%$221K$1.8M10xas long as short
Kraken Futures PF_NEARUSD+0.0583%1h4.4513−0.222%$8.2M$40.2M50xas long as short
Lighter NEAR+0.0688%1h4.4680+0.153%$18.0M$26.2M15xas long as short
Phoenix NEAR+0.0794%1h4.4521−0.204%$1.8M$2.8M10xas long as short
RISEx NEAR/USDC+0.0926%1h4.4621+0.020%$564K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1554%1h4.4629+0.039%$6K$12K10xas long as short