Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0144%/8h= +15.7% APRpaid last 24h +0.060%

Price spread now: GMX against edgeX+0.269%7-day average −0.011% · you sell dearer than you buy

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

Long on edgeX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.249%+$25 on $10k

Price spread, last 3 days (all we have)−0.368%−$37 · spread now +0.269%, 7d avg −0.011%

Together, before fees−0.119%+ Points / potential airdropedgeX: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.281% dearer against edgeX than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.3800	0.0100	pay 0.0050% / 4h	1h 51m	$268K	$994K	20x
Short	GMX NEAR/USD [ETH-USDC]	4.3918	L +0.0349% / S −0.0244%	get 0.0030% / 1h	51m 18s	$257K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against edgeX. 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 edgeXbpFee GMXbpOrdersPrice spread, now +0.269%Rate

Funding earned: $30.2
Price spread: +0.269% → −0.011%: $28.06
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $37.26
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: edgeX: live order book, 2 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 2 min ago	6.86 bp	12.4 bp −$12	32.1 bp −$321	doesn't fit	doesn'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 44 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	4.3913	+0.256%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3764	−0.083%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3879	+0.180%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3858	+0.131%	$550K	$19.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3918	+0.270%	$199K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.458%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3920	+0.273%	$115K	$483K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3954	+0.351%	$415K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3945	+0.330%	$266.8M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3924	+0.282%	$222.0M	$416.8M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3930	+0.296%	$62.5M	$290.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	−0.328%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3921	+0.275%	$31.6M	$61.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3950	+0.341%	$75.9M	$139.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3940	+0.319%	$54.8M	$43.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3924	+0.282%	$72.1M	$126.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3910	+0.250%	—	$144.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3808	+0.017%	$8.4M	$18.2M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.3800	long leg	$268K	$994K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3770	−0.069%	$1.4M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3790	−0.024%	$195K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3957	+0.357%	$206K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3955	+0.353%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4080	+0.638%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4065	+0.604%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4160	+0.821%	$462K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4060	+0.593%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3977	+0.402%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3917	+0.266%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3942	+0.323%	$205K	$34K	3x	as long as short
Aster NEARUSDT	+0.0202%	8h	4.3960	+0.364%	$3.0M	$5.5M	50x	as long as short
Nado NEAR-PERP	+0.0342%	1h	4.3898	+0.222%	$1.9M	$3.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]short	L +0.0349% / S −0.0244%	1h	4.3918	+0.269%	$257K	—	100x
01 Exchange NEARUSD	+0.0408%	1h	4.3943	+0.325%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3920	+0.273%	$209K	$1.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0478%	1h	4.3974	+0.396%	$1.9M	$4.3M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0698%	1h	4.4129	+0.750%	$1.4M	$6.4M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0699%	1h	4.4104	+0.694%	$8.2M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0776%	1h	4.3952	+0.346%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0810%	1h	4.3993	+0.438%	$370.6M	$304.1M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3944	+0.328%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3923	+0.280%	$554K	$1.3M	10x	as long as short
Lighter NEAR	+0.1056%	1h	4.3991	+0.434%	$17.6M	$25.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1671%	1h	4.3812	+0.026%	$6K	$12K	10x	as long as short