Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.158%

Price spread now: HTX against gTrade (Gains Network)+0.186%7-day average +0.249% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$313as in the Price arb table

costs, in and out, $10k−$3073.067% of the position

Long on gTrade (Gains Network)Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.471%+$47 on $10k

Price spread, last 3 days (all we have)+0.031%+$3 · spread now +0.186%, 7d avg +0.249%

Together, before fees+0.502%+$50 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.063% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.186% now, against its 7-day average of +0.249%). If the spread goes back, that is −$6 on $10k: about 2.2 days of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.471% in total) that is about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) NEAR/USD	4.3020	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	1h 00m	$156K	—	150x
Short	HTX NEAR-USDT	4.3100	0.0100	get 0.0100% / 8h	7h 00m	$450K	$3.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee HTXbpOrdersPrice spread, now +0.186%Rate

Funding earned: $20.11
Price spread: +0.186% → +0.249%: −$6.3
Slippage, 4 orders: −$284.66
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$292.85
Costs to cover: 3.067%
Break-even: 108.9 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 9 min ago; HTX: 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 gTrade (Gains Network) virtual book (oracle venue), 9 min ago	130.01 bp	135.0 bp −$135	875.9 bp −$8,759	9405.5 bp −$940.6K	doesn't fit
Sell HTX live order book, 4 min ago	9.24 bp	16.9 bp −$17	63.2 bp −$632	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	4.2918	−0.237%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.3065	+0.104%	$7.9M	$37.9M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3004	−0.037%	$2.1M	$13.2M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2961	−0.137%	$379K	$18.8M	2.2x	as long as short
dYdX NEAR-USD	+0.0004%	1h	4.2931	−0.206%	$111K	$64K	10x	as long as short
gTrade (Gains Network) NEAR/USDlong	L +0.0004% / S −0.0004%	1h	4.3020	long leg	$156K	—	150x
Variational Omni NEAR	+0.0016%	8h	4.2957	−0.146%	$8.2M	$18.8M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.743%	$578	$302K	12x	as long as short
01 Exchange NEARUSD	+0.0056%	1h	4.2963	−0.133%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2950	−0.163%	$114K	$473K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3033	+0.030%	$57K	$162K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3038	+0.041%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2969	−0.119%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3121	+0.235%	$257.5M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3088	+0.158%	$219.5M	$416.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3090	+0.162%	$60.8M	$276.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2980	−0.093%	$204K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3243	+0.517%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3037	+0.039%	$30.8M	$61.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3060	+0.093%	$73.6M	$142.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3040	+0.046%	$55.5M	$42.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3087	+0.156%	$71.3M	$122.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3090	+0.162%	—	$142.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3202	+0.423%	$257K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3356	+0.781%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3200	+0.418%	$177K	$777K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2957	−0.147%	$207K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3090	+0.162%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3025	+0.011%	$5K	$51K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.3100	+0.186%	$450K	$3.7M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3030	+0.023%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2942	−0.182%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3056	+0.084%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3019	−0.003%	$200K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2890	−0.302%	$13.1M	$27.5M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0308%	1h	4.3007	−0.030%	$274K	—	100x	as long as short
Nado NEAR-PERP	+0.0427%	1h	4.2930	−0.209%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2981	−0.090%	$410K	$1.2M	10x	as long as short
Hyperliquid NEAR	+0.0473%	1h	4.3165	+0.337%	$365.8M	$302.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0493%	1h	4.3128	+0.251%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3191	+0.397%	$1.8M	$2.7M	10x	as long as short
Lighter RH NEAR	+0.0528%	1h	4.3099	+0.183%	$1.6M	$7.0M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0564%	1h	4.3038	+0.042%	$1.9M	$3.9M	25x	as long as short
Aftermath Perps NEARUSD	+0.1474%	1h	4.3151	+0.303%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1784%	1h	4.3119	+0.229%	$17.2M	$24.8M	15x	as long as short