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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0092%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.028%
Price spread now: Popdex against gTrade (Gains Network)+0.278%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$262as in the Price arb table
costs, in and out, $10k−$2892.886% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.089%+$9 on $10k
Price spread, last 3 days (all we have)−0.370%−$37 · spread now +0.278%, 7d avg +0.013%
Together, before fees−0.282%−$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Popdex is 0.265% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) NEAR/USD4.3659L +0.0004% / S −0.0004%pay 0.0001% / 1h50m 14s$198K150x
ShortPopdex NEARUSDT4.37800.0096get 0.0012% / 1h50m 14s$115K$484K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex 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

Funding earned
$19.27
Price spread: +0.278% → +0.013%
$26.48
Slippage, 4 orders
−$272.18
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$242.83
Costs to cover
2.886%
Break-even
95.2 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 14 min ago; Popdex: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 14 min ago130.01 bp135.0 bp −$135875.9 bp −$8,7599405.5 bp −$940.5Kdoesn't fit
Sell Popdex live order book, 14 min ago2.29 bp7.5 bp −$854.5 bp −$545doesn't fitdoesn't fit

NEAR on 44 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%1h4.3678+0.044%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0016%1h4.3651−0.017%$2.2M$14.2M50xas long as short
dYdX NEAR-USD0.0000%1h4.3816+0.361%$108K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.3747+0.202%$545K$19.3M2.2xas long as short
gTrade (Gains Network) NEAR/USDlongL +0.0004% / S −0.0004%1h4.3659long leg$198K150x
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.150%$578$302K12xas long as short
Popdex NEARUSDTshort+0.0096%1h4.3780+0.278%$115K$484K50x
Pacifica NEAR+0.0100%1h4.3876+0.497%$414K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.3700+0.095%$265.3M$1.07B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3680+0.049%$220.8M$416.7M75xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.3670+0.026%$62.3M$288.4M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3657−0.004%$249K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3681+0.051%$31.4M$61.7M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3710+0.118%$75.4M$139.8M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3700+0.095%$54.5M$44.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3676+0.040%$71.7M$126.1M75xas long as short
BingX NEAR-USDC+0.0100%8h4.3690+0.072%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.3926+0.613%$8.5M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.3800+0.325%$268K$994K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3770+0.255%$1.4M$1.4M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3790+0.301%$195K$778K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3788+0.296%$205K$3.6M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3685+0.060%$60K$190K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3700+0.095%$1K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3675+0.038%$5K$51K10xas long as short
HTX NEAR-USDT+0.0100%8h4.3800+0.324%$458K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3690+0.072%$3.8M$8.1M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3858+0.457%$32K$60810xas long as short
Extended NEAR-USD+0.0104%1h4.3659+0.002%$3.8M$18.5M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.3691+0.075%$203K$34K3xas long as short
Aster NEARUSDT+0.0202%8h4.3730+0.164%$3.0M$5.5M50xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0231%1h4.3689+0.070%$1.9M$4.3M25xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0349% / S −0.0244%1h4.3643−0.035%$257K100xas long as short
Nado NEAR-PERP+0.0378%1h4.3730+0.164%$1.9M$3.0M10xas long as short
01 Exchange NEARUSD+0.0408%1h4.3787+0.294%$13K$7K10xas long as short
Arcus NEAR-USD+0.0410%1h4.3850+0.438%$209K$1.7M10xas long as short
Backpack NEAR_USDC_PERP+0.0670%1h4.3717+0.134%$1.4M$6.4M20xas long as short
Kraken Futures PF_NEARUSD+0.0705%1h4.3690+0.072%$8.1M$41.0M50xas long as short
Lighter RH NEAR+0.0776%1h4.3746+0.200%$1.6M$6.9M10xas long as short
Hyperliquid NEAR+0.0789%1h4.3751+0.212%$368.6M$304.4M10xas long as short
Phoenix NEAR+0.0855%1h4.3944+0.654%$1.8M$2.7M10xas long as short
RISEx NEAR/USDC+0.0924%1h4.3824+0.378%$552K$1.3M10xas long as short
Lighter NEAR+0.1040%1h4.3791+0.303%$17.5M$25.6M15xas long as short
Aftermath Perps NEARUSD+0.1702%1h4.3779+0.276%$6K$12K10xas long as short