Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0145%/8h= +15.9% APRpaid last 24h +0.060%

Price spread now: GMX against Gate+0.091%7-day average +0.020% · you sell dearer than you buy

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

Long on Gate 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 4 days (all we have)+0.812%+$81 · spread now +0.091%, 7d avg +0.020%

Together, before fees+1.061%+$106 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 0.071% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.4239	0.0100	pay 0.0100% / 8h	5h 28m	$32.0M	$62.9M	75x
Short	GMX NEAR/USD [ETH-USDC]	4.4279	L +0.0352% / S −0.0245%	get 0.0031% / 1h	28m 25s	$261K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now +0.091%Rate

Funding earned: $30.5
Price spread: +0.091% → +0.020%: $7.09
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $10.59
Costs to cover: 0.270%
Break-even: 4.6 days

Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago	3.27 bp	14.3 bp −$14	26.9 bp −$269	41.4 bp −$4,138	59.9 bp −$29.9K
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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya NEARRUSDPERP	−0.0171%	1h	4.4257	+0.041%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4291	+0.118%	$2.2M	$14.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4269	+0.068%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4412	+0.391%	$606K	$19.7M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.4295	+0.127%	$1.9M	$4.4M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4268	+0.066%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.395%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4300	+0.138%	$116K	$490K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4277	+0.085%	$418K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4282	+0.096%	$268.8M	$1.08B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.4239	0.000%	$222.3M	$419.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4220	−0.043%	$63.5M	$293.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	+0.411%	$253K	−$0	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.4239	long leg	$32.0M	$62.9M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.4270	+0.070%	$76.5M	$143.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4270	+0.070%	$55.5M	$44.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4246	+0.016%	$72.9M	$127.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4260	+0.047%	—	$145.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4186	−0.120%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4477	+0.539%	$267K	$989K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4180	−0.133%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4160	−0.179%	$172K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4310	+0.160%	$212K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4257	+0.041%	$61K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4310	+0.160%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4280	+0.093%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4520	+0.635%	$463K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4340	+0.228%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4255	+0.037%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4243	+0.008%	$3.8M	$18.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4290	+0.115%	$206K	$34K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4520	+0.635%	$13.7M	$31.7M	75x	as long as short
Aster NEARUSDT	+0.0242%	8h	4.4301	+0.141%	$3.0M	$5.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]short	L +0.0352% / S −0.0245%	1h	4.4279	+0.091%	$261K	—	100x
01 Exchange NEARUSD	+0.0376%	1h	4.4292	+0.120%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0401%	1h	4.4275	+0.081%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4310	+0.160%	$211K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0564%	1h	4.4416	+0.400%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0696%	1h	4.4280	+0.093%	$8.2M	$40.9M	50x	as long as short
Hyperliquid NEAR	+0.0711%	1h	4.4325	+0.194%	$369.1M	$309.2M	10x	as long as short
Lighter RH NEAR	+0.0712%	1h	4.4331	+0.208%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4463	+0.506%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4321	+0.185%	$554K	$1.3M	10x	as long as short
Lighter NEAR	+0.1272%	1h	4.4343	+0.236%	$17.7M	$25.9M	15x	as long as short
Aftermath Perps NEARUSD	+0.1655%	1h	4.4295	+0.127%	$6K	$12K	10x	as long as short