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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0342%/8h= −37.5% APRnext payment $0.43 per $10,000 · paid last 24h −0.107%
Price spread now: dYdX against GMX+0.096%7-day average −0.002% · you sell dearer than you buy
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 4 days (all we have)−0.339%−$34 on $10k
Price spread, last 4 days (all we have)−0.505%−$51 · spread now +0.096%, 7d avg −0.002%
Together, before fees−0.845%−$84 on $10k · with fees, hour by hour
The price spread pays, funding is against you. dYdX is 0.099% dearer against GMX than usual: you sell high and buy low (spread +0.096% now, against its 7-day average of −0.002%): +$10 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 23 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX NEAR/USD [ETH-USDC]4.5004L +0.0342% / S −0.0235%pay 0.0043% / 1h14m 52s$260K100x
ShortdYdX NEAR-USD4.50480get 0.0000% / 1h14m 52s$110K$53K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against GMX. 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
−$71.84
Price spread: +0.096% → −0.002%
$9.87
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$83.97
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; dYdX: live order book, 37 min ago. 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 GMX no order-book sample
Sell dYdX live order book, 37 min ago75.26 bp80.3 bp −$8086.0 bp −$860198.6 bp −$19.9K578.6 bp −$289.3K
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 exchanges

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%1h4.5136+0.292%$2K20xas long as short
Kraken Futures PF_NEARUSD−0.0140%1h4.5123+0.264%$7.4M$37.9M50xas long as short
dYdX NEAR-USDshort0.0000%1h4.5048+0.096%$110K$53K10x
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.5087+0.185%$169K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.986%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.5150+0.324%$124K$522K50xas long as short
Aster NEARUSDT+0.0100%8h4.5119+0.254%$2.7M$4.8M50xas long as short
Binance NEARUSDT+0.0100%8h4.5130+0.280%$274.3M$1.10B75xas long as short
Bybit NEARUSDT+0.0100%8h4.5110+0.235%$234.3M$433.4M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.5090+0.191%$64.6M$310.6M50xas long as short
Show all 45 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus NEAR-USD+0.0100%1h4.5110+0.235%$232K$1.4M10xas long as short
Bulk NEAR-USD+0.0100%1h4.5102+0.217%$269K$12K10xas long as short
Gate NEAR_USDT+0.0100%8h4.5104+0.222%$39.9M$63.4M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.5150+0.324%$78.4M$172.1M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.5140+0.302%$53.5M$45.1M75xas long as short
Bitget NEARUSDT+0.0100%8h4.5069+0.144%$74.7M$130.0M75xas long as short
BingX NEAR-USDT+0.0100%8h4.5120+0.257%$78.4Mas long as short
Variational Omni NEAR+0.0100%8h4.5025+0.047%$9.0M$17.5Mas long as short
edgeX NEARUSDC+0.0100%4h4.5132+0.284%$267K$870K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.5070+0.146%$1.5M$1.7M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.5120+0.257%$168K$827K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.5168+0.364%$283K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.5170+0.368%$59K$269K20xas long as short
SunX NEAR-USDT+0.0100%8h4.5150+0.324%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.5145+0.313%$5K$40K10xas long as short
HTX NEAR-USDT+0.0100%8h4.5130+0.280%$469K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.5140+0.302%$3.4M$8.0M50xas long as short
Paradex NEAR-USD-PERP+0.0103%8h4.5044+0.089%$33K$5110xas long as short
Extended NEAR-USD+0.0104%1h4.5111+0.238%$3.8M$15.1M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.5146+0.314%$210K$38K3xas long as short
Kalshi KXNEARPERP+0.0107%8h4.5135+0.291%$815K$26.3M2.2xas long as short
01 Exchange NEARUSD+0.0160%1h4.5157+0.340%$13K$5K10xas long as short
BloFin NEAR-USDT+0.0220%8h4.5150+0.324%$13.0M$33.0M75xas long as short
Hyperliquid NEAR+0.0294%1h4.5132+0.284%$364.2M$324.2M10xas long as short
Lighter NEAR+0.0304%1h4.5158+0.342%$17.6M$23.8M15xas long as short
GMX NEAR/USD [ETH-USDC]longL +0.0342% / S −0.0235%1h4.5004long leg$260K100x
Nado NEAR-PERP+0.0422%1h4.5115+0.246%$1.7M$3.2M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0520%1h4.5171+0.371%$2.3M$17.8M50xas long as short
RISEx NEAR/USDC+0.0569%1h4.5105+0.223%$643K$1.6M10xas long as short
Lighter RH NEAR+0.0648%1h4.5197+0.428%$1.6M$6.1M10xas long as short
Backpack NEAR_USDC_PERP+0.0714%1h4.5192+0.417%$1.1M$7.0M20xas long as short
Phoenix NEAR+0.0851%1h4.5254+0.555%$1.7M$2.5M10xas long as short
Pacifica NEAR+0.0883%1h4.5086+0.182%$418K$1.4M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0946%1h4.5197+0.428%$1.9M$13.1M25xas long as short
Aftermath Perps NEARUSD+0.1177%1h4.5178+0.385%$6K$7K10xas long as short