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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0351%/8h= +38.5% APRnext payment +$0.44 per $10,000 · paid last 24h −0.068%
Price spread now: Extended against GMX−0.375%7-day average −0.041% · you buy dearer than you sell
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 3 days (all we have)−0.218%−$22 on $10k
Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.375%, 7d avg −0.041%
Together, before fees−0.263%+ Points / potential airdropExtended: Active · farm board−$26 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.334% cheaper against GMX than usual: you would sell low and buy high (spread −0.375% now, against its 7-day average of −0.041%). If the spread goes back, that is −$33 on $10k: about 3.2 days of funding at the current rate (+$11 a day). Mind the row above: over the last 3 days funding on this pair cost −0.218%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX NEAR/USD [ETH-USDC]4.3316L +0.0321% / S −0.0194%pay 0.0040% / 1h42m 45s$232K100x
ShortExtended NEAR-USD4.31540.0672get 0.0084% / 1h42m 45s$3.8M$19.8M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$73.79
Price spread: −0.375% → −0.041%
−$33.43
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$23.36
Costs to cover
0.170%
Break-even
4.8 days
Slippage unknown: GMX: no order-book sample; Extended: live order book, 1 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 Extended live order book, 1 min ago0.23 bp7.2 bp −$710.8 bp −$108940.6 bp −$94.1Kdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.3355+0.089%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3254−0.143%$107K$69K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3315−0.003%$162K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.401%$578$301K12xas long as short
Coinbase International NEAR-PERP-INTX+0.0056%1h4.3406+0.207%$2.3M$16.0M50xas long as short
Popdex NEARUSDT+0.0096%1h4.3360+0.101%$108K$502K50xas long as short
Binance NEARUSDT+0.0100%8h4.3237−0.183%$265.2M$1.10B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3195−0.280%$215.2M$427.7M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3190−0.291%$61.7M$290.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3400+0.194%$247K−$010xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0100%8h4.3170−0.337%$31.6M$60.8M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3240−0.176%$73.6M$144.5M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3310−0.014%$53.8M$46.3M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3149−0.386%$70.8M$128.7M75xas long as short
BingX NEAR-USDT+0.0100%8h4.3180−0.314%$146.2Mas long as short
Variational Omni NEAR+0.0100%8h4.3397+0.188%$8.4M$18.0Mas long as short
edgeX NEARUSDC+0.0100%4h4.3444+0.295%$254K$950K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3214−0.235%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3100−0.499%$166K$799K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3398+0.189%$262K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3356+0.092%$57K$246K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3450+0.309%$1K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3500+0.424%$462K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3370+0.124%$3.7M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3185−0.304%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.3350+0.078%$202K$37K3xas long as short
Kalshi KXNEARPERP+0.0130%8h4.3392+0.175%$654K$23.1M2.2xas long as short
BloFin NEAR-USDT+0.0220%8h4.3390+0.171%$13.8M$32.2M75xas long as short
Pacifica NEAR+0.0263%1h4.3278−0.089%$411K$1.2M10xas long as short
Aster NEARUSDT+0.0309%8h4.3275−0.095%$2.9M$5.6M50xas long as short
GMX NEAR/USD [ETH-USDC]longL +0.0321% / S −0.0194%1h4.3316long leg$232K100x
SoDEX NEAR-USD+0.0421%1h4.3318+0.004%$8K$49K10xas long as short
Backpack NEAR_USDC_PERP+0.0512%1h4.3350+0.078%$1.4M$6.5M20xas long as short
01 Exchange NEARUSD+0.0520%1h4.3423+0.247%$13K$7K10xas long as short
Hyperliquid NEAR+0.0614%1h4.3338+0.051%$355.9M$320.6M10xas long as short
Arcus NEAR-USD+0.0627%1h4.3240−0.176%$212K$1.6M10xas long as short
Extended NEAR-USDshort+0.0672%1h4.3154−0.375%$3.8M$19.8M25x
Nado NEAR-PERP+0.0697%1h4.3380+0.147%$1.8M$3.1M10xas long as short
Kraken Futures PF_NEARUSD+0.0711%1h4.3327+0.025%$7.6M$39.6M50xas long as short
Lighter RH NEAR+0.0888%1h4.3355+0.090%$1.5M$7.4M10xas long as short
Phoenix NEAR+0.0941%1h4.3302−0.033%$1.8M$2.8M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0997%1h4.3357+0.094%$2.0M$8.8M25xas long as short
Lighter NEAR+0.1152%1h4.3299−0.039%$17.5M$24.9M15xas long as short
RISEx NEAR/USDC+0.1162%1h4.3232−0.195%$654K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1582%1h4.3407+0.210%$5K$12K10xas long as short