Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.076%

Price spread now: Gate against GMX+0.047%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 GMX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.217%−$22 on $10k

Price spread, last 4 days (all we have)−0.949%−$95 · spread now +0.047%, 7d avg −0.020%

Together, before fees−1.166%−$117 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.067% dearer against GMX than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of −0.020%): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX NEAR/USD [ETH-USDC]	4.4279	L +0.0352% / S −0.0245%	pay 0.0044% / 1h	28m 03s	$261K	—	100x
Short	Gate NEAR_USDT	4.4300	0.0100	get 0.0100% / 8h	5h 28m	$32.1M	$62.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee GMXbpFee GatebpOrdersPrice spread, now +0.047%Rate

Funding earned: −$52.9
Price spread: +0.047% → −0.020%: $6.69
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$73.2
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GMX no order-book sample	—	—	—	—	—
Sell Gate live order book, 1 min ago	3.16 bp	18.7 bp −$19	26.7 bp −$267	44.2 bp −$4,424	60.0 bp −$30.0K

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	−0.050%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4291	+0.027%	$2.2M	$14.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4269	−0.023%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4345	+0.149%	$589K	$19.8M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.4295	+0.036%	$1.9M	$4.4M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4268	−0.025%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.480%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4300	+0.047%	$116K	$490K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4277	−0.005%	$418K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4329	+0.112%	$269.1M	$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	4.4309	+0.067%	$222.6M	$419.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4260	−0.043%	$63.6M	$293.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	+0.320%	$253K	−$0	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.4300	+0.047%	$32.1M	$62.9M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.4250	−0.066%	$76.5M	$143.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4310	+0.070%	$55.6M	$44.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4244	−0.079%	$72.9M	$127.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4320	+0.092%	—	$145.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4186	−0.211%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4477	+0.448%	$267K	$989K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4180	−0.224%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4160	−0.269%	$172K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4310	+0.070%	$212K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4257	−0.050%	$61K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4310	+0.070%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4280	+0.002%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4340	+0.137%	$461K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4270	−0.021%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4255	−0.054%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4256	−0.053%	$3.8M	$18.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4290	+0.024%	$206K	$34K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4520	+0.544%	$13.7M	$31.7M	75x	as long as short
Aster NEARUSDT	+0.0242%	8h	4.4320	+0.092%	$3.0M	$5.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]long	L +0.0352% / S −0.0245%	1h	4.4279	long leg	$261K	—	100x
01 Exchange NEARUSD	+0.0376%	1h	4.4292	+0.029%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0401%	1h	4.4275	−0.009%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4310	+0.070%	$211K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0550%	1h	4.4349	+0.158%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0696%	1h	4.4280	+0.002%	$8.2M	$40.9M	50x	as long as short
Hyperliquid NEAR	+0.0703%	1h	4.4352	+0.164%	$369.2M	$309.2M	10x	as long as short
Lighter RH NEAR	+0.0712%	1h	4.4377	+0.221%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4463	+0.415%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4321	+0.094%	$554K	$1.3M	10x	as long as short
Lighter NEAR	+0.1272%	1h	4.4332	+0.120%	$17.7M	$25.9M	15x	as long as short
Aftermath Perps NEARUSD	+0.1655%	1h	4.4295	+0.036%	$6K	$12K	10x	as long as short