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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0213%/8h= −23.3% APRpaid last 24h +0.057%
Price spread now: HTX against GMX+0.111%52s7-day average +0.247% · 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 3 days (all we have)+0.148%+$15 on $10k
Price spread, last 4 days (all we have)+0.170%+$17 · spread now +0.111%, 7d avg +0.247%
Together, before fees+0.318%+$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and HTX is 0.136% cheaper against GMX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.247%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.148%, so the current rate has only just turned against you. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX NEAR/USD [ETH-USDC]4.3772L +0.0313% / S −0.0201%pay 0.0039% / 1h9m 17s$234K100x
ShortHTX NEAR-USDT4.38200.0100get 0.0100% / 8h2h 09m$474K$3.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
−$44.7
Price spread: +0.111% → +0.247%
−$13.65
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$82.35
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; HTX: live order book, 5 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 HTX live order book, 5 min ago8.01 bp19.4 bp −$1938.1 bp −$381doesn't fitdoesn'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%1h4.3804+0.073%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3820+0.110%$108K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3778+0.014%$165K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.395%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3810+0.088%$116K$497K50xas long as short
Bybit NEARUSDT+0.0100%8h4.3797+0.058%$219.2M$421.7M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3790+0.042%$62.0M$291.2M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3500−0.620%$248K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3797+0.058%$33.2M$60.9M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3830+0.134%$52.9M$45.9M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.3787+0.035%$71.8M$126.2M75xas long as short
Variational Omni NEAR+0.0100%8h4.3607−0.375%$8.8M$18.4Mas long as short
edgeX NEARUSDC+0.0100%4h4.3652−0.273%$255K$963K20xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3834+0.143%$283K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3821+0.113%$57K$243K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3880+0.248%$2K$1.3M20xas long as short
HTX NEAR-USDTshort+0.0100%8h4.3820+0.111%$474K$3.9M75x
Phemex NEARUSDT+0.0100%8h4.3830+0.134%$3.6M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.3811+0.090%$32K$60810xas long as short
GRVT NEAR_USDT_Perp+0.0102%8h4.3673−0.224%$1.4M$1.5M10xas long as short
Aevo NEAR-PERP+0.0112%1h4.3835+0.145%$204K$37K3xas long as short
BingX NEAR-USDC+0.0116%8h4.3810+0.088%$6.7Mas long as short
MEXC NEAR_USDT+0.0125%8h4.3840+0.156%$83.7M$146.1M200xas long as short
Binance NEARUSDT+0.0130%8h4.3830+0.134%$266.7M$1.09B75xas long as short
BloFin NEAR-USDT+0.0245%8h4.3630−0.323%$13.3M$32.1M75xas long as short
Coinbase International NEAR-PERP-INTX+0.0256%1h4.3881+0.250%$2.3M$16.3M50xas long as short
GMX NEAR/USD [ETH-USDC]longL +0.0313% / S −0.0201%1h4.3772long leg$234K100x
Kalshi KXNEARPERP+0.0313%8h4.3749−0.051%$1.0M$24.6M2.2xas long as short
Aster NEARUSDT+0.0339%8h4.3820+0.111%$2.8M$5.2M50xas long as short
Nado NEAR-PERP+0.0398%1h4.3825+0.122%$1.7M$3.2M10xas long as short
ApeX Omni NEARUSDT+0.0417%1h4.3640−0.300%$167K$796K50xas long as short
Extended NEAR-USD+0.0480%1h4.3778+0.014%$3.7M$19.3M25xas long as short
SoDEX NEAR-USD+0.0525%1h4.3825+0.122%$5K$52K10xas long as short
Hyperliquid NEAR+0.0664%1h4.3858+0.198%$360.1M$309.4M10xas long as short
Backpack NEAR_USDC_PERP+0.0688%1h4.3915+0.328%$1.3M$6.6M20xas long as short
01 Exchange NEARUSD+0.0720%1h4.3856+0.193%$13K$7K10xas long as short
Kraken Futures PF_NEARUSD+0.0722%1h4.3806+0.079%$7.4M$39.1M50xas long as short
Arcus NEAR-USD+0.0814%1h4.3850+0.179%$227K$1.6M10xas long as short
Pacifica NEAR+0.0847%1h4.3865+0.213%$402K$1.4M10xas long as short
Lighter NEAR+0.0912%1h4.3904+0.302%$17.2M$25.2M15xas long as short
Phoenix NEAR+0.1033%1h4.3931+0.364%$1.8M$2.5M10xas long as short
Lighter RH NEAR+0.1104%1h4.3908+0.312%$1.5M$7.4M10xas long as short
RISEx NEAR/USDC+0.1220%1h4.3844+0.165%$687K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1289%1h4.3581−0.434%$5K$12K10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1326%1h4.3843+0.163%$1.9M$11.9M25xas long as short