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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0007%/8h= +0.8% APRnext payment +$0.01 per $10,000 · paid last 24h −0.072%
Price spread now: SoDEX against GMX+0.048%55s7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.048% dearer against GMX than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 55 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]4.2885L +0.0322% / S −0.0198%pay 0.0040% / 1h4m 29s$232K100x
ShortSoDEX NEAR-USD4.29050.0329get 0.0041% / 1h4m 29s$6K$53K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$1.45
Price spread: +0.048% → 0.000%
$4.76
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$13.79
Costs to cover
0.200%
Break-even
73.5 days
Slippage unknown: GMX: no order-book sample; SoDEX: 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell SoDEX no order-book sample
GMX and SoDEX: 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%1h4.2909+0.058%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.2946+0.144%$106K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.2893+0.020%$161K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.438%$578$301K12xas long as short
Coinbase International NEAR-PERP-INTX+0.0056%1h4.2921+0.085%$2.3M$15.7M50xas long as short
Popdex NEARUSDT+0.0096%1h4.2910+0.059%$110K$501K50xas long as short
Binance NEARUSDT+0.0100%8h4.2940+0.129%$262.3M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.2902+0.041%$212.6M$426.2M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2880−0.011%$60.7M$285.1M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3449+1.316%$248K−$010xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0100%8h4.2889+0.010%$31.9M$62.6M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.2940+0.129%$73.4M$147.6M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2950+0.153%$53.3M$45.7M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2903+0.043%$71.0M$127.4M75xas long as short
BingX NEAR-USDC+0.0100%8h4.2910+0.059%$6.7Mas long as short
Variational Omni NEAR+0.0100%8h4.2987+0.240%$8.1M$17.9Mas long as short
edgeX NEARUSDC+0.0100%4h4.3144+0.605%$252K$948K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3190+0.712%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3190+0.712%$166K$794K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2947+0.146%$268K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.2903+0.043%$57K$246K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3020+0.316%$2K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3000+0.269%$461K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.2950+0.153%$3.6M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.2926+0.096%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.2915+0.071%$200K$37K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.2990+0.246%$13.4M$31.7M75xas long as short
Kalshi KXNEARPERP+0.0261%8h4.2912+0.064%$781K$23.9M2.2xas long as short
Pacifica NEAR+0.0263%1h4.2979+0.220%$397K$1.3M10xas long as short
GMX NEAR/USD [ETH-USDC]longL +0.0322% / S −0.0198%1h4.2885long leg$232K100x
SoDEX NEAR-USDshort+0.0329%1h4.2905+0.048%$6K$53K10x
Aster NEARUSDT+0.0332%8h4.2930+0.106%$2.8M$5.5M50xas long as short
01 Exchange NEARUSD+0.0528%1h4.2956+0.167%$13K$7K10xas long as short
Extended NEAR-USD+0.0560%1h4.2935+0.118%$3.7M$19.8M25xas long as short
Backpack NEAR_USDC_PERP+0.0563%1h4.2974+0.209%$1.3M$6.8M20xas long as short
Nado NEAR-PERP+0.0568%1h4.2905+0.048%$1.8M$3.1M10xas long as short
Hyperliquid NEAR+0.0570%1h4.2934+0.115%$351.5M$313.0M10xas long as short
Arcus NEAR-USD+0.0627%1h4.2990+0.246%$211K$1.6M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0659%1h4.2930+0.106%$1.9M$9.9M25xas long as short
Kraken Futures PF_NEARUSD+0.0718%1h4.2904+0.045%$7.5M$38.9M50xas long as short
Lighter RH NEAR+0.0920%1h4.3008+0.288%$1.5M$7.4M10xas long as short
Phoenix NEAR+0.0941%1h4.3300+0.969%$1.8M$2.8M10xas long as short
Lighter NEAR+0.1032%1h4.3038+0.358%$17.4M$25.1M15xas long as short
RISEx NEAR/USDC+0.1162%1h4.2947+0.145%$669K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1540%1h4.3126+0.563%$5K$12K10xas long as short