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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0106%/8h= +11.6% APRnext payment +$0.13 per $10,000 · paid last 24h +0.052%
Price spread now: GMX against Pacifica−0.019%7-day average −0.043% · 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)+0.246%+$25 on $10k
Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.019%, 7d avg −0.043%
Together, before fees+0.303%+ Points / potential airdropPacifica: Active · farm board+$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.024% dearer against Pacifica than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica NEAR4.41510.0100pay 0.0013% / 1h39m 09s$422K$1.2M10x
ShortGMX NEAR/USD [ETH-USDC]4.4142L +0.0329% / S −0.0206%get 0.0026% / 1h39m 09s$239K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Pacifica. 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
$22.17
Price spread: −0.019% → −0.043%
$2.4
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee GMX: 6 bp × 2 orders
−$12
Net
$4.58
Costs to cover
0.200%
Break-even
5.6 days
Slippage unknown: Pacifica: live order book, 5 min ago; GMX: 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 Pacifica live order book, 5 min ago2.57 bp6.9 bp −$7doesn't fitdoesn't fitdoesn't fit
Sell GMX no order-book sample
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%1h4.4137−0.030%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0008%1h4.4077−0.167%$2.2M$15.2M50xas long as short
dYdX NEAR-USD0.0000%1h4.4113−0.085%$109K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4180+0.067%$599K$22.0M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4149−0.004%$165K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−6.207%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4100−0.114%$116K$516K50xas long as short
Pacifica NEARlong+0.0100%1h4.4151long leg$422K$1.2M10x
Binance NEARUSDT+0.0100%8h4.4190+0.090%$270.2M$1.10B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4190+0.089%$222.0M$424.3M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4190+0.089%$62.8M$300.0M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4550+0.905%$254K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4116−0.078%$32.0M$63.2M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4150−0.001%$74.0M$148.1M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4140−0.024%$54.9M$46.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4092−0.133%$72.5M$130.2M75xas long as short
BingX NEAR-USDC+0.0100%8h4.4110−0.092%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.4567+0.943%$8.7M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.4571+0.952%$267K$976K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4605+1.030%$1.5M$1.4M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4600+1.018%$171K$792K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4126−0.056%$238K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4187+0.083%$56K$220K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4260+0.248%$1K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4165+0.033%$8K$53K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4200+0.112%$460K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4220+0.157%$3.9M$8.5M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.4088−0.142%$32K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.4193+0.095%$205K$40K3xas long as short
Hyperliquid NEAR+0.0170%1h4.4142−0.019%$364.5M$324.3M10xas long as short
Extended NEAR-USD+0.0200%1h4.4149−0.004%$4.0M$19.6M25xas long as short
Backpack NEAR_USDC_PERP+0.0206%1h4.4133−0.040%$1.3M$6.6M20xas long as short
BloFin NEAR-USDT+0.0220%8h4.4190+0.089%$13.9M$32.9M75xas long as short
01 Exchange NEARUSD+0.0240%1h4.4127−0.053%$13K$7K10xas long as short
Aster NEARUSDT+0.0293%8h4.4178+0.062%$3.0M$5.5M50xas long as short
GMX NEAR/USD [ETH-USDC]shortL +0.0329% / S −0.0206%1h4.4142−0.019%$239K100x
Lighter RH NEAR+0.0464%1h4.4197+0.105%$1.5M$7.2M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0543%1h4.4181+0.069%$2.0M$6.8M25xas long as short
Nado NEAR-PERP+0.0562%1h4.4139−0.026%$1.9M$3.1M10xas long as short
Arcus NEAR-USD+0.0581%1h4.4490+0.769%$220K$1.8M10xas long as short
Kraken Futures PF_NEARUSD+0.0588%1h4.4163+0.027%$8.2M$39.9M50xas long as short
Phoenix NEAR+0.0794%1h4.4453+0.685%$1.8M$2.8M10xas long as short
Lighter NEAR+0.0848%1h4.4200+0.112%$17.8M$26.2M15xas long as short
RISEx NEAR/USDC+0.0926%1h4.4133−0.040%$560K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1570%1h4.4505+0.803%$6K$12K10xas long as short