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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0211%/8h= +23.1% APRnext payment +$0.26 per $10,000 · paid last 24h +0.070%
Price spread now: GMX against Popdex+0.024%7-day average −0.021% · 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)+0.249%+$25 on $10k
Price spread, last 3 days (all we have)+0.074%+$7 · spread now +0.024%, 7d avg −0.021%
Together, before fees+0.323%+$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and GMX is 0.044% dearer against Popdex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex NEARUSDT4.31900.0096pay 0.0012% / 1h21m 44s$115K$484K50x
ShortGMX NEAR/USD [ETH-USDC]4.3200L +0.0375% / S −0.0307%get 0.0038% / 1h21m 44s$275K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Popdex. 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
$44.29
Price spread: +0.024% → −0.021%
$4.43
Slippage, 4 orders
no order book: not counted
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee GMX: 6 bp × 2 orders
−$12
Net
$30.31
Costs to cover
0.184%
Break-even
2.2 days
Slippage unknown: Popdex: live order book, 52 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 Popdex live order book, 52 min ago1.17 bp6.5 bp −$780.1 bp −$801doesn'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%1h4.3180−0.023%$2K20xas long as short
Kraken Futures PF_NEARUSD−0.0130%1h4.3176−0.031%$7.3M$37.3M50xas long as short
Phemex NEARUSDT−0.0119%8h4.3140−0.116%$3.8M$8.5M50xas long as short
Coinbase International NEAR-PERP-INTX−0.0096%1h4.3167−0.053%$2.3M$13.1M50xas long as short
01 Exchange NEARUSD−0.0008%1h4.3183−0.016%$13K$7K10xas long as short
Variational Omni NEAR−0.0004%8h4.2668−1.209%$7.9M$18.8Mas long as short
dYdX NEAR-USD0.0000%1h4.3008−0.422%$111K$64K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.3139−0.118%$378K$19.3M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.3201+0.025%$205K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.121%$578$302K12xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex NEARUSDTlong+0.0096%1h4.3190long leg$115K$484K50x
Orderly PERP_NEAR_USDC+0.0098%8h4.3191+0.002%$57K$191K20xas long as short
Paradex NEAR-USD-PERP+0.0099%8h4.2999−0.441%$31K$60810xas long as short
Aster NEARUSDT+0.0100%8h4.3153−0.085%$3.0M$5.8M50xas long as short
Pacifica NEAR+0.0100%1h4.2979−0.489%$397K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.2955−0.544%$256.1M$1.06B75xas long as short
Bybit NEARUSDT+0.0100%8h4.2901−0.669%$217.7M$417.7M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2960−0.533%$60.9M$280.5M50xas long as short
Arcus NEAR-USD+0.0100%1h4.3030−0.370%$197K$1.7M10xas long as short
Bulk NEAR-USD+0.0100%1h4.2789−0.928%$244K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3083−0.248%$31.0M$60.1M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.2930−0.602%$76.9M$141.1M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3050−0.324%$56.2M$43.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2980−0.486%$71.2M$124.7M75xas long as short
BingX NEAR-USDC+0.0100%8h4.3000−0.440%$6.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.3008−0.421%$256K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3032−0.365%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.2800−0.903%$179K$782K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3206+0.037%$193K$3.5M10xas long as short
SunX NEAR-USDT+0.0100%8h4.3260+0.162%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3177−0.030%$5K$52K10xas long as short
HTX NEAR-USDT+0.0100%8h4.3260+0.162%$458K$3.7M75xas long as short
Extended NEAR-USD+0.0104%1h4.3114−0.175%$3.8M$17.3M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.3197+0.017%$201K$28K3xas long as short
Hyperliquid NEAR+0.0198%1h4.3116−0.171%$363.2M$301.9M10xas long as short
BloFin NEAR-USDT+0.0220%8h4.3130−0.139%$12.9M$28.2M75xas long as short
GMX NEAR/USD [ETH-USDC]shortL +0.0375% / S −0.0307%1h4.3200+0.024%$275K100x
Deribit NEAR_USDC-PERPETUAL+0.0398%1h4.3221+0.072%$1.9M$3.6M25xas long as short
RISEx NEAR/USDC+0.0428%1h4.3216+0.061%$409K$1.2M10xas long as short
Lighter RH NEAR+0.0432%1h4.3110−0.185%$1.6M$7.0M10xas long as short
Backpack NEAR_USDC_PERP+0.0462%1h4.3226+0.083%$1.3M$5.9M20xas long as short
Nado NEAR-PERP+0.0464%1h4.3153−0.086%$1.9M$3.2M10xas long as short
Phoenix NEAR+0.0499%1h4.3141−0.113%$1.8M$2.7M10xas long as short
Aftermath Perps NEARUSD+0.1366%1h4.2946−0.564%$5K$12K10xas long as short
Lighter NEAR+0.1912%1h4.3055−0.313%$17.2M$24.6M15xas long as short