Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0227%/8h= +24.9% APRpaid last 24h +0.080%

Price spread now: GMX against BingX−0.280%7-day average +0.005% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.237%+$24 on $10k

Price spread, last 3 days (all we have)+1.307%+$131 · spread now −0.280%, 7d avg +0.005%

Together, before fees+1.544%+$154 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.285% cheaper against BingX than usual: you would sell low and buy high (spread −0.280% now, against its 7-day average of +0.005%). If the spread goes back, that is −$28 on $10k: about 4.2 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NEAR-USDT	4.1590	0.0100	pay 0.0100% / 8h	1h 45m	—	$136.8M	—
Short	GMX NEAR/USD [ETH-USDC]	4.1474	L +0.0379% / S −0.0327%	get 0.0041% / 1h	45m 52s	$279K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now −0.280%Rate

Funding earned: $47.68
Price spread: −0.280% → +0.005%: −$28.48
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$2.8
Costs to cover: 0.220%
Break-even: 7.4 days

Slippage unknown: BingX: live order book, 8 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 8 min ago	1.21 bp	6.2 bp −$6	8.7 bp −$87	15.2 bp −$1,524	34.0 bp −$17.0K
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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya NEARRUSDPERP	−0.0171%	1h	4.1456	−0.323%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1481	−0.262%	$2.1M	$12.6M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.433%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1455	−0.324%	$106K	$56K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1516	−0.178%	$441K	$18.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1473	−0.281%	$205K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0049%	1h	4.1575	−0.035%	$7.5M	$36.8M	50x	as long as short
01 Exchange NEARUSD	+0.0072%	1h	4.1484	−0.255%	$12K	$7K	10x	as long as short
Lighter NEAR	+0.0096%	1h	4.1621	+0.074%	$15.3M	$22.5M	15x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1470	−0.289%	$111K	$483K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1551	−0.094%	$53K	$156K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1485	−0.253%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1644	+0.129%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1472	−0.284%	$349K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1617	+0.065%	$238.2M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1591	+0.002%	$212.1M	$422.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1590	0.000%	$56.9M	$275.0M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1490	−0.240%	$307K	$1.6M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1618	+0.067%	$29.7M	$56.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1620	+0.072%	$81.9M	$141.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1640	+0.120%	$55.0M	$44.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1604	+0.034%	$69.1M	$125.8M	75x	as long as short
BingX NEAR-USDTlong	+0.0100%	8h	4.1590	long leg	—	$136.8M	—
Variational Omni NEAR	+0.0100%	8h	4.1461	−0.309%	$7.7M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1473	−0.282%	$236K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1500	−0.216%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1510	−0.192%	$182K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1503	−0.209%	$196K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1600	+0.024%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1540	−0.120%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1540	−0.120%	$3.8M	$8.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1450	−0.337%	$236K	$4K	10x	as long as short
Lighter RH NEAR	+0.0104%	1h	4.1595	+0.012%	$1.4M	$6.9M	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1601	+0.026%	$3.8M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1537	−0.127%	$200K	$62K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1500	−0.216%	$12.3M	$33.4M	75x	as long as short
Hyperliquid NEAR	+0.0319%	1h	4.1617	+0.065%	$349.7M	$298.4M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1484	−0.255%	$411K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]short	L +0.0379% / S −0.0327%	1h	4.1474	−0.280%	$279K	—	100x
Deribit NEAR_USDC-PERPETUAL	+0.0448%	1h	4.1585	−0.012%	$1.8M	$2.1M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0449%	1h	4.1606	+0.038%	$1.2M	$5.7M	20x	as long as short
Nado NEAR-PERP	+0.0516%	1h	4.1459	−0.316%	$1.8M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1447	−0.344%	$1.7M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.0910%	1h	4.1475	−0.275%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1010%	8h	4.1610	+0.048%	$446K	$3.6M	75x	as long as short