Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: edgeX against gTrade (Gains Network)−0.446%68s7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2992.985% of the position

Long on gTrade (Gains Network)Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.091%+$9 on $10k

Price spread, last 3 days (all we have)+0.484%+$48 · spread now −0.446%, 7d avg +0.002%

Together, before fees+0.575%+ Points / potential airdropedgeX: Active · farm board+$58 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.448% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.446% now, against its 7-day average of +0.002%). If the spread goes back, that is −$45 on $10k: about 16 days of funding at the current rate (+$3 a day). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) NEAR/USD	4.3201	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	22m 31s	$205K	—	150x
Short	edgeX NEARUSDC	4.3008	0.0100	get 0.0050% / 4h	3h 22m	$256K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee edgeXbpOrdersPrice spread, now −0.446%Rate

Funding earned: $20.11
Price spread: −0.446% → +0.002%: −$44.77
Slippage, 4 orders: −$279.52
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$323.18
Costs to cover: 2.985%
Break-even: 119.5 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 51 min ago; edgeX: live order book, 1 min ago.

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 gTrade (Gains Network) virtual book (oracle venue), 51 min ago	130.01 bp	135.0 bp −$135	875.9 bp −$8,759	9405.5 bp −$940.5K	doesn't fit
Sell edgeX live order book, 1 min ago	6.97 bp	12.4 bp −$12	27.9 bp −$279	doesn't fit	doesn't fit

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	4.3180	−0.048%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3164	−0.086%	$7.3M	$37.3M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3150	−0.118%	$2.3M	$13.1M	50x	as long as short
01 Exchange NEARUSD	−0.0008%	1h	4.3183	−0.041%	$13K	$7K	10x	as long as short
Variational Omni NEAR	−0.0004%	8h	4.2668	−1.234%	$7.9M	$18.8M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3140	−0.142%	$112K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2948	−0.585%	$360K	$19.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USDlong	L +0.0004% / S −0.0004%	1h	4.3201	long leg	$205K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.146%	$578	$302K	12x	as long as short
Bybit NEARUSDT	+0.0095%	8h	4.3183	−0.041%	$219.2M	$417.3M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3190	−0.025%	$115K	$484K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3191	−0.023%	$57K	$191K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.3116	−0.196%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3240	+0.091%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3158	−0.098%	$399K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3212	+0.025%	$257.6M	$1.06B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3180	−0.048%	$61.0M	$281.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3180	−0.048%	$198K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2789	−0.953%	$244K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3195	−0.014%	$31.0M	$60.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3200	−0.002%	$77.4M	$140.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3210	+0.021%	$56.4M	$43.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3186	−0.034%	$71.5M	$124.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3190	−0.025%	—	$141.7M	—	as long as short
edgeX NEARUSDCshort	+0.0100%	4h	4.3008	−0.446%	$256K	$1.2M	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3032	−0.390%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2800	−0.928%	$179K	$782K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3206	+0.012%	$193K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3230	+0.067%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3165	−0.083%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3240	+0.091%	$457K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3140	−0.141%	$3.8M	$8.5M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3157	−0.102%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3164	−0.086%	$201K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0193%	1h	4.3254	+0.123%	$364.0M	$301.6M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3130	−0.164%	$12.9M	$28.2M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0374% / S −0.0307%	1h	4.3151	−0.116%	$275K	—	100x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3216	+0.035%	$409K	$1.2M	10x	as long as short
Lighter RH NEAR	+0.0432%	1h	4.3212	+0.026%	$1.6M	$6.9M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0449%	1h	4.3214	+0.030%	$1.3M	$5.9M	20x	as long as short
Nado NEAR-PERP	+0.0464%	1h	4.3153	−0.111%	$1.9M	$3.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3141	−0.139%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0654%	1h	4.3197	−0.009%	$1.9M	$3.6M	25x	as long as short
Aftermath Perps NEARUSD	+0.1366%	1h	4.2946	−0.590%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1928%	1h	4.3241	+0.092%	$17.3M	$24.6M	15x	as long as short