Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0155%/8h= +16.9% APRpaid last 24h +0.158%

Price spread now: HTX against gTrade (Gains Network)+0.227%7-day average +0.247% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$336as in the Price arb table

costs, in and out, $10k−$3343.344% of the position

Long on gTrade (Gains Network)Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.471%+$47 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.227%, 7d avg +0.247%

Together, before fees+0.402%+$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.021% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.227% now, against its 7-day average of +0.247%). If the spread goes back, that is −$2 on $10k: about 11 hours of funding at the current rate (+$5 a day). At the pace of the last 3 days (+0.471% in total) that is about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) NEAR/USD	4.3591	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	3m 13s	$163K	—	150x
Short	HTX NEAR-USDT	4.3690	0.0159	get 0.0159% / 8h	3m 13s	$465K	$3.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.227%Rate

Funding earned: $32.48
Price spread: +0.227% → +0.247%: −$2.08
Slippage, 4 orders: −$312.4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$304
Costs to cover: 3.344%
Break-even: 72.5 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 36 min ago; HTX: 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), 36 min ago	130.01 bp	135.0 bp −$135	875.9 bp −$8,759	9405.5 bp −$940.6K	doesn't fit
Sell HTX live order book, 1 min ago	24.02 bp	31.6 bp −$32	79.8 bp −$798	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	4.3529	−0.142%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3462	−0.296%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USDlong	L +0.0004% / S −0.0006%	1h	4.3591	long leg	$163K	—	150x
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3621	+0.068%	$7.2M	$38.7M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.004%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3570	−0.049%	$114K	$499K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3600	+0.020%	$219.8M	$430.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3610	+0.043%	$61.4M	$296.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	+0.364%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3562	−0.067%	$35.9M	$63.2M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3570	−0.049%	$52.8M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3618	+0.061%	$72.1M	$127.9M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3549	−0.097%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3722	+0.301%	$253K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3681	+0.207%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3680	+0.204%	$167K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3598	+0.016%	$274K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3643	+0.119%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3630	+0.089%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3625	+0.078%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3620	+0.066%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3587	−0.009%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3605	+0.031%	$3.6M	$16.4M	25x	as long as short
Aster NEARUSDT	+0.0105%	8h	4.3580	−0.025%	$2.7M	$4.8M	50x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3630	+0.089%	$203K	$38K	3x	as long as short
Hyperliquid NEAR	+0.0134%	1h	4.3574	−0.039%	$351.1M	$316.2M	10x	as long as short
Binance NEARUSDT	+0.0144%	8h	4.3607	+0.035%	$263.4M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0146%	8h	4.3560	−0.072%	$88.8M	$154.7M	200x	as long as short
BingX NEAR-USDT	+0.0155%	8h	4.3600	+0.020%	—	$83.1M	—	as long as short
HTX NEAR-USDTshort	+0.0159%	8h	4.3690	+0.227%	$465K	$3.8M	75x
Kalshi KXNEARPERP	+0.0169%	8h	4.3521	−0.161%	$940K	$25.1M	2.2x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.3587	−0.010%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0264%	8h	4.3630	+0.089%	$13.4M	$32.1M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0242%	1h	4.3590	−0.004%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0371%	1h	4.3569	−0.052%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0471%	1h	4.3506	−0.195%	$1.1M	$7.2M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3621	+0.068%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0496%	1h	4.3675	+0.192%	$1.5M	$6.8M	10x	as long as short
Lighter NEAR	+0.0560%	1h	4.3684	+0.213%	$17.2M	$25.4M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3580	−0.026%	$228K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3557	−0.079%	$411K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3702	+0.254%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3563	−0.064%	$604K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1125%	1h	4.3624	+0.074%	$5K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1355%	1h	4.3690	+0.227%	$1.9M	$13.1M	25x	as long as short