Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0214%/8h= +23.4% APRpaid last 24h +0.074%

Price spread now: GMX against Gate−0.111%7-day average +0.020% · you buy dearer than you sell

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

Long on Gate Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.248%+$25 on $10k

Price spread, last 3 days (all we have)+0.299%+$30 · spread now −0.111%, 7d avg +0.020%

Together, before fees+0.547%+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.131% cheaper against Gate than usual: you would sell low and buy high (spread −0.111% now, against its 7-day average of +0.020%). If the spread goes back, that is −$13 on $10k: about 2.0 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.2749	0.0100	pay 0.0100% / 8h	45m 38s	$30.2M	$58.8M	75x
Short	GMX NEAR/USD [ETH-USDC]	4.2702	L +0.0374% / S −0.0314%	get 0.0039% / 1h	45m 38s	$274K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now −0.111%Rate

Funding earned: $44.96
Price spread: −0.111% → +0.020%: −$13.08
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $4.88
Costs to cover: 0.270%
Break-even: 6.2 days

Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago	3.04 bp	17.9 bp −$18	23.8 bp −$238	41.6 bp −$4,164	59.6 bp −$29.8K
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	4.2690	−0.139%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2695	−0.126%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2746	−0.006%	$111K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2719	−0.070%	$396K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2712	−0.086%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.132%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2730	−0.044%	$108K	$496K	50x	as long as short
Bybit NEARUSDT	+0.0096%	8h	4.2726	−0.054%	$219.5M	$421.9M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2753	+0.008%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2787	+0.090%	$3.0M	$5.6M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.2749	−0.001%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2756	+0.016%	$253.2M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2740	−0.021%	$61.0M	$285.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2750	+0.002%	$202K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3000	+0.587%	$245K	$2K	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.2749	long leg	$30.2M	$58.8M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.2760	+0.026%	$78.5M	$140.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2780	+0.073%	$56.0M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2731	−0.042%	$71.0M	$126.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2740	−0.021%	—	$138.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3020	+0.633%	$8.0M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2986	+0.555%	$245K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2963	+0.501%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2990	+0.564%	$180K	$788K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2741	−0.019%	$217K	$3.4M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2732	−0.040%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2770	+0.049%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2720	−0.068%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2750	+0.002%	$3.9M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2721	−0.065%	$4.0M	$15.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2720	−0.068%	$206K	$62K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2739	−0.023%	$7.4M	$36.9M	50x	as long as short
01 Exchange NEARUSD	+0.0200%	1h	4.2754	+0.012%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2730	−0.044%	$13.0M	$30.7M	75x	as long as short
Lighter RH NEAR	+0.0360%	1h	4.2792	+0.101%	$1.5M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]short	L +0.0374% / S −0.0314%	1h	4.2702	−0.111%	$274K	—	100x
RISEx NEAR/USDC	+0.0404%	1h	4.2743	−0.014%	$412K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0437%	1h	4.2829	+0.187%	$1.3M	$5.5M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2919	+0.398%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0814%	1h	4.2705	−0.102%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0876%	8h	4.2830	+0.189%	$457K	$3.7M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1084%	1h	4.2794	+0.105%	$1.9M	$2.3M	25x	as long as short
Hyperliquid NEAR	+0.1151%	1h	4.2806	+0.133%	$368.9M	$298.2M	10x	as long as short
Aftermath Perps NEARUSD	+0.1171%	1h	4.2947	+0.463%	$5K	$11K	10x	as long as short
Lighter NEAR	+0.1880%	1h	4.2869	+0.280%	$16.5M	$23.7M	15x	as long as short