NEAR

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.098%

7d average+0.077%if it closes, per $10,000$10funding while held, a day−$0.62

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX NEAR/USD [ETH-USDC]	4.0000	L +0.0346% / S −0.0277%	pay 0.0043% / 1h	48m 45s	$243K	—	100x
Short	Deribit NEAR_USDC-PERPETUAL	4.0039	0.0325	get 0.0041% / 1h	48m 45s	$1.8M	$1.9M	25x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee GMXbpFee DeribitbpOrdersClose when spread is

Spread captured: $9.79
Funding while held: −$0.62
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$9.83
Spread needed to break even: 0.190%

Slippage unknown: GMX: no order-book sample; Deribit: live order book, 2 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0021%
Per $10,000 a day: −$0.62
Average in range /8h: —

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 GMX no order-book sample	—	—	—	—	—
Sell Deribit live order book, 2 min ago	4.50 bp	21.7 bp −$22	39.7 bp −$397	doesn't fit	doesn't fit

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 price on every exchange

against the cheapest. Click to use as the short leg.

Bulk3.9649cheapest edgeX3.9710+0.153%Aftermath Perps3.9740+0.228%Variational Omni3.9776+0.319%ApeX Omni3.9830+0.456%Extended3.9925+0.696%Gate3.9931+0.710%MEXC3.9940+0.733%BingX3.9940+0.733%Bitget3.9943+0.741%dYdX3.9944+0.743%Phemex3.9950+0.758%Binance3.9956+0.774%KuCoin3.9960+0.784%Pacifica3.9961+0.785%Bybit3.9978+0.829%OKX3.9980+0.834%Kalshi3.9983+0.842%Phoenix3.9983+0.842%Aster3.9985+0.848%Lighter RH3.9990+0.859%Hyperliquid3.9991+0.862%

GMX4.0000+0.884%

SoDEX4.0010+0.910%Lighter4.0011+0.912%Nado4.0015+0.922%Aevo4.0017+0.928%gTrade (Gains Network)4.0020+0.935%Reya4.0021+0.937%Orderly4.0022+0.940%Kraken Futures4.0022+0.941%Coinbase International4.0030+0.960%

Deribit4.0039+0.983%

Backpack4.0040+0.985%BloFin4.0040+0.985%Paradex4.0057+1.029%Arcus4.0060+1.036%Popdex4.0080+1.086%SunX4.0080+1.086%RISEx4.0086+1.100%Polymarket Perps4.0089+1.109%01 Exchange4.0094+1.122%HTX4.0110+1.162%

Injective4.3530+9.788%

NEAR on 44 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bulk NEAR-USD	−0.876%	+0.0100%	1h	$229K	$6K	10x	as long as short
edgeX NEARUSDC	−0.725%	+0.0100%	4h	$225K	$1.2M	20x	as long as short
Aftermath Perps NEARUSD	−0.650%	+0.0965%	1h	$5K	$12K	10x	as long as short
Variational Omni NEAR	−0.560%	+0.0100%	8h	$7.2M	$18.7M	—	as long as short
ApeX Omni NEARUSDT	−0.425%	+0.0823%	1h	$104K	$753K	50x	as long as short
Extended NEAR-USD	−0.187%	+0.0104%	1h	$3.3M	$14.0M	25x	as long as short
Gate NEAR_USDT	−0.172%	+0.0100%	8h	$28.5M	$54.1M	75x	as long as short
MEXC NEAR_USDT	−0.150%	+0.0100%	8h	$68.9M	$141.6M	200x	as long as short
BingX NEAR-USDC	−0.150%	+0.0100%	8h	—	$6.6M	—	as long as short
Bitget NEARUSDT	−0.142%	+0.0100%	8h	$66.3M	$116.6M	75x	as long as short

Show all 44 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX NEAR-USD	−0.140%	0.0000%	1h	$101K	$50K	10x	as long as short
Phemex NEARUSDT	−0.125%	+0.0100%	8h	$3.7M	$8.4M	50x	as long as short
Binance NEARUSDT	−0.110%	+0.0100%	8h	$228.8M	$1.10B	75x	as long as short
KuCoin NEARUSDTM	−0.100%	+0.0100%	8h	$56.3M	$45.3M	75x	as long as short
Pacifica NEAR	−0.098%	+0.0225%	1h	$433K	$1.0M	10x	as long as short
Bybit NEARUSDT	−0.055%	+0.0100%	8h	$198.3M	$428.5M	75x	as long as short
OKX NEAR-USDT-SWAP	−0.050%	+0.0100%	8h	$54.1M	$278.5M	50x	as long as short
Kalshi KXNEARPERP	−0.042%	0.0000%	8h	$495K	$20.5M	2.2x	as long as short
Phoenix NEAR	−0.042%	+0.0633%	1h	$1.6M	$2.7M	10x	as long as short
Aster NEARUSDT	−0.036%	+0.0100%	8h	$2.7M	$6.0M	50x	as long as short
Lighter RH NEAR	−0.025%	+0.0328%	1h	$1.3M	$7.0M	10x	as long as short
Hyperliquid NEAR	−0.022%	+0.0590%	1h	$316.7M	$294.7M	10x	as long as short
GMX NEAR/USD [ETH-USDC]long	0.000%	L +0.0346% / S −0.0277%	1h	$243K	—	100x
SoDEX NEAR-USD	+0.025%	+0.0100%	1h	$5K	$44K	10x	as long as short
Lighter NEAR	+0.028%	+0.0800%	1h	$14.8M	$22.0M	15x	as long as short
Nado NEAR-PERP	+0.038%	+0.0147%	1h	$1.9M	$3.9M	10x	as long as short
Aevo NEAR-PERP	+0.044%	+0.0104%	1h	$193K	$63K	3x	as long as short
gTrade (Gains Network) NEAR/USD	+0.050%	L +0.0004% / S −0.0004%	1h	$195K	—	150x	as long as short
Reya NEARRUSDPERP	+0.053%	−0.0171%	1h	$2K	—	20x	as long as short
Orderly PERP_NEAR_USDC	+0.055%	+0.0100%	8h	$52K	$163K	20x	as long as short
Kraken Futures PF_NEARUSD	+0.057%	+0.0654%	1h	$7.1M	$33.6M	50x	as long as short
Coinbase International NEAR-PERP-INTX	+0.075%	−0.0008%	1h	$2.1M	$12.1M	50x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.098%	+0.0325%	1h	$1.8M	$1.9M	25x
Backpack NEAR_USDC_PERP	+0.100%	+0.1241%	1h	$1.8M	$4.1M	20x	as long as short
BloFin NEAR-USDT	+0.100%	+0.0220%	8h	$12.1M	$32.1M	75x	as long as short
Paradex NEAR-USD-PERP	+0.143%	+0.0100%	8h	$29K	$2K	10x	as long as short
Arcus NEAR-USD	+0.150%	+0.0100%	1h	$236K	$1.7M	10x	as long as short
Popdex NEARUSDT	+0.200%	+0.0096%	1h	$102K	$491K	50x	as long as short
SunX NEAR-USDT	+0.200%	+0.0100%	8h	$2K	$1.5M	20x	as long as short
RISEx NEAR/USDC	+0.215%	+0.0548%	1h	$413K	$1.3M	10x	as long as short
Polymarket Perps NEAR-USD	+0.223%	+0.0100%	1h	$181K	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.235%	+0.0376%	1h	$12K	$8K	10x	as long as short
HTX NEAR-USDT	+0.275%	+0.1505%	8h	$441K	$4.0M	75x	as long as short
Injective NEAR/USDC PERP	+8.825%	+0.0033%	1h	$608	$84K	12x	as long as short