Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0111%/8h= +12.2% APRnext payment +$0.14 per $10,000 · paid last 24h −0.075%
Price spread now: Extended against GMX−0.003%7-day average −0.043% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.221%−$22 on $10k
Price spread, last 4 days (all we have)−0.543%−$54 · spread now −0.003%, 7d avg −0.043%
Together, before fees−0.764%+ Points / potential airdropExtended: Active · farm board−$76 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.040% dearer against GMX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.043%. Mind the row above: over the last 3 days funding on this pair cost −0.221%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX NEAR/USD [ETH-USDC]4.4167L +0.0321% / S −0.0190%pay 0.0040% / 1h12m 42s$234K100x
ShortExtended NEAR-USD4.41660.0432get 0.0054% / 1h12m 42s$3.9M$19.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against GMX. 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

Funding earned
$23.38
Price spread: −0.003% → −0.043%
$4.04
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$10.42
Costs to cover
0.170%
Break-even
3.9 days
Slippage unknown: GMX: no order-book sample; Extended: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell Extended live order book, 1 min ago0.23 bp5.2 bp −$513.9 bp −$1391001.4 bp −$100.1Kdoesn'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 on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.4160−0.017%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0008%1h4.4141−0.060%$2.2M$15.5M50xas long as short
dYdX NEAR-USD0.0000%1h4.4159−0.020%$109K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4187+0.044%$620K$22.3M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4168+0.001%$165K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−6.243%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4190+0.051%$113K$518K50xas long as short
Pacifica NEAR+0.0100%1h4.4188+0.047%$420K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.4210+0.096%$271.9M$1.10B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4140−0.062%$222.3M$424.2M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4150−0.040%$63.0M$298.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4054−0.256%$251K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4147−0.046%$32.1M$64.2M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4200+0.074%$74.9M$150.1M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4190+0.051%$55.0M$46.2M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4147−0.046%$72.5M$130.2M75xas long as short
BingX NEAR-USDC+0.0100%8h4.4170+0.006%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.4137−0.068%$8.6M$18.1Mas long as short
edgeX NEARUSDC+0.0100%4h4.4159−0.019%$265K$980K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4070−0.221%$1.5M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4090−0.175%$170K$801K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4219+0.117%$244K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4186+0.042%$56K$227K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4340+0.391%$1K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.4240+0.164%$458K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4170+0.006%$3.8M$8.4M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.4154−0.029%$32K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.4185+0.040%$205K$40K3xas long as short
SoDEX NEAR-USD+0.0172%1h4.4145−0.051%$8K$52K10xas long as short
BloFin NEAR-USDT+0.0220%8h4.4170+0.006%$13.8M$32.8M75xas long as short
Aster NEARUSDT+0.0307%8h4.4200+0.074%$3.0M$5.5M50xas long as short
GMX NEAR/USD [ETH-USDC]longL +0.0321% / S −0.0190%1h4.4167long leg$234K100x
Backpack NEAR_USDC_PERP+0.0335%1h4.4153−0.033%$1.3M$6.5M20xas long as short
01 Exchange NEARUSD+0.0344%1h4.4249+0.185%$13K$7K10xas long as short
Hyperliquid NEAR+0.0375%1h4.4235+0.153%$364.9M$324.9M10xas long as short
Extended NEAR-USDshort+0.0432%1h4.4166−0.003%$3.9M$19.7M25x
Nado NEAR-PERP+0.0549%1h4.4197+0.068%$1.9M$3.1M10xas long as short
Arcus NEAR-USD+0.0581%1h4.4250+0.187%$218K$1.8M10xas long as short
Kraken Futures PF_NEARUSD+0.0588%1h4.4160−0.016%$8.1M$39.7M50xas long as short
Lighter RH NEAR+0.0680%1h4.4237+0.157%$1.5M$7.2M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0747%1h4.4186+0.042%$2.0M$7.3M25xas long as short
Phoenix NEAR+0.0794%1h4.4173+0.013%$1.8M$2.8M10xas long as short
RISEx NEAR/USDC+0.0926%1h4.4253+0.194%$592K$1.4M10xas long as short
Lighter NEAR+0.0968%1h4.4258+0.206%$17.8M$26.5M15xas long as short
Aftermath Perps NEARUSD+0.1574%1h4.4205+0.086%$5K$12K10xas long as short