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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0222%/8h= −24.4% APRpaid last 24h +0.056%
Price spread now: HTX against GMX+0.127%52s7-day average +0.247% · you sell dearer than you buy
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)+0.152%+$15 on $10k
Price spread, last 4 days (all we have)+0.205%+$21 · spread now +0.127%, 7d avg +0.247%
Together, before fees+0.357%+$36 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and HTX is 0.121% cheaper against GMX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.247%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.152%, so the current rate has only just turned against you. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX NEAR/USD [ETH-USDC]4.2936L +0.0322% / S −0.0198%pay 0.0040% / 1h3m 22s$232K100x
ShortHTX NEAR-USDT4.29900.0100get 0.0100% / 8h3h 03m$460K$3.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
−$46.7
Price spread: +0.127% → +0.247%
−$12.05
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$82.76
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; HTX: 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 HTX live order book, 1 min ago5.82 bp15.7 bp −$1655.5 bp −$555doesn't fitdoesn'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%1h4.2969+0.077%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.2873−0.146%$106K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.2940+0.011%$161K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.553%$578$301K12xas long as short
Coinbase International NEAR-PERP-INTX+0.0056%1h4.2973+0.087%$2.3M$15.7M50xas long as short
Popdex NEARUSDT+0.0096%1h4.2970+0.080%$111K$501K50xas long as short
Binance NEARUSDT+0.0100%8h4.2980+0.103%$262.1M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.2949+0.031%$212.6M$426.4M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2960+0.057%$60.8M$285.7M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3449+1.196%$248K−$010xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0100%8h4.2947+0.027%$31.9M$62.6M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3010+0.173%$73.3M$147.6M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3000+0.150%$53.4M$45.8M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2952+0.038%$71.0M$127.4M75xas long as short
BingX NEAR-USDC+0.0100%8h4.2950+0.034%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.2987+0.121%$8.1M$17.9Mas long as short
edgeX NEARUSDC+0.0100%4h4.2977+0.096%$251K$949K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2967+0.074%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3190+0.593%$166K$794K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3000+0.150%$268K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.2977+0.096%$57K$246K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3010+0.173%$1K$1.4M20xas long as short
HTX NEAR-USDTshort+0.0100%8h4.2990+0.127%$460K$3.9M75x
Phemex NEARUSDT+0.0100%8h4.2950+0.034%$3.6M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.2905−0.072%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.2994+0.137%$200K$37K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.2990+0.127%$13.4M$31.7M75xas long as short
Kalshi KXNEARPERP+0.0250%8h4.2956+0.048%$776K$23.9M2.2xas long as short
Pacifica NEAR+0.0263%1h4.2925−0.024%$396K$1.3M10xas long as short
SoDEX NEAR-USD+0.0321%1h4.2955+0.045%$6K$53K10xas long as short
GMX NEAR/USD [ETH-USDC]longL +0.0322% / S −0.0198%1h4.2936long leg$232K100x
Aster NEARUSDT+0.0331%8h4.2996+0.140%$2.8M$5.5M50xas long as short
01 Exchange NEARUSD+0.0528%1h4.2999+0.148%$13K$7K10xas long as short
Extended NEAR-USD+0.0544%1h4.2952+0.039%$3.7M$19.8M25xas long as short
Backpack NEAR_USDC_PERP+0.0563%1h4.2966+0.071%$1.3M$6.8M20xas long as short
Nado NEAR-PERP+0.0564%1h4.2950+0.034%$1.8M$3.1M10xas long as short
Hyperliquid NEAR+0.0564%1h4.3000+0.150%$352.0M$313.1M10xas long as short
Arcus NEAR-USD+0.0627%1h4.2990+0.127%$211K$1.6M10xas long as short
Kraken Futures PF_NEARUSD+0.0717%1h4.2957+0.049%$7.5M$38.9M50xas long as short
Lighter RH NEAR+0.0904%1h4.2965+0.069%$1.5M$7.4M10xas long as short
Phoenix NEAR+0.0941%1h4.3300+0.849%$1.8M$2.8M10xas long as short
Lighter NEAR+0.1032%1h4.2972+0.084%$17.3M$25.1M15xas long as short
RISEx NEAR/USDC+0.1162%1h4.2990+0.127%$672K$1.3M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1310%1h4.3010+0.173%$1.9M$10.0M25xas long as short
Aftermath Perps NEARUSD+0.1536%1h4.3090+0.361%$5K$12K10xas long as short