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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.040%
Price spread now: GMX against MEXC−0.003%7-day average 0.000% · 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 4 days (all we have)+0.255%+$26 on $10k
Price spread, last 4 days (all we have)+0.218%+$22 · spread now −0.003%, 7d avg 0.000%
Together, before fees+0.473%+$47 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of 0.000%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.255%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC NEAR_USDT4.52800.0100pay 0.0100% / 8h4h 44m$75.9M$169.9M200x
ShortGMX NEAR/USD [ETH-USDC]4.5279L +0.0191% / S −0.0033%get 0.0004% / 1h44m 05s$244K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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
−$14.01
Price spread: −0.003% → 0.000%
−$0.24
Slippage, 4 orders
no order book: not counted
Fee MEXC: 0 bp × 2 orders
$0
Fee GMX: 6 bp × 2 orders
−$12
Net
−$26.25
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: MEXC: 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
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 3 min ago4.43 bp5.5 bp −$58.4 bp −$8435.8 bp −$3,57577.7 bp −$38.9K
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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NEARUSD−0.0377%1h4.5263−0.038%$7.3M$37.1M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.5275−0.010%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.5405+0.276%$111K$53K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.5434+0.340%$907K$26.5M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.5278−0.004%$170K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−8.547%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.5320+0.088%$125K$510K50xas long as short
Aster NEARUSDT+0.0100%8h4.5286+0.013%$2.7M$5.1M50xas long as short
Binance NEARUSDT+0.0100%8h4.5295+0.033%$273.4M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.5273−0.015%$232.8M$430.6M75xas long as short
Show all 45 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.5240−0.088%$64.4M$304.2M50xas long as short
Bulk NEAR-USD+0.0100%1h4.5351+0.157%$279K$24K10xas long as short
Gate NEAR_USDT+0.0100%8h4.5247−0.073%$41.5M$62.0M75xas long as short
MEXC NEAR_USDTlong+0.0100%8h4.5280long leg$75.9M$169.9M200x
KuCoin NEARUSDTM+0.0100%8h4.5290+0.022%$54.4M$44.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.5240−0.088%$75.2M$127.9M75xas long as short
BingX NEAR-USDC+0.0100%8h4.5260−0.044%$6.7Mas long as short
Variational Omni NEAR+0.0100%8h4.5173−0.235%$8.8M$15.7Mas long as short
edgeX NEARUSDC+0.0100%4h4.4858−0.931%$266K$865K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.5183−0.215%$1.5M$1.9M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4840−0.972%$168K$810K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.5324+0.097%$193K$4.2M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.5308+0.062%$56K$270K20xas long as short
SunX NEAR-USDT+0.0100%8h4.5380+0.221%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.5287+0.015%$5K$34K10xas long as short
HTX NEAR-USDT+0.0100%8h4.5350+0.155%$468K$3.7M75xas long as short
Phemex NEARUSDT+0.0100%8h4.5270−0.022%$3.4M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.5330+0.111%$33K$38910xas long as short
Extended NEAR-USD+0.0104%1h4.5270−0.022%$3.8M$15.0M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.5284+0.009%$211K$38K3xas long as short
Lighter RH NEAR+0.0144%1h4.5321+0.091%$1.6M$5.7M10xas long as short
GMX NEAR/USD [ETH-USDC]shortL +0.0191% / S −0.0033%1h4.5279−0.003%$244K100x
BloFin NEAR-USDT+0.0220%8h4.5580+0.663%$12.9M$33.0M75xas long as short
Arcus NEAR-USD+0.0253%1h4.5380+0.221%$229K$1.4M10xas long as short
01 Exchange NEARUSD+0.0272%1h4.5378+0.216%$13K$4K10xas long as short
Hyperliquid NEAR+0.0273%1h4.5311+0.068%$364.1M$313.2M10xas long as short
Lighter NEAR+0.0296%1h4.5309+0.064%$17.1M$24.7M15xas long as short
Nado NEAR-PERP+0.0387%1h4.5330+0.110%$1.8M$3.1M10xas long as short
RISEx NEAR/USDC+0.0478%1h4.5349+0.152%$646K$1.6M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0544%1h4.5472+0.424%$2.4M$17.9M50xas long as short
Pacifica NEAR+0.0687%1h4.5437+0.347%$428K$1.3M10xas long as short
Phoenix NEAR+0.0733%1h4.5001−0.616%$1.7M$2.6M10xas long as short
Backpack NEAR_USDC_PERP+0.0789%1h4.5295+0.033%$1.1M$7.2M20xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0832%1h4.5336+0.124%$1.9M$13.0M25xas long as short
Aftermath Perps NEARUSD+0.0880%1h4.5138−0.314%$6K$6K10xas long as short