Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0023%/8hnext payment +$0.03 per $10,000 · paid last 24h +0.041%

Price spread now: GMX against Nado+0.009%7-day average −0.001% · you sell dearer than you buy

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

Long on Nado Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.175%+$18 on $10k

Price spread, last 3 days (all we have)+0.152%+$15 · spread now +0.009%, 7d avg −0.001%

Together, before fees+0.328%+ Points / potential airdropNado: Active · farm board+$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NEAR-PERP	4.1435	0.0290	pay 0.0036% / 1h	22m 27s	$1.8M	$3.9M	10x
Short	GMX NEAR/USD [ETH-USDC]	4.1439	L +0.0372% / S −0.0312%	get 0.0039% / 1h	22m 27s	$272K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Nado. 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 NadobpFee GMXbpOrdersPrice spread, now +0.009%Rate

Funding earned: $4.78
Price spread: +0.009% → −0.001%: $0.99
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$13.23
Costs to cover: 0.190%
Break-even: 26.4 days

Slippage unknown: Nado: live order book, 1 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 Nado live order book, 1 min ago	0.84 bp	9.6 bp −$10	19.2 bp −$192	doesn't fit	doesn't fit
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	4.1436	+0.002%	$2K	—	20x	as long as short
Extended NEAR-USD	−0.0024%	1h	4.1543	+0.260%	$3.5M	$14.1M	25x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1595	+0.386%	$105K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1418	−0.041%	$432K	$20.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1456	+0.050%	$202K	—	150x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0032%	1h	4.1445	+0.024%	$2.1M	$12.7M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0064%	1h	4.1465	+0.072%	$1.8M	$2.0M	25x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1520	+0.205%	$105K	$499K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1557	+0.295%	$2.8M	$5.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1534	+0.238%	$237.5M	$1.11B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.1515	+0.193%	$208.2M	$429.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1510	+0.181%	$57.4M	$287.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1540	+0.253%	$245K	$1.6M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1537	+0.245%	$238K	$4K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1585	+0.362%	$29.3M	$56.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1580	+0.350%	$82.0M	$145.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1540	+0.253%	$57.9M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1447	+0.029%	$69.9M	$126.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1550	+0.278%	—	$135.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1325	−0.266%	$7.6M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1249	−0.450%	$262K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1280	−0.374%	$1.4M	$1.1M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1250	−0.446%	$112K	$754K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1551	+0.280%	$221K	$3.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1453	+0.043%	$52K	$163K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1490	+0.133%	$2K	$1.5M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1535	+0.241%	$5K	$45K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1460	+0.060%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1590	+0.374%	$30K	$2K	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1430	−0.012%	$200K	$66K	3x	as long as short
Injective NEAR/USDC PERP	+0.0120%	1h	4.1000	−1.050%	$572	$150K	12x	as long as short
01 Exchange NEARUSD	+0.0200%	1h	4.1560	+0.302%	$12K	$8K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1420	−0.036%	$12.6M	$33.2M	75x	as long as short
Kraken Futures PF_NEARUSD	+0.0241%	1h	4.1486	+0.122%	$7.4M	$34.5M	50x	as long as short
Lighter RH NEAR	+0.0248%	1h	4.1635	+0.483%	$1.4M	$7.3M	10x	as long as short
Nado NEAR-PERPlong	+0.0290%	1h	4.1435	long leg	$1.8M	$3.9M	10x
Pacifica NEAR	+0.0319%	1h	4.1578	+0.344%	$440K	$1.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]short	L +0.0372% / S −0.0312%	1h	4.1439	+0.009%	$272K	—	100x
RISEx NEAR/USDC	+0.0378%	1h	4.1559	+0.299%	$397K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0618%	1h	4.1391	−0.106%	$1.7M	$2.7M	10x	as long as short
Lighter NEAR	+0.0648%	1h	4.1555	+0.291%	$15.4M	$22.5M	15x	as long as short
Hyperliquid NEAR	+0.0839%	1h	4.1610	+0.422%	$351.2M	$305.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0956%	1h	4.1568	+0.321%	$1.5M	$4.7M	20x	as long as short
Aftermath Perps NEARUSD	+0.1083%	1h	4.1308	−0.307%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1246%	8h	4.1580	+0.350%	$452K	$4.1M	75x	as long as short