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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0214%/8h= +23.4% APRnext payment +$0.27 per $10,000 · paid last 24h +0.069%
Price spread now: GMX against Pacifica−0.148%7-day average −0.041% · 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)+0.237%+$24 on $10k
Price spread, last 3 days (all we have)+0.160%+$16 · spread now −0.148%, 7d avg −0.041%
Together, before fees+0.396%+ Points / potential airdropPacifica: Active · farm board+$40 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.107% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.148% now, against its 7-day average of −0.041%). If the spread goes back, that is −$11 on $10k: about 40 hours of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica NEAR4.27650.0100pay 0.0013% / 1h46m 27s$402K$1.2M10x
ShortGMX NEAR/USD [ETH-USDC]4.2702L +0.0374% / S −0.0314%get 0.0039% / 1h46m 27s$274K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Pacifica. 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
$44.96
Price spread: −0.148% → −0.041%
−$10.71
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee GMX: 6 bp × 2 orders
−$12
Net
$14.25
Costs to cover
0.200%
Break-even
4.8 days
Slippage unknown: Pacifica: live order book, 2 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 Pacifica live order book, 2 min ago5.48 bp17.8 bp −$18doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.2690−0.176%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0072%1h4.2678−0.203%$2.2M$13.0M50xas long as short
dYdX NEAR-USD0.0000%1h4.2739−0.060%$111K$59K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.2692−0.170%$401K$18.5M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.2712−0.123%$203K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.168%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.2730−0.082%$108K$496K50xas long as short
Bybit NEARUSDT+0.0099%8h4.2700−0.152%$219.4M$421.8M75xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.2719−0.108%$31K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.2732−0.077%$3.0M$5.6M50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica NEARlong+0.0100%1h4.2765long leg$402K$1.2M10x
Binance NEARUSDT+0.0100%8h4.2709−0.130%$252.9M$1.07B75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2720−0.105%$60.9M$285.2M50xas long as short
Arcus NEAR-USD+0.0100%1h4.2730−0.082%$201K$1.8M10xas long as short
Bulk NEAR-USD+0.0100%1h4.3000+0.550%$245K$2K10xas long as short
Gate NEAR_USDT+0.0100%8h4.2693−0.168%$30.1M$58.8M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.2700−0.152%$78.0M$140.4M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2740−0.058%$56.0M$43.6M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2697−0.159%$70.9M$126.2M75xas long as short
BingX NEAR-USDC+0.0100%8h4.2680−0.199%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.3020+0.596%$8.0M$17.9Mas long as short
edgeX NEARUSDC+0.0100%4h4.2986+0.518%$245K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2963+0.464%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.2990+0.526%$180K$788K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2741−0.056%$217K$3.4M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.2732−0.077%$57K$194K20xas long as short
SunX NEAR-USDT+0.0100%8h4.2730−0.082%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.2690−0.175%$5K$46K10xas long as short
Phemex NEARUSDT+0.0100%8h4.2700−0.152%$3.9M$8.2M50xas long as short
Extended NEAR-USD+0.0104%1h4.2710−0.129%$4.0M$15.9M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.2720−0.106%$206K$62K3xas long as short
Kraken Futures PF_NEARUSD+0.0119%1h4.2700−0.151%$7.4M$36.9M50xas long as short
01 Exchange NEARUSD+0.0200%1h4.2754−0.026%$13K$7K10xas long as short
BloFin NEAR-USDT+0.0220%8h4.2730−0.082%$13.0M$30.7M75xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0336%1h4.2707−0.135%$1.9M$2.3M25xas long as short
Lighter RH NEAR+0.0344%1h4.2791+0.061%$1.5M$7.0M10xas long as short
GMX NEAR/USD [ETH-USDC]shortL +0.0374% / S −0.0314%1h4.2702−0.148%$274K100x
RISEx NEAR/USDC+0.0404%1h4.2762−0.007%$412K$1.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0431%1h4.2742−0.054%$1.3M$5.6M20xas long as short
Phoenix NEAR+0.0463%1h4.2919+0.360%$1.8M$2.7M10xas long as short
Nado NEAR-PERP+0.0814%1h4.2705−0.140%$1.9M$3.4M10xas long as short
HTX NEAR-USDT+0.0879%8h4.2760−0.011%$457K$3.7M75xas long as short
Hyperliquid NEAR+0.1161%1h4.2770+0.012%$368.6M$298.2M10xas long as short
Aftermath Perps NEARUSD+0.1171%1h4.2947+0.426%$5K$11K10xas long as short
Lighter NEAR+0.1920%1h4.2860+0.222%$16.5M$23.7M15xas long as short