Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0095%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Paradex+0.261%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.261% dearer against Paradex than usual: you sell high and buy low (spread +0.261% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 9.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex NEAR-USD-PERP	4.2666	0.0100	pay 0.0100% / 8h	13m 25s	$31K	$647	10x
Short	gTrade (Gains Network) NEAR/USD	4.2778	L +0.0004% / S −0.0004%	get 0.0001% / 1h	13m 25s	$203K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Paradex. 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 ParadexbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.261%Rate

Funding earned: −$20.05
Price spread: +0.261% → 0.000%: $26.09
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$7.96
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 1 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) virtual book (oracle venue), 1 min ago	130.01 bp	137.7 bp −$138	1007.8 bp −$10.1K	doesn't fit	doesn't fit

Paradex: 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	4.2711	+0.104%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2495	−0.402%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2663	−0.009%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2676	+0.023%	$363K	$18.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USDshort	L +0.0004% / S −0.0004%	1h	4.2778	+0.261%	$203K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.945%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0047%	8h	4.2759	+0.217%	$7.9M	$18.5M	—	as long as short
Bybit NEARUSDT	+0.0052%	8h	4.2710	+0.102%	$217.6M	$422.6M	75x	as long as short
01 Exchange NEARUSD	+0.0072%	1h	4.2685	+0.044%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2690	+0.055%	$109K	$495K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2540	−0.296%	$56K	$194K	20x	as long as short
Paradex NEAR-USD-PERPlong	+0.0100%	8h	4.2666	long leg	$31K	$647	10x
Aster NEARUSDT	+0.0100%	8h	4.2663	−0.007%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2675	+0.021%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2674	+0.017%	$252.7M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2710	+0.102%	$60.6M	$286.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2680	+0.032%	$195K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2950	+0.665%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2671	+0.011%	$30.4M	$60.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2730	+0.149%	$78.1M	$142.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2750	+0.196%	$55.8M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2715	+0.114%	$70.9M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2660	−0.015%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2693	+0.063%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2783	+0.273%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2690	+0.055%	$178K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2731	+0.151%	$196K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2550	−0.273%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2515	−0.355%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2530	−0.320%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2637	−0.068%	$3.9M	$16.2M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2525	−0.331%	$201K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2549	−0.275%	$7.6M	$37.6M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0126%	1h	4.2561	−0.247%	$1.9M	$2.5M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2680	+0.032%	$13.0M	$29.3M	75x	as long as short
Lighter RH NEAR	+0.0320%	1h	4.2702	+0.083%	$1.6M	$7.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0314%	1h	4.2519	−0.345%	$273K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2688	+0.052%	$418K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0442%	1h	4.2575	−0.214%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2892	+0.529%	$1.8M	$2.7M	10x	as long as short
Hyperliquid NEAR	+0.0673%	1h	4.2780	+0.266%	$365.5M	$301.0M	10x	as long as short
Nado NEAR-PERP	+0.0674%	1h	4.2710	+0.103%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0777%	8h	4.2570	−0.226%	$456K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1115%	1h	4.2758	+0.215%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1688%	1h	4.2777	+0.259%	$16.6M	$24.2M	15x	as long as short