Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h 0.000%

Price spread now: BingX against ApeX Omni−0.045%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$9 on $10k

Price spread, last 4 days (all we have)−0.642%−$64 · spread now −0.045%, 7d avg −0.086%

Together, before fees−0.727%−$73 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.041% dearer against ApeX Omni than usual: you sell high and buy low (spread −0.045% now, against its 7-day average of −0.086%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 7 days (−0.085% in total) that is about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni NEARUSDT	4.4450	0.0186	pay 0.0023% / 1h	33m 30s	$172K	$793K	50x
Short	BingX NEAR-USDT	4.4430	0.0100	get 0.0100% / 8h	5h 33m	—	$144.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against ApeX Omni. 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 ApeX OmnibpFee BingXbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$18.01
Price spread: −0.045% → −0.086%: $4.1
Slippage, 4 orders: −$28.33
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$62.24
Costs to cover: 0.483%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 30 min ago; BingX: live order book, 6 min ago.

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 ApeX Omni live order book, 30 min ago	6.87 bp	15.6 bp −$16	102.6 bp −$1,026	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	2.28 bp	8.7 bp −$9	12.4 bp −$124	27.5 bp −$2,746	58.8 bp −$29.4K

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	4.4469	+0.043%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4482	+0.072%	$2.2M	$14.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4384	−0.148%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4474	+0.054%	$656K	$19.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4439	−0.025%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.839%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4490	+0.090%	$116K	$488K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4420	−0.068%	$419K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4467	+0.038%	$269.6M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4510	+0.135%	$224.2M	$418.8M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4370	−0.180%	$63.4M	$293.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	−0.066%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4392	−0.130%	$32.1M	$62.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4450	0.000%	$77.2M	$142.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4400	−0.112%	$56.0M	$44.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4442	−0.018%	$73.2M	$126.7M	75x	as long as short
BingX NEAR-USDTshort	+0.0100%	8h	4.4430	−0.045%	—	$144.9M	—
Variational Omni NEAR	+0.0100%	8h	4.4296	−0.346%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4438	−0.028%	$266K	$988K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4485	+0.078%	$1.5M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4526	+0.171%	$213K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4472	+0.049%	$61K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4540	+0.202%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4472	+0.049%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4580	+0.292%	$464K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4450	0.000%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4416	−0.077%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4414	−0.080%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4484	+0.077%	$207K	$34K	3x	as long as short
ApeX Omni NEARUSDTlong	+0.0186%	1h	4.4450	long leg	$172K	$793K	50x
BloFin NEAR-USDT	+0.0220%	8h	4.4560	+0.247%	$13.8M	$31.6M	75x	as long as short
Aster NEARUSDT	+0.0238%	8h	4.4491	+0.092%	$3.0M	$5.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0245%	1h	4.4435	−0.034%	$261K	—	100x	as long as short
Nado NEAR-PERP	+0.0384%	1h	4.4399	−0.115%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.4514	+0.144%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4500	+0.112%	$212K	$1.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0492%	1h	4.4486	+0.081%	$2.0M	$4.4M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0687%	1h	4.4521	+0.160%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0692%	1h	4.4490	+0.091%	$8.3M	$41.0M	50x	as long as short
Hyperliquid NEAR	+0.0809%	1h	4.4439	−0.025%	$374.1M	$305.1M	10x	as long as short
Lighter RH NEAR	+0.0848%	1h	4.4449	−0.002%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4143	−0.691%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4494	+0.099%	$563K	$1.3M	10x	as long as short
Lighter NEAR	+0.1448%	1h	4.4475	+0.056%	$17.8M	$25.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1696%	1h	4.4151	−0.674%	$6K	$12K	10x	as long as short