Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%

Price spread now: BloFin against ApeX Omni+0.424%7-day average −0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

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

costs, in and out, $10k−$560.563% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.196%+$20 on $10k

Price spread, last 3 days (all we have)−0.662%−$66 · spread now +0.424%, 7d avg −0.067%

Together, before fees−0.466%−$47 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.490% dearer against ApeX Omni than usual: you sell high and buy low: +$49 more if the spread goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni NEARUSDT	4.2500	0.0100	pay 0.0013% / 1h	22m 52s	$178K	$791K	50x
Short	BloFin NEAR-USDT	4.2680	0.0220	get 0.0220% / 8h	22m 52s	$13.1M	$29.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.424%Rate

Funding earned: $25.2
Price spread: +0.424% → −0.067%: $49.01
Slippage, 4 orders: −$34.34
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $17.87
Costs to cover: 0.563%
Break-even: 2.0 days

Slippage from ApeX Omni: live order book, 56 min ago; BloFin: 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, 56 min ago	8.29 bp	16.5 bp −$16	113.4 bp −$1,134	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	5.86 bp	11.9 bp −$12	17.1 bp −$171	42.5 bp −$4,254	129.3 bp −$64.6K

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	4.2659	+0.373%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2585	+0.200%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2627	+0.300%	$110K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2538	+0.089%	$337K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2695	+0.460%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.565%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0062%	8h	4.2470	−0.070%	$7.9M	$18.4M	—	as long as short
Bybit NEARUSDT	+0.0063%	8h	4.2730	+0.541%	$218.1M	$422.0M	75x	as long as short
01 Exchange NEARUSD	+0.0088%	1h	4.2673	+0.407%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2670	+0.400%	$109K	$497K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2621	+0.286%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2760	+0.611%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2638	+0.325%	$399K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2752	+0.593%	$253.1M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2740	+0.565%	$60.8M	$285.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2640	+0.329%	$195K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2551	+0.120%	$242K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2750	+0.588%	$30.7M	$59.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2750	+0.588%	$78.2M	$141.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2770	+0.635%	$55.6M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2735	+0.553%	$71.0M	$126.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2750	+0.588%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2470	−0.070%	$242K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2778	+0.655%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDTlong	+0.0100%	1h	4.2500	long leg	$178K	$791K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2694	+0.456%	$195K	$3.4M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2721	+0.520%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2750	+0.588%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2710	+0.494%	$12K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2730	+0.541%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2720	+0.518%	$3.9M	$16.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2699	+0.469%	$201K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2726	+0.532%	$7.4M	$37.3M	50x	as long as short
BloFin NEAR-USDTshort	+0.0220%	8h	4.2680	+0.424%	$13.1M	$29.3M	75x
Lighter RH NEAR	+0.0336%	1h	4.2787	+0.675%	$1.5M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0314%	1h	4.2701	+0.474%	$274K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2668	+0.396%	$415K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0448%	1h	4.2793	+0.689%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2601	+0.238%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0709%	1h	4.2645	+0.342%	$1.9M	$3.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0710%	1h	4.2747	+0.581%	$1.9M	$2.5M	25x	as long as short
Hyperliquid NEAR	+0.0739%	1h	4.2800	+0.706%	$367.7M	$298.5M	10x	as long as short
HTX NEAR-USDT	+0.0807%	8h	4.2810	+0.729%	$460K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1146%	1h	4.2647	+0.345%	$6K	$11K	10x	as long as short
Lighter NEAR	+0.1696%	1h	4.2833	+0.784%	$16.4M	$23.8M	15x	as long as short