Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bulk against ApeX Omni+0.030%55s7-day average −0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$620.620% of the position

Long on ApeX Omni Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.542%−$54 · spread now +0.030%, 7d avg −0.084%

Together, before fees−0.542%−$54 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.114% dearer against ApeX Omni than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.084%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni NEARUSDT	4.2960	0.0100	pay 0.0013% / 1h	0m 39s	$165K	$794K	50x
Short	Bulk NEAR-USD	4.2973	0.0100	get 0.0013% / 1h	0m 39s	$245K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → −0.084%: $11.44
Slippage, 4 orders: −$45
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$50.55
Costs to cover: 0.620%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 53 min ago; Bulk: live order book, 53 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, 53 min ago	5.74 bp	18.5 bp −$19	117.2 bp −$1,172	doesn't fit	doesn't fit
Sell Bulk live order book, 53 min ago	11.45 bp	15.0 bp −$15	15.0 bp −$150	32.8 bp −$3,279	63.3 bp −$31.7K

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	4.2898	−0.144%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2882	−0.181%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2865	−0.221%	$161K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.608%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.2938	−0.051%	$2.3M	$15.7M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2950	−0.023%	$111K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2939	−0.050%	$261.8M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2923	−0.086%	$212.7M	$426.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2940	−0.047%	$60.6M	$285.7M	50x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.2973	+0.030%	$245K	−$0	10x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.2918	−0.098%	$31.9M	$62.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2950	−0.023%	$72.5M	$147.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2880	−0.186%	$53.2M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2947	−0.030%	$71.0M	$127.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2960	0.000%	—	$144.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2857	−0.239%	$8.1M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2978	+0.043%	$251K	$950K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2967	+0.017%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDTlong	+0.0100%	1h	4.2960	long leg	$165K	$794K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2944	−0.037%	$267K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2906	−0.126%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3030	+0.163%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2990	+0.070%	$458K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2920	−0.093%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2913	−0.108%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2910	−0.116%	$200K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2930	−0.070%	$13.4M	$31.6M	75x	as long as short
Kalshi KXNEARPERP	+0.0250%	8h	4.2955	−0.012%	$773K	$23.9M	2.2x	as long as short
Pacifica NEAR	+0.0263%	1h	4.2906	−0.125%	$396K	$1.3M	10x	as long as short
SoDEX NEAR-USD	+0.0303%	1h	4.2885	−0.175%	$6K	$53K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0322% / S −0.0198%	1h	4.2856	−0.242%	$231K	—	100x	as long as short
Aster NEARUSDT	+0.0329%	8h	4.2931	−0.068%	$2.8M	$5.5M	50x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.2979	+0.044%	$13K	$7K	10x	as long as short
Extended NEAR-USD	+0.0528%	1h	4.2950	−0.023%	$3.7M	$19.8M	25x	as long as short
Hyperliquid NEAR	+0.0543%	1h	4.2890	−0.163%	$350.9M	$313.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0562%	1h	4.2908	−0.121%	$1.3M	$6.8M	20x	as long as short
Nado NEAR-PERP	+0.0562%	1h	4.2935	−0.058%	$1.8M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.2990	+0.070%	$211K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0719%	1h	4.2886	−0.173%	$7.5M	$38.9M	50x	as long as short
Lighter RH NEAR	+0.0904%	1h	4.2968	+0.019%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3300	+0.791%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1024%	1h	4.2979	+0.045%	$17.3M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.2972	+0.028%	$662K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1290%	1h	4.2935	−0.058%	$1.9M	$10.0M	25x	as long as short
Aftermath Perps NEARUSD	+0.1500%	1h	4.3028	+0.158%	$5K	$12K	10x	as long as short