Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0340%/8h= −37.3% APRpaid last 24h 0.000%

Price spread now: edgeX against ApeX Omni−0.387%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$600.597% of the position

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.206%+$21 · spread now −0.387%, 7d avg −0.069%

Together, before fees+0.207%+ Points / potential airdropedgeX: Active · farm board+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and edgeX is 0.318% cheaper against ApeX Omni than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of −0.069%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.001% in total (about 0.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni NEARUSDT	4.4430	0.0440	pay 0.0055% / 1h	55m 38s	$168K	$803K	50x
Short	edgeX NEARUSDC	4.4258	0.0100	get 0.0050% / 4h	1h 55m	$258K	$962K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.387%Rate

Funding earned: −$71.45
Price spread: −0.387% → −0.069%: −$31.83
Slippage, 4 orders: −$40.66
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$162.94
Costs to cover: 0.597%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 53 min ago; edgeX: live order book, 43 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	8.16 bp	18.0 bp −$18	120.5 bp −$1,205	doesn't fit	doesn't fit
Sell edgeX live order book, 43 min ago	6.99 bp	11.9 bp −$12	26.2 bp −$262	doesn't fit	doesn't fit

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	4.4383	−0.106%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4297	−0.298%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4369	−0.137%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.797%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4450	+0.045%	$114K	$494K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4440	+0.023%	$226.7M	$424.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4390	−0.090%	$62.5M	$295.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4419	−0.024%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4392	−0.086%	$34.2M	$59.3M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4430	0.000%	$53.5M	$45.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4378	−0.117%	$73.3M	$125.9M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4407	−0.051%	$8.9M	$18.5M	—	as long as short
edgeX NEARUSDCshort	+0.0100%	4h	4.4258	−0.387%	$258K	$962K	20x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4385	−0.101%	$58K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4450	+0.045%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4490	+0.135%	$465K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4340	−0.203%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.4397	−0.074%	$32K	$585	10x	as long as short
Polymarket Perps NEAR-USD	+0.0114%	1h	4.4423	−0.016%	$277K	$4.0M	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0120%	8h	4.4390	−0.090%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.4405	−0.056%	$206K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0140%	1h	4.4375	−0.124%	$5K	$52K	10x	as long as short
BingX NEAR-USDC	+0.0154%	8h	4.4410	−0.045%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0162%	8h	4.4390	−0.090%	$85.2M	$143.5M	200x	as long as short
Binance NEARUSDT	+0.0163%	8h	4.4452	+0.050%	$269.2M	$1.09B	75x	as long as short
BloFin NEAR-USDT	+0.0279%	8h	4.4340	−0.203%	$13.3M	$32.8M	75x	as long as short
Kalshi KXNEARPERP	+0.0304%	8h	4.4302	−0.288%	$1.1M	$24.7M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0201%	1h	4.4361	−0.156%	$238K	—	100x	as long as short
Aster NEARUSDT	+0.0344%	8h	4.4452	+0.050%	$2.9M	$5.0M	50x	as long as short
Extended NEAR-USD	+0.0408%	1h	4.4394	−0.082%	$3.7M	$19.1M	25x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4485	+0.124%	$2.3M	$16.3M	50x	as long as short
ApeX Omni NEARUSDTlong	+0.0440%	1h	4.4430	long leg	$168K	$803K	50x
Nado NEAR-PERP	+0.0446%	1h	4.4430	0.000%	$1.7M	$3.2M	10x	as long as short
01 Exchange NEARUSD	+0.0488%	1h	4.4442	+0.027%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0658%	1h	4.4355	−0.168%	$7.4M	$39.1M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0669%	1h	4.4377	−0.119%	$1.3M	$6.5M	20x	as long as short
Hyperliquid NEAR	+0.0682%	1h	4.4374	−0.126%	$365.1M	$312.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0810%	1h	4.4407	−0.052%	$1.9M	$12.2M	25x	as long as short
Lighter NEAR	+0.0816%	1h	4.4388	−0.095%	$17.4M	$24.6M	15x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4440	+0.023%	$225K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.1024%	1h	4.4379	−0.115%	$1.5M	$6.6M	10x	as long as short
Phoenix NEAR	+0.1033%	1h	4.4593	+0.367%	$1.8M	$2.4M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4334	−0.215%	$408K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1223%	1h	4.4274	−0.351%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4438	+0.018%	$688K	$1.4M	10x	as long as short