Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0135%/8h= +14.8% APRnext payment +$0.17 per $10,000 · paid last 24h +0.046%
Price spread now: GMX against ApeX Omni−0.117%7-day average −0.089% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.255%+$26 on $10k
Price spread, last 4 days (all we have)−0.443%−$44 · spread now −0.117%, 7d avg −0.089%
Together, before fees−0.188%−$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.028% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.117% now, against its 7-day average of −0.089%). If the spread goes back, that is −$3 on $10k: about 16 hours of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni NEARUSDT4.50500.0100pay 0.0013% / 1h1m 12s$168K$828K50x
ShortGMX NEAR/USD [ETH-USDC]4.4997L +0.0342% / S −0.0235%get 0.0029% / 1h1m 12s$259K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$28.33
Price spread: −0.117% → −0.089%
−$2.76
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$3.57
Costs to cover
0.220%
Break-even
6.1 days
Slippage unknown: ApeX Omni: live order book, 50 min ago; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 50 min ago8.99 bp17.4 bp −$1796.7 bp −$967doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.4889−0.357%$2K20xas long as short
Kraken Futures PF_NEARUSD−0.0140%1h4.5052+0.005%$7.5M$37.7M50xas long as short
Kalshi KXNEARPERP0.0000%8h4.5036−0.031%$814K$26.3M2.2xas long as short
dYdX NEAR-USD+0.0002%1h4.4963−0.194%$110K$53K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.5009−0.091%$169K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−8.080%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.5020−0.067%$124K$519K50xas long as short
Aster NEARUSDT+0.0100%8h4.5060+0.022%$2.7M$4.7M50xas long as short
Binance NEARUSDT+0.0100%8h4.50500.000%$273.8M$1.10B75xas long as short
Bybit NEARUSDT+0.0100%8h4.5030−0.044%$233.1M$432.6M75xas long as short
Show all 45 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.5060+0.022%$64.5M$307.0M50xas long as short
Arcus NEAR-USD+0.0100%1h4.5040−0.022%$228K$1.4M10xas long as short
Bulk NEAR-USD+0.0100%1h4.5100+0.111%$269K$12K10xas long as short
Gate NEAR_USDT+0.0100%8h4.5047−0.007%$39.9M$64.1M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.5060+0.022%$77.3M$173.1M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.5070+0.044%$53.5M$45.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.5027−0.051%$74.7M$129.4M75xas long as short
BingX NEAR-USDC+0.0100%8h4.50500.000%$6.7Mas long as short
Variational Omni NEAR+0.0100%8h4.5024−0.057%$9.0M$17.4Mas long as short
edgeX NEARUSDC+0.0100%4h4.5052+0.004%$266K$870K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.5020−0.067%$1.5M$1.7M10xas long as short
ApeX Omni NEARUSDTlong+0.0100%1h4.5050long leg$168K$828K50x
Polymarket Perps NEAR-USD+0.0100%1h4.5043−0.016%$282K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.5061+0.024%$58K$269K20xas long as short
SunX NEAR-USDT+0.0100%8h4.5160+0.244%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.5065+0.033%$5K$40K10xas long as short
HTX NEAR-USDT+0.0100%8h4.5090+0.089%$468K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.5010−0.089%$3.4M$7.9M50xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.4962−0.196%$32K$5110xas long as short
Extended NEAR-USD+0.0104%1h4.5040−0.021%$3.8M$15.1M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.5044−0.014%$209K$38K3xas long as short
01 Exchange NEARUSD+0.0192%1h4.5027−0.051%$13K$5K10xas long as short
BloFin NEAR-USDT+0.0220%8h4.5100+0.111%$12.9M$32.9M75xas long as short
Hyperliquid NEAR+0.0305%1h4.5098+0.107%$363.9M$318.3M10xas long as short
Lighter NEAR+0.0312%1h4.5067+0.038%$17.6M$24.0M15xas long as short
GMX NEAR/USD [ETH-USDC]shortL +0.0342% / S −0.0235%1h4.4997−0.117%$259K100x
Nado NEAR-PERP+0.0381%1h4.5040−0.022%$1.7M$3.2M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0520%1h4.5034−0.036%$2.3M$17.7M50xas long as short
RISEx NEAR/USDC+0.0569%1h4.5036−0.031%$639K$1.6M10xas long as short
Lighter RH NEAR+0.0616%1h4.5111+0.135%$1.6M$6.1M10xas long as short
Backpack NEAR_USDC_PERP+0.0699%1h4.5091+0.091%$1.1M$7.0M20xas long as short
Phoenix NEAR+0.0851%1h4.5120+0.155%$1.7M$2.5M10xas long as short
Pacifica NEAR+0.0883%1h4.4986−0.142%$418K$1.4M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0949%1h4.5091+0.091%$1.9M$13.0M25xas long as short
Aftermath Perps NEARUSD+0.1203%1h4.5055+0.011%$6K$7K10xas long as short