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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: GRVT against ApeX Omni−0.863%7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$610.606% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.003%$0 on $10k
Price spread, last 4 days (all we have)+0.661%+$66 · spread now −0.863%, 7d avg −0.082%
Together, before fees+0.658%+ Points / potential airdropGRVT: Active · farm board+$66 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: GRVT is 0.781% cheaper against ApeX Omni than usual: you would sell low and buy high, −$78 on $10k if it goes back to its 7-day average of −0.082%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni NEARUSDT4.40500.0100pay 0.0013% / 1h45m 29s$168K$816K50x
ShortGRVT NEAR_USDT_Perp4.36700.0100get 0.0100% / 8h7h 45m$1.4M$1.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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
$0
Price spread: −0.863% → −0.082%
−$78.07
Slippage, 4 orders
−$41.64
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$138.71
Costs to cover
0.606%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 53 min ago; GRVT: live order book, 3 min ago.

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, 53 min ago8.10 bp17.3 bp −$1796.4 bp −$964doesn't fitdoesn't fit
Sell GRVT live order book, 3 min ago2.27 bp16.7 bp −$1739.5 bp −$395doesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex NEARUSDT−0.1118%8h4.4250+0.454%$3.6M$8.2M50xas long as short
Kraken Futures PF_NEARUSD−0.0427%1h4.4263+0.483%$7.3M$38.7M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.4054+0.008%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4063+0.028%$108K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4269+0.498%$166K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.993%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4060+0.023%$119K$509K50xas long as short
Aster NEARUSDT+0.0100%8h4.4074+0.056%$2.8M$4.8M50xas long as short
Bybit NEARUSDT+0.0100%8h4.4074+0.054%$224.3M$431.0M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.40500.000%$62.2M$299.7M50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus NEAR-USD+0.0100%1h4.4070+0.045%$222K$1.5M10xas long as short
Bulk NEAR-USD+0.0100%1h4.3750−0.681%$252K$3K10xas long as short
Gate NEAR_USDT+0.0100%8h4.4030−0.045%$36.6M$61.8M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4090+0.091%$53.0M$45.7M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4067+0.039%$72.7M$128.3M75xas long as short
Variational Omni NEAR+0.0100%8h4.4208+0.358%$9.1M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.3658−0.890%$253K$895K20xas long as short
GRVT NEAR_USDT_Perpshort+0.0100%8h4.3670−0.863%$1.4M$1.6M10x
ApeX Omni NEARUSDTlong+0.0100%1h4.4050long leg$168K$816K50x
Polymarket Perps NEAR-USD+0.0100%1h4.4040−0.023%$275K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4262+0.481%$59K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4330+0.636%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4275+0.511%$5K$50K10xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.4029−0.047%$32K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.4024−0.060%$3.7M$16.0M25xas long as short
Aevo NEAR-PERP+0.0112%1h4.4269+0.498%$206K$40K3xas long as short
MEXC NEAR_USDT+0.0121%8h4.4040−0.023%$92.5M$155.2M200xas long as short
Binance NEARUSDT+0.0122%8h4.4058+0.018%$265.9M$1.09B75xas long as short
BingX NEAR-USDT+0.0132%8h4.4040−0.023%$83.4Mas long as short
Kalshi KXNEARPERP+0.0151%8h4.4198+0.336%$883K$25.3M2.2xas long as short
Hyperliquid NEAR+0.0173%1h4.4102+0.117%$356.3M$318.5M10xas long as short
BloFin NEAR-USDT+0.0241%8h4.4080+0.068%$12.7M$32.6M75xas long as short
Nado NEAR-PERP+0.0251%1h4.4074+0.055%$1.7M$3.2M10xas long as short
01 Exchange NEARUSD+0.0296%1h4.4088+0.086%$13K$7K10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0350% / S −0.0251%1h4.4244+0.441%$259K100xas long as short
Lighter RH NEAR+0.0408%1h4.4190+0.318%$1.5M$6.4M10xas long as short
HTX NEAR-USDT+0.0484%8h4.4380+0.749%$469K$3.8M75xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.4303+0.574%$2.3M$17.4M50xas long as short
Lighter NEAR+0.0488%1h4.4209+0.361%$17.4M$23.8M15xas long as short
Backpack NEAR_USDC_PERP+0.0613%1h4.4257+0.470%$1.1M$7.2M20xas long as short
RISEx NEAR/USDC+0.0656%1h4.4055+0.010%$601K$1.5M10xas long as short
Pacifica NEAR+0.0701%1h4.4141+0.206%$416K$1.4M10xas long as short
Phoenix NEAR+0.0740%1h4.4222+0.390%$1.8M$2.4M10xas long as short
Aftermath Perps NEARUSD+0.1055%1h4.3884−0.377%$5K$7K10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1875%1h4.4339+0.656%$1.9M$13.1M25xas long as short