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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0243%/8h= +26.7% APRnext payment +$0.30 per $10,000 · paid last 24h +0.185%
Price spread now: Hyperliquid against ApeX Omni−0.294%7-day average +0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$490.495% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.380%+$38 on $10k
Price spread, last 4 days (all we have)−0.176%−$18 · spread now −0.294%, 7d avg +0.053%
Together, before fees+0.204%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.347% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.294% now, against its 7-day average of +0.053%). If the spread goes back, that is −$35 on $10k: about 4.8 days of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni NEARUSDT4.49500.0100pay 0.0013% / 1h50m 40s$173K$792K50x
ShortHyperliquid NEAR4.48180.0343get 0.0043% / 1h50m 40s$371.5M$325.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$51.12
Price spread: −0.294% → +0.053%
−$34.7
Slippage, 4 orders
−$30.47
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$33.06
Costs to cover
0.495%
Break-even
11.5 days
Slippage from ApeX Omni: live order book, 8 min ago; Hyperliquid: 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, 8 min ago7.82 bp15.5 bp −$1693.3 bp −$933doesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago1.12 bp9.0 bp −$9doesn't fitdoesn'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
Reya NEARRUSDPERP−0.0171%1h4.4797−0.340%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0008%1h4.4796−0.343%$2.2M$15.4M50xas long as short
dYdX NEAR-USD0.0000%1h4.4694−0.569%$110K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4837−0.251%$619K$22.2M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4818−0.293%$167K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.875%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4670−0.623%$117K$517K50xas long as short
Pacifica NEAR+0.0100%1h4.4740−0.466%$425K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.4693−0.571%$274.0M$1.11B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4626−0.721%$223.7M$425.3M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4610−0.756%$64.0M$303.6M50xas long as short
Bulk NEAR-USD+0.0100%1h4.5100+0.334%$257K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4644−0.681%$32.2M$62.6M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4700−0.556%$76.8M$146.5M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4770−0.400%$55.4M$46.2M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4620−0.734%$73.4M$130.6M75xas long as short
BingX NEAR-USDC+0.0100%8h4.4650−0.667%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.4797−0.340%$8.7M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.4912−0.084%$269K$977K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4926−0.054%$1.5M$1.4M10xas long as short
ApeX Omni NEARUSDTlong+0.0100%1h4.4950long leg$173K$792K50x
Polymarket Perps NEAR-USD+0.0100%1h4.4834−0.258%$235K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4806−0.320%$57K$237K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4880−0.156%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4803−0.327%$8K$53K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4910−0.089%$467K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4780−0.378%$3.8M$8.4M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.4730−0.490%$32K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.4825−0.278%$208K$40K3xas long as short
Extended NEAR-USD+0.0216%1h4.4607−0.764%$4.0M$19.6M25xas long as short
BloFin NEAR-USDT+0.0220%8h4.4840−0.245%$14.2M$33.6M75xas long as short
Backpack NEAR_USDC_PERP+0.0265%1h4.4818−0.294%$1.4M$6.7M20xas long as short
01 Exchange NEARUSD+0.0296%1h4.4687−0.585%$13K$7K10xas long as short
Aster NEARUSDT+0.0307%8h4.4815−0.300%$3.1M$5.6M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0339% / S −0.0216%1h4.4821−0.286%$250K100xas long as short
Hyperliquid NEARshort+0.0343%1h4.4818−0.294%$371.5M$325.0M10x
Nado NEAR-PERP+0.0494%1h4.4783−0.371%$1.9M$3.1M10xas long as short
Lighter RH NEAR+0.0544%1h4.4794−0.347%$1.6M$7.1M10xas long as short
Kraken Futures PF_NEARUSD+0.0579%1h4.4821−0.288%$8.3M$40.3M50xas long as short
Arcus NEAR-USD+0.0581%1h4.4730−0.489%$221K$1.8M10xas long as short
Lighter NEAR+0.0696%1h4.4769−0.402%$18.0M$26.1M15xas long as short
Phoenix NEAR+0.0794%1h4.5018+0.151%$1.9M$2.8M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0866%1h4.4847−0.229%$2.1M$6.5M25xas long as short
RISEx NEAR/USDC+0.0926%1h4.4722−0.506%$565K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1582%1h4.4888−0.138%$6K$12K10xas long as short