Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against ApeX Omni+0.970%112s7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

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

costs, in and out, $10k−$680.677% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 3 days (all we have)−1.450%−$145 · spread now +0.970%, 7d avg −0.055%

Together, before fees−1.485%−$148 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: KuCoin is 1.025% dearer against ApeX Omni than usual: you sell high and buy low, +$102 on $10k if it goes back to its 7-day average of −0.055%. The two prices were read 112 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	4.1240	0.0100	pay 0.0013% / 1h	47m 46s	$181K	$793K	50x
Short	KuCoin NEARUSDTM	4.1640	0.0100	get 0.0100% / 8h	1h 47m	$56.3M	$44.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.970%Rate

Funding earned: $0
Price spread: +0.970% → −0.055%: $102.46
Slippage, 4 orders: −$45.68
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $34.78
Costs to cover: 0.677%
Break-even: from the start

Slippage from ApeX Omni: live order book, 36 min ago; KuCoin: live order book, 6 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, 36 min ago	8.49 bp	16.9 bp −$17	121.5 bp −$1,215	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	1.21 bp	13.9 bp −$14	33.5 bp −$335	92.0 bp −$9,199	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	4.1534	+0.713%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1379	+0.337%	$2.1M	$12.6M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	+0.412%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1611	+0.900%	$107K	$56K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1543	+0.735%	$435K	$18.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1565	+0.788%	$206K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0049%	1h	4.1596	+0.862%	$7.5M	$36.8M	50x	as long as short
01 Exchange NEARUSD	+0.0064%	1h	4.1562	+0.781%	$12K	$7K	10x	as long as short
Lighter NEAR	+0.0096%	1h	4.1676	+1.056%	$15.3M	$22.5M	15x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1540	+0.727%	$111K	$493K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1583	+0.832%	$54K	$157K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1609	+0.894%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1660	+1.018%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1605	+0.885%	$350K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1596	+0.864%	$237.2M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1557	+0.769%	$212.1M	$426.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1550	+0.752%	$56.9M	$274.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1580	+0.824%	$308K	$1.6M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1570	+0.800%	$29.6M	$56.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1580	+0.824%	$81.9M	$141.0M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.1640	+0.970%	$56.3M	$44.7M	75x
Bitget NEARUSDT	+0.0100%	8h	4.1564	+0.786%	$69.0M	$125.8M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1540	+0.727%	—	$136.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1461	+0.537%	$7.7M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1473	+0.564%	$236K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1500	+0.631%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDTlong	+0.0100%	1h	4.1240	long leg	$181K	$793K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1577	+0.817%	$199K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1570	+0.800%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1560	+0.776%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1570	+0.800%	$3.8M	$8.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1450	+0.509%	$236K	$4K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1533	+0.711%	$3.8M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1570	+0.800%	$200K	$62K	3x	as long as short
Lighter RH NEAR	+0.0128%	1h	4.1632	+0.951%	$1.4M	$6.9M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1460	+0.533%	$12.2M	$33.4M	75x	as long as short
Hyperliquid NEAR	+0.0344%	1h	4.1669	+1.041%	$350.1M	$298.2M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1559	+0.774%	$411K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0380% / S −0.0327%	1h	4.1575	+0.813%	$280K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0472%	1h	4.1611	+0.900%	$1.2M	$5.7M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0495%	1h	4.1614	+0.907%	$1.8M	$2.1M	25x	as long as short
Nado NEAR-PERP	+0.0501%	1h	4.1509	+0.653%	$1.8M	$3.6M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1447	+0.502%	$1.7M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.0898%	1h	4.1437	+0.477%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1016%	8h	4.1670	+1.043%	$446K	$3.6M	75x	as long as short