Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against ApeX Omni−1.123%7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$490.494% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.717%+$72 · spread now −1.123%, 7d avg −0.110%

Together, before fees+0.706%+$71 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: OKX is 1.013% cheaper against ApeX Omni than usual: you would sell low and buy high, −$101 on $10k if it goes back to its 7-day average of −0.110%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni NEARUSDT	4.3640	0.0100	pay 0.0013% / 1h	23m 07s	$168K	$797K	50x
Short	OKX NEAR-USDT-SWAP	4.3150	0.0100	get 0.0100% / 8h	3h 23m	$61.2M	$290.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −1.123%Rate

Funding earned: $0
Price spread: −1.123% → −0.110%: −$101.29
Slippage, 4 orders: −$29.42
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$150.72
Costs to cover: 0.494%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 31 min ago; OKX: 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, 31 min ago	5.74 bp	18.5 bp −$19	117.2 bp −$1,172	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	1.15 bp	7.3 bp −$7	15.7 bp −$157	33.3 bp −$3,327	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	4.3234	−0.931%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3298	−0.783%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3229	−0.942%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.110%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3288	−0.807%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3240	−0.917%	$109K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3170	−1.077%	$264.6M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3150	−1.123%	$213.9M	$428.5M	75x	as long as short
OKX NEAR-USDT-SWAPshort	+0.0100%	8h	4.3150	−1.123%	$61.2M	$290.2M	50x
Bulk NEAR-USD	+0.0100%	1h	4.3250	−0.893%	$246K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3149	−1.125%	$31.9M	$61.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3210	−0.985%	$72.8M	$145.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3200	−1.008%	$53.5M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3156	−1.109%	$71.2M	$128.8M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3150	−1.123%	—	$145.8M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3627	−0.030%	$8.4M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3622	−0.042%	$255K	$947K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3500	−0.321%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDTlong	+0.0100%	1h	4.3640	long leg	$168K	$797K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3253	−0.887%	$279K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3276	−0.834%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3350	−0.665%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3350	−0.665%	$470K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3240	−0.917%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3306	−0.766%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3233	−0.933%	$201K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3260	−0.871%	$13.4M	$32.1M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3338	−0.692%	$407K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0276%	8h	4.3318	−0.738%	$867K	$23.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0323% / S −0.0198%	1h	4.3225	−0.952%	$233K	—	100x	as long as short
Aster NEARUSDT	+0.0333%	8h	4.3170	−1.077%	$2.8M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0372%	1h	4.3245	−0.905%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0528%	1h	4.3235	−0.928%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0572%	1h	4.3210	−0.985%	$1.3M	$6.7M	20x	as long as short
Nado NEAR-PERP	+0.0587%	1h	4.3220	−0.962%	$1.8M	$3.1M	10x	as long as short
Hyperliquid NEAR	+0.0605%	1h	4.3177	−1.061%	$353.6M	$313.7M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3280	−0.825%	$212K	$1.6M	10x	as long as short
Extended NEAR-USD	+0.0632%	1h	4.3234	−0.931%	$3.8M	$20.0M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0713%	1h	4.3228	−0.945%	$7.6M	$39.4M	50x	as long as short
Lighter RH NEAR	+0.0904%	1h	4.3269	−0.850%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3721	+0.186%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1112%	1h	4.3304	−0.769%	$17.5M	$25.0M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3248	−0.899%	$686K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1508%	1h	4.3305	−0.768%	$1.9M	$9.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1574%	1h	4.3462	−0.408%	$5K	$13K	10x	as long as short