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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: Phemex against ApeX Omni+0.368%7-day average −0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$800.795% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.069%−$7 on $10k
Price spread, last 4 days (all we have)−0.620%−$62 · spread now +0.368%, 7d avg −0.063%
Together, before fees−0.689%−$69 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: Phemex is 0.432% dearer against ApeX Omni than usual: you sell high and buy low, +$43 on $10k if it goes back to its 7-day average of −0.063%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni NEARUSDT4.34300.0100pay 0.0013% / 1h18m 29s$166K$815K50x
ShortPhemex NEARUSDT4.35900.0100get 0.0100% / 8h18m 29s$3.6M$8.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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: +0.368% → −0.063%
$43.17
Slippage, 4 orders
−$57.54
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$36.37
Costs to cover
0.795%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 20 min ago; Phemex: live order book, 5 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, 20 min ago8.10 bp17.3 bp −$1796.4 bp −$964doesn't fitdoesn't fit
Sell Phemex live order book, 5 min ago5.75 bp25.7 bp −$2657.6 bp −$576doesn'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%1h4.3644+0.494%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3624+0.446%$107K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3579+0.344%$163K150xas long as short
Kraken Futures PF_NEARUSD+0.0017%1h4.3577+0.338%$7.1M$38.3M50xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.651%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3680+0.576%$114K$498K50xas long as short
Bybit NEARUSDT+0.0100%8h4.3670+0.553%$220.5M$428.9M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3660+0.530%$61.3M$295.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3601+0.393%$248K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3662+0.534%$35.7M$62.8M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NEARUSDTM+0.0100%8h4.3650+0.507%$52.9M$46.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3667+0.546%$72.3M$127.7M75xas long as short
Variational Omni NEAR+0.0100%8h4.3517+0.201%$8.9M$18.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.3412−0.042%$252K$899K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3550+0.276%$1.4M$1.6M10xas long as short
ApeX Omni NEARUSDTlong+0.0100%1h4.3430long leg$166K$815K50x
Polymarket Perps NEAR-USD+0.0100%1h4.3697+0.615%$279K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3601+0.394%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3670+0.553%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3600+0.391%$5K$50K10xas long as short
Phemex NEARUSDTshort+0.0100%8h4.3590+0.368%$3.6M$8.2M50x
Paradex NEAR-USD-PERP+0.0101%8h4.3660+0.528%$32K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3660+0.529%$3.6M$16.8M25xas long as short
Aevo NEAR-PERP+0.0128%1h4.3615+0.426%$203K$38K3xas long as short
HTX NEAR-USDT+0.0148%8h4.3710+0.645%$465K$3.8M75xas long as short
Aster NEARUSDT+0.0150%8h4.3671+0.556%$2.7M$4.9M50xas long as short
Hyperliquid NEAR+0.0154%1h4.3660+0.530%$351.9M$315.9M10xas long as short
MEXC NEAR_USDT+0.0171%8h4.3670+0.553%$88.9M$152.7M200xas long as short
Binance NEARUSDT+0.0172%8h4.3689+0.595%$264.2M$1.09B75xas long as short
Kalshi KXNEARPERP+0.0178%8h4.3577+0.338%$963K$25.0M2.2xas long as short
BingX NEAR-USDT+0.0180%8h4.3670+0.553%$144.1Mas long as short
01 Exchange NEARUSD+0.0240%1h4.3704+0.631%$13K$7K10xas long as short
BloFin NEAR-USDT+0.0292%8h4.3570+0.322%$13.3M$32.1M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0319% / S −0.0207%1h4.3592+0.374%$236K100xas long as short
Nado NEAR-PERP+0.0379%1h4.3645+0.495%$1.7M$3.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0454%1h4.3641+0.486%$1.0M$7.1M20xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3573+0.329%$2.3M$16.9M50xas long as short
Lighter RH NEAR+0.0536%1h4.3709+0.642%$1.5M$6.7M10xas long as short
Lighter NEAR+0.0560%1h4.3710+0.644%$17.2M$25.3M15xas long as short
Arcus NEAR-USD+0.0638%1h4.3690+0.599%$230K$1.6M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0759%1h4.3632+0.465%$1.9M$13.1M25xas long as short
Pacifica NEAR+0.0949%1h4.3663+0.537%$411K$1.4M10xas long as short
Phoenix NEAR+0.0949%1h4.3607+0.408%$1.8M$2.4M10xas long as short
RISEx NEAR/USDC+0.0965%1h4.3691+0.601%$607K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1136%1h4.3444+0.033%$5K$7K10xas long as short