Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.213%

Price spread now: ApeX Omni against Arcus−0.095%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$420.415% of the position

Long on Arcus Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.319%−$32 on $10k

Price spread, last 3 days (all we have)+0.616%+$62 · spread now −0.095%, 7d avg +0.002%

Together, before fees+0.297%+$30 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: ApeX Omni is 0.097% cheaper against Arcus than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.2060	0.0100	pay 0.0013% / 1h	19m 28s	$226K	$1.7M	10x
Short	ApeX Omni NEARUSDT	4.2020	0.0100	get 0.0013% / 1h	19m 28s	$176K	$793K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Arcus. 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 ArcusbpFee ApeX OmnibpOrdersPrice spread, now −0.095%Rate

Funding earned: $0
Price spread: −0.095% → +0.002%: −$9.68
Slippage, 4 orders: −$27.04
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$51.21
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from Arcus: live order book, 5 min ago; ApeX Omni: live order book, 64 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 Arcus live order book, 5 min ago	1.19 bp	3.4 bp −$3	7.4 bp −$74	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 64 min ago	8.49 bp	17.8 bp −$18	92.0 bp −$920	doesn't fit	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	4.2054	−0.013%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.2100	+0.095%	$2.2M	$12.8M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−1.545%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2114	+0.129%	$109K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2053	−0.017%	$431K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2112	+0.124%	$208K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0048%	1h	4.2139	+0.187%	$7.7M	$36.6M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2060	0.000%	$112K	$483K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2110	+0.119%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2158	+0.234%	$3.0M	$5.7M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.2117	+0.136%	$364K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2069	+0.022%	$241.2M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2050	−0.024%	$214.6M	$422.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2050	−0.024%	$58.3M	$278.2M	50x	as long as short
Arcus NEAR-USDlong	+0.0100%	1h	4.2060	long leg	$226K	$1.7M	10x
Gate NEAR_USDT	+0.0100%	8h	4.2095	+0.083%	$30.3M	$57.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2110	+0.119%	$83.7M	$142.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2130	+0.166%	$55.4M	$44.3M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2071	+0.026%	$69.7M	$125.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2060	0.000%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1950	−0.262%	$7.8M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1992	−0.162%	$240K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2030	−0.071%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDTshort	+0.0100%	1h	4.2020	−0.095%	$176K	$793K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2091	+0.074%	$205K	$3.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2085	+0.059%	$54K	$165K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2150	+0.214%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2110	+0.119%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2080	+0.048%	$3.9M	$8.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2042	−0.043%	$240K	$2K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2053	−0.018%	$3.9M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2096	+0.086%	$203K	$62K	3x	as long as short
01 Exchange NEARUSD	+0.0112%	1h	4.2097	+0.088%	$12K	$7K	10x	as long as short
Lighter RH NEAR	+0.0128%	1h	4.2190	+0.309%	$1.5M	$7.0M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2040	−0.048%	$12.4M	$31.4M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0320%	1h	4.2133	+0.174%	$1.9M	$2.2M	25x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.2103	+0.101%	$413K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0382% / S −0.0327%	1h	4.2110	+0.118%	$283K	—	100x	as long as short
Hyperliquid NEAR	+0.0403%	1h	4.2199	+0.330%	$356.3M	$292.6M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0493%	1h	4.2161	+0.240%	$1.2M	$5.7M	20x	as long as short
Nado NEAR-PERP	+0.0513%	1h	4.2037	−0.055%	$1.9M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.2035	−0.059%	$1.7M	$2.7M	10x	as long as short
Lighter NEAR	+0.0792%	1h	4.2195	+0.322%	$16.1M	$23.3M	15x	as long as short
HTX NEAR-USDT	+0.0955%	8h	4.2220	+0.380%	$452K	$3.6M	75x	as long as short
Aftermath Perps NEARUSD	+0.0959%	1h	4.1923	−0.325%	$5K	$11K	10x	as long as short