Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Binance−0.794%49s7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as 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−$470.472% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 4 days (all we have)+1.129%+$113 · spread now −0.794%, 7d avg +0.052%

Together, before fees+1.160%+$116 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 0.846% cheaper against Binance than usual: you would sell low and buy high, −$85 on $10k if it goes back to its 7-day average of +0.052%. The two prices were read 49 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	Binance NEARUSDT	4.5360	0.0100	pay 0.0100% / 8h	4h 08m	$270.9M	$1.10B	75x
Short	ApeX Omni NEARUSDT	4.5000	0.0100	get 0.0013% / 1h	8m 38s	$169K	$820K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.794%Rate

Funding earned: $0
Price spread: −0.794% → +0.052%: −$84.61
Slippage, 4 orders: −$27.24
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$131.86
Costs to cover: 0.472%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; ApeX Omni: live order book, 33 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 Binance live order book, 13 min ago	1.10 bp	7.1 bp −$7	14.4 bp −$144	33.7 bp −$3,367	100.2 bp −$50.1K
Sell ApeX Omni live order book, 33 min ago	7.66 bp	18.1 bp −$18	81.3 bp −$813	doesn't fit	doesn't fit

NEAR on 45 exchanges

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
Kraken Futures PF_NEARUSD	−0.0377%	1h	4.5200	−0.353%	$7.5M	$37.0M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.5138	−0.490%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5307	−0.116%	$111K	$53K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5128	−0.511%	$876K	$27.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0007%	1h	4.5151	−0.461%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.708%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5360	0.000%	$123K	$530K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5343	−0.037%	$2.6M	$5.3M	50x	as long as short
Binance NEARUSDTlong	+0.0100%	8h	4.5360	long leg	$270.9M	$1.10B	75x
Bybit NEARUSDT	+0.0100%	8h	4.5354	−0.013%	$233.6M	$430.1M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5330	−0.066%	$64.5M	$312.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5150	−0.463%	$278K	$25K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5343	−0.037%	$42.4M	$65.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5350	−0.022%	$78.9M	$178.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5300	−0.132%	$56.2M	$45.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5331	−0.064%	$75.7M	$129.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.5360	0.000%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4953	−0.898%	$8.7M	$15.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5032	−0.722%	$249K	$859K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5029	−0.729%	$1.5M	$1.9M	10x	as long as short
ApeX Omni NEARUSDTshort	+0.0100%	1h	4.5000	−0.794%	$169K	$820K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5120	−0.529%	$194K	$4.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5174	−0.410%	$56K	$255K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5200	−0.353%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5210	−0.331%	$6K	$36K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5250	−0.243%	$471K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5250	−0.243%	$3.2M	$8.5M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.5355	−0.012%	$33K	$389	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5329	−0.069%	$3.7M	$15.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5180	−0.397%	$210K	$34K	3x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0185% / S +0.0013%	1h	4.5162	−0.438%	$218K	—	100x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5280	−0.176%	$13.0M	$32.2M	75x	as long as short
Hyperliquid NEAR	+0.0239%	1h	4.5306	−0.120%	$363.6M	$312.1M	10x	as long as short
Arcus NEAR-USD	+0.0253%	1h	4.5370	+0.022%	$229K	$1.4M	10x	as long as short
Lighter RH NEAR	+0.0280%	1h	4.5397	+0.082%	$1.6M	$6.0M	10x	as long as short
01 Exchange NEARUSD	+0.0288%	1h	4.5375	+0.033%	$13K	$4K	10x	as long as short
Nado NEAR-PERP	+0.0393%	1h	4.5135	−0.496%	$1.8M	$3.2M	10x	as long as short
RISEx NEAR/USDC	+0.0478%	1h	4.5368	+0.018%	$569K	$1.8M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0544%	1h	4.5270	−0.198%	$2.3M	$18.0M	50x	as long as short
Pacifica NEAR	+0.0687%	1h	4.5348	−0.025%	$428K	$1.1M	10x	as long as short
Phoenix NEAR	+0.0733%	1h	4.5096	−0.582%	$1.7M	$2.6M	10x	as long as short
Lighter NEAR	+0.0744%	1h	4.5415	+0.120%	$17.9M	$26.9M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.0787%	1h	4.5281	−0.174%	$1.1M	$7.2M	20x	as long as short
Aftermath Perps NEARUSD	+0.1020%	1h	4.5177	−0.403%	$6K	$6K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1055%	1h	4.5267	−0.205%	$2.0M	$13.0M	25x	as long as short