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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.036%
Price spread now: ApeX Omni against BloFin+0.044%103s7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$560.565% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.196%−$20 on $10k
Price spread, last 4 days (all we have)+0.605%+$60 · spread now +0.044%, 7d avg +0.067%
Together, before fees+0.408%+$41 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and ApeX Omni is 0.023% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.067%). Swap the legs. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin NEAR-USDT4.53000.0220pay 0.0220% / 8h5h 07m$14.0M$34.0M75x
ShortApeX Omni NEARUSDT4.53200.0100get 0.0013% / 1h7m 32s$174K$797K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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
−$25.2
Price spread: +0.044% → +0.067%
−$2.25
Slippage, 4 orders
−$34.47
Fee BloFin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$83.92
Costs to cover
0.565%
Break-even
never at this rate
Slippage from BloFin: live order book, 7 min ago; ApeX Omni: live order book, 56 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 BloFin live order book, 7 min ago5.47 bp11.5 bp −$1113.5 bp −$13536.9 bp −$3,686106.8 bp −$53.4K
Sell ApeX Omni live order book, 56 min ago6.87 bp16.7 bp −$1782.0 bp −$820doesn'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%1h4.4874−0.940%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0016%1h4.5238−0.137%$2.2M$15.6M50xas long as short
dYdX NEAR-USD0.0000%1h4.5041−0.571%$111K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.5306+0.013%$525K$21.4M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.5237−0.139%$169K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−8.587%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4960−0.751%$113K$513K50xas long as short
Pacifica NEAR+0.0100%1h4.5048−0.556%$430K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.5019−0.620%$276.3M$1.11B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4784−1.139%$224.6M$425.9M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4850−0.993%$64.7M$305.8M50xas long as short
Bulk NEAR-USD+0.0100%1h4.5467+0.368%$259K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.5046−0.561%$32.7M$65.0M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.5080−0.486%$78.1M$148.5M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.5110−0.419%$55.8M$45.7M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4874−0.940%$74.0M$130.3M75xas long as short
BingX NEAR-USDT+0.0100%8h4.5050−0.552%$146.9Mas long as short
Variational Omni NEAR+0.0100%8h4.5696+0.874%$8.8M$18.3Mas long as short
edgeX NEARUSDC+0.0100%4h4.5326+0.058%$272K$976K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.5311+0.024%$1.5M$1.4M10xas long as short
ApeX Omni NEARUSDTshort+0.0100%1h4.5320+0.044%$174K$797K50x
Polymarket Perps NEAR-USD+0.0100%1h4.4862−0.967%$222K$3.8M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.5248−0.115%$58K$237K20xas long as short
SunX NEAR-USDT+0.0100%8h4.5340+0.088%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.5233−0.148%$8K$54K10xas long as short
HTX NEAR-USDT+0.0100%8h4.5360+0.132%$469K$4.1M75xas long as short
Phemex NEARUSDT+0.0100%8h4.5230−0.155%$3.8M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.5031−0.593%$33K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.5255−0.099%$210K$40K3xas long as short
Extended NEAR-USD+0.0176%1h4.5022−0.613%$4.2M$19.3M25xas long as short
BloFin NEAR-USDTlong+0.0220%8h4.5300long leg$14.0M$34.0M75x
Aster NEARUSDT+0.0299%8h4.5067−0.515%$3.1M$5.5M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0360% / S −0.0248%1h4.5234−0.146%$273K100xas long as short
01 Exchange NEARUSD+0.0392%1h4.5060−0.530%$13K$7K10xas long as short
Arcus NEAR-USD+0.0410%1h4.5120−0.397%$218K$1.8M10xas long as short
Nado NEAR-PERP+0.0433%1h4.4850−0.993%$1.9M$3.2M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0524%1h4.5277−0.051%$2.0M$4.5M25xas long as short
Backpack NEAR_USDC_PERP+0.0564%1h4.5245−0.121%$1.4M$6.7M20xas long as short
Kraken Futures PF_NEARUSD+0.0681%1h4.5265−0.078%$8.4M$41.3M50xas long as short
Lighter RH NEAR+0.0704%1h4.5118−0.402%$1.6M$7.2M10xas long as short
Hyperliquid NEAR+0.0802%1h4.5120−0.397%$377.5M$321.3M10xas long as short
Phoenix NEAR+0.0855%1h4.5453+0.338%$1.9M$2.7M10xas long as short
RISEx NEAR/USDC+0.0924%1h4.5077−0.492%$576K$1.4M10xas long as short
Lighter NEAR+0.1136%1h4.5101−0.438%$18.1M$27.0M15xas long as short
Aftermath Perps NEARUSD+0.1596%1h4.5385+0.187%$6K$12K10xas long as short