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 +0.013%
Price spread now: ApeX Omni against Bybit−0.225%7-day average +0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$500.496% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.065%+$6 on $10k
Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.225%, 7d avg +0.110%
Together, before fees+0.130%+$13 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 0.335% cheaper against Bybit than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of +0.110%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit NEARUSDT4.35280.0100pay 0.0100% / 8h21m 13s$219.8M$429.0M75x
ShortApeX Omni NEARUSDT4.34300.0100get 0.0013% / 1h21m 13s$166K$815K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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: −0.225% → +0.110%
−$33.53
Slippage, 4 orders
−$28.62
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$83.14
Costs to cover
0.496%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; ApeX Omni: live order book, 18 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 Bybit live order book, 3 min ago1.15 bp8.0 bp −$814.4 bp −$14432.0 bp −$3,199131.4 bp −$65.7K
Sell ApeX Omni live order book, 18 min ago8.10 bp16.2 bp −$1675.5 bp −$755doesn'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%1h4.3503−0.058%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3500−0.065%$107K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3521−0.016%$163K150xas long as short
Kraken Futures PF_NEARUSD+0.0017%1h4.3507−0.049%$7.1M$38.3M50xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.866%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3520−0.018%$113K$498K50xas long as short
Bybit NEARUSDTlong+0.0100%8h4.3528long leg$219.8M$429.0M75x
OKX NEAR-USDT-SWAP+0.0100%8h4.3540+0.028%$61.0M$294.1M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3196−0.763%$246K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3518−0.023%$35.5M$62.7M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NEARUSDTM+0.0100%8h4.3520−0.018%$52.8M$46.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3524−0.009%$72.0M$127.8M75xas long as short
Variational Omni NEAR+0.0100%8h4.3237−0.669%$8.8M$18.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.3412−0.267%$252K$899K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3235−0.673%$1.4M$1.6M10xas long as short
ApeX Omni NEARUSDTshort+0.0100%1h4.3430−0.225%$166K$815K50x
Polymarket Perps NEAR-USD+0.0100%1h4.3531+0.007%$279K$4.2M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3557+0.067%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3600+0.165%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3530+0.005%$5K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3520−0.018%$3.5M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3526−0.004%$31K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3518−0.022%$3.6M$16.9M25xas long as short
Aevo NEAR-PERP+0.0128%1h4.3558+0.069%$203K$38K3xas long as short
HTX NEAR-USDT+0.0145%8h4.3650+0.280%$465K$3.8M75xas long as short
Aster NEARUSDT+0.0157%8h4.3530+0.005%$2.7M$4.9M50xas long as short
Hyperliquid NEAR+0.0171%1h4.3542+0.032%$350.9M$315.5M10xas long as short
MEXC NEAR_USDT+0.0176%8h4.3530+0.005%$87.9M$152.5M200xas long as short
Binance NEARUSDT+0.0176%8h4.3550+0.051%$263.8M$1.09B75xas long as short
Kalshi KXNEARPERP+0.0177%8h4.3466−0.142%$967K$25.0M2.2xas long as short
BingX NEAR-USDT+0.0184%8h4.3530+0.005%$144.5Mas long as short
01 Exchange NEARUSD+0.0248%1h4.3541+0.030%$13K$7K10xas long as short
BloFin NEAR-USDT+0.0296%8h4.3520−0.018%$13.4M$32.1M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0319% / S −0.0207%1h4.3525−0.006%$235K100xas long as short
Nado NEAR-PERP+0.0394%1h4.3500−0.064%$1.7M$3.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0438%1h4.3471−0.131%$1.0M$7.1M20xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.35280.000%$2.3M$16.9M50xas long as short
Lighter RH NEAR+0.0560%1h4.3582+0.124%$1.5M$6.7M10xas long as short
Lighter NEAR+0.0584%1h4.3582+0.125%$17.2M$25.3M15xas long as short
Arcus NEAR-USD+0.0638%1h4.3540+0.028%$229K$1.6M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0922%1h4.3571+0.099%$1.9M$13.2M25xas long as short
Pacifica NEAR+0.0949%1h4.3532+0.010%$410K$1.4M10xas long as short
Phoenix NEAR+0.0949%1h4.3607+0.181%$1.8M$2.4M10xas long as short
RISEx NEAR/USDC+0.0965%1h4.3535+0.016%$606K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1165%1h4.3352−0.405%$5K$7K10xas long as short