Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0340%/8h= +37.3% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against edgeX+0.388%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$600.597% of the position

Long on edgeX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.207%−$21 · spread now +0.388%, 7d avg +0.069%

Together, before fees−0.208%+ Points / potential airdropedgeX: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and ApeX Omni is 0.320% dearer against edgeX than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.069%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.4258	0.0100	pay 0.0050% / 4h	1h 55m	$258K	$962K	20x
Short	ApeX Omni NEARUSDT	4.4430	0.0440	get 0.0055% / 1h	55m 25s	$168K	$803K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against edgeX. 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 edgeXbpFee ApeX OmnibpOrdersPrice spread, now +0.388%Rate

Funding earned: $71.45
Price spread: +0.388% → +0.069%: $31.98
Slippage, 4 orders: −$40.66
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $43.76
Costs to cover: 0.597%
Break-even: 2.7 days

Slippage from edgeX: live order book, 43 min ago; ApeX Omni: live order book, 53 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 edgeX live order book, 43 min ago	6.99 bp	13.0 bp −$13	41.1 bp −$411	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 53 min ago	8.16 bp	16.7 bp −$17	89.4 bp −$894	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	4.4453	+0.440%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4297	+0.089%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4369	+0.251%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.435%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4450	+0.434%	$114K	$494K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4410	+0.343%	$226.6M	$424.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4400	+0.321%	$62.6M	$295.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4419	+0.365%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4453	+0.440%	$34.2M	$59.3M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4480	+0.501%	$53.5M	$45.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4444	+0.420%	$73.4M	$125.9M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4407	+0.337%	$8.9M	$18.5M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.4258	long leg	$258K	$962K	20x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4463	+0.463%	$280K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4434	+0.398%	$58K	$242K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4450	+0.434%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4490	+0.524%	$465K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4340	+0.185%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.4397	+0.314%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0120%	8h	4.4390	+0.298%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.4405	+0.332%	$206K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0140%	1h	4.4375	+0.264%	$5K	$52K	10x	as long as short
BingX NEAR-USDT	+0.0154%	8h	4.4460	+0.456%	—	$144.2M	—	as long as short
MEXC NEAR_USDT	+0.0162%	8h	4.4470	+0.479%	$85.4M	$143.5M	200x	as long as short
Binance NEARUSDT	+0.0163%	8h	4.4475	+0.489%	$269.4M	$1.09B	75x	as long as short
BloFin NEAR-USDT	+0.0279%	8h	4.4340	+0.185%	$13.3M	$32.8M	75x	as long as short
Kalshi KXNEARPERP	+0.0304%	8h	4.4302	+0.099%	$1.1M	$24.7M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0201%	1h	4.4435	+0.401%	$238K	—	100x	as long as short
Aster NEARUSDT	+0.0344%	8h	4.4478	+0.496%	$2.9M	$5.0M	50x	as long as short
Extended NEAR-USD	+0.0408%	1h	4.4394	+0.306%	$3.7M	$19.1M	25x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4485	+0.513%	$2.3M	$16.3M	50x	as long as short
ApeX Omni NEARUSDTshort	+0.0440%	1h	4.4430	+0.388%	$168K	$803K	50x
Nado NEAR-PERP	+0.0483%	1h	4.4440	+0.411%	$1.7M	$3.2M	10x	as long as short
01 Exchange NEARUSD	+0.0488%	1h	4.4442	+0.416%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0658%	1h	4.4355	+0.220%	$7.4M	$39.1M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0669%	1h	4.4377	+0.269%	$1.3M	$6.5M	20x	as long as short
Hyperliquid NEAR	+0.0702%	1h	4.4500	+0.547%	$366.1M	$312.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0810%	1h	4.4407	+0.337%	$1.9M	$12.2M	25x	as long as short
Lighter NEAR	+0.0816%	1h	4.4388	+0.293%	$17.4M	$24.6M	15x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4440	+0.411%	$225K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.1024%	1h	4.4379	+0.273%	$1.5M	$6.6M	10x	as long as short
Phoenix NEAR	+0.1033%	1h	4.4512	+0.574%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4334	+0.172%	$408K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1207%	1h	4.4294	+0.080%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4438	+0.406%	$688K	$1.4M	10x	as long as short