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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%
Price spread now: ApeX Omni against gTrade (Gains Network)+0.302%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$280as in the Price arb table
costs, in and out, $10k−$3033.031% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.091%+$9 on $10k
Price spread, last 3 days (all we have)−0.079%−$8 · spread now +0.302%, 7d avg +0.076%
Together, before fees+0.012%+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.227% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.076%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) NEAR/USD4.3159L +0.0004% / S −0.0004%pay 0.0001% / 1h5m 12s$159K150x
ShortApeX Omni NEARUSDT4.32900.0100get 0.0013% / 1h5m 12s$181K$775K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against gTrade (Gains Network). 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
$20.11
Price spread: +0.302% → +0.076%
$22.65
Slippage, 4 orders
−$283.11
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$260.35
Costs to cover
3.031%
Break-even
97.6 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 4 min ago; ApeX Omni: live order book, 4 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 gTrade (Gains Network) virtual book (oracle venue), 4 min ago130.01 bp135.0 bp −$135875.9 bp −$8,7599405.5 bp −$940.6Kdoesn't fit
Sell ApeX Omni live order book, 4 min ago5.79 bp16.3 bp −$1690.0 bp −$900doesn'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%1h4.3097−0.146%$2K20xas long as short
Kraken Futures PF_NEARUSD−0.0130%1h4.3211+0.120%$7.9M$38.0M50xas long as short
Coinbase International NEAR-PERP-INTX−0.0096%1h4.3161+0.003%$2.1M$13.1M50xas long as short
Kalshi KXNEARPERP0.0000%8h4.3200+0.094%$360K$18.8M2.2xas long as short
dYdX NEAR-USD+0.0004%1h4.3102−0.133%$112K$64K10xas long as short
gTrade (Gains Network) NEAR/USDlongL +0.0004% / S −0.0004%1h4.3159long leg$159K150x
Variational Omni NEAR+0.0010%8h4.3057−0.237%$8.2M$18.8Mas long as short
Phemex NEARUSDT+0.0021%8h4.3340+0.418%$3.9M$8.4M50xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.054%$578$302K12xas long as short
01 Exchange NEARUSD+0.0040%1h4.3165+0.013%$13K$7K10xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex NEARUSDT+0.0096%1h4.3110−0.115%$115K$474K50xas long as short
Orderly PERP_NEAR_USDC+0.0098%8h4.3179+0.045%$57K$162K20xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.3080−0.184%$31K$60810xas long as short
Aster NEARUSDT+0.0100%8h4.3166+0.015%$3.0M$5.8M50xas long as short
Pacifica NEAR+0.0100%1h4.3106−0.124%$401K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.3221+0.144%$257.9M$1.05B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3410+0.580%$220.5M$415.0M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3460+0.696%$61.0M$278.5M50xas long as short
Arcus NEAR-USD+0.0100%1h4.3180+0.047%$205K$1.7M10xas long as short
Bulk NEAR-USD+0.0100%1h4.3243+0.193%$246K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3503+0.796%$31.2M$61.0M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3400+0.557%$75.9M$142.0M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3180+0.047%$56.0M$42.5M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3527+0.851%$72.5M$122.2M75xas long as short
BingX NEAR-USDC+0.0100%8h4.3530+0.858%$6.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.3270+0.256%$258K$1.1M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3241+0.189%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDTshort+0.0100%1h4.3290+0.302%$181K$775K50x
Polymarket Perps NEAR-USD+0.0100%1h4.3137−0.052%$204K$3.4M10xas long as short
SunX NEAR-USDT+0.0100%8h4.3170+0.024%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3181+0.050%$5K$51K10xas long as short
HTX NEAR-USDT+0.0100%8h4.3360+0.465%$456K$3.7M75xas long as short
Extended NEAR-USD+0.0104%1h4.3157−0.006%$3.8M$17.3M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.3167+0.018%$201K$31K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.3250+0.210%$13.2M$27.7M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0375% / S −0.0308%1h4.3126−0.077%$276K100xas long as short
RISEx NEAR/USDC+0.0428%1h4.3176+0.037%$404K$1.2M10xas long as short
Nado NEAR-PERP+0.0439%1h4.3097−0.145%$1.9M$3.1M10xas long as short
Hyperliquid NEAR+0.0444%1h4.3497+0.782%$369.2M$301.3M10xas long as short
Backpack NEAR_USDC_PERP+0.0488%1h4.3544+0.891%$1.3M$5.9M20xas long as short
Lighter RH NEAR+0.0496%1h4.3262+0.237%$1.6M$7.0M10xas long as short
Phoenix NEAR+0.0499%1h4.3218+0.136%$1.8M$2.7M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0538%1h4.3188+0.066%$1.9M$3.9M25xas long as short
Aftermath Perps NEARUSD+0.1497%1h4.3203+0.101%$5K$12K10xas long as short
Lighter NEAR+0.1792%1h4.3403+0.565%$17.3M$24.7M15xas long as short