Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0412%/8h= +45.2% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against GRVT+0.093%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$530.529% of the position

Long on GRVT 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)+0.165%+$16 · spread now +0.093%, 7d avg +0.085%

Together, before fees+0.163%+ Points / potential airdropGRVT: Active · farm board+$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.085%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.

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	GRVT NEAR_USDT_Perp	4.2790	0.0100	pay 0.0100% / 8h	2h 51m	$1.4M	$1.5M	10x
Short	ApeX Omni NEARUSDT	4.2830	0.0512	get 0.0064% / 1h	51m 40s	$165K	$793K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against GRVT. 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 GRVTbpFee ApeX OmnibpOrdersPrice spread, now +0.093%Rate

Funding earned: $86.6
Price spread: +0.093% → +0.085%: $0.84
Slippage, 4 orders: −$33.86
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $34.58
Costs to cover: 0.529%
Break-even: 4.2 days

Slippage from GRVT: live order book, 2 min ago; ApeX Omni: live order book, 62 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 GRVT live order book, 2 min ago	1.17 bp	13.2 bp −$13	35.4 bp −$354	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 62 min ago	5.74 bp	13.6 bp −$14	93.9 bp −$939	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	4.2824	+0.080%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2812	+0.052%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2823	+0.076%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.225%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2860	+0.164%	$111K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2830	+0.093%	$261.2M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2780	−0.023%	$212.2M	$426.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2780	−0.023%	$60.4M	$285.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2835	+0.106%	$244K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2772	−0.042%	$31.9M	$59.5M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.2820	+0.070%	$70.6M	$142.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2820	+0.070%	$53.0M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2760	−0.070%	$70.7M	$127.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2770	−0.047%	—	$144.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2828	+0.088%	$8.1M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2849	+0.137%	$250K	$948K	20x	as long as short
GRVT NEAR_USDT_Perplong	+0.0100%	8h	4.2790	long leg	$1.4M	$1.5M	10x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2866	+0.178%	$273K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2893	+0.241%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2940	+0.351%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2910	+0.280%	$459K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2890	+0.234%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2772	−0.042%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2871	+0.188%	$199K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2850	+0.140%	$13.4M	$31.6M	75x	as long as short
Nado NEAR-PERP	+0.0228%	1h	4.2850	+0.140%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2865	+0.175%	$2.3M	$15.8M	50x	as long as short
Kalshi KXNEARPERP	+0.0271%	8h	4.2855	+0.152%	$828K	$24.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0195%	1h	4.2802	+0.029%	$230K	—	100x	as long as short
Aster NEARUSDT	+0.0335%	8h	4.2820	+0.070%	$2.8M	$5.5M	50x	as long as short
Extended NEAR-USD	+0.0512%	1h	4.2788	−0.004%	$3.7M	$19.9M	25x	as long as short
ApeX Omni NEARUSDTshort	+0.0512%	1h	4.2830	+0.093%	$165K	$793K	50x
SoDEX NEAR-USD	+0.0631%	1h	4.2875	+0.199%	$6K	$53K	10x	as long as short
Hyperliquid NEAR	+0.0652%	1h	4.2887	+0.227%	$350.2M	$311.1M	10x	as long as short
Lighter NEAR	+0.0656%	1h	4.2840	+0.116%	$16.8M	$25.0M	15x	as long as short
01 Exchange NEARUSD	+0.0664%	1h	4.2937	+0.344%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0686%	1h	4.2907	+0.273%	$1.3M	$6.8M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0738%	1h	4.2876	+0.201%	$7.6M	$38.8M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2820	+0.070%	$210K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2828	+0.088%	$393K	$1.3M	10x	as long as short
Lighter RH NEAR	+0.0864%	1h	4.2902	+0.262%	$1.5M	$7.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1010%	1h	4.2911	+0.283%	$1.9M	$10.6M	25x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2873	+0.194%	$1.8M	$2.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2802	+0.029%	$676K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1468%	1h	4.2880	+0.210%	$5K	$12K	10x	as long as short