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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0147%/8h= −16.1% APRnext payment $0.18 per $10,000 · paid last 24h −0.185%
Price spread now: ApeX Omni against Hyperliquid+0.752%85s7-day average −0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$490.495% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.380%−$38 on $10k
Price spread, last 4 days (all we have)−0.282%−$28 · spread now +0.752%, 7d avg −0.053%
Together, before fees−0.662%+ Points / potential airdropHyperliquid: Season 2 · farm board−$66 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.806% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.752% now, against its 7-day average of −0.053%): +$81 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 18 days. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid NEAR4.45350.0247pay 0.0031% / 1h48m 07s$369.0M$325.4M10x
ShortApeX Omni NEARUSDT4.48700.0100get 0.0013% / 1h48m 07s$172K$792K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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
−$30.83
Price spread: +0.752% → −0.053%
$80.56
Slippage, 4 orders
−$30.47
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$0.26
Costs to cover
0.495%
Break-even
from the start
Slippage from Hyperliquid: live order book, 6 min ago; ApeX Omni: live order book, 11 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 Hyperliquid live order book, 6 min ago1.12 bp8.4 bp −$8doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 11 min ago7.82 bp16.5 bp −$1688.0 bp −$880doesn'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%1h4.4520−0.033%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0008%1h4.4456−0.177%$2.2M$15.4M50xas long as short
dYdX NEAR-USD0.0000%1h4.4571+0.081%$110K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4550+0.034%$621K$22.1M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4519−0.036%$166K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.017%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4620+0.191%$118K$515K50xas long as short
Pacifica NEAR+0.0100%1h4.4602+0.151%$426K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.4496−0.089%$272.8M$1.11B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4479−0.126%$222.8M$424.4M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4460−0.168%$63.6M$302.7M50xas long as short
Bulk NEAR-USD+0.0100%1h4.5100+1.269%$257K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4467−0.153%$32.1M$62.7M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4500−0.079%$75.6M$147.1M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4480−0.123%$55.2M$46.2M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4492−0.097%$73.2M$130.6M75xas long as short
BingX NEAR-USDC+0.0100%8h4.4490−0.101%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.4797+0.589%$8.7M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.4912+0.847%$269K$977K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4926+0.877%$1.5M$1.4M10xas long as short
ApeX Omni NEARUSDTshort+0.0100%1h4.4870+0.752%$172K$792K50x
Polymarket Perps NEAR-USD+0.0100%1h4.4612+0.173%$240K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4506−0.065%$57K$237K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4550+0.034%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4477−0.130%$8K$53K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4570+0.079%$464K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4480−0.123%$3.8M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.4587+0.117%$32K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.4485−0.112%$207K$40K3xas long as short
Extended NEAR-USD+0.0208%1h4.4454−0.183%$4.0M$19.6M25xas long as short
Backpack NEAR_USDC_PERP+0.0217%1h4.4508−0.061%$1.4M$6.6M20xas long as short
BloFin NEAR-USDT+0.0220%8h4.4660+0.281%$14.2M$33.5M75xas long as short
Hyperliquid NEARlong+0.0247%1h4.4535long leg$369.0M$325.4M10x
01 Exchange NEARUSD+0.0264%1h4.4638+0.231%$13K$7K10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0267%1h4.4499−0.081%$2.0M$6.6M25xas long as short
Aster NEARUSDT+0.0300%8h4.4571+0.080%$3.1M$5.6M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0338% / S −0.0216%1h4.4528−0.015%$249K100xas long as short
Lighter RH NEAR+0.0480%1h4.4548+0.029%$1.6M$7.1M10xas long as short
Nado NEAR-PERP+0.0512%1h4.4557+0.049%$1.9M$3.1M10xas long as short
Arcus NEAR-USD+0.0581%1h4.4670+0.303%$221K$1.8M10xas long as short
Kraken Futures PF_NEARUSD+0.0584%1h4.4474−0.138%$8.2M$40.2M50xas long as short
Lighter NEAR+0.0712%1h4.4547+0.028%$18.0M$26.2M15xas long as short
Phoenix NEAR+0.0794%1h4.4822+0.644%$1.9M$2.8M10xas long as short
RISEx NEAR/USDC+0.0926%1h4.4662+0.285%$564K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1574%1h4.4772+0.532%$6K$12K10xas long as short