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 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against KuCoin−0.581%52s7-day average +0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$660.657% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.034%+$3 on $10k
Price spread, last 3 days (all we have)+0.928%+$93 · spread now −0.581%, 7d avg +0.047%
Together, before fees+0.962%+$96 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 0.628% cheaper against KuCoin than usual: you would sell low and buy high, −$63 on $10k if it goes back to its 7-day average of +0.047%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin NEARUSDTM4.30300.0100pay 0.0100% / 8h7h 52m$56.2M$43.1M75x
ShortApeX Omni NEARUSDT4.27800.0100get 0.0013% / 1h52m 40s$179K$794K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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: −0.581% → +0.047%
−$62.83
Slippage, 4 orders
−$43.72
Fee KuCoin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$128.55
Costs to cover
0.657%
Break-even
never at this rate
Slippage from KuCoin: live order book, 6 min ago; ApeX Omni: live order book, 21 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 KuCoin live order book, 6 min ago1.17 bp15.7 bp −$1629.6 bp −$296100.0 bp −$9,996doesn't fit
Sell ApeX Omni live order book, 21 min ago7.03 bp17.5 bp −$1894.7 bp −$947doesn'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
Phemex NEARUSDT−0.1999%8h4.3080+0.116%$3.9M$8.6M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.3052+0.052%$2K20xas long as short
Kraken Futures PF_NEARUSD−0.0131%1h4.3104+0.171%$7.6M$37.2M50xas long as short
Bybit NEARUSDT−0.0114%8h4.2990−0.093%$219.1M$418.9M75xas long as short
Coinbase International NEAR-PERP-INTX−0.0096%1h4.3061+0.072%$2.3M$13.1M50xas long as short
01 Exchange NEARUSD−0.0008%1h4.3062+0.074%$13K$7K10xas long as short
dYdX NEAR-USD0.0000%1h4.3049+0.044%$112K$64K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.3105+0.174%$378K$18.5M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.3092+0.144%$204K150xas long as short
Variational Omni NEAR+0.0019%8h4.2869−0.374%$7.9M$18.5Mas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.765%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3050+0.046%$112K$478K50xas long as short
Orderly PERP_NEAR_USDC+0.0099%8h4.3100+0.163%$57K$193K20xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.3041+0.025%$31K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.3100+0.163%$3.0M$5.7M50xas long as short
Pacifica NEAR+0.0100%1h4.3042+0.028%$403K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.3052+0.052%$255.6M$1.07B75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3010−0.046%$61.1M$281.7M50xas long as short
Arcus NEAR-USD+0.0100%1h4.3050+0.046%$197K$1.7M10xas long as short
Bulk NEAR-USD+0.0100%1h4.2646−0.892%$243K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3029−0.002%$31.1M$58.5M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3020−0.023%$79.5M$138.4M200xas long as short
KuCoin NEARUSDTMlong+0.0100%8h4.3030long leg$56.2M$43.1M75x
Bitget NEARUSDT+0.0100%8h4.3025−0.012%$71.4M$125.1M75xas long as short
BingX NEAR-USDT+0.0100%8h4.30300.000%$141.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.2790−0.558%$244K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2819−0.491%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDTshort+0.0100%1h4.2780−0.581%$179K$794K50x
Polymarket Perps NEAR-USD+0.0100%1h4.3089+0.137%$193K$3.5M10xas long as short
SunX NEAR-USDT+0.0100%8h4.3140+0.256%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3080+0.116%$5K$53K10xas long as short
Extended NEAR-USD+0.0104%1h4.3007−0.053%$3.9M$16.4M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.3099+0.159%$201K$28K3xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0144%1h4.3116+0.200%$1.9M$2.9M25xas long as short
HTX NEAR-USDT+0.0149%8h4.3190+0.372%$459K$3.6M75xas long as short
BloFin NEAR-USDT+0.0220%8h4.3090+0.139%$13.0M$29.3M75xas long as short
Hyperliquid NEAR+0.0347%1h4.3100+0.163%$367.6M$299.8M10xas long as short
Lighter RH NEAR+0.0360%1h4.3112+0.191%$1.6M$6.8M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0376% / S −0.0313%1h4.3090+0.139%$275K100xas long as short
Nado NEAR-PERP+0.0423%1h4.3010−0.046%$1.9M$3.4M10xas long as short
RISEx NEAR/USDC+0.0428%1h4.3069+0.091%$409K$1.2M10xas long as short
Phoenix NEAR+0.0499%1h4.2848−0.423%$1.8M$2.7M10xas long as short
Backpack NEAR_USDC_PERP+0.0501%1h4.3131+0.235%$1.4M$5.6M20xas long as short
Aftermath Perps NEARUSD+0.1185%1h4.2929−0.234%$5K$12K10xas long as short
Lighter NEAR+0.2032%1h4.3160+0.302%$17.2M$23.8M15xas long as short