Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against MEXC−0.582%7-day average +0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 3 days (all we have)+0.907%+$91 · spread now −0.582%, 7d avg +0.088%

Together, before fees+0.947%+$95 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 0.670% cheaper against MEXC than usual: you would sell low and buy high, −$67 on $10k if it goes back to its 7-day average of +0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.2940	0.0100	pay 0.0100% / 8h	19m 35s	$78.6M	$142.0M	200x
Short	ApeX Omni NEARUSDT	4.2690	0.0100	get 0.0013% / 1h	19m 35s	$178K	$791K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now −0.582%Rate

Funding earned: $0
Price spread: −0.582% → +0.088%: −$67.01
Slippage, 4 orders: −$26.65
Fee MEXC: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$103.66
Costs to cover: 0.367%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; ApeX Omni: live order book, 59 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 MEXC live order book, 5 min ago	1.17 bp	2.9 bp −$3	3.5 bp −$35	76.9 bp −$7,694	107.2 bp −$53.6K
Sell ApeX Omni live order book, 59 min ago	8.29 bp	16.1 bp −$16	93.2 bp −$932	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	4.2937	−0.008%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2899	−0.095%	$2.3M	$13.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2954	+0.032%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2917	−0.054%	$334K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2922	−0.041%	$202K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.563%	$578	$302K	12x	as long as short
Bybit NEARUSDT	+0.0055%	8h	4.2970	+0.070%	$219.2M	$422.3M	75x	as long as short
Variational Omni NEAR	+0.0056%	8h	4.2869	−0.165%	$7.9M	$18.5M	—	as long as short
01 Exchange NEARUSD	+0.0080%	1h	4.3002	+0.144%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2990	+0.116%	$109K	$496K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2935	−0.012%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2963	+0.054%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2990	+0.116%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2967	+0.062%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2996	+0.130%	$254.2M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2990	+0.116%	$61.0M	$287.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2980	+0.093%	$197K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2950	+0.023%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2948	+0.019%	$30.8M	$60.0M	75x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.2940	long leg	$78.6M	$142.0M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.2960	+0.047%	$55.8M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2957	+0.040%	$71.3M	$126.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2950	+0.023%	—	$140.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2658	−0.657%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2722	−0.508%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDTshort	+0.0100%	1h	4.2690	−0.582%	$178K	$791K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3011	+0.165%	$191K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2940	0.000%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2891	−0.114%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2910	−0.070%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2950	+0.022%	$3.9M	$16.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2897	−0.100%	$202K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.2933	−0.015%	$7.7M	$37.5M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2880	−0.140%	$13.0M	$29.4M	75x	as long as short
Lighter RH NEAR	+0.0328%	1h	4.3016	+0.177%	$1.5M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0314%	1h	4.2923	−0.039%	$275K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0402%	1h	4.2959	+0.044%	$1.9M	$2.5M	25x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.3000	+0.140%	$419K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0460%	1h	4.2956	+0.037%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2939	−0.002%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0678%	1h	4.2957	+0.039%	$1.9M	$3.4M	10x	as long as short
Hyperliquid NEAR	+0.0720%	1h	4.3025	+0.198%	$369.7M	$298.8M	10x	as long as short
HTX NEAR-USDT	+0.0799%	8h	4.3010	+0.163%	$462K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1150%	1h	4.2768	−0.400%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1688%	1h	4.3056	+0.270%	$16.5M	$23.9M	15x	as long as short