Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Paradex−0.110%50s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.110% cheaper against Paradex than usual: you would sell low and buy high, −$11 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex NEAR-USD-PERP	4.3658	0.0101	pay 0.0101% / 8h	5h 53m	$32K	$608	10x
Short	ApeX Omni NEARUSDT	4.3610	0.0100	get 0.0013% / 1h	53m 59s	$194K	$777K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Paradex. 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 ParadexbpFee ApeX OmnibpOrdersPrice spread, now −0.110%Rate

Funding earned: −$0.25
Price spread: −0.110% → 0.000%: −$11.03
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$25.28
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; ApeX Omni: live order book, 10 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 10 min ago	6.87 bp	16.7 bp −$17	82.0 bp −$820	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NEAR on 44 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	4.3669	+0.024%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3617	−0.094%	$2.2M	$14.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3653	−0.013%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3767	+0.249%	$550K	$19.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3675	+0.040%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.149%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3640	−0.042%	$114K	$488K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3679	+0.048%	$412K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3736	+0.178%	$265.5M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3730	+0.165%	$220.7M	$416.6M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3730	+0.165%	$62.2M	$288.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	−0.003%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3701	+0.098%	$31.5M	$61.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3730	+0.165%	$75.9M	$139.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3730	+0.165%	$54.2M	$43.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3746	+0.201%	$71.8M	$126.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3690	+0.073%	—	$144.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3808	+0.343%	$8.4M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3645	−0.030%	$267K	$993K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3657	−0.003%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDTshort	+0.0100%	1h	4.3610	−0.110%	$194K	$777K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3711	+0.121%	$204K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3738	+0.183%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3700	+0.096%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3745	+0.199%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3750	+0.210%	$457K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3700	+0.096%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERPlong	+0.0101%	8h	4.3658	long leg	$32K	$608	10x
Extended NEAR-USD	+0.0104%	1h	4.3736	+0.179%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3761	+0.236%	$204K	$34K	3x	as long as short
Aster NEARUSDT	+0.0187%	8h	4.3750	+0.210%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0243%	1h	4.3676	+0.041%	$255K	—	100x	as long as short
01 Exchange NEARUSD	+0.0400%	1h	4.3693	+0.080%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0408%	1h	4.3668	+0.024%	$1.9M	$3.0M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3680	+0.050%	$208K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0588%	1h	4.3754	+0.220%	$1.4M	$6.4M	20x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3900	+0.554%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0642%	1h	4.3777	+0.272%	$1.9M	$4.3M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0704%	1h	4.3766	+0.247%	$8.2M	$41.0M	50x	as long as short
Hyperliquid NEAR	+0.0771%	1h	4.3763	+0.240%	$368.5M	$303.8M	10x	as long as short
Lighter RH NEAR	+0.0816%	1h	4.3788	+0.297%	$1.6M	$6.9M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3682	+0.054%	$551K	$1.3M	10x	as long as short
Lighter NEAR	+0.0944%	1h	4.3827	+0.386%	$17.5M	$25.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1691%	1h	4.3719	+0.138%	$5K	$12K	10x	as long as short