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Funding arb · Price arb /

NEAR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Phemex−0.936%7-day average +0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$850.855% of the position
Long on PhemexShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days+0.064%+$6 on $10k
Price spread, last 3 days (all we have)+1.137%+$114 · spread now −0.936%, 7d avg +0.066%
Together, before fees+1.201%+$120 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 1.002% cheaper against Phemex than usual: you would sell low and buy high, −$100 on $10k if it goes back to its 7-day average of +0.066%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex NEARUSDT4.27200.0100pay 0.0100% / 8h7h 28m$3.8M$8.6M50x
ShortApeX Omni NEARUSDT4.23200.0100get 0.0013% / 1h28m 54s$177K$788K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phemex. 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: −0.936% → +0.066%
−$100.25
Slippage, 4 orders
−$63.48
Fee Phemex: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$185.73
Costs to cover
0.855%
Break-even
never at this rate
Slippage from Phemex: live order book, 5 min ago; ApeX Omni: live order book, 45 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 Phemex live order book, 5 min ago10.64 bp29.2 bp −$2951.2 bp −$512doesn't fitdoesn't fit
Sell ApeX Omni live order book, 45 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
Reya NEARRUSDPERP−0.0171%1h4.2780+0.140%$2K—20xas long as short
Kraken Futures PF_NEARUSD−0.0132%1h4.2728+0.018%$7.2M$37.4M50xas long as short
Coinbase International NEAR-PERP-INTX−0.0096%1h4.2777+0.133%$2.2M$12.9M50xas long as short
Bybit NEARUSDT−0.0051%8h4.2753+0.077%$216.0M$416.1M75xas long as short
01 Exchange NEARUSD−0.0024%1h4.2901+0.424%$13K$7K10xas long as short
Variational Omni NEAR−0.0005%8h4.2608−0.261%$8.0M$18.7M—as long as short
dYdX NEAR-USD0.0000%1h4.2858+0.323%$111K$64K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.2838+0.276%$416K$18.5M2.2xas long as short
Gate NEAR_USDT+0.0003%8h4.2772+0.122%$30.7M$59.5M75xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.2751+0.074%$203K—150xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.066%$578$302K12xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0054%1h4.2712−0.019%$1.9M$3.4M25xas long as short
Popdex NEARUSDT+0.0096%1h4.2890+0.398%$114K$482K50xas long as short
Orderly PERP_NEAR_USDC+0.0098%8h4.2700−0.047%$57K$193K20xas long as short
Paradex NEAR-USD-PERP+0.0099%8h4.2862+0.332%$31K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.2816+0.226%$2.9M$5.7M50xas long as short
Pacifica NEAR+0.0100%1h4.2849+0.301%$396K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.2769+0.114%$253.2M$1.06B75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2770+0.117%$60.1M$278.4M50xas long as short
Arcus NEAR-USD+0.0100%1h4.2900+0.421%$197K$1.7M10xas long as short
Bulk NEAR-USD+0.0100%1h4.2709−0.025%$243K−$010xas long as short
MEXC NEAR_USDT+0.0100%8h4.2780+0.140%$77.0M$140.3M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2780+0.140%$56.1M$42.8M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2784+0.150%$70.9M$124.6M75xas long as short
BingX NEAR-USDT+0.0100%8h4.2750+0.070%—$141.9M—as long as short
edgeX NEARUSDC+0.0100%4h4.2606−0.267%$254K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2603−0.274%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDTshort+0.0100%1h4.2320−0.936%$177K$788K50x
Polymarket Perps NEAR-USD+0.0100%1h4.2835+0.269%$206K$3.5M10xas long as short
SunX NEAR-USDT+0.0100%8h4.2860+0.328%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.2700−0.047%$5K$52K10xas long as short
HTX NEAR-USDT+0.0100%8h4.2990+0.632%$461K$3.6M75xas long as short
Phemex NEARUSDTlong+0.0100%8h4.2720long leg$3.8M$8.6M50x
Extended NEAR-USD+0.0104%1h4.2751+0.072%$3.8M$16.9M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.2685−0.082%$199K$28K3xas long as short
Hyperliquid NEAR+0.0159%1h4.2839+0.279%$359.2M$304.9M10xas long as short
BloFin NEAR-USDT+0.0220%8h4.2730+0.023%$13.0M$28.1M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0372% / S −0.0306%1h4.2745+0.060%$272K—100xas long as short
Lighter RH NEAR+0.0376%1h4.2770+0.117%$1.6M$6.9M10xas long as short
Backpack NEAR_USDC_PERP+0.0409%1h4.2813+0.218%$1.3M$5.8M20xas long as short
RISEx NEAR/USDC+0.0428%1h4.2921+0.471%$407K$1.2M10xas long as short
Nado NEAR-PERP+0.0459%1h4.2812+0.215%$1.9M$3.2M10xas long as short
Phoenix NEAR+0.0499%1h4.2669−0.119%$1.8M$2.7M10xas long as short
Aftermath Perps NEARUSD+0.1313%1h4.2608−0.262%$5K$12K10xas long as short
Lighter NEAR+0.1904%1h4.2835+0.269%$17.1M$24.2M15xas long as short