Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: ApeX Omni against Polymarket Perps−0.662%63s7-day average +0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.499% of the position

Long on Polymarket Perps Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 3 days (all we have)+1.751%+$175 · spread now −0.662%, 7d avg +0.089%

Together, before fees+1.779%+$178 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 0.751% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$75 on $10k if it goes back to its 7-day average of +0.089%. The two prices were read 63 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	Polymarket Perps NEAR-USD	4.1404	0.0100	pay 0.0013% / 1h	8m 06s	$201K	$3.1M	10x
Short	ApeX Omni NEARUSDT	4.1130	0.0100	get 0.0013% / 1h	8m 06s	$181K	$792K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Polymarket Perps. 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 Polymarket PerpsbpFee ApeX OmnibpOrdersPrice spread, now −0.662%Rate

Funding earned: $0
Price spread: −0.662% → +0.089%: −$75.11
Slippage, 4 orders: −$31.91
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$125.01
Costs to cover: 0.499%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 6 min ago; ApeX Omni: live order book, 16 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 Polymarket Perps live order book, 6 min ago	1.94 bp	5.9 bp −$6	8.1 bp −$81	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 16 min ago	8.49 bp	17.8 bp −$18	92.0 bp −$920	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	4.1379	−0.061%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1380	−0.058%	$2.1M	$12.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1354	−0.121%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1372	−0.077%	$397K	$18.4M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.1365	−0.094%	$1.8M	$2.1M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1399	−0.012%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	+0.014%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1380	−0.058%	$108K	$490K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1345	−0.142%	$53K	$157K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1344	−0.144%	$30K	$647	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.1369	−0.086%	$2.9M	$5.9M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1354	−0.121%	$348K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1274	−0.314%	$235.2M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1259	−0.350%	$210.0M	$428.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1270	−0.324%	$56.3M	$275.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1150	−0.613%	$234K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1320	−0.203%	$29.4M	$58.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1320	−0.203%	$80.7M	$144.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1340	−0.155%	$55.8M	$44.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1276	−0.309%	$68.6M	$127.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1320	−0.203%	—	$136.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1114	−0.700%	$7.6M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1110	−0.710%	$234K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1103	−0.727%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDTshort	+0.0100%	1h	4.1130	−0.662%	$181K	$792K	50x
Polymarket Perps NEAR-USDlong	+0.0100%	1h	4.1404	long leg	$201K	$3.1M	10x
SunX NEAR-USDT	+0.0100%	8h	4.1390	−0.034%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1315	−0.215%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1320	−0.203%	$3.8M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1258	−0.352%	$3.7M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1331	−0.176%	$200K	$61K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1380	−0.058%	$308K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0150%	1h	4.1338	−0.159%	$7.3M	$37.0M	50x	as long as short
01 Exchange NEARUSD	+0.0160%	1h	4.1394	−0.024%	$12K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1270	−0.324%	$12.3M	$33.6M	75x	as long as short
Lighter RH NEAR	+0.0248%	1h	4.1358	−0.111%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0359%	1h	4.1345	−0.142%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0373% / S −0.0317%	1h	4.1392	−0.029%	$273K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1391	−0.030%	$413K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1233	−0.413%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0744%	1h	4.1361	−0.104%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0744%	1h	4.1377	−0.066%	$15.2M	$23.0M	15x	as long as short
Hyperliquid NEAR	+0.0868%	1h	4.1350	−0.130%	$347.1M	$298.8M	10x	as long as short
Aftermath Perps NEARUSD	+0.0931%	1h	4.1265	−0.335%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1072%	8h	4.1470	+0.159%	$446K	$3.7M	75x	as long as short