Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.1159%/8h= −126.9% APRnext payment $1.45 per $10,000 · paid last 24h −0.154%
Price spread now: ApeX Omni against RISEx−0.625%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$420.418% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.433%−$43 on $10k
Price spread, last 4 days (all we have)+0.836%+$84 · spread now −0.625%, 7d avg +0.034%
Together, before fees+0.403%+$40 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and ApeX Omni is 0.659% cheaper against RISEx than usual: you would sell low and buy high (−$66 if the spread goes back to its 7-day average of +0.034%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx NEAR/USDC4.50210.1259pay 0.0157% / 1h40m 51s$675K$1.4M10x
ShortApeX Omni NEARUSDT4.47400.0100get 0.0013% / 1h40m 51s$168K$804K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against RISEx. 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
−$243.41
Price spread: −0.625% → +0.034%
−$65.89
Slippage, 4 orders
−$25.81
Fee RISEx: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$351.11
Costs to cover
0.418%
Break-even
never at this rate
Slippage from RISEx: live order book, 3 min ago; ApeX Omni: live order book, 68 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 RISEx live order book, 3 min ago0.57 bp3.6 bp −$49.8 bp −$98doesn't fitdoesn't fit
Sell ApeX Omni live order book, 68 min ago8.16 bp16.7 bp −$1789.4 bp −$894doesn'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%1h4.4988−0.074%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4644−0.838%$110K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4911−0.245%$169K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−8.021%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.5030+0.019%$112K$494K50xas long as short
Bybit NEARUSDT+0.0100%8h4.4643−0.840%$229.7M$430.1M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4610−0.914%$63.4M$299.7M50xas long as short
Bulk NEAR-USD+0.0100%1h4.5008−0.030%$256K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4720−0.669%$35.0M$60.2M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4750−0.603%$53.1M$45.9M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.4710−0.692%$74.0M$127.7M75xas long as short
Variational Omni NEAR+0.0100%8h4.4927−0.209%$9.1M$18.5Mas long as short
edgeX NEARUSDC+0.0100%4h4.4779−0.538%$262K$967K20xas long as short
ApeX Omni NEARUSDTshort+0.0100%1h4.4740−0.625%$168K$804K50x
Polymarket Perps NEAR-USD+0.0100%1h4.5034+0.028%$284K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4952−0.154%$59K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4990−0.070%$2K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.4870−0.336%$469K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4750−0.603%$3.7M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0107%8h4.4931−0.201%$32K$58510xas long as short
GRVT NEAR_USDT_Perp+0.0124%8h4.4854−0.372%$1.5M$1.5M10xas long as short
Aevo NEAR-PERP+0.0128%1h4.4955−0.147%$209K$40K3xas long as short
BingX NEAR-USDC+0.0185%8h4.4740−0.625%$6.7Mas long as short
MEXC NEAR_USDT+0.0187%8h4.4760−0.581%$84.9M$146.0M200xas long as short
Binance NEARUSDT+0.0190%8h4.4726−0.657%$272.3M$1.09B75xas long as short
SoDEX NEAR-USD+0.0194%1h4.4915−0.236%$5K$53K10xas long as short
Kalshi KXNEARPERP+0.0292%8h4.4833−0.418%$1.1M$25.0M2.2xas long as short
Extended NEAR-USD+0.0304%1h4.4698−0.718%$3.7M$18.8M25xas long as short
BloFin NEAR-USDT+0.0310%8h4.4790−0.514%$13.6M$33.0M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0336% / S −0.0229%1h4.4916−0.233%$258K100xas long as short
Aster NEARUSDT+0.0336%8h4.4723−0.662%$2.9M$5.0M50xas long as short
Coinbase International NEAR-PERP-INTX+0.0424%1h4.4871−0.334%$2.3M$16.6M50xas long as short
01 Exchange NEARUSD+0.0480%1h4.5025+0.008%$13K$7K10xas long as short
Nado NEAR-PERP+0.0538%1h4.5020−0.003%$1.8M$3.2M10xas long as short
Hyperliquid NEAR+0.0567%1h4.4765−0.569%$368.8M$311.4M10xas long as short
Backpack NEAR_USDC_PERP+0.0575%1h4.4772−0.554%$1.3M$6.6M20xas long as short
Kraken Futures PF_NEARUSD+0.0650%1h4.4891−0.289%$7.4M$38.3M50xas long as short
Arcus NEAR-USD+0.0880%1h4.5040+0.041%$229K$1.6M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0908%1h4.4955−0.147%$2.0M$12.3M25xas long as short
Lighter RH NEAR+0.0984%1h4.4793−0.507%$1.5M$6.7M10xas long as short
Phoenix NEAR+0.1003%1h4.5134+0.250%$1.9M$2.5M10xas long as short
Lighter NEAR+0.1008%1h4.4760−0.580%$17.5M$24.8M15xas long as short
Pacifica NEAR+0.1187%1h4.4718−0.674%$412K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1241%1h4.4809−0.471%$6K$12K10xas long as short
RISEx NEAR/USDClong+0.1259%1h4.5021long leg$675K$1.4M10x