Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against ApeX Omni−1.747%96s7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as 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−$640.636% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)+1.845%+$185 · spread now −1.747%, 7d avg −0.101%

Together, before fees+1.815%+$181 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: Gate is 1.646% cheaper against ApeX Omni than usual: you would sell low and buy high, −$165 on $10k if it goes back to its 7-day average of −0.101%. The two prices were read 96 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	ApeX Omni NEARUSDT	4.4540	0.0100	pay 0.0013% / 1h	15m 48s	$183K	$765K	50x
Short	Gate NEAR_USDT	4.3762	0.0100	get 0.0100% / 8h	6h 15m	$31.6M	$62.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against ApeX Omni. 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 ApeX OmnibpFee GatebpOrdersPrice spread, now −1.747%Rate

Funding earned: $0
Price spread: −1.747% → −0.101%: −$164.6
Slippage, 4 orders: −$38.59
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$228.19
Costs to cover: 0.636%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 53 min ago; Gate: live order book, 3 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 ApeX Omni live order book, 53 min ago	5.79 bp	14.1 bp −$14	99.5 bp −$995	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	4.28 bp	14.1 bp −$14	19.9 bp −$199	39.0 bp −$3,900	60.5 bp −$30.2K

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	4.3815	−1.628%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3911	−1.412%	$2.2M	$14.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3856	−1.535%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3875	−1.493%	$599K	$20.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3910	−1.415%	$194K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.027%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0088%	8h	4.3887	−1.466%	$8.5M	$18.5M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3830	−1.594%	$112K	$496K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3885	−1.472%	$412K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3800	−1.661%	$265.9M	$1.08B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.3780	−1.706%	$222.1M	$422.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3760	−1.751%	$62.4M	$290.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3890	−1.459%	$209K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3850	−1.549%	$250K	−$0	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.3762	−1.747%	$31.6M	$62.7M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.3850	−1.549%	$75.1M	$143.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3860	−1.527%	$53.8M	$43.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3793	−1.677%	$72.1M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3770	−1.729%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4564	+0.053%	$281K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4520	−0.045%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDTlong	+0.0100%	1h	4.4540	long leg	$183K	$765K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3871	−1.502%	$208K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3929	−1.372%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3950	−1.325%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3880	−1.482%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3990	−1.235%	$454K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3870	−1.504%	$3.9M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3832	−1.590%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3825	−1.606%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3923	−1.385%	$205K	$34K	3x	as long as short
Aster NEARUSDT	+0.0176%	8h	4.3880	−1.481%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0216%	1h	4.3887	−1.467%	$8.0M	$40.9M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0242%	1h	4.3881	−1.479%	$256K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0387%	1h	4.3957	−1.309%	$1.9M	$4.2M	25x	as long as short
Nado NEAR-PERP	+0.0408%	1h	4.3838	−1.576%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0424%	1h	4.3831	−1.592%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3847	−1.555%	$554K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4150	−0.876%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0792%	1h	4.3924	−1.383%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0907%	1h	4.3961	−1.300%	$370.3M	$309.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0920%	1h	4.3934	−1.361%	$1.4M	$6.3M	20x	as long as short
Aftermath Perps NEARUSD	+0.1618%	1h	4.4191	−0.784%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1752%	1h	4.3984	−1.249%	$17.6M	$25.7M	15x	as long as short