Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against ApeX Omni+0.882%66s7-day average −0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as 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−$370.373% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)−1.501%−$150 · spread now +0.882%, 7d avg −0.086%

Together, before fees−1.531%−$153 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: MEXC is 0.967% dearer against ApeX Omni than usual: you sell high and buy low, +$97 on $10k if it goes back to its 7-day average of −0.086%. The two prices were read 66 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	4.4220	0.0100	pay 0.0013% / 1h	20m 20s	$166K	$825K	50x
Short	MEXC NEAR_USDT	4.4610	0.0100	get 0.0100% / 8h	7h 20m	$91.6M	$160.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.882%Rate

Funding earned: $0
Price spread: +0.882% → −0.086%: $96.75
Slippage, 4 orders: −$27.31
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $59.43
Costs to cover: 0.373%
Break-even: from the start

Slippage from ApeX Omni: live order book, 14 min ago; MEXC: live order book, 4 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, 14 min ago	4.59 bp	13.7 bp −$14	84.9 bp −$849	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.27 bp	3.7 bp −$4	6.0 bp −$60	42.8 bp −$4,275	86.2 bp −$43.1K

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
Kraken Futures PF_NEARUSD	−0.0423%	1h	4.4672	+1.022%	$7.4M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4589	+0.833%	$2K	—	20x	as long as short
Phemex NEARUSDT	−0.0150%	8h	4.4660	+0.995%	$3.6M	$7.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4489	+0.608%	$109K	$65K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0009%	1h	4.4610	+0.881%	$149K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.355%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4520	+0.678%	$123K	$501K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4572	+0.796%	$2.8M	$4.6M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4647	+0.967%	$269.1M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4638	+0.945%	$225.2M	$426.3M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4640	+0.950%	$62.7M	$300.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4520	+0.678%	$225K	$1.5M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	−1.063%	$252K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4604	+0.868%	$37.5M	$62.5M	75x	as long as short
MEXC NEAR_USDTshort	+0.0100%	8h	4.4610	+0.882%	$91.6M	$160.1M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.4540	+0.724%	$53.4M	$45.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4652	+0.977%	$73.7M	$127.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4630	+0.927%	—	$83.4M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4199	−0.048%	$9.2M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4218	−0.005%	$256K	$894K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4259	+0.087%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDTlong	+0.0100%	1h	4.4220	long leg	$166K	$825K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4575	+0.803%	$278K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4666	+1.009%	$57K	$238K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4740	+1.176%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4685	+1.052%	$5K	$49K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.4490	+0.611%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4644	+0.959%	$3.7M	$15.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4670	+1.018%	$208K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0137%	8h	4.4246	+0.059%	$875K	$25.5M	2.2x	as long as short
Nado NEAR-PERP	+0.0213%	1h	4.4625	+0.916%	$1.7M	$3.2M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4310	+0.204%	$12.7M	$32.6M	75x	as long as short
Hyperliquid NEAR	+0.0287%	1h	4.4572	+0.796%	$362.2M	$316.2M	10x	as long as short
01 Exchange NEARUSD	+0.0320%	1h	4.4541	+0.726%	$13K	$6K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0357% / S −0.0259%	1h	4.4572	+0.796%	$261K	—	100x	as long as short
Lighter RH NEAR	+0.0440%	1h	4.4565	+0.780%	$1.5M	$6.5M	10x	as long as short
Lighter NEAR	+0.0480%	1h	4.4440	+0.497%	$17.5M	$24.0M	15x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.4658	+0.991%	$2.3M	$17.5M	50x	as long as short
HTX NEAR-USDT	+0.0497%	8h	4.4750	+1.199%	$473K	$3.7M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0542%	1h	4.4310	+0.204%	$1.1M	$7.1M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.4622	+0.908%	$603K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.4485	+0.600%	$419K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.4057	−0.369%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1007%	1h	4.4120	−0.227%	$6K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.2930%	1h	4.4792	+1.294%	$2.0M	$13.1M	25x	as long as short