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: Phemex against ApeX Omni+0.783%7-day average −0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs+$7as in the Price arb table

costs, in and out, $10k−$780.776% of the position

Long on ApeX Omni Short on Phemex

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)−1.035%−$104 · spread now +0.783%, 7d avg −0.064%

Together, before fees−1.100%−$110 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: Phemex is 0.847% dearer against ApeX Omni than usual: you sell high and buy low, +$85 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni NEARUSDT	4.3400	0.0100	pay 0.0013% / 1h	34m 52s	$180K	$775K	50x
Short	Phemex NEARUSDT	4.3740	0.0100	get 0.0100% / 8h	6h 34m	$3.9M	$8.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.783%Rate

Funding earned: $0
Price spread: +0.783% → −0.064%: $84.72
Slippage, 4 orders: −$55.59
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: $7.13
Costs to cover: 0.776%
Break-even: from the start

Slippage from ApeX Omni: live order book, 34 min ago; Phemex: 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, 34 min ago	5.79 bp	14.1 bp −$14	99.5 bp −$995	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	6.92 bp	27.3 bp −$27	56.2 bp −$562	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	4.3668	+0.618%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3768	+0.848%	$2.2M	$13.8M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3553	+0.354%	$109K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3676	+0.636%	$535K	$19.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3700	+0.690%	$202K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.585%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0052%	8h	4.3548	+0.342%	$8.3M	$19.1M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3590	+0.438%	$116K	$479K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3726	+0.751%	$58K	$161K	20x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3585	+0.426%	$412K	$1.2M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.3830	+0.991%	$261.9M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3793	+0.906%	$222.6M	$420.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3810	+0.945%	$61.7M	$284.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3640	+0.553%	$207K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	+0.114%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3789	+0.896%	$31.6M	$61.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3800	+0.922%	$76.2M	$138.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3850	+1.037%	$56.3M	$42.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3839	+1.012%	$72.5M	$123.8M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3800	+0.922%	—	$142.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3236	−0.377%	$260K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3339	−0.140%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDTlong	+0.0100%	1h	4.3400	long leg	$180K	$775K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3673	+0.629%	$215K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3800	+0.922%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3725	+0.749%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3850	+1.037%	$453K	$3.9M	75x	as long as short
Phemex NEARUSDTshort	+0.0100%	8h	4.3740	+0.783%	$3.9M	$8.2M	50x
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3549	+0.344%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3779	+0.872%	$3.9M	$17.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3725	+0.749%	$204K	$34K	3x	as long as short
Aster NEARUSDT	+0.0122%	8h	4.3850	+1.037%	$3.1M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0216%	1h	4.3747	+0.800%	$7.7M	$40.3M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3220	−0.415%	$13.2M	$27.6M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0361% / S −0.0278%	1h	4.3679	+0.643%	$262K	—	100x	as long as short
01 Exchange NEARUSD	+0.0368%	1h	4.3669	+0.620%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0432%	1h	4.3695	+0.680%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3654	+0.586%	$546K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3434	+0.078%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0688%	1h	4.3803	+0.929%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0775%	1h	4.3848	+1.032%	$368.0M	$303.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0818%	1h	4.3868	+1.078%	$1.4M	$6.0M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0894%	1h	4.3751	+0.809%	$1.9M	$4.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1439%	1h	4.3386	−0.031%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1480%	1h	4.3822	+0.971%	$17.5M	$24.8M	15x	as long as short