Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0334%/8h= +36.6% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Bitget−0.254%113s7-day average +0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as 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−$550.548% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.581%+$58 · spread now −0.254%, 7d avg +0.090%

Together, before fees+0.641%+$64 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.344% cheaper against Bitget than usual: you would sell low and buy high (spread −0.254% now, against its 7-day average of +0.090%). If the spread goes back, that is −$34 on $10k: about 3.4 days of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.060% in total) that is about 40 days. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.060% in total (about 3.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.4142	0.0100	pay 0.0100% / 8h	2h 03m	$72.8M	$127.0M	75x
Short	ApeX Omni NEARUSDT	4.4030	0.0434	get 0.0054% / 1h	3m 37s	$168K	$797K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.254%Rate

Funding earned: $70.16
Price spread: −0.254% → +0.090%: −$34.41
Slippage, 4 orders: −$32.84
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$19.1
Costs to cover: 0.548%
Break-even: 8.9 days

Slippage from Bitget: live order book, 5 min ago; ApeX Omni: live order book, 45 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 Bitget live order book, 5 min ago	0.80 bp	9.6 bp −$10	16.8 bp −$168	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 45 min ago	8.16 bp	16.7 bp −$17	89.4 bp −$894	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	4.4107	−0.079%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4137	−0.011%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4128	−0.031%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.189%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4170	+0.063%	$117K	$497K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4177	+0.079%	$222.0M	$423.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4150	+0.018%	$62.3M	$294.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3500	−1.454%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4144	+0.005%	$33.7M	$61.3M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4210	+0.154%	$53.3M	$46.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDTlong	+0.0100%	8h	4.4142	long leg	$72.8M	$127.0M	75x
Variational Omni NEAR	+0.0100%	8h	4.4197	+0.125%	$8.9M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4038	−0.236%	$257K	$964K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4185	+0.097%	$272K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4168	+0.059%	$58K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4240	+0.222%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4180	+0.086%	$468K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4150	+0.018%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4140	−0.005%	$32K	$608	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0111%	8h	4.4060	−0.186%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.4170	+0.063%	$205K	$40K	3x	as long as short
BingX NEAR-USDT	+0.0133%	8h	4.4150	+0.018%	—	$143.7M	—	as long as short
MEXC NEAR_USDT	+0.0143%	8h	4.4160	+0.041%	$83.7M	$146.7M	200x	as long as short
Binance NEARUSDT	+0.0144%	8h	4.4200	+0.132%	$268.6M	$1.09B	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.4256	+0.258%	$2.3M	$16.4M	50x	as long as short
BloFin NEAR-USDT	+0.0262%	8h	4.4150	+0.018%	$13.3M	$32.6M	75x	as long as short
Kalshi KXNEARPERP	+0.0311%	8h	4.4137	−0.011%	$1.0M	$24.7M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0201%	1h	4.4133	−0.021%	$236K	—	100x	as long as short
Aster NEARUSDT	+0.0343%	8h	4.4160	+0.041%	$2.8M	$5.2M	50x	as long as short
Nado NEAR-PERP	+0.0391%	1h	4.4135	−0.016%	$1.7M	$3.2M	10x	as long as short
ApeX Omni NEARUSDTshort	+0.0434%	1h	4.4030	−0.254%	$168K	$797K	50x
Extended NEAR-USD	+0.0448%	1h	4.4127	−0.033%	$3.7M	$19.2M	25x	as long as short
SoDEX NEAR-USD	+0.0493%	1h	4.4145	+0.007%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0680%	1h	4.4197	+0.125%	$363.7M	$311.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0696%	1h	4.4198	+0.127%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0712%	1h	4.4229	+0.197%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0716%	1h	4.4141	−0.003%	$7.3M	$39.1M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.4180	+0.086%	$225K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.4167	+0.058%	$405K	$1.4M	10x	as long as short
Lighter NEAR	+0.0928%	1h	4.4216	+0.168%	$17.4M	$25.3M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.4241	+0.224%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1109%	1h	4.4196	+0.122%	$2.0M	$12.1M	25x	as long as short
Lighter RH NEAR	+0.1112%	1h	4.4212	+0.159%	$1.5M	$7.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.4169	+0.062%	$701K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1247%	1h	4.3901	−0.545%	$5K	$12K	10x	as long as short