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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0242%/8h= −26.5% APRnext payment $0.30 per $10,000 · paid last 24h −0.070%
Price spread now: ApeX Omni against GMX−0.464%7-day average +0.089% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.227%−$23 on $10k
Price spread, last 4 days (all we have)+0.719%+$72 · spread now −0.464%, 7d avg +0.089%
Together, before fees+0.492%+$49 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and ApeX Omni is 0.553% cheaper against GMX than usual: you would sell low and buy high (−$55 if the spread goes back to its 7-day average of +0.089%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX NEAR/USD [ETH-USDC]4.3643L +0.0342% / S −0.0240%pay 0.0043% / 1h7m 01s$255K100x
ShortApeX Omni NEARUSDT4.34400.0100get 0.0013% / 1h7m 01s$166K$816K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against GMX. 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
−$50.74
Price spread: −0.464% → +0.089%
−$55.3
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$128.04
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 32 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell ApeX Omni live order book, 32 min ago8.10 bp16.2 bp −$1675.5 bp −$755doesn't fitdoesn't fit
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h4.3702+0.137%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3742+0.227%$108K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3672+0.068%$163K150xas long as short
Kraken Futures PF_NEARUSD+0.0017%1h4.3651+0.019%$7.2M$38.6M50xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.116%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3810+0.384%$114K$498K50xas long as short
Bybit NEARUSDT+0.0100%8h4.3675+0.074%$220.8M$428.6M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3680+0.086%$61.6M$296.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3750+0.246%$249K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3680+0.086%$35.9M$63.1M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NEARUSDTM+0.0100%8h4.3670+0.063%$52.9M$45.9M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3682+0.090%$72.2M$127.9M75xas long as short
Variational Omni NEAR+0.0100%8h4.3490−0.351%$8.9M$18.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.3477−0.380%$252K$894K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3514−0.295%$1.4M$1.6M10xas long as short
ApeX Omni NEARUSDTshort+0.0100%1h4.3440−0.464%$166K$816K50x
Polymarket Perps NEAR-USD+0.0100%1h4.3815+0.395%$277K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3681+0.088%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3710+0.154%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3655+0.028%$5K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3670+0.063%$3.6M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3741+0.226%$32K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3634−0.020%$3.6M$16.5M25xas long as short
Aster NEARUSDT+0.0119%8h4.3695+0.119%$2.7M$4.8M50xas long as short
Aevo NEAR-PERP+0.0120%1h4.3670+0.063%$203K$38K3xas long as short
Hyperliquid NEAR+0.0141%1h4.3721+0.180%$352.7M$315.7M10xas long as short
Binance NEARUSDT+0.0152%8h4.3695+0.119%$264.0M$1.09B75xas long as short
MEXC NEAR_USDT+0.0154%8h4.3700+0.131%$90.1M$154.3M200xas long as short
HTX NEAR-USDT+0.0155%8h4.3750+0.246%$466K$3.8M75xas long as short
Kalshi KXNEARPERP+0.0171%8h4.3667+0.056%$959K$25.1M2.2xas long as short
BingX NEAR-USDC+0.0171%8h4.3690+0.109%$6.7Mas long as short
01 Exchange NEARUSD+0.0232%1h4.3846+0.466%$13K$7K10xas long as short
BloFin NEAR-USDT+0.0272%8h4.3690+0.109%$13.4M$32.2M75xas long as short
GMX NEAR/USD [ETH-USDC]longL +0.0342% / S −0.0240%1h4.3643long leg$255K100x
Nado NEAR-PERP+0.0362%1h4.3761+0.272%$1.7M$3.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0469%1h4.3716+0.168%$1.1M$7.2M20xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3761+0.271%$2.3M$17.0M50xas long as short
Lighter RH NEAR+0.0496%1h4.3698+0.127%$1.5M$6.8M10xas long as short
Lighter NEAR+0.0552%1h4.3743+0.229%$17.2M$25.4M15xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0598%1h4.3691+0.111%$1.9M$13.1M25xas long as short
Arcus NEAR-USD+0.0638%1h4.3820+0.406%$229K$1.5M10xas long as short
Pacifica NEAR+0.0949%1h4.3748+0.241%$412K$1.4M10xas long as short
Phoenix NEAR+0.0949%1h4.3865+0.510%$1.8M$2.4M10xas long as short
RISEx NEAR/USDC+0.0965%1h4.3815+0.396%$607K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1107%1h4.3672+0.068%$5K$7K10xas long as short