Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.129%

Price spread now: ApeX Omni against HTX−0.385%7-day average −0.174% · you buy dearer than you sell

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$750.748% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.572%−$57 on $10k

Price spread, last 4 days (all we have)+0.603%+$60 · spread now −0.385%, 7d avg −0.174%

Together, before fees+0.031%+$3 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: ApeX Omni is 0.211% cheaper against HTX than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.174%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.4180	0.0100	pay 0.0100% / 8h	4h 35m	$457K	$4.0M	75x
Short	ApeX Omni NEARUSDT	4.4010	0.0100	get 0.0013% / 1h	35m 33s	$169K	$791K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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 HTXbpFee ApeX OmnibpOrdersPrice spread, now −0.385%Rate

Funding earned: $0
Price spread: −0.385% → −0.174%: −$21.12
Slippage, 4 orders: −$52.81
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$95.93
Costs to cover: 0.748%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; ApeX Omni: live order book, 23 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 HTX live order book, 3 min ago	6.79 bp	22.5 bp −$23	80.2 bp −$802	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 23 min ago	7.82 bp	16.5 bp −$16	88.0 bp −$880	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	4.4098	−0.186%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4100	−0.181%	$2.2M	$15.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4052	−0.290%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4100	−0.181%	$606K	$22.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3993	−0.423%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.270%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4120	−0.136%	$117K	$514K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4064	−0.263%	$421K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4154	−0.058%	$270.0M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4100	−0.181%	$221.8M	$424.2M	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	4.4110	−0.158%	$62.6M	$299.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4550	+0.837%	$254K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4078	−0.231%	$32.0M	$63.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4100	−0.181%	$74.9M	$148.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4100	−0.181%	$54.8M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4100	−0.181%	$72.5M	$130.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4120	−0.136%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3977	−0.459%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4041	−0.314%	$264K	$978K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4010	−0.385%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDTshort	+0.0100%	1h	4.4010	−0.385%	$169K	$791K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4122	−0.131%	$235K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4073	−0.242%	$56K	$217K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4200	+0.045%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4085	−0.215%	$8K	$53K	10x	as long as short
HTX NEAR-USDTlong	+0.0100%	8h	4.4180	long leg	$457K	$4.0M	75x
Phemex NEARUSDT	+0.0100%	8h	4.4090	−0.204%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4027	−0.347%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4096	−0.189%	$205K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0161%	1h	4.4166	−0.032%	$364.2M	$324.9M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0202%	1h	4.4106	−0.167%	$1.3M	$6.6M	20x	as long as short
Extended NEAR-USD	+0.0208%	1h	4.4086	−0.212%	$4.0M	$19.6M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4000	−0.407%	$13.8M	$32.7M	75x	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.4156	−0.054%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0287%	8h	4.4016	−0.372%	$3.0M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0329% / S −0.0206%	1h	4.3985	−0.441%	$239K	—	100x	as long as short
Lighter RH NEAR	+0.0456%	1h	4.4081	−0.224%	$1.5M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0552%	1h	4.4078	−0.230%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4180	0.000%	$222K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0589%	1h	4.4111	−0.157%	$8.1M	$39.9M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0658%	1h	4.4114	−0.149%	$1.9M	$6.8M	25x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4338	+0.358%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.0888%	1h	4.4112	−0.155%	$17.8M	$26.3M	15x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4171	−0.021%	$562K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1568%	1h	4.4307	+0.287%	$6K	$12K	10x	as long as short