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+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.023%
Price spread now: ApeX Omni against Injective+5.144%7-day average −0.421% · you sell dearer than you buy
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 7 days−0.004%$0 on $10k
Price spread, last 4 days (all we have)−6.736%−$674 · spread now +5.144%, 7d avg −0.421%
Together, before fees−6.739%−$674 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 5.565% dearer against Injective than usual: you sell high and buy low: +$556 more if the spread goes back to its 7-day average of −0.421%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective NEAR/USDC PERP4.14100.0033pay 0.0004% / 1h9m 56s$578$301K12x
ShortApeX Omni NEARUSDT4.35400.0100get 0.0013% / 1h9m 56s$166K$816K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Injective. 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
$14
Price spread: +5.144% → −0.421%
$556.48
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$560.46
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; ApeX Omni: live order book, 29 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 Injective no order-book sample
Sell ApeX Omni live order book, 29 min ago8.10 bp16.2 bp −$1675.5 bp −$755doesn't fitdoesn't fit
Injective: 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%1h4.3639+5.384%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3600+5.290%$107K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3660+5.433%$163K150xas long as short
Kraken Futures PF_NEARUSD+0.0017%1h4.3663+5.442%$7.1M$38.2M50xas long as short
Injective NEAR/USDC PERPlong+0.0033%1h4.1410long leg$578$301K12x
Popdex NEARUSDT+0.0096%1h4.3610+5.313%$113K$498K50xas long as short
Bybit NEARUSDT+0.0100%8h4.3679+5.479%$220.6M$428.5M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3670+5.458%$61.3M$295.8M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3601+5.290%$248K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3655+5.421%$35.8M$62.9M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NEARUSDTM+0.0100%8h4.3680+5.482%$53.0M$46.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3671+5.460%$72.2M$127.8M75xas long as short
Variational Omni NEAR+0.0100%8h4.3490+5.022%$8.9M$18.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.3647+5.401%$253K$902K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3469+4.971%$1.4M$1.6M10xas long as short
ApeX Omni NEARUSDTshort+0.0100%1h4.3540+5.144%$166K$816K50x
Polymarket Perps NEAR-USD+0.0100%1h4.3646+5.400%$278K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3682+5.487%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3680+5.482%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3680+5.482%$5K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3680+5.482%$3.6M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3572+5.222%$31K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3664+5.444%$3.6M$16.6M25xas long as short
Aevo NEAR-PERP+0.0120%1h4.3695+5.518%$203K$38K3xas long as short
Aster NEARUSDT+0.0124%8h4.3655+5.423%$2.7M$4.8M50xas long as short
Hyperliquid NEAR+0.0137%1h4.3703+5.537%$352.2M$316.2M10xas long as short
HTX NEAR-USDT+0.0154%8h4.3690+5.506%$465K$3.8M75xas long as short
Binance NEARUSDT+0.0156%8h4.3675+5.469%$264.5M$1.09B75xas long as short
MEXC NEAR_USDT+0.0159%8h4.3680+5.482%$87.9M$153.6M200xas long as short
BingX NEAR-USDC+0.0171%8h4.3660+5.433%$6.7Mas long as short
Kalshi KXNEARPERP+0.0173%8h4.3586+5.255%$974K$25.1M2.2xas long as short
01 Exchange NEARUSD+0.0232%1h4.3630+5.361%$13K$7K10xas long as short
BloFin NEAR-USDT+0.0279%8h4.3500+5.047%$13.3M$32.1M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0340% / S −0.0239%1h4.3660+5.434%$253K100xas long as short
Nado NEAR-PERP+0.0377%1h4.3665+5.446%$1.7M$3.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0460%1h4.3703+5.537%$1.0M$7.1M20xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3692+5.511%$2.3M$17.0M50xas long as short
Lighter RH NEAR+0.0504%1h4.3724+5.588%$1.5M$6.7M10xas long as short
Lighter NEAR+0.0552%1h4.3731+5.604%$17.2M$25.4M15xas long as short
Arcus NEAR-USD+0.0638%1h4.3630+5.361%$228K$1.5M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0826%1h4.3712+5.559%$1.9M$13.1M25xas long as short
Pacifica NEAR+0.0949%1h4.3598+5.285%$411K$1.4M10xas long as short
Phoenix NEAR+0.0949%1h4.3782+5.728%$1.8M$2.4M10xas long as short
RISEx NEAR/USDC+0.0965%1h4.3631+5.364%$607K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1114%1h4.3570+5.216%$5K$7K10xas long as short