Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against KuCoin+0.582%52s7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as 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−$670.668% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 3 days (all we have)−0.253%−$25 · spread now +0.582%, 7d avg +0.047%

Together, before fees−0.219%−$22 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 0.535% dearer against KuCoin than usual: you sell high and buy low, +$54 on $10k if it goes back to its 7-day average of +0.047%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.2950	0.0100	pay 0.0100% / 8h	7h 00m	$55.6M	$42.6M	75x
Short	ApeX Omni NEARUSDT	4.3200	0.0100	get 0.0013% / 1h	0m 29s	$177K	$777K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.582%Rate

Funding earned: $0
Price spread: +0.582% → +0.047%: $53.54
Slippage, 4 orders: −$44.82
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$13.28
Costs to cover: 0.668%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; ApeX Omni: live order book, 8 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 KuCoin live order book, 4 min ago	2.31 bp	15.2 bp −$15	41.8 bp −$418	115.7 bp −$11.6K	doesn't fit
Sell ApeX Omni live order book, 8 min ago	5.79 bp	16.3 bp −$16	90.0 bp −$900	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	4.2918	−0.074%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.2897	−0.123%	$7.9M	$38.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2854	−0.224%	$2.1M	$13.1M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2977	+0.063%	$379K	$18.8M	2.2x	as long as short
dYdX NEAR-USD	+0.0004%	1h	4.2931	−0.043%	$111K	$64K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2982	+0.075%	$157K	—	150x	as long as short
Variational Omni NEAR	+0.0016%	8h	4.2957	+0.017%	$8.2M	$18.8M	—	as long as short
Phemex NEARUSDT	+0.0018%	8h	4.2910	−0.093%	$3.8M	$8.4M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.586%	$578	$302K	12x	as long as short
01 Exchange NEARUSD	+0.0056%	1h	4.2963	+0.030%	$13K	$7K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.2950	0.000%	$114K	$473K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2978	+0.065%	$57K	$162K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2974	+0.055%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2969	+0.044%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2952	+0.005%	$256.5M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2943	−0.016%	$218.9M	$416.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2940	−0.023%	$60.6M	$275.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2980	+0.070%	$204K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3243	+0.681%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2953	+0.007%	$30.8M	$61.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2940	−0.023%	$73.3M	$142.4M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.2950	long leg	$55.6M	$42.6M	75x
Bitget NEARUSDT	+0.0100%	8h	4.2926	−0.056%	$71.0M	$122.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2960	+0.023%	—	$142.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3202	+0.587%	$257K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3356	+0.945%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDTshort	+0.0100%	1h	4.3200	+0.582%	$177K	$777K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2957	+0.016%	$207K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2980	+0.070%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2900	−0.116%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2980	+0.070%	$453K	$3.6M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2942	−0.019%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2944	−0.014%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2952	+0.005%	$200K	$31K	3x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0216%	1h	4.2981	+0.072%	$1.9M	$3.9M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2890	−0.140%	$13.1M	$27.5M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0308%	1h	4.2968	+0.042%	$275K	—	100x	as long as short
Nado NEAR-PERP	+0.0427%	1h	4.2930	−0.047%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2981	+0.073%	$410K	$1.2M	10x	as long as short
Hyperliquid NEAR	+0.0468%	1h	4.3013	+0.147%	$364.5M	$302.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0494%	1h	4.2955	+0.012%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3191	+0.561%	$1.8M	$2.7M	10x	as long as short
Lighter RH NEAR	+0.0520%	1h	4.3011	+0.142%	$1.6M	$7.0M	10x	as long as short
Aftermath Perps NEARUSD	+0.1478%	1h	4.3199	+0.581%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1760%	1h	4.3090	+0.325%	$17.2M	$24.8M	15x	as long as short