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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0572%/8h= −62.6% APRnext payment $0.71 per $10,000 · paid last 24h −0.036%
Price spread now: ApeX Omni against Lighter RH−0.536%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$380.383% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.408%−$41 on $10k
Price spread, last 4 days (all we have)+0.488%+$49 · spread now −0.536%, 7d avg −0.073%
Together, before fees+0.080%+ Points / potential airdropLighter RH: Points live · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and ApeX Omni is 0.463% cheaper against Lighter RH than usual: you would sell low and buy high (−$46 if the spread goes back to its 7-day average of −0.073%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH NEAR4.34630.0672pay 0.0084% / 1h36m 55s$1.6M$6.9M10x
ShortApeX Omni NEARUSDT4.32300.0100get 0.0013% / 1h36m 55s$179K$775K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter RH. 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
−$120.12
Price spread: −0.536% → −0.073%
−$46.34
Slippage, 4 orders
−$28.32
Fee Lighter RH: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$204.78
Costs to cover
0.383%
Break-even
never at this rate
Slippage from Lighter RH: live order book, 2 min ago; ApeX Omni: live order book, 32 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 2 min ago2.19 bp4.7 bp −$511.1 bp −$111doesn't fitdoesn't fit
Sell ApeX Omni live order book, 32 min ago5.79 bp16.3 bp −$1690.0 bp −$900doesn't fitdoesn't fit

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%1h4.3381−0.189%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0064%1h4.3375−0.202%$2.2M$13.6M50xas long as short
dYdX NEAR-USD0.0000%1h4.3382−0.188%$108K$69K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.3314−0.343%$526K$19.6M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.3399−0.146%$201K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.724%$578$302K12xas long as short
Variational Omni NEAR+0.0043%8h4.3108−0.816%$8.2M$19.1Mas long as short
Popdex NEARUSDT+0.0096%1h4.3430−0.076%$116K$478K50xas long as short
Orderly PERP_NEAR_USDC+0.0099%8h4.3393−0.161%$58K$161K20xas long as short
Pacifica NEAR+0.0100%1h4.3385−0.179%$410K$1.2M10xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance NEARUSDT+0.0100%8h4.3458−0.011%$259.7M$1.07B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3447−0.037%$220.9M$419.9M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3450−0.030%$61.3M$281.7M50xas long as short
Arcus NEAR-USD+0.0100%1h4.3470+0.016%$206K$1.8M10xas long as short
Bulk NEAR-USD+0.0100%1h4.3300−0.375%$247K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3426−0.085%$31.2M$60.7M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3440−0.053%$75.6M$138.0M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3430−0.076%$55.8M$42.8M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3445−0.041%$72.0M$123.7M75xas long as short
BingX NEAR-USDC+0.0100%8h4.3440−0.053%$6.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.3236−0.522%$260K$1.0M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3339−0.284%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDTshort+0.0100%1h4.3230−0.536%$179K$775K50x
Polymarket Perps NEAR-USD+0.0100%1h4.3434−0.067%$214K$3.5M10xas long as short
SunX NEAR-USDT+0.0100%8h4.3480+0.039%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3395−0.156%$5K$51K10xas long as short
HTX NEAR-USDT+0.0100%8h4.3490+0.062%$443K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3400−0.145%$3.8M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.3371−0.212%$31K$60810xas long as short
Extended NEAR-USD+0.0104%1h4.3384−0.181%$3.8M$17.4M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.3384−0.182%$202K$34K3xas long as short
Aster NEARUSDT+0.0112%8h4.3464+0.002%$3.0M$5.8M50xas long as short
Kraken Futures PF_NEARUSD+0.0218%1h4.3416−0.107%$7.6M$40.2M50xas long as short
BloFin NEAR-USDT+0.0220%8h4.3220−0.559%$13.2M$27.6M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0360% / S −0.0278%1h4.3392−0.164%$260K100xas long as short
01 Exchange NEARUSD+0.0368%1h4.3475+0.028%$13K$7K10xas long as short
Nado NEAR-PERP+0.0442%1h4.3430−0.076%$1.9M$3.1M10xas long as short
RISEx NEAR/USDC+0.0509%1h4.3479+0.037%$544K$1.3M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0580%1h4.3420−0.099%$1.9M$4.1M25xas long as short
Phoenix NEAR+0.0592%1h4.3434−0.067%$1.8M$2.6M10xas long as short
Lighter RH NEARlong+0.0672%1h4.3463long leg$1.6M$6.9M10x
Hyperliquid NEAR+0.0746%1h4.3508+0.104%$365.3M$303.4M10xas long as short
Backpack NEAR_USDC_PERP+0.0794%1h4.3446−0.039%$1.4M$6.0M20xas long as short
Lighter NEAR+0.1432%1h4.3493+0.070%$17.3M$24.7M15xas long as short
Aftermath Perps NEARUSD+0.1439%1h4.3261−0.464%$5K$12K10xas long as short