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 0.000%

Price spread now: ApeX Omni against MEXC+0.410%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)+0.185%+$19 · spread now +0.410%, 7d avg +0.083%

Together, before fees+0.225%+$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 0.327% dearer against MEXC than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.3910	0.0100	pay 0.0100% / 8h	4h 10m	$74.6M	$150.2M	200x
Short	ApeX Omni NEARUSDT	4.4090	0.0100	get 0.0013% / 1h	10m 49s	$170K	$801K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now +0.410%Rate

Funding earned: $0
Price spread: +0.410% → +0.083%: $32.72
Slippage, 4 orders: −$26.02
Fee MEXC: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$3.3
Costs to cover: 0.360%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; ApeX Omni: live order book, 48 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 MEXC live order book, 3 min ago	1.13 bp	2.9 bp −$3	10.4 bp −$104	54.3 bp −$5,428	88.4 bp −$44.2K
Sell ApeX Omni live order book, 48 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	4.4040	+0.296%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.3987	+0.175%	$2.2M	$15.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3833	−0.176%	$108K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4028	+0.269%	$618K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4051	+0.321%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.693%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4070	+0.364%	$113K	$517K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4135	+0.512%	$420K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3870	−0.091%	$270.3M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3821	−0.203%	$220.7M	$424.1M	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	4.3840	−0.159%	$62.7M	$296.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4054	+0.329%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3847	−0.143%	$31.9M	$64.3M	75x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.3910	long leg	$74.6M	$150.2M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.3880	−0.068%	$54.6M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3872	−0.087%	$72.1M	$130.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3860	−0.114%	—	$147.3M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4067	+0.357%	$8.5M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4159	+0.567%	$265K	$980K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4070	+0.364%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDTshort	+0.0100%	1h	4.4090	+0.410%	$170K	$801K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4109	+0.453%	$244K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4006	+0.219%	$56K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4050	+0.319%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4110	+0.455%	$457K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4000	+0.205%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4085	+0.399%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4020	+0.251%	$205K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0180%	1h	4.3945	+0.080%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3970	+0.137%	$13.8M	$32.6M	75x	as long as short
Aster NEARUSDT	+0.0309%	8h	4.3944	+0.078%	$2.9M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0190%	1h	4.4057	+0.335%	$234K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0337%	1h	4.4001	+0.207%	$1.3M	$6.4M	20x	as long as short
01 Exchange NEARUSD	+0.0352%	1h	4.4126	+0.492%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0386%	1h	4.3923	+0.031%	$362.3M	$325.0M	10x	as long as short
Extended NEAR-USD	+0.0448%	1h	4.3878	−0.072%	$3.9M	$19.7M	25x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0501%	1h	4.3997	+0.198%	$2.0M	$7.3M	25x	as long as short
Nado NEAR-PERP	+0.0553%	1h	4.4079	+0.385%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4150	+0.547%	$218K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0591%	1h	4.3954	+0.099%	$8.0M	$39.6M	50x	as long as short
Lighter RH NEAR	+0.0696%	1h	4.3912	+0.005%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4173	+0.599%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4150	+0.546%	$593K	$1.4M	10x	as long as short
Lighter NEAR	+0.0976%	1h	4.3943	+0.074%	$17.7M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1585%	1h	4.4135	+0.512%	$5K	$12K	10x	as long as short