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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Orderly−0.014%70s7-day average +0.066% · you buy dearer than you sell
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+0.049%+$5 on $10k
Price spread, last 4 days (all we have)+0.376%+$38 · spread now −0.014%, 7d avg +0.066%
Together, before fees+0.425%+$43 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 0.080% cheaper against Orderly than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.066%. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_NEAR_USDC4.31060.0100pay 0.0100% / 8h3h 41m$57K$246K20x
ShortApeX Omni NEARUSDT4.31000.0100get 0.0013% / 1h41m 58s$166K$799K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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
$0
Price spread: −0.014% → +0.066%
−$7.95
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$23.95
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 12 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 Orderly no order-book sample
Sell ApeX Omni live order book, 12 min ago5.74 bp13.6 bp −$1493.9 bp −$939doesn't fitdoesn't fit
Orderly: 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%1h4.3185+0.184%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3254+0.344%$107K$69K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3168+0.145%$162K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.934%$578$301K12xas long as short
Coinbase International NEAR-PERP-INTX+0.0056%1h4.3140+0.079%$2.3M$15.9M50xas long as short
Popdex NEARUSDT+0.0096%1h4.3240+0.311%$107K$502K50xas long as short
Binance NEARUSDT+0.0100%8h4.3092−0.032%$264.3M$1.10B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3058−0.111%$214.5M$428.7M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3060−0.107%$61.4M$290.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3400+0.682%$247K−$010xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0100%8h4.3084−0.051%$31.7M$60.8M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3090−0.037%$72.9M$144.6M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3100−0.014%$53.6M$46.3M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3065−0.095%$70.8M$128.9M75xas long as short
BingX NEAR-USDT+0.0100%8h4.2990−0.269%$146.3Mas long as short
Variational Omni NEAR+0.0100%8h4.3397+0.676%$8.4M$18.0Mas long as short
edgeX NEARUSDC+0.0100%4h4.3444+0.784%$254K$950K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3214+0.251%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDTshort+0.0100%1h4.3100−0.014%$166K$799K50x
Polymarket Perps NEAR-USD+0.0100%1h4.3216+0.255%$261K$3.9M10xas long as short
Orderly PERP_NEAR_USDClong+0.0100%8h4.3106long leg$57K$246K20x
SunX NEAR-USDT+0.0100%8h4.3270+0.380%$1K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3200+0.218%$468K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3170+0.148%$3.7M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3185+0.182%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.3118+0.028%$200K$37K3xas long as short
Kalshi KXNEARPERP+0.0130%8h4.3170+0.148%$665K$23.2M2.2xas long as short
BloFin NEAR-USDT+0.0220%8h4.3390+0.659%$13.8M$32.2M75xas long as short
Pacifica NEAR+0.0263%1h4.3278+0.398%$411K$1.2M10xas long as short
Aster NEARUSDT+0.0309%8h4.3102−0.009%$2.9M$5.6M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0320% / S −0.0194%1h4.3170+0.148%$231K100xas long as short
SoDEX NEAR-USD+0.0403%1h4.3085−0.049%$8K$49K10xas long as short
Backpack NEAR_USDC_PERP+0.0501%1h4.3095−0.026%$1.4M$6.6M20xas long as short
01 Exchange NEARUSD+0.0520%1h4.3247+0.327%$13K$7K10xas long as short
Hyperliquid NEAR+0.0585%1h4.3119+0.030%$353.8M$321.0M10xas long as short
Arcus NEAR-USD+0.0627%1h4.3240+0.311%$212K$1.6M10xas long as short
Extended NEAR-USD+0.0672%1h4.3048−0.134%$3.8M$19.8M25xas long as short
Nado NEAR-PERP+0.0678%1h4.3210+0.242%$1.8M$3.1M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0679%1h4.3108+0.005%$2.0M$8.8M25xas long as short
Kraken Futures PF_NEARUSD+0.0715%1h4.3102−0.009%$7.6M$39.6M50xas long as short
Lighter RH NEAR+0.0888%1h4.3153+0.109%$1.5M$7.4M10xas long as short
Phoenix NEAR+0.0941%1h4.3302+0.455%$1.8M$2.8M10xas long as short
Lighter NEAR+0.1152%1h4.3165+0.136%$17.4M$24.9M15xas long as short
RISEx NEAR/USDC+0.1162%1h4.3232+0.292%$654K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1598%1h4.3368+0.608%$5K$12K10xas long as short