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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%
Price spread now: ApeX Omni against Phemex−0.179%7-day average +0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$630.634% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.069%+$7 on $10k
Price spread, last 4 days (all we have)+0.505%+$50 · spread now −0.179%, 7d avg +0.058%
Together, before fees+0.573%+$57 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 0.237% cheaper against Phemex than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.058%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex NEARUSDT4.47900.0100pay 0.0100% / 8h5h 43m$3.3M$8.0M50x
ShortApeX Omni NEARUSDT4.47100.0100get 0.0013% / 1h43m 27s$167K$822K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phemex. 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: −0.179% → +0.058%
−$23.69
Slippage, 4 orders
−$41.41
Fee Phemex: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$87.11
Costs to cover
0.634%
Break-even
never at this rate
Slippage from Phemex: live order book, 3 min ago; ApeX Omni: live order book, 4 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 Phemex live order book, 3 min ago1.12 bp14.2 bp −$1465.3 bp −$653doesn't fitdoesn't fit
Sell ApeX Omni live order book, 4 min ago5.59 bp15.7 bp −$1678.4 bp −$784doesn't fitdoesn't fit

NEAR on 45 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NEARUSD−0.0236%1h4.4749−0.092%$7.4M$36.9M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.4684−0.237%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4732−0.129%$110K$53K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4697−0.208%$842K$26.1M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4671−0.266%$168K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.546%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4740−0.112%$123K$503K50xas long as short
Aster NEARUSDT+0.0100%8h4.4748−0.094%$2.6M$4.7M50xas long as short
Binance NEARUSDT+0.0100%8h4.4749−0.091%$271.5M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4745−0.100%$231.0M$426.7M75xas long as short
Show all 45 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4750−0.089%$64.0M$297.4M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4750−0.089%$267K$12K10xas long as short
Gate NEAR_USDT+0.0100%8h4.4721−0.154%$39.8M$62.2M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4740−0.112%$75.4M$168.2M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4750−0.089%$53.2M$43.8M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4713−0.172%$74.2M$126.1M75xas long as short
BingX NEAR-USDC+0.0100%8h4.4740−0.112%$6.7Mas long as short
Variational Omni NEAR+0.0100%8h4.4714−0.171%$8.9M$16.4Mas long as short
edgeX NEARUSDC+0.0100%4h4.4709−0.182%$264K$871K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4781−0.021%$1.5M$1.7M10xas long as short
ApeX Omni NEARUSDTshort+0.0100%1h4.4710−0.179%$167K$822K50x
Polymarket Perps NEAR-USD+0.0100%1h4.4751−0.087%$267K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4758−0.071%$58K$269K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4820+0.067%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4775−0.033%$5K$34K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4740−0.112%$464K$3.7M75xas long as short
Phemex NEARUSDTlong+0.0100%8h4.4790long leg$3.3M$8.0M50x
Paradex NEAR-USD-PERP+0.0102%8h4.4719−0.158%$33K$24510xas long as short
Extended NEAR-USD+0.0104%1h4.4735−0.123%$3.7M$15.0M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.4733−0.127%$208K$38K3xas long as short
Hyperliquid NEAR+0.0162%1h4.4763−0.060%$360.6M$314.9M10xas long as short
01 Exchange NEARUSD+0.0200%1h4.4750−0.089%$13K$4K10xas long as short
Nado NEAR-PERP+0.0211%1h4.4750−0.089%$1.8M$3.1M10xas long as short
BloFin NEAR-USDT+0.0220%8h4.4700−0.201%$12.9M$32.4M75xas long as short
Lighter NEAR+0.0232%1h4.4802+0.026%$17.5M$23.3M15xas long as short
Lighter RH NEAR+0.0280%1h4.4796+0.013%$1.5M$5.9M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0341% / S −0.0226%1h4.4650−0.312%$262K100xas long as short
Arcus NEAR-USD+0.0343%1h4.4760−0.067%$226K$1.4M10xas long as short
RISEx NEAR/USDC+0.0489%1h4.4745−0.100%$633K$1.6M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0504%1h4.4721−0.154%$2.3M$17.5M50xas long as short
Backpack NEAR_USDC_PERP+0.0600%1h4.4822+0.071%$1.1M$7.1M20xas long as short
Phoenix NEAR+0.0741%1h4.4913+0.275%$1.7M$2.7M10xas long as short
Pacifica NEAR+0.0851%1h4.4764−0.057%$419K$1.3M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0890%1h4.4795+0.011%$1.9M$13.0M25xas long as short
Aftermath Perps NEARUSD+0.1045%1h4.4739−0.114%$6K$6K10xas long as short