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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0105%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h −0.001%
Price spread now: ApeX Omni against Aevo+0.423%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1661.657% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.190%−$19 · spread now +0.423%, 7d avg +0.062%
Together, before fees−0.191%−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.361% dearer against Aevo than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of +0.062%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo NEAR-PERP4.28390.0104pay 0.0013% / 1h26m 32s$199K$37K3x
ShortApeX Omni NEARUSDT4.30200.0209get 0.0026% / 1h26m 32s$165K$795K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aevo. 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
$21.96
Price spread: +0.423% → +0.062%
$36.07
Slippage, 4 orders
−$139.69
Fee Aevo: 8 bp × 2 orders
−$16
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$107.66
Costs to cover
1.657%
Break-even
41.3 days
Slippage from Aevo: live order book, 22 min ago; ApeX Omni: live order book, 22 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 Aevo live order book, 22 min ago9.34 bp68.7 bp −$69doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 22 min ago8.16 bp16.7 bp −$1789.4 bp −$894doesn'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%1h4.2837−0.005%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.2793−0.107%$105K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.2818−0.048%$160K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.336%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.2840+0.002%$113K$501K50xas long as short
Binance NEARUSDT+0.0100%8h4.2880+0.096%$262.2M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.2826−0.030%$213.5M$420.1M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2830−0.021%$60.2M$284.2M50xas long as short
Bulk NEAR-USD+0.0100%1h4.2997+0.370%$245K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.2854+0.035%$32.4M$60.0M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC NEAR_USDT+0.0100%8h4.2880+0.096%$77.4M$144.3M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2800−0.091%$51.7M$45.8M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2840+0.002%$70.8M$127.1M75xas long as short
BingX NEAR-USDT+0.0100%8h4.2850+0.026%$143.4Mas long as short
Variational Omni NEAR+0.0100%8h4.2878+0.092%$8.1M$18.0Mas long as short
edgeX NEARUSDC+0.0100%4h4.2992+0.358%$259K$953K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2900+0.142%$1.4M$1.5M10xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2861+0.052%$260K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.2821−0.042%$56K$243K20xas long as short
SunX NEAR-USDT+0.0100%8h4.2880+0.096%$2K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3010+0.399%$463K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.2820−0.044%$3.6M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.2861+0.052%$31K$60810xas long as short
Aevo NEAR-PERPlong+0.0104%1h4.2839long leg$199K$37K3x
ApeX Omni NEARUSDTshort+0.0209%1h4.3020+0.423%$165K$795K50x
BloFin NEAR-USDT+0.0220%8h4.2820−0.044%$13.2M$31.5M75xas long as short
Coinbase International NEAR-PERP-INTX+0.0256%1h4.2871+0.075%$2.3M$15.8M50xas long as short
Kalshi KXNEARPERP+0.0269%8h4.2888+0.115%$867K$24.5M2.2xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0311% / S −0.0198%1h4.2814−0.057%$231K100xas long as short
Aster NEARUSDT+0.0332%8h4.2850+0.026%$2.8M$5.3M50xas long as short
Nado NEAR-PERP+0.0400%1h4.2850+0.026%$1.7M$3.2M10xas long as short
Extended NEAR-USD+0.0536%1h4.2871+0.074%$3.6M$19.6M25xas long as short
SoDEX NEAR-USD+0.0560%1h4.2785−0.126%$6K$53K10xas long as short
Backpack NEAR_USDC_PERP+0.0656%1h4.2797−0.098%$1.3M$6.6M20xas long as short
Hyperliquid NEAR+0.0678%1h4.2876+0.087%$350.5M$310.5M10xas long as short
Kraken Futures PF_NEARUSD+0.0739%1h4.2778−0.143%$7.4M$38.8M50xas long as short
01 Exchange NEARUSD+0.0752%1h4.2897+0.136%$13K$7K10xas long as short
Arcus NEAR-USD+0.0814%1h4.2900+0.143%$215K$1.6M10xas long as short
Pacifica NEAR+0.0847%1h4.2840+0.002%$392K$1.3M10xas long as short
Lighter NEAR+0.0928%1h4.2870+0.072%$16.8M$25.1M15xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1013%1h4.2821−0.042%$1.9M$11.0M25xas long as short
Phoenix NEAR+0.1033%1h4.2991+0.355%$1.8M$2.5M10xas long as short
Lighter RH NEAR+0.1128%1h4.2838−0.002%$1.4M$7.4M10xas long as short
RISEx NEAR/USDC+0.1220%1h4.2882+0.101%$684K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1365%1h4.2895+0.132%$5K$12K10xas long as short