Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0320%/8h= −35.0% APRpaid last 24h 0.000%

Price spread now: BingX against ApeX Omni+0.249%7-day average −0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$610.608% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$9 on $10k

Price spread, last 4 days (all we have)−0.575%−$57 · spread now +0.249%, 7d avg −0.086%

Together, before fees−0.660%−$66 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.335% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.249% now, against its 7-day average of −0.086%): +$34 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 3.5 days. At the pace of the last 7 days (−0.085% in total) that is about 27 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.085% in total (about -4.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni NEARUSDT	4.4150	0.0450	pay 0.0056% / 1h	3m 17s	$167K	$803K	50x
Short	BingX NEAR-USDC	4.4260	0.0130	get 0.0130% / 8h	2h 03m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against ApeX Omni. 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 ApeX OmnibpFee BingXbpOrdersPrice spread, now +0.249%Rate

Funding earned: −$67.13
Price spread: +0.249% → −0.086%: $33.53
Slippage, 4 orders: −$40.83
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$94.44
Costs to cover: 0.608%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 46 min ago; BingX: live order book, 4 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 ApeX Omni live order book, 46 min ago	8.16 bp	18.0 bp −$18	120.5 bp −$1,205	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	3.40 bp	11.7 bp −$12	28.0 bp −$280	66.9 bp −$6,689	520.1 bp −$260.0K

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	4.4162	+0.027%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4137	−0.029%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4226	+0.172%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.206%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4170	+0.045%	$117K	$498K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4250	+0.227%	$222.5M	$423.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4300	+0.340%	$62.2M	$295.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3500	−1.472%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4202	+0.118%	$33.7M	$61.3M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4190	+0.091%	$53.2M	$46.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4302	+0.344%	$73.1M	$127.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4197	+0.107%	$8.9M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4142	−0.018%	$258K	$965K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4184	+0.077%	$272K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4306	+0.353%	$58K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4270	+0.272%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4180	+0.068%	$468K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4320	+0.385%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4140	−0.023%	$32K	$608	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0111%	8h	4.4060	−0.204%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.4369	+0.497%	$206K	$40K	3x	as long as short
BingX NEAR-USDCshort	+0.0130%	8h	4.4260	+0.249%	—	$6.6M	—
MEXC NEAR_USDT	+0.0143%	8h	4.4170	+0.045%	$83.8M	$146.7M	200x	as long as short
Binance NEARUSDT	+0.0144%	8h	4.4247	+0.220%	$268.9M	$1.09B	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.4281	+0.297%	$2.3M	$16.4M	50x	as long as short
BloFin NEAR-USDT	+0.0262%	8h	4.4150	0.000%	$13.3M	$32.6M	75x	as long as short
Kalshi KXNEARPERP	+0.0311%	8h	4.4137	−0.029%	$1.0M	$24.7M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0201%	1h	4.4175	+0.056%	$236K	—	100x	as long as short
Aster NEARUSDT	+0.0343%	8h	4.4226	+0.173%	$2.9M	$5.2M	50x	as long as short
Nado NEAR-PERP	+0.0392%	1h	4.4132	−0.041%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0448%	1h	4.4312	+0.366%	$3.7M	$19.2M	25x	as long as short
ApeX Omni NEARUSDTlong	+0.0450%	1h	4.4150	long leg	$167K	$803K	50x
SoDEX NEAR-USD	+0.0493%	1h	4.4305	+0.351%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0682%	1h	4.4223	+0.165%	$364.0M	$311.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0696%	1h	4.4198	+0.109%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0704%	1h	4.4209	+0.134%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0714%	1h	4.4321	+0.388%	$7.4M	$39.1M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.4180	+0.068%	$225K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.4167	+0.039%	$405K	$1.4M	10x	as long as short
Lighter NEAR	+0.0928%	1h	4.4216	+0.149%	$17.4M	$25.3M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.4241	+0.206%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1112%	1h	4.4212	+0.140%	$1.5M	$7.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.4169	+0.043%	$701K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1252%	1h	4.3970	−0.407%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1443%	1h	4.4376	+0.512%	$2.0M	$12.1M	25x	as long as short