Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0247%/8h= −27.1% APRpaid last 24h 0.000%

Price spread now: Bitget against ApeX Omni−0.280%63s7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$520.521% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.280%, 7d avg −0.090%

Together, before fees−0.108%−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.189% cheaper against ApeX Omni than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.090%). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.060% in total (about -3.1% 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	4.2880	0.0347	pay 0.0043% / 1h	48m 27s	$165K	$794K	50x
Short	Bitget NEARUSDT	4.2760	0.0100	get 0.0100% / 8h	2h 48m	$70.7M	$127.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.280%Rate

Funding earned: −$51.88
Price spread: −0.280% → −0.090%: −$18.94
Slippage, 4 orders: −$30.06
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$122.88
Costs to cover: 0.521%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 65 min ago; Bitget: live order book, 6 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, 65 min ago	5.74 bp	18.5 bp −$19	117.2 bp −$1,172	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	0.12 bp	11.2 bp −$11	16.7 bp −$167	33.4 bp −$3,339	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	4.2758	−0.285%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2763	−0.273%	$105K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2740	−0.327%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.428%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2800	−0.187%	$111K	$500K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2800	−0.187%	$261.0M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2752	−0.299%	$212.3M	$423.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2770	−0.257%	$60.3M	$284.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2835	−0.104%	$244K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2778	−0.238%	$32.0M	$59.6M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.2820	−0.140%	$70.4M	$142.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2800	−0.187%	$52.9M	$45.7M	75x	as long as short
Bitget NEARUSDTshort	+0.0100%	8h	4.2760	−0.280%	$70.7M	$127.6M	75x
BingX NEAR-USDC	+0.0100%	8h	4.2760	−0.280%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2828	−0.122%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2783	−0.225%	$250K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2882	+0.006%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2803	−0.180%	$271K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2856	−0.056%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2910	+0.070%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2920	+0.093%	$460K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2830	−0.117%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.2789	−0.213%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2895	+0.035%	$199K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2900	+0.047%	$13.4M	$31.7M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2833	−0.110%	$2.3M	$15.8M	50x	as long as short
Kalshi KXNEARPERP	+0.0269%	8h	4.2841	−0.091%	$834K	$24.5M	2.2x	as long as short
Nado NEAR-PERP	+0.0301%	1h	4.2787	−0.216%	$1.7M	$3.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0195%	1h	4.2731	−0.348%	$229K	—	100x	as long as short
Aster NEARUSDT	+0.0338%	8h	4.2780	−0.233%	$2.8M	$5.4M	50x	as long as short
ApeX Omni NEARUSDTlong	+0.0347%	1h	4.2880	long leg	$165K	$794K	50x
Extended NEAR-USD	+0.0496%	1h	4.2778	−0.237%	$3.7M	$19.9M	25x	as long as short
SoDEX NEAR-USD	+0.0604%	1h	4.2805	−0.175%	$6K	$53K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0672%	1h	4.2837	−0.100%	$1.3M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0673%	1h	4.2800	−0.187%	$349.6M	$311.3M	10x	as long as short
01 Exchange NEARUSD	+0.0720%	1h	4.2869	−0.026%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0739%	1h	4.2811	−0.161%	$7.6M	$38.7M	50x	as long as short
Lighter NEAR	+0.0792%	1h	4.2856	−0.056%	$16.8M	$25.0M	15x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2850	−0.070%	$210K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2824	−0.131%	$392K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0895%	1h	4.2858	−0.051%	$1.9M	$10.8M	25x	as long as short
Lighter RH NEAR	+0.0968%	1h	4.2863	−0.040%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2873	−0.016%	$1.8M	$2.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2830	−0.117%	$685K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1483%	1h	4.2815	−0.151%	$5K	$12K	10x	as long as short