Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bulk against ApeX Omni+0.679%55s7-day average −0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$860.860% of the position

Long on ApeX Omni Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−1.130%−$113 · spread now +0.679%, 7d avg −0.078%

Together, before fees−1.130%−$113 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: Bulk is 0.757% dearer against ApeX Omni than usual: you sell high and buy low, +$76 on $10k if it goes back to its 7-day average of −0.078%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni NEARUSDT	4.2710	0.0100	pay 0.0013% / 1h	43m 57s	$178K	$791K	50x
Short	Bulk NEAR-USD	4.3000	0.0100	get 0.0013% / 1h	43m 57s	$245K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.679%Rate

Funding earned: $0
Price spread: +0.679% → −0.078%: $75.71
Slippage, 4 orders: −$68.95
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$10.24
Costs to cover: 0.860%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 35 min ago; Bulk: live order book, 35 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, 35 min ago	8.29 bp	16.5 bp −$16	113.4 bp −$1,134	doesn't fit	doesn't fit
Sell Bulk live order book, 35 min ago	11.83 bp	38.0 bp −$38	38.9 bp −$389	39.0 bp −$3,899	54.1 bp −$27.0K

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	4.2613	−0.227%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2743	+0.077%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2649	−0.142%	$111K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2687	−0.054%	$407K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2633	−0.181%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.044%	$578	$302K	12x	as long as short
Bybit NEARUSDT	+0.0095%	8h	4.2543	−0.391%	$218.6M	$421.5M	75x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2650	−0.140%	$108K	$496K	50x	as long as short
Variational Omni NEAR	+0.0098%	8h	4.2670	−0.094%	$7.8M	$18.0M	—	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2630	−0.188%	$31K	$647	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.2644	−0.154%	$3.0M	$5.6M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2677	−0.078%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2574	−0.317%	$252.2M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2570	−0.328%	$60.6M	$284.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2660	−0.117%	$202K	$1.8M	10x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.3000	+0.679%	$245K	$2K	10x
Gate NEAR_USDT	+0.0100%	8h	4.2579	−0.307%	$30.0M	$58.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2640	−0.164%	$78.8M	$140.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2600	−0.258%	$55.8M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2563	−0.344%	$70.7M	$126.3M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2570	−0.328%	—	$138.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2986	+0.647%	$245K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2963	+0.593%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDTlong	+0.0100%	1h	4.2710	long leg	$178K	$791K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2679	−0.073%	$209K	$3.4M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2655	−0.129%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2690	−0.047%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2630	−0.187%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2650	−0.140%	$3.9M	$8.3M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2554	−0.366%	$4.0M	$15.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2636	−0.172%	$205K	$62K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2648	−0.145%	$7.4M	$36.9M	50x	as long as short
01 Exchange NEARUSD	+0.0192%	1h	4.2674	−0.084%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2710	0.000%	$13.0M	$30.6M	75x	as long as short
Lighter RH NEAR	+0.0368%	1h	4.2700	−0.023%	$1.5M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0374% / S −0.0313%	1h	4.2639	−0.166%	$273K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2680	−0.069%	$412K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0429%	1h	4.2682	−0.066%	$1.3M	$5.5M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0430%	1h	4.2678	−0.075%	$1.9M	$2.3M	25x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2919	+0.489%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0808%	1h	4.2637	−0.170%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0870%	8h	4.2720	+0.023%	$456K	$3.6M	75x	as long as short
Hyperliquid NEAR	+0.1108%	1h	4.2716	+0.014%	$368.2M	$298.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1178%	1h	4.2868	+0.369%	$5K	$11K	10x	as long as short
Lighter NEAR	+0.1856%	1h	4.2744	+0.080%	$16.4M	$23.7M	15x	as long as short