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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0227%/8h= −24.8% APRnext payment $0.28 per $10,000 · paid last 24h −0.029%
Price spread now: gTrade (Gains Network) against ApeX Omni+0.091%7-day average −0.071% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$289as in the Price arb table
costs, in and out, $10k−$3053.050% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.094%−$9 on $10k
Price spread, last 4 days (all we have)−0.499%−$50 · spread now +0.091%, 7d avg −0.071%
Together, before fees−0.593%−$59 on $10k · with fees, hour by hour
The price spread pays, funding is against you. gTrade (Gains Network) is 0.162% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of −0.071%): +$16 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 3 days (−0.094% in total) that is about 5.6 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni NEARUSDT4.35800.0231pay 0.0029% / 1h46m 34s$194K$778K50x
ShortgTrade (Gains Network) NEAR/USD4.3620L +0.0004% / S −0.0004%get 0.0001% / 1h46m 34s$198K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
−$47.61
Price spread: +0.091% → −0.071%
$16.18
Slippage, 4 orders
−$285.04
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$336.48
Costs to cover
3.050%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 17 min ago; gTrade (Gains Network): virtual book (oracle venue), 17 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 ApeX Omni live order book, 17 min ago6.87 bp15.6 bp −$16102.6 bp −$1,026doesn't fitdoesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 17 min ago130.01 bp137.7 bp −$1381007.8 bp −$10.1Kdoesn'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%1h4.3647+0.153%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0016%1h4.3661+0.186%$2.2M$14.1M50xas long as short
dYdX NEAR-USD0.0000%1h4.3472−0.247%$107K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.3642+0.142%$567K$19.3M2.2xas long as short
gTrade (Gains Network) NEAR/USDshortL +0.0004% / S −0.0004%1h4.3620+0.091%$198K150x
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.979%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3540−0.092%$114K$483K50xas long as short
Pacifica NEAR+0.0100%1h4.3470−0.253%$410K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.3503−0.178%$264.5M$1.07B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3550−0.069%$219.6M$416.8M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.3540−0.092%$61.9M$287.8M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3657+0.177%$249K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3485−0.218%$31.3M$61.9M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3510−0.161%$74.9M$140.0M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3520−0.138%$54.6M$44.2M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3469−0.255%$71.4M$126.2M75xas long as short
BingX NEAR-USDC+0.0100%8h4.3510−0.161%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.3926+0.795%$8.5M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.3629+0.112%$262K$1.0M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3910+0.757%$1.5M$1.4M10xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3701+0.278%$206K$3.6M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3599+0.044%$60K$190K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3690+0.252%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3585+0.011%$5K$50K10xas long as short
HTX NEAR-USDT+0.0100%8h4.3690+0.252%$457K$3.8M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3590+0.023%$3.8M$8.1M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3468−0.257%$31K$60810xas long as short
Extended NEAR-USD+0.0104%1h4.3477−0.236%$3.8M$18.5M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.3623+0.099%$203K$34K3xas long as short
Aster NEARUSDT+0.0194%8h4.3468−0.258%$3.0M$5.5M50xas long as short
BloFin NEAR-USDT+0.0220%8h4.3510−0.161%$30.3M75xas long as short
ApeX Omni NEARUSDTlong+0.0231%1h4.3580long leg$194K$778K50x
Deribit NEAR_USDC-PERPETUAL+0.0277%1h4.3632+0.119%$1.9M$4.3M25xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0349% / S −0.0244%1h4.3608+0.064%$256K100xas long as short
01 Exchange NEARUSD+0.0392%1h4.3525−0.126%$13K$7K10xas long as short
Arcus NEAR-USD+0.0410%1h4.3530−0.115%$207K$1.7M10xas long as short
Nado NEAR-PERP+0.0411%1h4.3525−0.126%$1.9M$3.0M10xas long as short
Backpack NEAR_USDC_PERP+0.0666%1h4.3649+0.158%$1.5M$6.5M20xas long as short
Kraken Futures PF_NEARUSD+0.0706%1h4.3611+0.071%$8.1M$41.0M50xas long as short
Lighter RH NEAR+0.0712%1h4.3564−0.037%$1.6M$6.9M10xas long as short
Hyperliquid NEAR+0.0729%1h4.3480−0.229%$366.0M$304.9M10xas long as short
Phoenix NEAR+0.0855%1h4.3669+0.204%$1.8M$2.7M10xas long as short
RISEx NEAR/USDC+0.0924%1h4.3530−0.114%$550K$1.3M10xas long as short
Lighter NEAR+0.1312%1h4.3566−0.032%$17.4M$25.6M15xas long as short
Aftermath Perps NEARUSD+0.1744%1h4.3724+0.330%$6K$12K10xas long as short