Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0212%/8hnext payment +$0.27 per $10,000 · paid last 24h +0.096%

Price spread now: GMX against ApeX Omni+0.237%52s7-day average −0.094% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.231%+$23 on $10k

Price spread, last 3 days (all we have)−0.492%−$49 · spread now +0.237%, 7d avg −0.094%

Together, before fees−0.260%−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and GMX is 0.331% dearer against ApeX Omni than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of −0.094%. The two prices were read 52 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	4.1250	0.0100	pay 0.0013% / 1h	23m 37s	$112K	$754K	50x
Short	GMX NEAR/USD [ETH-USDC]	4.1348	L +0.0371% / S −0.0312%	get 0.0039% / 1h	23m 37s	$272K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.237%Rate

Funding earned: $44.58
Price spread: +0.237% → −0.094%: $33.07
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $55.65
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 9 min ago; GMX: no order-book sample. Net counts fees only.

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, 9 min ago	8.51 bp	16.1 bp −$16	81.1 bp −$811	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.1435	+0.448%	$2K	—	20x	as long as short
Extended NEAR-USD	−0.0016%	1h	4.1480	+0.559%	$3.5M	$14.1M	25x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1391	+0.342%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1371	+0.293%	$444K	$20.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1362	+0.271%	$201K	—	150x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0032%	1h	4.1407	+0.381%	$2.1M	$12.6M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1470	+0.533%	$105K	$498K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1388	+0.335%	$2.8M	$5.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1446	+0.476%	$237.0M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1430	+0.436%	$207.5M	$428.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1450	+0.485%	$57.0M	$286.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1440	+0.461%	$244K	$1.6M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1127	−0.298%	$235K	$4K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1445	+0.473%	$29.2M	$56.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1460	+0.509%	$81.2M	$145.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1390	+0.339%	$58.0M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1457	+0.502%	$69.4M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1480	+0.558%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1325	+0.181%	$7.6M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1249	−0.003%	$262K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1280	+0.073%	$1.4M	$1.1M	10x	as long as short
ApeX Omni NEARUSDTlong	+0.0100%	1h	4.1250	long leg	$112K	$754K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1469	+0.531%	$220K	$3.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1326	+0.184%	$52K	$163K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1380	+0.315%	$1K	$1.5M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1355	+0.255%	$4K	$44K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1370	+0.291%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1403	+0.371%	$30K	$2K	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1335	+0.206%	$200K	$66K	3x	as long as short
Injective NEAR/USDC PERP	+0.0120%	1h	4.1000	−0.606%	$572	$150K	12x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0185%	1h	4.1372	+0.296%	$1.8M	$2.0M	25x	as long as short
01 Exchange NEARUSD	+0.0200%	1h	4.1495	+0.594%	$12K	$8K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1280	+0.073%	$12.6M	$33.1M	75x	as long as short
Kraken Futures PF_NEARUSD	+0.0242%	1h	4.1405	+0.376%	$7.4M	$34.4M	50x	as long as short
Lighter RH NEAR	+0.0248%	1h	4.1418	+0.407%	$1.4M	$7.3M	10x	as long as short
Nado NEAR-PERP	+0.0289%	1h	4.1340	+0.218%	$1.8M	$3.9M	10x	as long as short
Pacifica NEAR	+0.0319%	1h	4.1408	+0.383%	$438K	$1.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]short	L +0.0371% / S −0.0312%	1h	4.1348	+0.237%	$272K	—	100x
RISEx NEAR/USDC	+0.0378%	1h	4.1497	+0.599%	$397K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0618%	1h	4.1391	+0.342%	$1.7M	$2.7M	10x	as long as short
Lighter NEAR	+0.0680%	1h	4.1484	+0.568%	$15.4M	$22.5M	15x	as long as short
Hyperliquid NEAR	+0.0830%	1h	4.1421	+0.415%	$347.7M	$303.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0960%	1h	4.1414	+0.398%	$1.5M	$4.7M	20x	as long as short
Aftermath Perps NEARUSD	+0.1099%	1h	4.1280	+0.073%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1247%	8h	4.1470	+0.533%	$451K	$4.1M	75x	as long as short