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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0067%/8h= −7.3% APRnext payment $0.08 per $10,000 · paid last 24h −0.023%
Price spread now: Injective against ApeX Omni−7.732%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.004%$0 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 7.732% cheaper against ApeX Omni than usual: you would sell low and buy high (−$773 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni NEARUSDT4.48800.0100pay 0.0013% / 1h3m 04s$168K$808K50x
ShortInjective NEAR/USDC PERP4.14100.0033get 0.0004% / 1h3m 04s$578$301K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$14
Price spread: −7.732% → 0.000%
−$773.17
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$797.19
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 44 min ago; Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 44 min ago5.59 bp16.7 bp −$1784.4 bp −$844doesn't fitdoesn't fit
Sell Injective no order-book sample
Injective: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NEARUSD−0.0235%1h4.4970+0.200%$7.3M$37.1M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.4964+0.187%$2K20xas long as short
Kalshi KXNEARPERP0.0000%8h4.5023+0.319%$932K$26.5M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4955+0.167%$169K150xas long as short
dYdX NEAR-USD+0.0022%1h4.4867−0.029%$110K$53K10xas long as short
Injective NEAR/USDC PERPshort+0.0033%1h4.1410−7.732%$578$301K12x
01 Exchange NEARUSD+0.0088%1h4.5010+0.290%$13K$4K10xas long as short
Lighter NEAR+0.0096%1h4.5022+0.315%$17.0M$25.2M15xas long as short
Popdex NEARUSDT+0.0096%1h4.4990+0.245%$124K$505K50xas long as short
Aster NEARUSDT+0.0100%8h4.4988+0.240%$2.7M$4.8M50xas long as short
Show all 45 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance NEARUSDT+0.0100%8h4.4980+0.223%$271.2M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4945+0.145%$230.9M$430.2M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4930+0.111%$64.0M$301.7M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4850−0.067%$276K$24K10xas long as short
Gate NEAR_USDT+0.0100%8h4.4956+0.169%$41.0M$63.8M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.5000+0.267%$72.3M$171.6M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.5000+0.267%$54.1M$44.4M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4911+0.069%$74.8M$127.7M75xas long as short
BingX NEAR-USDC+0.0100%8h4.4980+0.223%$6.7Mas long as short
Variational Omni NEAR+0.0100%8h4.4853−0.060%$8.8M$16.1Mas long as short
edgeX NEARUSDC+0.0100%4h4.4923+0.095%$266K$864K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4999+0.265%$1.5M$1.8M10xas long as short
ApeX Omni NEARUSDTlong+0.0100%1h4.4880long leg$168K$808K50x
Polymarket Perps NEAR-USD+0.0100%1h4.5007+0.283%$192K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.5017+0.305%$56K$273K20xas long as short
SunX NEAR-USDT+0.0100%8h4.5100+0.490%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4990+0.245%$5K$34K10xas long as short
HTX NEAR-USDT+0.0100%8h4.5100+0.490%$472K$3.7M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4990+0.245%$3.4M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.4926+0.102%$32K$38910xas long as short
Hyperliquid NEAR+0.0103%1h4.4997+0.261%$361.6M$312.2M10xas long as short
Extended NEAR-USD+0.0104%1h4.4995+0.257%$3.7M$15.0M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.5005+0.279%$209K$38K3xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0191% / S −0.0033%1h4.4849−0.070%$241K100xas long as short
BloFin NEAR-USDT+0.0220%8h4.5070+0.423%$12.7M$32.7M75xas long as short
Lighter RH NEAR+0.0248%1h4.5038+0.352%$1.6M$6.1M10xas long as short
Nado NEAR-PERP+0.0267%1h4.5000+0.267%$1.8M$3.1M10xas long as short
Arcus NEAR-USD+0.0343%1h4.5040+0.357%$227K$1.4M10xas long as short
RISEx NEAR/USDC+0.0489%1h4.5066+0.414%$651K$1.6M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0504%1h4.5020+0.312%$2.3M$17.6M50xas long as short
Backpack NEAR_USDC_PERP+0.0563%1h4.5013+0.296%$1.1M$7.2M20xas long as short
Phoenix NEAR+0.0741%1h4.5161+0.626%$1.7M$2.7M10xas long as short
Pacifica NEAR+0.0851%1h4.4975+0.211%$424K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.0897%1h4.4916+0.079%$6K$6K10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1105%1h4.5063+0.408%$1.9M$13.0M25xas long as short