Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against ApeX Omni+0.463%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$670.666% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)−0.356%−$36 · spread now +0.463%, 7d avg −0.047%

Together, before fees−0.390%−$39 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: KuCoin is 0.509% dearer against ApeX Omni than usual: you sell high and buy low, +$51 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni NEARUSDT	4.3230	0.0100	pay 0.0013% / 1h	37m 13s	$179K	$775K	50x
Short	KuCoin NEARUSDTM	4.3430	0.0100	get 0.0100% / 8h	6h 37m	$55.8M	$42.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.463%Rate

Funding earned: $0
Price spread: +0.463% → −0.047%: $50.93
Slippage, 4 orders: −$44.61
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$15.68
Costs to cover: 0.666%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 32 min ago; KuCoin: live order book, 7 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, 32 min ago	5.79 bp	14.1 bp −$14	99.5 bp −$995	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	1.16 bp	16.8 bp −$17	36.2 bp −$362	106.3 bp −$10.6K	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	4.3381	+0.349%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3375	+0.335%	$2.2M	$13.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3382	+0.350%	$108K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3314	+0.194%	$526K	$19.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3399	+0.392%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.210%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0043%	8h	4.3108	−0.281%	$8.2M	$19.1M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3430	+0.463%	$116K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3393	+0.377%	$58K	$161K	20x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3385	+0.359%	$410K	$1.2M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.3415	+0.427%	$259.4M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3391	+0.372%	$220.7M	$419.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3380	+0.347%	$61.2M	$281.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3470	+0.555%	$206K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3300	+0.162%	$247K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3376	+0.338%	$31.1M	$60.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3400	+0.393%	$75.3M	$138.0M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.3430	+0.463%	$55.8M	$42.8M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3400	+0.393%	$71.9M	$123.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3400	+0.393%	—	$142.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3236	+0.014%	$260K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3339	+0.253%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDTlong	+0.0100%	1h	4.3230	long leg	$179K	$775K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3434	+0.472%	$214K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3480	+0.578%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3395	+0.382%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3490	+0.601%	$443K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3400	+0.393%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3371	+0.326%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3384	+0.357%	$3.8M	$17.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3384	+0.356%	$202K	$34K	3x	as long as short
Aster NEARUSDT	+0.0112%	8h	4.3466	+0.547%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0218%	1h	4.3416	+0.431%	$7.6M	$40.2M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3220	−0.023%	$13.2M	$27.6M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0360% / S −0.0278%	1h	4.3392	+0.374%	$260K	—	100x	as long as short
01 Exchange NEARUSD	+0.0368%	1h	4.3475	+0.567%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0442%	1h	4.3430	+0.463%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3479	+0.576%	$544K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0580%	1h	4.3420	+0.440%	$1.9M	$4.1M	25x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3434	+0.472%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0672%	1h	4.3463	+0.539%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0743%	1h	4.3467	+0.548%	$365.0M	$303.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0794%	1h	4.3446	+0.500%	$1.4M	$6.0M	20x	as long as short
Lighter NEAR	+0.1432%	1h	4.3493	+0.609%	$17.3M	$24.7M	15x	as long as short
Aftermath Perps NEARUSD	+0.1439%	1h	4.3261	+0.073%	$5K	$12K	10x	as long as short