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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0480%/8h= +52.6% APRnext payment +$0.60 per $10,000 · paid last 24h +0.089%
Price spread now: Nado against ApeX Omni−0.326%61s7-day average −0.102% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$420.421% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.101%+$10 on $10k
Price spread, last 4 days (all we have)−0.234%−$23 · spread now −0.326%, 7d avg −0.102%
Together, before fees−0.133%+ Points / potential airdropNado: Active · farm board−$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.224% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.326% now, against its 7-day average of −0.102%). If the spread goes back, that is −$22 on $10k: about 37 hours of funding at the current rate (+$14 a day). At the pace of the last 3 days (+0.101% in total) that is about 7.7 days. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.101% in total (about 10.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.60 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni NEARUSDT4.47400.0100pay 0.0013% / 1h39m 54s$168K$804K50x
ShortNado NEAR-PERP4.45940.0580get 0.0073% / 1h39m 54s$1.7M$3.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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
$100.87
Price spread: −0.326% → −0.102%
−$22.38
Slippage, 4 orders
−$25.09
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$36.41
Costs to cover
0.421%
Break-even
4.5 days
Slippage from ApeX Omni: live order book, 4 min ago; Nado: live order book, 4 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, 4 min ago6.68 bp16.2 bp −$1678.7 bp −$787doesn't fitdoesn't fit
Sell Nado live order book, 4 min ago0.11 bp5.0 bp −$515.3 bp −$153doesn'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%1h4.4558−0.407%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4644−0.215%$110K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4563−0.396%$168K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.443%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4640−0.224%$111K$494K50xas long as short
Bybit NEARUSDT+0.0100%8h4.4446−0.657%$225.4M$435.6M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4430−0.693%$62.9M$299.2M50xas long as short
Bulk NEAR-USD+0.0100%1h4.5008+0.599%$256K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4453−0.641%$35.3M$60.6M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4490−0.559%$52.7M$46.0M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.4484−0.572%$73.8M$128.1M75xas long as short
Variational Omni NEAR+0.0100%8h4.4927+0.418%$9.1M$18.5Mas long as short
edgeX NEARUSDC+0.0100%4h4.4779+0.087%$262K$967K20xas long as short
ApeX Omni NEARUSDTlong+0.0100%1h4.4740long leg$168K$804K50x
Polymarket Perps NEAR-USD+0.0100%1h4.4607−0.297%$294K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4486−0.568%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4520−0.492%$1K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.4560−0.402%$464K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4460−0.626%$3.6M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0106%8h4.4700−0.090%$32K$58510xas long as short
GRVT NEAR_USDT_Perp+0.0124%8h4.4854+0.254%$1.5M$1.5M10xas long as short
Aevo NEAR-PERP+0.0128%1h4.4528−0.475%$207K$40K3xas long as short
SoDEX NEAR-USD+0.0175%1h4.4447−0.655%$5K$53K10xas long as short
BingX NEAR-USDC+0.0185%8h4.4470−0.603%$6.7Mas long as short
MEXC NEAR_USDT+0.0189%8h4.4510−0.514%$83.5M$146.3M200xas long as short
Binance NEARUSDT+0.0190%8h4.4481−0.578%$270.8M$1.09B75xas long as short
Kalshi KXNEARPERP+0.0292%8h4.4525−0.481%$1.1M$25.1M2.2xas long as short
Extended NEAR-USD+0.0296%1h4.4464−0.616%$3.7M$18.8M25xas long as short
BloFin NEAR-USDT+0.0310%8h4.4790+0.112%$13.6M$33.0M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0335% / S −0.0229%1h4.4554−0.416%$256K100xas long as short
Aster NEARUSDT+0.0336%8h4.4480−0.581%$2.8M$5.0M50xas long as short
Coinbase International NEAR-PERP-INTX+0.0424%1h4.4520−0.492%$2.3M$16.5M50xas long as short
01 Exchange NEARUSD+0.0472%1h4.4667−0.163%$13K$7K10xas long as short
Hyperliquid NEAR+0.0541%1h4.4531−0.467%$366.4M$311.8M10xas long as short
Backpack NEAR_USDC_PERP+0.0548%1h4.4495−0.548%$1.4M$6.7M20xas long as short
Nado NEAR-PERPshort+0.0580%1h4.4594−0.326%$1.7M$3.2M10x
Kraken Futures PF_NEARUSD+0.0657%1h4.4424−0.707%$7.4M$38.5M50xas long as short
Arcus NEAR-USD+0.0880%1h4.4690−0.112%$227K$1.6M10xas long as short
Lighter NEAR+0.0960%1h4.4519−0.494%$17.4M$24.8M15xas long as short
Lighter RH NEAR+0.0984%1h4.4545−0.436%$1.5M$6.7M10xas long as short
Phoenix NEAR+0.1003%1h4.5134+0.881%$1.9M$2.5M10xas long as short
Pacifica NEAR+0.1187%1h4.4718−0.049%$412K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1259%1h4.4754+0.031%$6K$12K10xas long as short
RISEx NEAR/USDC+0.1259%1h4.4674−0.148%$670K$1.4M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1347%1h4.4521−0.489%$1.9M$12.4M25xas long as short