Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: OKX against ApeX Omni+0.870%100s7-day average −0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.502% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−1.151%−$115 · spread now +0.870%, 7d avg −0.104%

Together, before fees−1.165%−$117 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: OKX is 0.974% dearer against ApeX Omni than usual: you sell high and buy low, +$97 on $10k if it goes back to its 7-day average of −0.104%. The two prices were read 100 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	4.4840	0.0100	pay 0.0013% / 1h	43m 43s	$168K	$810K	50x
Short	OKX NEAR-USDT-SWAP	4.5230	0.0100	get 0.0100% / 8h	4h 43m	$64.3M	$304.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.870%Rate

Funding earned: $0
Price spread: +0.870% → −0.104%: $97.4
Slippage, 4 orders: −$30.22
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $47.17
Costs to cover: 0.502%
Break-even: from the start

Slippage from ApeX Omni: live order book, 63 min ago; OKX: live order book, 3 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, 63 min ago	5.59 bp	16.7 bp −$17	84.4 bp −$844	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.11 bp	7.9 bp −$8	15.7 bp −$157	45.1 bp −$4,508	doesn't fit

NEAR on 45 exchanges

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
Kraken Futures PF_NEARUSD	−0.0377%	1h	4.5263	+0.943%	$7.3M	$37.1M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.5275	+0.971%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5405	+1.260%	$111K	$53K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5434	+1.325%	$907K	$26.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5278	+0.977%	$170K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.649%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5320	+1.070%	$125K	$510K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5237	+0.885%	$2.7M	$5.1M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5223	+0.854%	$272.9M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5241	+0.894%	$232.7M	$430.7M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAPshort	+0.0100%	8h	4.5230	+0.870%	$64.3M	$304.2M	50x
Bulk NEAR-USD	+0.0100%	1h	4.5351	+1.140%	$279K	$24K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5205	+0.814%	$41.5M	$62.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5220	+0.847%	$75.5M	$170.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5210	+0.825%	$54.3M	$44.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5228	+0.865%	$75.2M	$128.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.5220	+0.847%	—	$74.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5173	+0.744%	$8.8M	$15.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4858	+0.041%	$266K	$865K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5183	+0.765%	$1.5M	$1.9M	10x	as long as short
ApeX Omni NEARUSDTlong	+0.0100%	1h	4.4840	long leg	$168K	$810K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5324	+1.079%	$193K	$4.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5308	+1.044%	$56K	$270K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5380	+1.204%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5287	+0.997%	$5K	$34K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5350	+1.137%	$468K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5270	+0.959%	$3.4M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.5330	+1.094%	$33K	$389	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5180	+0.758%	$3.7M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5284	+0.990%	$211K	$38K	3x	as long as short
Lighter RH NEAR	+0.0144%	1h	4.5280	+0.981%	$1.6M	$5.7M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0191% / S −0.0033%	1h	4.5279	+0.979%	$244K	—	100x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5580	+1.650%	$12.9M	$33.0M	75x	as long as short
Arcus NEAR-USD	+0.0253%	1h	4.5380	+1.204%	$229K	$1.4M	10x	as long as short
Lighter NEAR	+0.0264%	1h	4.5305	+1.037%	$17.1M	$24.7M	15x	as long as short
Hyperliquid NEAR	+0.0271%	1h	4.5304	+1.035%	$364.1M	$313.2M	10x	as long as short
01 Exchange NEARUSD	+0.0272%	1h	4.5378	+1.200%	$13K	$4K	10x	as long as short
Nado NEAR-PERP	+0.0387%	1h	4.5330	+1.093%	$1.8M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0478%	1h	4.5349	+1.135%	$646K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0544%	1h	4.5472	+1.409%	$2.4M	$17.9M	50x	as long as short
Pacifica NEAR	+0.0687%	1h	4.5437	+1.332%	$428K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0733%	1h	4.5001	+0.359%	$1.7M	$2.6M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0789%	1h	4.5295	+1.015%	$1.1M	$7.2M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0832%	1h	4.5336	+1.106%	$1.9M	$13.0M	25x	as long as short
Aftermath Perps NEARUSD	+0.0880%	1h	4.5138	+0.664%	$6K	$6K	10x	as long as short