Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h 0.000%

Price spread now: Orderly against ApeX Omni+0.547%7-day average −0.071% · you sell dearer than you buy

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

Long on ApeX Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 3 days (all we have)−0.782%−$78 · spread now +0.547%, 7d avg −0.071%

Together, before fees−0.831%−$83 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: Orderly is 0.618% dearer against ApeX Omni than usual: you sell high and buy low, +$62 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni NEARUSDT	4.2800	0.0100	pay 0.0013% / 1h	24m 49s	$179K	$782K	50x
Short	Orderly PERP_NEAR_USDC	4.3034	0.0098	get 0.0098% / 8h	7h 24m	$57K	$191K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.547%Rate

Funding earned: −$0.38
Price spread: +0.547% → −0.071%: $61.78
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $45.39
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 49 min ago; Orderly: 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, 49 min ago	7.03 bp	15.2 bp −$15	100.9 bp −$1,009	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	4.3041	+0.563%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.3035	+0.550%	$7.3M	$37.3M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3055	+0.596%	$2.3M	$13.0M	50x	as long as short
Phemex NEARUSDT	−0.0088%	8h	4.3040	+0.561%	$3.8M	$8.5M	50x	as long as short
01 Exchange NEARUSD	−0.0016%	1h	4.3053	+0.591%	$13K	$7K	10x	as long as short
Variational Omni NEAR	−0.0004%	8h	4.2668	−0.309%	$7.9M	$18.8M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3099	+0.698%	$112K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2906	+0.248%	$421K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3074	+0.640%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.248%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0048%	8h	4.3090	+0.678%	$218.3M	$416.3M	75x	as long as short
Gate NEAR_USDT	+0.0092%	8h	4.3053	+0.591%	$31.0M	$59.8M	75x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3040	+0.561%	$114K	$480K	50x	as long as short
Orderly PERP_NEAR_USDCshort	+0.0098%	8h	4.3034	+0.547%	$57K	$191K	20x
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2960	+0.375%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3084	+0.663%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3084	+0.662%	$398K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3096	+0.693%	$256.9M	$1.06B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3100	+0.701%	$60.7M	$280.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3030	+0.537%	$197K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2789	−0.025%	$244K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3100	+0.701%	$77.0M	$140.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3060	+0.607%	$56.3M	$42.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3053	+0.591%	$71.4M	$124.3M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3050	+0.584%	—	$141.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2780	−0.047%	$255K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2745	−0.128%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDTlong	+0.0100%	1h	4.2800	long leg	$179K	$782K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3068	+0.626%	$203K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3090	+0.678%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3020	+0.514%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3130	+0.771%	$456K	$3.7M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3023	+0.520%	$3.9M	$17.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3023	+0.522%	$200K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0155%	1h	4.3116	+0.738%	$361.8M	$300.5M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3080	+0.654%	$12.9M	$28.3M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0373% / S −0.0306%	1h	4.3075	+0.642%	$274K	—	100x	as long as short
Lighter RH NEAR	+0.0392%	1h	4.3147	+0.811%	$1.6M	$6.9M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3040	+0.560%	$408K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0435%	1h	4.3093	+0.685%	$1.3M	$5.9M	20x	as long as short
Nado NEAR-PERP	+0.0459%	1h	4.3040	+0.561%	$1.9M	$3.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0494%	1h	4.3071	+0.633%	$1.9M	$3.5M	25x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2669	−0.306%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1318%	1h	4.2795	−0.011%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1872%	1h	4.3196	+0.925%	$17.3M	$24.4M	15x	as long as short