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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0527%/8h= −57.8% APRnext payment $0.66 per $10,000 · paid last 24h −0.105%
Price spread now: ApeX Omni against Arcus−0.254%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$440.435% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.328%−$33 on $10k
Price spread, last 4 days (all we have)+0.775%+$77 · spread now −0.254%, 7d avg −0.005%
Together, before fees+0.446%+$45 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and ApeX Omni is 0.249% cheaper against Arcus than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.005%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus NEAR-USD4.32400.0627pay 0.0078% / 1h6m 55s$212K$1.6M10x
ShortApeX Omni NEARUSDT4.31300.0100get 0.0013% / 1h6m 55s$166K$795K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Arcus. 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
−$110.76
Price spread: −0.254% → −0.005%
−$24.89
Slippage, 4 orders
−$29.03
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$179.18
Costs to cover
0.435%
Break-even
never at this rate
Slippage from Arcus: live order book, 2 min ago; ApeX Omni: live order book, 47 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 Arcus live order book, 2 min ago2.31 bp5.7 bp −$612.3 bp −$123doesn't fitdoesn't fit
Sell ApeX Omni live order book, 47 min ago5.74 bp13.6 bp −$1493.9 bp −$939doesn'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%1h4.3172−0.156%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3157−0.191%$106K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3150−0.208%$162K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.232%$578$301K12xas long as short
Coinbase International NEAR-PERP-INTX+0.0056%1h4.3234−0.014%$2.3M$15.8M50xas long as short
Popdex NEARUSDT+0.0096%1h4.3200−0.093%$110K$501K50xas long as short
Binance NEARUSDT+0.0100%8h4.3190−0.116%$263.8M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3145−0.220%$213.5M$425.7M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3150−0.208%$61.1M$286.8M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3449+0.483%$248K−$010xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0100%8h4.3154−0.199%$32.1M$62.2M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3210−0.069%$74.0M$146.9M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3200−0.093%$53.6M$45.7M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3168−0.167%$71.2M$127.3M75xas long as short
BingX NEAR-USDT+0.0100%8h4.3160−0.185%$144.3Mas long as short
Variational Omni NEAR+0.0100%8h4.3247+0.016%$8.2M$17.9Mas long as short
edgeX NEARUSDC+0.0100%4h4.3144−0.222%$252K$948K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3206−0.079%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDTshort+0.0100%1h4.3130−0.254%$166K$795K50x
Polymarket Perps NEAR-USD+0.0100%1h4.3210−0.069%$270K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3191−0.113%$57K$246K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3280+0.093%$1K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3280+0.093%$467K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3200−0.093%$3.7M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.3155−0.197%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.3195−0.104%$201K$37K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.3210−0.069%$13.5M$31.9M75xas long as short
Pacifica NEAR+0.0263%1h4.3181−0.137%$398K$1.3M10xas long as short
Kalshi KXNEARPERP+0.0264%8h4.3199−0.095%$869K$23.5M2.2xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0323% / S −0.0198%1h4.3152−0.204%$233K100xas long as short
Aster NEARUSDT+0.0335%8h4.3180−0.139%$2.8M$5.5M50xas long as short
SoDEX NEAR-USD+0.0335%1h4.3175−0.150%$6K$53K10xas long as short
01 Exchange NEARUSD+0.0520%1h4.3256+0.037%$13K$7K10xas long as short
Nado NEAR-PERP+0.0559%1h4.3158−0.191%$1.8M$3.1M10xas long as short
Extended NEAR-USD+0.0560%1h4.3164−0.176%$3.8M$19.8M25xas long as short
Backpack NEAR_USDC_PERP+0.0570%1h4.3191−0.113%$1.3M$6.8M20xas long as short
Hyperliquid NEAR+0.0584%1h4.3206−0.077%$353.9M$312.5M10xas long as short
Arcus NEAR-USDlong+0.0627%1h4.3240long leg$212K$1.6M10x
Kraken Futures PF_NEARUSD+0.0714%1h4.3179−0.142%$7.6M$38.9M50xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0816%1h4.3198−0.097%$1.9M$9.9M25xas long as short
Lighter RH NEAR+0.0920%1h4.3233−0.016%$1.5M$7.4M10xas long as short
Phoenix NEAR+0.0941%1h4.3324+0.194%$1.8M$2.8M10xas long as short
Lighter NEAR+0.1072%1h4.3251+0.026%$17.4M$25.1M15xas long as short
RISEx NEAR/USDC+0.1162%1h4.3230−0.022%$671K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1581%1h4.3250+0.024%$5K$12K10xas long as short