Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0301%/8h= +33.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against BingX−0.272%113s7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as 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−$470.470% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$9 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. ApeX Omni is 0.272% cheaper against BingX than usual: you would sell low and buy high (spread −0.272% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$27 on $10k: about 3.0 days of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.085% in total) that is about 22 days. The two prices were read 113 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 7 days it paid 0.085% in total (about 4.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NEAR-USDT	4.4150	0.0133	pay 0.0133% / 8h	2h 03m	—	$143.7M	—
Short	ApeX Omni NEARUSDT	4.4030	0.0434	get 0.0054% / 1h	3m 43s	$168K	$797K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now −0.272%Rate

Funding earned: $63.23
Price spread: −0.272% → 0.000%: −$27.18
Slippage, 4 orders: −$27.01
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$10.96
Costs to cover: 0.470%
Break-even: 8.2 days

Slippage from BingX: live order book, 5 min ago; ApeX Omni: live order book, 45 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 BingX live order book, 5 min ago	1.14 bp	6.2 bp −$6	9.6 bp −$96	18.0 bp −$1,799	44.6 bp −$22.3K
Sell ApeX Omni live order book, 45 min ago	8.16 bp	16.7 bp −$17	89.4 bp −$894	doesn't fit	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	4.4107	−0.097%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4137	−0.029%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4128	−0.049%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.206%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4170	+0.045%	$117K	$497K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4177	+0.061%	$222.0M	$423.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4150	0.000%	$62.3M	$294.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3500	−1.472%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4144	−0.014%	$33.7M	$61.3M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4210	+0.136%	$53.3M	$46.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4142	−0.018%	$72.8M	$127.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4197	+0.107%	$8.9M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4038	−0.254%	$257K	$964K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4185	+0.079%	$272K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4168	+0.041%	$58K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4240	+0.204%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4180	+0.068%	$468K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4150	0.000%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4140	−0.023%	$32K	$608	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0111%	8h	4.4060	−0.204%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.4170	+0.045%	$205K	$40K	3x	as long as short
BingX NEAR-USDTlong	+0.0133%	8h	4.4150	long leg	—	$143.7M	—
MEXC NEAR_USDT	+0.0143%	8h	4.4160	+0.023%	$83.7M	$146.7M	200x	as long as short
Binance NEARUSDT	+0.0144%	8h	4.4200	+0.114%	$268.6M	$1.09B	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.4256	+0.240%	$2.3M	$16.4M	50x	as long as short
BloFin NEAR-USDT	+0.0262%	8h	4.4150	0.000%	$13.3M	$32.6M	75x	as long as short
Kalshi KXNEARPERP	+0.0311%	8h	4.4137	−0.029%	$1.0M	$24.7M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0201%	1h	4.4133	−0.039%	$236K	—	100x	as long as short
Aster NEARUSDT	+0.0343%	8h	4.4160	+0.023%	$2.8M	$5.2M	50x	as long as short
Nado NEAR-PERP	+0.0391%	1h	4.4135	−0.034%	$1.7M	$3.2M	10x	as long as short
ApeX Omni NEARUSDTshort	+0.0434%	1h	4.4030	−0.272%	$168K	$797K	50x
Extended NEAR-USD	+0.0448%	1h	4.4127	−0.051%	$3.7M	$19.2M	25x	as long as short
SoDEX NEAR-USD	+0.0493%	1h	4.4145	−0.011%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0680%	1h	4.4197	+0.106%	$363.7M	$311.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0696%	1h	4.4198	+0.109%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0712%	1h	4.4229	+0.179%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0716%	1h	4.4141	−0.021%	$7.3M	$39.1M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.4180	+0.068%	$225K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.4167	+0.039%	$405K	$1.4M	10x	as long as short
Lighter NEAR	+0.0928%	1h	4.4216	+0.149%	$17.4M	$25.3M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.4241	+0.206%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1109%	1h	4.4196	+0.104%	$2.0M	$12.1M	25x	as long as short
Lighter RH NEAR	+0.1112%	1h	4.4212	+0.140%	$1.5M	$7.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.4169	+0.043%	$701K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1247%	1h	4.3901	−0.563%	$5K	$12K	10x	as long as short