Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: ApeX Omni against Bulk−0.587%55s7-day average +0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$620.622% of the position

Long on Bulk Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.954%+$95 · spread now −0.587%, 7d avg +0.072%

Together, before fees+0.954%+$95 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: ApeX Omni is 0.658% cheaper against Bulk than usual: you would sell low and buy high, −$66 on $10k if it goes back to its 7-day average of +0.072%. The two prices were read 55 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	Bulk NEAR-USD	4.4421	0.0100	pay 0.0013% / 1h	28m 26s	$253K	−$0	10x
Short	ApeX Omni NEARUSDT	4.4160	0.0100	get 0.0013% / 1h	28m 26s	$172K	$792K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bulk. 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 BulkbpFee ApeX OmnibpOrdersPrice spread, now −0.587%Rate

Funding earned: $0
Price spread: −0.587% → +0.072%: −$65.84
Slippage, 4 orders: −$45.24
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$128.09
Costs to cover: 0.622%
Break-even: never at this rate

Slippage from Bulk: live order book, 36 min ago; ApeX Omni: live order book, 35 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 Bulk live order book, 36 min ago	11.45 bp	15.0 bp −$15	15.0 bp −$150	26.3 bp −$2,628	54.7 bp −$27.4K
Sell ApeX Omni live order book, 35 min ago	6.87 bp	16.7 bp −$17	82.0 bp −$820	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	4.4257	−0.369%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4291	−0.292%	$2.2M	$14.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4269	−0.341%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4412	−0.020%	$606K	$19.7M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.4295	−0.283%	$1.9M	$4.4M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4268	−0.344%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.778%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4300	−0.272%	$116K	$490K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4277	−0.324%	$418K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4282	−0.313%	$268.8M	$1.08B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.4239	−0.409%	$222.3M	$419.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4220	−0.452%	$63.5M	$293.3M	50x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.4421	long leg	$253K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.4239	−0.409%	$32.0M	$62.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4270	−0.339%	$76.5M	$143.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4270	−0.339%	$55.5M	$44.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4246	−0.393%	$72.9M	$127.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4260	−0.362%	—	$145.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4186	−0.528%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4477	+0.128%	$267K	$989K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4180	−0.542%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDTshort	+0.0100%	1h	4.4160	−0.587%	$172K	$792K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4310	−0.249%	$212K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4257	−0.368%	$61K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4310	−0.249%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4280	−0.317%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4520	+0.224%	$463K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4340	−0.182%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4255	−0.372%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4243	−0.401%	$3.8M	$18.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4290	−0.294%	$206K	$34K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4520	+0.224%	$13.7M	$31.7M	75x	as long as short
Aster NEARUSDT	+0.0242%	8h	4.4301	−0.268%	$3.0M	$5.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0245%	1h	4.4279	−0.319%	$261K	—	100x	as long as short
01 Exchange NEARUSD	+0.0376%	1h	4.4292	−0.290%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0401%	1h	4.4275	−0.328%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4310	−0.249%	$211K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0564%	1h	4.4416	−0.011%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0696%	1h	4.4280	−0.317%	$8.2M	$40.9M	50x	as long as short
Hyperliquid NEAR	+0.0711%	1h	4.4325	−0.215%	$369.1M	$309.2M	10x	as long as short
Lighter RH NEAR	+0.0712%	1h	4.4331	−0.202%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4463	+0.095%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4321	−0.224%	$554K	$1.3M	10x	as long as short
Lighter NEAR	+0.1272%	1h	4.4343	−0.174%	$17.7M	$25.9M	15x	as long as short
Aftermath Perps NEARUSD	+0.1655%	1h	4.4295	−0.282%	$6K	$12K	10x	as long as short