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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%
Price spread now: ApeX Omni against Bybit−0.670%7-day average +0.113% · 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−$123as in the Price arb table
costs, in and out, $10k−$450.447% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.065%+$6 on $10k
Price spread, last 4 days (all we have)+0.943%+$94 · spread now −0.670%, 7d avg +0.113%
Together, before fees+1.008%+$101 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 0.783% cheaper against Bybit than usual: you would sell low and buy high, −$78 on $10k if it goes back to its 7-day average of +0.113%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit NEARUSDT4.43070.0100pay 0.0100% / 8h1h 25m$224.6M$433.1M75x
ShortApeX Omni NEARUSDT4.40100.0100get 0.0013% / 1h25m 38s$166K$805K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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
$0
Price spread: −0.670% → +0.113%
−$78.31
Slippage, 4 orders
−$23.72
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$123.03
Costs to cover
0.447%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; ApeX Omni: live order book, 18 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 Bybit live order book, 4 min ago1.14 bp7.2 bp −$711.0 bp −$11029.1 bp −$2,912118.4 bp −$59.2K
Sell ApeX Omni live order book, 18 min ago6.68 bp14.7 bp −$1581.4 bp −$814doesn'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%1h4.4187−0.272%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4161−0.330%$109K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4186−0.274%$165K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−6.538%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4280−0.061%$112K$491K50xas long as short
Bybit NEARUSDTlong+0.0100%8h4.4307long leg$224.6M$433.1M75x
OKX NEAR-USDT-SWAP+0.0100%8h4.4320+0.029%$62.7M$297.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4350+0.097%$253K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4220−0.196%$35.5M$61.6M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4230−0.174%$53.6M$46.1M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.4231−0.172%$72.6M$127.6M75xas long as short
Variational Omni NEAR+0.0100%8h4.4187−0.270%$8.8M$18.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.4030−0.625%$257K$915K20xas long as short
ApeX Omni NEARUSDTshort+0.0100%1h4.4010−0.670%$166K$805K50x
Polymarket Perps NEAR-USD+0.0100%1h4.4212−0.214%$293K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4220−0.196%$59K$236K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4250−0.129%$2K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.4370+0.142%$465K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4240−0.151%$3.6M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0105%8h4.4160−0.331%$32K$58510xas long as short
GRVT NEAR_USDT_Perp+0.0108%8h4.4030−0.626%$1.5M$1.5M10xas long as short
Aevo NEAR-PERP+0.0128%1h4.4235−0.163%$206K$38K3xas long as short
Extended NEAR-USD+0.0184%1h4.4244−0.141%$3.7M$18.4M25xas long as short
SoDEX NEAR-USD+0.0190%1h4.4205−0.230%$5K$52K10xas long as short
BingX NEAR-USDT+0.0193%8h4.4250−0.129%$144.2Mas long as short
MEXC NEAR_USDT+0.0201%8h4.4270−0.084%$80.5M$148.8M200xas long as short
Binance NEARUSDT+0.0205%8h4.4318+0.025%$270.4M$1.08B75xas long as short
Kalshi KXNEARPERP+0.0254%8h4.4212−0.214%$1.0M$25.0M2.2xas long as short
Aster NEARUSDT+0.0304%8h4.4274−0.075%$2.8M$5.0M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0314% / S −0.0198%1h4.3978−0.742%$234K100xas long as short
BloFin NEAR-USDT+0.0321%8h4.4060−0.557%$13.7M$32.5M75xas long as short
Backpack NEAR_USDC_PERP+0.0412%1h4.4276−0.070%$1.4M$6.8M20xas long as short
Coinbase International NEAR-PERP-INTX+0.0424%1h4.4267−0.090%$2.3M$16.8M50xas long as short
01 Exchange NEARUSD+0.0440%1h4.4323+0.036%$13K$7K10xas long as short
Hyperliquid NEAR+0.0463%1h4.4192−0.260%$360.6M$315.1M10xas long as short
Nado NEAR-PERP+0.0584%1h4.4295−0.027%$1.7M$3.2M10xas long as short
Kraken Futures PF_NEARUSD+0.0660%1h4.4194−0.256%$7.3M$38.3M50xas long as short
Lighter NEAR+0.0832%1h4.4267−0.091%$17.4M$25.2M15xas long as short
Arcus NEAR-USD+0.0880%1h4.4300−0.016%$228K$1.6M10xas long as short
Lighter RH NEAR+0.0920%1h4.4274−0.074%$1.5M$6.7M10xas long as short
Phoenix NEAR+0.1003%1h4.4297−0.023%$1.8M$2.5M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1085%1h4.4247−0.135%$1.9M$13.1M25xas long as short
Pacifica NEAR+0.1187%1h4.4204−0.232%$422K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1253%1h4.4200−0.241%$5K$12K10xas long as short
RISEx NEAR/USDC+0.1259%1h4.4229−0.177%$665K$1.4M10xas long as short