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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0334%/8h= +36.6% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Gate−0.145%7-day average +0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$660.657% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.031%+$3 on $10k
Price spread, last 4 days (all we have)+0.455%+$46 · spread now −0.145%, 7d avg +0.096%
Together, before fees+0.486%+$49 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.242% cheaper against Gate than usual: you would sell low and buy high (spread −0.145% now, against its 7-day average of +0.096%). If the spread goes back, that is −$24 on $10k: about 2.4 days of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.031% in total) that is about 55 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.031% in total (about 1.6% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate NEAR_USDT4.40940.0100pay 0.0100% / 8h2h 05m$33.6M$61.3M75x
ShortApeX Omni NEARUSDT4.40300.0434get 0.0054% / 1h5m 11s$168K$797K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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
$70.16
Price spread: −0.145% → +0.096%
−$24.16
Slippage, 4 orders
−$40.67
Fee Gate: 7.5 bp × 2 orders
−$15
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$19.67
Costs to cover
0.657%
Break-even
9.0 days
Slippage from Gate: live order book, 4 min ago; ApeX Omni: live order book, 44 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 Gate live order book, 4 min ago0.80 bp16.5 bp −$1619.2 bp −$19237.7 bp −$3,77353.4 bp −$26.7K
Sell ApeX Omni live order book, 44 min ago8.16 bp16.7 bp −$1789.4 bp −$894doesn'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%1h4.4098+0.009%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4157+0.142%$109K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4048−0.104%$166K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−6.087%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4140+0.104%$117K$497K50xas long as short
Bybit NEARUSDT+0.0100%8h4.4109+0.034%$221.7M$423.1M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4090−0.009%$62.2M$293.9M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3500−1.347%$248K−$010xas long as short
Gate NEAR_USDTlong+0.0100%8h4.4094long leg$33.6M$61.3M75x
KuCoin NEARUSDTM+0.0100%8h4.4120+0.059%$53.2M$46.0M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.4098+0.009%$72.7M$127.0M75xas long as short
Variational Omni NEAR+0.0100%8h4.4197+0.234%$8.9M$18.4Mas long as short
edgeX NEARUSDC+0.0100%4h4.4038−0.128%$257K$964K20xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4140+0.104%$283K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4068−0.059%$57K$243K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4130+0.082%$1K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.4180+0.195%$468K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4070−0.054%$3.6M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.4163+0.156%$32K$60810xas long as short
GRVT NEAR_USDT_Perp+0.0111%8h4.4060−0.077%$1.5M$1.5M10xas long as short
Aevo NEAR-PERP+0.0112%1h4.4080−0.032%$205K$40K3xas long as short
BingX NEAR-USDT+0.0131%8h4.4120+0.059%$143.6Mas long as short
MEXC NEAR_USDT+0.0137%8h4.4130+0.082%$83.8M$146.6M200xas long as short
Binance NEARUSDT+0.0142%8h4.4142+0.110%$268.3M$1.09B75xas long as short
Coinbase International NEAR-PERP-INTX+0.0256%1h4.4121+0.061%$2.3M$16.3M50xas long as short
BloFin NEAR-USDT+0.0262%8h4.4150+0.127%$13.3M$32.6M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0314% / S −0.0201%1h4.4067−0.062%$236K100xas long as short
Kalshi KXNEARPERP+0.0314%8h4.4234+0.318%$1.0M$24.7M2.2xas long as short
Aster NEARUSDT+0.0342%8h4.4160+0.150%$2.8M$5.2M50xas long as short
Nado NEAR-PERP+0.0388%1h4.4136+0.096%$1.7M$3.2M10xas long as short
ApeX Omni NEARUSDTshort+0.0434%1h4.4030−0.145%$168K$797K50x
Extended NEAR-USD+0.0456%1h4.4037−0.128%$3.7M$19.2M25xas long as short
SoDEX NEAR-USD+0.0498%1h4.4085−0.020%$5K$52K10xas long as short
Hyperliquid NEAR+0.0676%1h4.4172+0.177%$363.4M$311.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0698%1h4.4127+0.075%$1.3M$6.5M20xas long as short
01 Exchange NEARUSD+0.0712%1h4.4198+0.236%$13K$7K10xas long as short
Kraken Futures PF_NEARUSD+0.0717%1h4.4081−0.030%$7.3M$39.2M50xas long as short
Arcus NEAR-USD+0.0814%1h4.4190+0.218%$229K$1.6M10xas long as short
Pacifica NEAR+0.0847%1h4.4195+0.230%$405K$1.4M10xas long as short
Lighter NEAR+0.0928%1h4.4166+0.164%$17.3M$25.3M15xas long as short
Phoenix NEAR+0.1033%1h4.4241+0.333%$1.8M$2.5M10xas long as short
Lighter RH NEAR+0.1112%1h4.4157+0.143%$1.5M$7.5M10xas long as short
RISEx NEAR/USDC+0.1220%1h4.4164+0.159%$708K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1251%1h4.3841−0.575%$5K$12K10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1681%1h4.4115+0.048%$2.0M$12.1M25xas long as short