Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against MEXC−0.094%7-day average +0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$380.384% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 3 days (all we have)+0.419%+$42 · spread now −0.094%, 7d avg +0.088%

Together, before fees+0.458%+$46 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 0.181% cheaper against MEXC than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.2730	0.0100	pay 0.0100% / 8h	13m 21s	$78.1M	$142.4M	200x
Short	ApeX Omni NEARUSDT	4.2690	0.0100	get 0.0013% / 1h	13m 21s	$178K	$791K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now −0.094%Rate

Funding earned: $0
Price spread: −0.094% → +0.088%: −$18.15
Slippage, 4 orders: −$28.4
Fee MEXC: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$56.54
Costs to cover: 0.384%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; ApeX Omni: live order book, 66 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 MEXC live order book, 6 min ago	1.17 bp	3.0 bp −$3	4.1 bp −$41	36.4 bp −$3,637	73.6 bp −$36.8K
Sell ApeX Omni live order book, 66 min ago	8.29 bp	16.1 bp −$16	93.2 bp −$932	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	4.2711	−0.045%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2745	+0.035%	$2.2M	$13.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2663	−0.157%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2667	−0.147%	$366K	$18.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2778	+0.112%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.089%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0047%	8h	4.2759	+0.067%	$7.9M	$18.5M	—	as long as short
Bybit NEARUSDT	+0.0052%	8h	4.2740	+0.023%	$217.8M	$422.6M	75x	as long as short
01 Exchange NEARUSD	+0.0072%	1h	4.2685	−0.105%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2690	−0.094%	$109K	$495K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2666	−0.149%	$31K	$647	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2788	+0.136%	$57K	$194K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2700	−0.071%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2675	−0.128%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2742	+0.028%	$253.1M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2760	+0.070%	$60.7M	$286.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2680	−0.117%	$195K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2950	+0.515%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2737	+0.016%	$30.9M	$60.3M	75x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.2730	long leg	$78.1M	$142.4M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.2750	+0.047%	$55.8M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2742	+0.028%	$70.9M	$126.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2750	+0.047%	—	$140.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2693	−0.086%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2783	+0.124%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDTshort	+0.0100%	1h	4.2690	−0.094%	$178K	$791K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2731	+0.002%	$196K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2780	+0.117%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2755	+0.059%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2710	−0.047%	$3.8M	$8.5M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2723	−0.016%	$3.9M	$16.2M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2770	+0.094%	$202K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.2790	+0.140%	$7.6M	$37.6M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2710	−0.047%	$13.1M	$29.3M	75x	as long as short
Lighter RH NEAR	+0.0320%	1h	4.2823	+0.218%	$1.6M	$7.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0314%	1h	4.2765	+0.083%	$274K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2688	−0.097%	$418K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0442%	1h	4.2575	−0.363%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2892	+0.379%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0475%	1h	4.2815	+0.199%	$1.9M	$2.5M	25x	as long as short
Hyperliquid NEAR	+0.0673%	1h	4.2780	+0.117%	$365.5M	$301.0M	10x	as long as short
Nado NEAR-PERP	+0.0674%	1h	4.2710	−0.046%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0774%	8h	4.2790	+0.140%	$457K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1115%	1h	4.2758	+0.066%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1696%	1h	4.2877	+0.344%	$16.6M	$24.2M	15x	as long as short