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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%
Price spread now: ApeX Omni against Phemex−0.232%7-day average +0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$720.716% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.069%+$7 on $10k
Price spread, last 4 days (all we have)+0.483%+$48 · spread now −0.232%, 7d avg +0.063%
Together, before fees+0.552%+$55 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 0.295% cheaper against Phemex than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of +0.063%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex NEARUSDT4.31800.0100pay 0.0100% / 8h34m 47s$3.5M$8.2M50x
ShortApeX Omni NEARUSDT4.30800.0100get 0.0013% / 1h34m 47s$164K$815K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phemex. 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: −0.232% → +0.063%
−$29.48
Slippage, 4 orders
−$49.62
Fee Phemex: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$101.1
Costs to cover
0.716%
Break-even
never at this rate
Slippage from Phemex: live order book, 4 min ago; ApeX Omni: live order book, 4 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 Phemex live order book, 4 min ago3.47 bp18.9 bp −$1948.9 bp −$489doesn't fitdoesn't fit
Sell ApeX Omni live order book, 4 min ago8.10 bp16.2 bp −$1675.5 bp −$755doesn'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%1h4.3147−0.077%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3109−0.164%$106K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3148−0.073%$161K150xas long as short
Kraken Futures PF_NEARUSD+0.0017%1h4.3140−0.093%$7.1M$38.3M50xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.099%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3200+0.046%$110K$496K50xas long as short
Bybit NEARUSDT+0.0100%8h4.3110−0.162%$217.7M$430.2M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3100−0.185%$60.6M$290.9M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3160−0.047%$246K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3115−0.151%$35.2M$62.4M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NEARUSDTM+0.0100%8h4.3170−0.023%$52.3M$45.9M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3104−0.176%$71.3M$128.2M75xas long as short
Variational Omni NEAR+0.0100%8h4.3217+0.085%$8.7M$18.8Mas long as short
edgeX NEARUSDC+0.0100%4h4.3097−0.192%$250K$899K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3207+0.063%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDTshort+0.0100%1h4.3080−0.232%$164K$815K50x
Polymarket Perps NEAR-USD+0.0100%1h4.3214+0.079%$283K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3164−0.037%$57K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3280+0.232%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3165−0.035%$5K$53K10xas long as short
Phemex NEARUSDTlong+0.0100%8h4.3180long leg$3.5M$8.2M50x
Paradex NEAR-USD-PERP+0.0102%8h4.3212+0.075%$31K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3124−0.130%$3.6M$17.2M25xas long as short
HTX NEAR-USDT+0.0125%8h4.3340+0.371%$461K$3.8M75xas long as short
Aevo NEAR-PERP+0.0128%1h4.3165−0.034%$201K$38K3xas long as short
Kalshi KXNEARPERP+0.0183%8h4.3208+0.065%$935K$25.2M2.2xas long as short
Binance NEARUSDT+0.0191%8h4.3120−0.140%$261.8M$1.09B75xas long as short
Aster NEARUSDT+0.0192%8h4.3116−0.148%$2.7M$4.8M50xas long as short
MEXC NEAR_USDT+0.0193%8h4.3130−0.116%$83.2M$150.7M200xas long as short
BingX NEAR-USDT+0.0199%8h4.3130−0.116%$145.1Mas long as short
Hyperliquid NEAR+0.0216%1h4.3135−0.104%$348.0M$315.4M10xas long as short
01 Exchange NEARUSD+0.0256%1h4.3211+0.072%$13K$7K10xas long as short
BloFin NEAR-USDT+0.0313%8h4.3190+0.023%$13.3M$31.8M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0315% / S −0.0204%1h4.3148−0.075%$232K100xas long as short
Backpack NEAR_USDC_PERP+0.0397%1h4.3187+0.016%$1.1M$7.0M20xas long as short
Nado NEAR-PERP+0.0448%1h4.3160−0.046%$1.7M$3.2M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3206+0.060%$2.3M$16.8M50xas long as short
Lighter RH NEAR+0.0504%1h4.3165−0.035%$1.5M$6.6M10xas long as short
Arcus NEAR-USD+0.0638%1h4.3220+0.093%$226K$1.6M10xas long as short
Lighter NEAR+0.0672%1h4.3154−0.061%$17.0M$25.1M15xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0724%1h4.3179−0.002%$1.9M$13.2M25xas long as short
Pacifica NEAR+0.0949%1h4.3224+0.103%$407K$1.5M10xas long as short
Phoenix NEAR+0.0949%1h4.3179−0.002%$1.8M$2.4M10xas long as short
RISEx NEAR/USDC+0.0965%1h4.3214+0.078%$599K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1247%1h4.3230+0.117%$5K$7K10xas long as short