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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: ApeX Omni against Popdex−0.712%57s7-day average +0.060% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$440.442% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.004%$0 on $10k
Price spread, last 4 days (all we have)+0.579%+$58 · spread now −0.712%, 7d avg +0.060%
Together, before fees+0.583%+$58 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 0.772% cheaper against Popdex than usual: you would sell low and buy high, −$77 on $10k if it goes back to its 7-day average of +0.060%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex NEARUSDT4.35400.0096pay 0.0012% / 1h36m 08s$116K$478K50x
ShortApeX Omni NEARUSDT4.32300.0100get 0.0013% / 1h36m 08s$179K$775K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Popdex. 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
$0.84
Price spread: −0.712% → +0.060%
−$77.23
Slippage, 4 orders
−$27.84
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$120.63
Costs to cover
0.442%
Break-even
1012.2 days
Slippage from Popdex: live order book, 33 min ago; ApeX Omni: live order book, 33 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 Popdex live order book, 33 min ago1.16 bp7.5 bp −$760.0 bp −$600doesn't fitdoesn't fit
Sell ApeX Omni live order book, 33 min ago5.79 bp16.3 bp −$1690.0 bp −$900doesn'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%1h4.3548+0.019%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0064%1h4.3611+0.163%$2.2M$13.8M50xas long as short
dYdX NEAR-USD0.0000%1h4.3444−0.222%$108K$69K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.3580+0.092%$522K$19.6M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.3549+0.021%$202K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.892%$578$302K12xas long as short
Variational Omni NEAR+0.0052%8h4.3548+0.019%$8.3M$19.1Mas long as short
Popdex NEARUSDTlong+0.0096%1h4.3540long leg$116K$478K50x
Orderly PERP_NEAR_USDC+0.0099%8h4.3583+0.099%$58K$161K20xas long as short
Pacifica NEAR+0.0100%1h4.3485−0.127%$411K$1.2M10xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance NEARUSDT+0.0100%8h4.3580+0.092%$260.4M$1.07B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3561+0.048%$221.4M$419.7M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3560+0.046%$61.5M$282.4M50xas long as short
Arcus NEAR-USD+0.0100%1h4.3560+0.046%$206K$1.8M10xas long as short
Bulk NEAR-USD+0.0100%1h4.3449−0.208%$248K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3585+0.103%$31.3M$60.7M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3630+0.207%$75.6M$138.2M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3630+0.207%$56.0M$42.8M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3561+0.048%$72.2M$123.7M75xas long as short
BingX NEAR-USDC+0.0100%8h4.3580+0.092%$6.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.3236−0.698%$260K$1.0M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3339−0.461%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDTshort+0.0100%1h4.3230−0.712%$179K$775K50x
Polymarket Perps NEAR-USD+0.0100%1h4.3575+0.080%$214K$3.5M10xas long as short
SunX NEAR-USDT+0.0100%8h4.3610+0.161%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3571+0.071%$5K$51K10xas long as short
HTX NEAR-USDT+0.0100%8h4.3700+0.367%$445K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3580+0.092%$3.9M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.3465−0.172%$31K$60810xas long as short
Extended NEAR-USD+0.0104%1h4.3559+0.044%$3.8M$17.4M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.3571+0.071%$203K$34K3xas long as short
Aster NEARUSDT+0.0114%8h4.3641+0.232%$3.0M$5.8M50xas long as short
Kraken Futures PF_NEARUSD+0.0217%1h4.3584+0.102%$7.7M$40.3M50xas long as short
BloFin NEAR-USDT+0.0220%8h4.3220−0.735%$13.2M$27.6M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0360% / S −0.0278%1h4.3545+0.012%$261K100xas long as short
01 Exchange NEARUSD+0.0368%1h4.3566+0.060%$13K$7K10xas long as short
Nado NEAR-PERP+0.0432%1h4.3510−0.069%$1.9M$3.1M10xas long as short
RISEx NEAR/USDC+0.0509%1h4.3579+0.089%$545K$1.3M10xas long as short
Phoenix NEAR+0.0592%1h4.3434−0.243%$1.8M$2.6M10xas long as short
Lighter RH NEAR+0.0672%1h4.3672+0.303%$1.6M$6.9M10xas long as short
Hyperliquid NEAR+0.0759%1h4.3628+0.202%$366.2M$303.5M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0783%1h4.3607+0.154%$1.9M$4.1M25xas long as short
Backpack NEAR_USDC_PERP+0.0805%1h4.3635+0.218%$1.4M$5.9M20xas long as short
Aftermath Perps NEARUSD+0.1440%1h4.3317−0.513%$5K$12K10xas long as short
Lighter NEAR+0.1480%1h4.3703+0.375%$17.4M$24.7M15xas long as short