Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0759%/8h= −83.2% APRpaid last 24h −0.308%

Price spread now: SunX against Aftermath Perps+0.025%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aftermath Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. SunX is 0.025% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps NEARUSD	4.1720	0.0859	pay 0.0107% / 1h	28m 52s	$5K	$11K	10x
Short	SunX NEAR-USDT	4.1730	0.0100	get 0.0100% / 8h	1h 28m	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aftermath Perps. 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 Aftermath PerpsbpFee SunXbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$159.48
Price spread: +0.025% → 0.000%: $2.49
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$173.99
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; SunX: live order book, 6 min ago. Net counts fees only.

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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell SunX live order book, 6 min ago	66.86 bp	120.7 bp −$121	doesn't fit	doesn't fit	doesn't fit

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.1631	−0.212%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1657	−0.150%	$2.1M	$12.6M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.742%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1683	−0.087%	$108K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1669	−0.121%	$429K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1662	−0.137%	$206K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0049%	1h	4.1682	−0.090%	$7.6M	$36.8M	50x	as long as short
Lighter RH NEAR	+0.0096%	1h	4.1710	−0.023%	$1.5M	$6.9M	10x	as long as short
01 Exchange NEARUSD	+0.0096%	1h	4.1707	−0.030%	$12K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1680	−0.095%	$111K	$482K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1653	−0.160%	$53K	$158K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1676	−0.104%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1681	−0.092%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1696	−0.056%	$360K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1640	−0.191%	$238.5M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1616	−0.248%	$212.3M	$423.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1620	−0.239%	$57.4M	$275.4M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1680	−0.095%	$240K	$1.7M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1658	−0.148%	$29.9M	$57.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1630	−0.215%	$81.8M	$141.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1660	−0.143%	$54.9M	$44.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1615	−0.251%	$68.9M	$125.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1630	−0.215%	—	$136.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1650	−0.167%	$7.7M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1758	+0.093%	$238K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1588	−0.315%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1730	+0.025%	$174K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1689	−0.073%	$204K	$3.2M	10x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.1730	+0.025%	$2K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.1650	−0.167%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1660	−0.143%	$3.8M	$8.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1600	−0.287%	$237K	$2K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1609	−0.264%	$3.8M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1648	−0.171%	$201K	$62K	3x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0182%	1h	4.1684	−0.085%	$1.8M	$2.2M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1650	−0.167%	$12.3M	$31.6M	75x	as long as short
Hyperliquid NEAR	+0.0340%	1h	4.1714	−0.013%	$352.2M	$298.9M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1701	−0.045%	$410K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0381% / S −0.0328%	1h	4.1656	−0.152%	$281K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0433%	1h	4.1698	−0.052%	$1.2M	$5.7M	20x	as long as short
Lighter NEAR	+0.0512%	1h	4.1751	+0.074%	$15.9M	$23.3M	15x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1800	+0.193%	$1.7M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0545%	1h	4.1660	−0.143%	$1.8M	$3.5M	10x	as long as short
Aftermath Perps NEARUSDlong	+0.0859%	1h	4.1720	long leg	$5K	$11K	10x
HTX NEAR-USDT	+0.0972%	8h	4.1770	+0.121%	$447K	$3.6M	75x	as long as short