Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against ApeX Omni+0.295%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$142as in the Price arb table

costs, in and out, $10k−$1641.639% of the position

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.635%−$64 · spread now +0.295%, 7d avg +0.075%

Together, before fees−0.634%−$63 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: SunX is 0.220% dearer against ApeX Omni than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni NEARUSDT	4.4050	0.0100	pay 0.0013% / 1h	20m 24s	$169K	$802K	50x
Short	SunX NEAR-USDT	4.4180	0.0100	get 0.0100% / 8h	4h 20m	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against ApeX Omni. 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 ApeX OmnibpFee SunXbpOrdersPrice spread, now +0.295%Rate

Funding earned: $0
Price spread: +0.295% → +0.075%: $22
Slippage, 4 orders: −$145.88
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$141.87
Costs to cover: 1.639%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 39 min ago; SunX: live order book, 4 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 ApeX Omni live order book, 39 min ago	7.82 bp	15.5 bp −$16	93.3 bp −$933	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	30.57 bp	81.8 bp −$82	doesn't fit	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	4.4042	−0.017%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4022	−0.064%	$2.3M	$15.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4022	−0.064%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4109	+0.134%	$600K	$22.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4052	+0.005%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.993%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4070	+0.045%	$113K	$518K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4054	+0.009%	$421K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4108	+0.131%	$270.9M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4142	+0.209%	$222.0M	$424.3M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4150	+0.227%	$62.7M	$299.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4098	+0.109%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4056	+0.014%	$32.0M	$64.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4090	+0.091%	$74.3M	$149.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4090	+0.091%	$54.6M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4159	+0.247%	$72.6M	$130.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4060	+0.023%	—	$147.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4057	+0.016%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4206	+0.354%	$265K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4210	+0.363%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDTlong	+0.0100%	1h	4.4050	long leg	$169K	$802K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4074	+0.054%	$232K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4173	+0.279%	$56K	$227K	20x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.4180	+0.295%	$2K	$1.4M	20x
HTX NEAR-USDT	+0.0100%	8h	4.4140	+0.204%	$457K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4110	+0.136%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4037	−0.030%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4210	+0.363%	$206K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0106%	1h	4.4055	+0.011%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4110	+0.136%	$13.9M	$32.8M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0296%	1h	4.4099	+0.111%	$1.4M	$6.5M	20x	as long as short
Aster NEARUSDT	+0.0303%	8h	4.4100	+0.114%	$3.0M	$5.5M	50x	as long as short
Hyperliquid NEAR	+0.0309%	1h	4.4127	+0.175%	$364.0M	$324.6M	10x	as long as short
01 Exchange NEARUSD	+0.0320%	1h	4.4120	+0.159%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0190%	1h	4.4046	−0.010%	$233K	—	100x	as long as short
Extended NEAR-USD	+0.0352%	1h	4.4044	−0.014%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0540%	1h	4.4065	+0.034%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4120	+0.159%	$218K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0589%	1h	4.4086	+0.083%	$8.1M	$39.7M	50x	as long as short
Lighter RH NEAR	+0.0608%	1h	4.4108	+0.132%	$1.5M	$7.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0749%	1h	4.4093	+0.098%	$2.0M	$7.3M	25x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4289	+0.543%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.0920%	1h	4.4101	+0.117%	$17.8M	$26.5M	15x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4119	+0.157%	$590K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1551%	1h	4.4114	+0.146%	$5K	$12K	10x	as long as short