Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.131%

Price spread now: SunX against Arcus+0.313%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1411.410% of the position

Long on Arcus Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.312%−$31 on $10k

Price spread, last 3 days (all we have)−0.049%−$5 · spread now +0.313%, 7d avg +0.068%

Together, before fees−0.362%−$36 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 0.245% dearer against Arcus than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.4700	0.0100	pay 0.0013% / 1h	21m 07s	$213K	$1.7M	10x
Short	SunX NEAR-USDT	4.4840	0.0100	get 0.0100% / 8h	6h 21m	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Arcus. 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 ArcusbpFee SunXbpOrdersPrice spread, now +0.313%Rate

Funding earned: $0
Price spread: +0.313% → +0.068%: $24.51
Slippage, 4 orders: −$128.49
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$116.48
Costs to cover: 1.410%
Break-even: never at this rate

Slippage from Arcus: live order book, 3 min ago; SunX: live order book, 3 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 Arcus live order book, 3 min ago	2.27 bp	5.2 bp −$5	10.1 bp −$101	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	30.60 bp	81.3 bp −$81	doesn't fit	doesn't fit	doesn't fit

NEAR on 44 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	4.4701	+0.003%	$2K	—	20x	as long as short
Phemex NEARUSDT	−0.0131%	8h	4.4770	+0.157%	$3.9M	$8.2M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.4798	+0.219%	$2.2M	$14.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4556	−0.323%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4741	+0.092%	$701K	$19.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4743	+0.096%	$198K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.360%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0080%	8h	4.4757	+0.127%	$8.6M	$18.5M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4690	−0.022%	$112K	$487K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4615	−0.191%	$422K	$1.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.4820	+0.268%	$271.8M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4754	+0.121%	$226.9M	$422.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4740	+0.089%	$63.9M	$294.2M	50x	as long as short
Arcus NEAR-USDlong	+0.0100%	1h	4.4700	long leg	$213K	$1.7M	10x
Bulk NEAR-USD	+0.0100%	1h	4.4050	−1.454%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4814	+0.255%	$32.5M	$62.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4840	+0.313%	$76.4M	$141.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4800	+0.224%	$55.2M	$43.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4743	+0.096%	$73.8M	$125.8M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4720	+0.045%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4177	−1.169%	$273K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4339	−0.808%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4180	−1.163%	$183K	$763K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4737	+0.083%	$218K	$3.5M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4744	+0.098%	$62K	$190K	20x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.4840	+0.313%	$2K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.4765	+0.145%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4840	+0.313%	$464K	$3.9M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4653	−0.106%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4742	+0.093%	$3.9M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4815	+0.257%	$209K	$34K	3x	as long as short
Aster NEARUSDT	+0.0181%	8h	4.4838	+0.310%	$3.1M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0211%	1h	4.4804	+0.233%	$8.1M	$40.8M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0361% / S −0.0258%	1h	4.4712	+0.026%	$270K	—	100x	as long as short
Nado NEAR-PERP	+0.0362%	1h	4.4687	−0.028%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0416%	1h	4.4723	+0.051%	$13K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0487%	1h	4.4783	+0.186%	$2.0M	$4.2M	25x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.4700	−0.001%	$564K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4597	−0.230%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0848%	1h	4.4841	+0.315%	$1.7M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0910%	1h	4.4830	+0.291%	$379.0M	$307.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0959%	1h	4.4882	+0.407%	$1.4M	$6.2M	20x	as long as short
Aftermath Perps NEARUSD	+0.1542%	1h	4.4272	−0.957%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1688%	1h	4.4863	+0.365%	$17.9M	$25.5M	15x	as long as short