Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bitget+0.839%50s7-day average +0.162% · you sell dearer than you buy

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1561.559% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 3 days (all we have)−0.419%−$42 · spread now +0.839%, 7d avg +0.162%

Together, before fees−0.358%−$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 0.677% dearer against Bitget than usual: you sell high and buy low, +$68 on $10k if it goes back to its 7-day average of +0.162%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.3029	0.0100	pay 0.0100% / 8h	52m 29s	$71.7M	$126.1M	75x
Short	SunX NEAR-USDT	4.3390	0.0100	get 0.0100% / 8h	52m 29s	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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 BitgetbpFee SunXbpOrdersPrice spread, now +0.839%Rate

Funding earned: $0
Price spread: +0.839% → +0.162%: $67.7
Slippage, 4 orders: −$135.94
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$88.23
Costs to cover: 1.559%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; SunX: live order book, 2 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 Bitget live order book, 2 min ago	0.35 bp	8.2 bp −$8	14.6 bp −$146	28.1 bp −$2,813	doesn't fit
Sell SunX live order book, 2 min ago	47.31 bp	69.0 bp −$69	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	4.2988	−0.096%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.3355	+0.758%	$2.2M	$13.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3163	+0.312%	$112K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3363	+0.776%	$415K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3352	+0.751%	$209K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.763%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3140	+0.258%	$109K	$495K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3177	+0.344%	$31K	$647	10x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3189	+0.373%	$405K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3145	+0.270%	$254.6M	$1.07B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.3076	+0.109%	$222.2M	$420.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3060	+0.072%	$61.5M	$286.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3170	+0.328%	$198K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3063	+0.078%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3171	+0.330%	$30.6M	$58.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3180	+0.351%	$80.7M	$139.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3230	+0.467%	$56.8M	$43.5M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.3029	long leg	$71.7M	$126.1M	75x
BingX NEAR-USDT	+0.0100%	8h	4.3160	+0.304%	—	$138.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3159	+0.303%	$8.1M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3254	+0.523%	$270K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3290	+0.607%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3230	+0.467%	$181K	$789K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3127	+0.228%	$208K	$3.3M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3348	+0.741%	$57K	$194K	20x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.3390	+0.839%	$2K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.3327	+0.693%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3330	+0.700%	$4.0M	$8.1M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3164	+0.315%	$4.4M	$15.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3345	+0.734%	$209K	$62K	3x	as long as short
Aster NEARUSDT	+0.0104%	8h	4.3222	+0.449%	$3.1M	$5.5M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0117%	1h	4.3341	+0.725%	$7.6M	$36.8M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3310	+0.653%	$13.0M	$32.7M	75x	as long as short
01 Exchange NEARUSD	+0.0256%	1h	4.3185	+0.363%	$13K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0258%	1h	4.3370	+0.792%	$1.9M	$2.3M	25x	as long as short
Lighter RH NEAR	+0.0384%	1h	4.3294	+0.616%	$1.5M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0392% / S −0.0343%	1h	4.3342	+0.728%	$294K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.3185	+0.363%	$416K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0463%	1h	4.3418	+0.904%	$1.8M	$2.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0605%	1h	4.3336	+0.713%	$1.3M	$5.6M	20x	as long as short
Nado NEAR-PERP	+0.0767%	1h	4.3030	+0.002%	$1.9M	$3.5M	10x	as long as short
HTX NEAR-USDT	+0.0905%	8h	4.3510	+1.118%	$464K	$3.6M	75x	as long as short
Aftermath Perps NEARUSD	+0.1153%	1h	4.3216	+0.434%	$5K	$11K	10x	as long as short
Hyperliquid NEAR	+0.1471%	1h	4.3327	+0.693%	$375.4M	$296.3M	10x	as long as short
Lighter NEAR	+0.2200%	1h	4.3289	+0.605%	$16.7M	$23.6M	15x	as long as short