Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Bulk+0.625%7-day average +0.147% · 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−$194as in the Price arb table

costs, in and out, $10k−$2422.416% of the position

Long on Bulk Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.172%−$17 · spread now +0.625%, 7d avg +0.147%

Together, before fees−0.172%−$17 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 0.478% dearer against Bulk than usual: you sell high and buy low, +$48 on $10k if it goes back to its 7-day average of +0.147%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk NEAR-USD	4.1600	0.0100	pay 0.0013% / 1h	28m 13s	$237K	$2K	10x
Short	SunX NEAR-USDT	4.1860	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 Bulk. 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 BulkbpFee SunXbpOrdersPrice spread, now +0.625%Rate

Funding earned: $0
Price spread: +0.625% → +0.147%: $47.82
Slippage, 4 orders: −$226.61
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$193.8
Costs to cover: 2.416%
Break-even: never at this rate

Slippage from Bulk: live order book, 56 min ago; SunX: live order book, 6 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 Bulk live order book, 56 min ago	12.09 bp	15.6 bp −$16	15.6 bp −$156	15.6 bp −$1,559	23.2 bp −$11.6K
Sell SunX live order book, 6 min ago	66.86 bp	120.7 bp −$121	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	4.1746	+0.350%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1636	+0.087%	$2.1M	$12.6M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.457%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1629	+0.070%	$108K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1684	+0.202%	$430K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1768	+0.405%	$207K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0049%	1h	4.1766	+0.399%	$7.6M	$36.8M	50x	as long as short
Lighter RH NEAR	+0.0096%	1h	4.1791	+0.459%	$1.5M	$7.0M	10x	as long as short
01 Exchange NEARUSD	+0.0096%	1h	4.1794	+0.466%	$12K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1800	+0.481%	$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	4.1744	+0.346%	$53K	$158K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1599	−0.002%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1780	+0.433%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1621	+0.051%	$360K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1743	+0.343%	$239.1M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1710	+0.264%	$212.8M	$423.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1700	+0.240%	$57.6M	$276.0M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1750	+0.361%	$240K	$1.7M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1777	+0.425%	$29.9M	$57.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1720	+0.288%	$82.1M	$141.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1770	+0.409%	$55.0M	$44.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1722	+0.293%	$69.1M	$125.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1750	+0.361%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1650	+0.120%	$7.7M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1758	+0.381%	$238K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1588	−0.028%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1730	+0.313%	$174K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1810	+0.505%	$204K	$3.2M	10x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.1860	+0.625%	$2K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.1741	+0.339%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1740	+0.337%	$3.8M	$8.2M	50x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.1600	long leg	$237K	$2K	10x
Extended NEAR-USD	+0.0104%	1h	4.1724	+0.298%	$3.8M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1742	+0.341%	$201K	$62K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1650	+0.120%	$12.3M	$31.6M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0301%	1h	4.1785	+0.445%	$1.8M	$2.2M	25x	as long as short
Hyperliquid NEAR	+0.0349%	1h	4.1826	+0.543%	$353.1M	$299.0M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1781	+0.435%	$411K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0381% / S −0.0328%	1h	4.1763	+0.391%	$282K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0433%	1h	4.1698	+0.236%	$1.2M	$5.7M	20x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1800	+0.481%	$1.7M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0548%	1h	4.1793	+0.465%	$1.8M	$3.5M	10x	as long as short
Lighter NEAR	+0.0552%	1h	4.1834	+0.562%	$16.0M	$23.3M	15x	as long as short
Aftermath Perps NEARUSD	+0.0868%	1h	4.1730	+0.313%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.0969%	8h	4.1750	+0.361%	$446K	$3.6M	75x	as long as short