Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%

Price spread now: SunX against Bybit+0.315%46s7-day average +0.180% · you sell dearer than you buy

Net, funding: paid 7d − costs−$142as 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−$1481.480% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 4 days (all we have)+0.253%+$25 · spread now +0.315%, 7d avg +0.180%

Together, before fees+0.315%+$31 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 0.135% dearer against Bybit than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.180%. The two prices were read 46 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	Bybit NEARUSDT	4.4061	0.0100	pay 0.0100% / 8h	4h 24m	$221.4M	$424.3M	75x
Short	SunX NEAR-USDT	4.4200	0.0100	get 0.0100% / 8h	4h 24m	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now +0.315%Rate

Funding earned: $0
Price spread: +0.315% → +0.180%: $13.53
Slippage, 4 orders: −$128.97
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$134.44
Costs to cover: 1.480%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; SunX: live order book, 10 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 Bybit live order book, 4 min ago	1.14 bp	8.3 bp −$8	13.5 bp −$135	31.5 bp −$3,152	161.4 bp −$80.7K
Sell SunX live order book, 10 min ago	30.52 bp	81.7 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	4.4057	−0.008%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.3839	−0.504%	$2.3M	$15.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4022	−0.088%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3925	−0.309%	$580K	$22.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4028	−0.074%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.017%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4090	+0.066%	$113K	$517K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4087	+0.060%	$421K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4130	+0.156%	$270.9M	$1.10B	75x	as long as short
Bybit NEARUSDTlong	+0.0100%	8h	4.4061	long leg	$221.4M	$424.3M	75x

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	4.4060	−0.002%	$62.7M	$299.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4098	+0.084%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4082	+0.048%	$32.0M	$63.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4090	+0.066%	$74.3M	$149.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4060	−0.002%	$54.7M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4088	+0.061%	$72.5M	$130.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4110	+0.111%	—	$147.8M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3777	−0.645%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3892	−0.384%	$263K	$976K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3860	−0.456%	$1.4M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3820	−0.547%	$168K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4079	+0.041%	$234K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4054	−0.016%	$56K	$227K	20x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.4200	+0.315%	$2K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.4035	−0.059%	$8K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4110	+0.111%	$457K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4100	+0.089%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4018	−0.098%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4082	+0.049%	$205K	$40K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4040	−0.048%	$13.9M	$32.8M	75x	as long as short
Hyperliquid NEAR	+0.0249%	1h	4.4097	+0.082%	$363.5M	$323.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0271%	1h	4.4080	+0.043%	$1.3M	$6.5M	20x	as long as short
Aster NEARUSDT	+0.0291%	8h	4.4106	+0.102%	$3.0M	$5.6M	50x	as long as short
Extended NEAR-USD	+0.0296%	1h	4.4063	+0.006%	$3.9M	$19.7M	25x	as long as short
01 Exchange NEARUSD	+0.0304%	1h	4.4151	+0.204%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0191%	1h	4.4030	−0.071%	$232K	—	100x	as long as short
Nado NEAR-PERP	+0.0532%	1h	4.4085	+0.054%	$1.9M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0568%	1h	4.4100	+0.089%	$1.5M	$7.2M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4150	+0.202%	$218K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0589%	1h	4.4069	+0.018%	$8.1M	$39.9M	50x	as long as short
Phoenix NEAR	+0.0794%	1h	4.3965	−0.218%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.0896%	1h	4.4123	+0.140%	$17.8M	$26.4M	15x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4144	+0.189%	$585K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1204%	1h	4.4087	+0.059%	$2.0M	$7.3M	25x	as long as short
Aftermath Perps NEARUSD	+0.1506%	1h	4.4026	−0.078%	$5K	$12K	10x	as long as short