Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.026%

Price spread now: SunX against dYdX+0.048%7-day average +0.154% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.204%+$20 on $10k

Price spread, last 3 days (all we have)+0.385%+$38 · spread now +0.048%, 7d avg +0.154%

Together, before fees+0.589%+$59 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.106% cheaper against dYdX than usual: you would sell low and buy high (spread +0.048% now, against its 7-day average of +0.154%). If the spread goes back, that is −$11 on $10k: about 3.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX NEAR-USD	4.2859	0	get 0.0000% / 1h	21m 32s	$111K	$62K	10x
Short	SunX NEAR-USDT	4.2880	0.0100	get 0.0100% / 8h	21m 32s	$1K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against dYdX. 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 dYdXbpFee SunXbpOrdersPrice spread, now +0.048%Rate

Funding earned: $21
Price spread: +0.048% → +0.154%: −$10.57
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$7.57
Costs to cover: 0.180%
Break-even: 9.5 days

Slippage unknown: dYdX: live order book, 57 min ago; SunX: live order book, 3 min ago. Net counts fees only.

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 dYdX live order book, 57 min ago	79.83 bp	201.0 bp −$201	203.7 bp −$2,037	203.9 bp −$20.4K	214.8 bp −$107.4K
Sell SunX live order book, 3 min ago	502.29 bp	doesn't fit	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	4.2882	+0.053%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2820	−0.092%	$2.2M	$13.1M	50x	as long as short
dYdX NEAR-USDlong	0.0000%	1h	4.2859	long leg	$111K	$62K	10x
Kalshi KXNEARPERP	0.0000%	8h	4.2799	−0.141%	$340K	$18.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2864	+0.011%	$202K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.382%	$578	$302K	12x	as long as short
Bybit NEARUSDT	+0.0059%	8h	4.2880	+0.048%	$218.8M	$422.3M	75x	as long as short
Variational Omni NEAR	+0.0062%	8h	4.2470	−0.908%	$7.9M	$18.4M	—	as long as short
01 Exchange NEARUSD	+0.0080%	1h	4.2908	+0.113%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2910	+0.118%	$109K	$496K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2889	+0.068%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2902	+0.100%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2864	+0.010%	$401K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2896	+0.086%	$253.6M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2900	+0.095%	$61.0M	$287.1M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2900	+0.095%	$196K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2551	−0.720%	$242K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2876	+0.039%	$30.8M	$59.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2880	+0.048%	$78.4M	$142.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2940	+0.188%	$55.8M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2892	+0.076%	$71.2M	$126.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2880	+0.048%	—	$140.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2658	−0.470%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2722	−0.321%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2690	−0.395%	$178K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2933	+0.172%	$192K	$3.4M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2860	+0.002%	$57K	$194K	20x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.2880	+0.048%	$1K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.2831	−0.066%	$12K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2830	−0.068%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2866	+0.015%	$3.9M	$16.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2835	−0.056%	$202K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.2867	+0.018%	$7.7M	$37.5M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2680	−0.418%	$13.1M	$29.3M	75x	as long as short
Lighter RH NEAR	+0.0328%	1h	4.2916	+0.132%	$1.5M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0314%	1h	4.2869	+0.022%	$275K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2913	+0.126%	$418K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0457%	1h	4.2892	+0.076%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2601	−0.603%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0688%	1h	4.2874	+0.034%	$1.9M	$3.4M	10x	as long as short
Hyperliquid NEAR	+0.0732%	1h	4.2967	+0.251%	$369.2M	$298.6M	10x	as long as short
HTX NEAR-USDT	+0.0805%	8h	4.2880	+0.048%	$461K	$3.7M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0870%	1h	4.2913	+0.125%	$1.9M	$2.5M	25x	as long as short
Aftermath Perps NEARUSD	+0.1149%	1h	4.2713	−0.342%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1696%	1h	4.2961	+0.236%	$16.5M	$23.9M	15x	as long as short