Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against edgeX−0.775%46s7-day average +0.143% · you buy dearer than you sell

Net, funding: paid 7d − costs−$169as 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−$1691.686% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.920%+$92 · spread now −0.775%, 7d avg +0.143%

Together, before fees+0.920%+ Points / potential airdropedgeX: Active · farm board+$92 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 0.918% cheaper against edgeX than usual: you would sell low and buy high, −$92 on $10k if it goes back to its 7-day average of +0.143%. 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	edgeX NEARUSDC	4.2741	0.0100	pay 0.0050% / 4h	3h 35m	$275K	$1.2M	20x
Short	SunX NEAR-USDT	4.2410	0.0100	get 0.0100% / 8h	7h 35m	$1K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against edgeX. 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 edgeXbpFee SunXbpOrdersPrice spread, now −0.775%Rate

Funding earned: $0
Price spread: −0.775% → +0.143%: −$91.78
Slippage, 4 orders: −$151.57
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$260.35
Costs to cover: 1.686%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; SunX: live order book, 9 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 edgeX live order book, 3 min ago	7.03 bp	12.1 bp −$12	28.2 bp −$282	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	31.46 bp	88.3 bp −$88	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
Bybit NEARUSDT	−0.0181%	8h	4.2090	−1.523%	$213.4M	$417.9M	75x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.2084	−1.538%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0133%	1h	4.2315	−0.997%	$7.2M	$37.4M	50x	as long as short
Gate NEAR_USDT	−0.0132%	8h	4.2106	−1.486%	$30.2M	$59.1M	75x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2347	−0.922%	$2.2M	$13.0M	50x	as long as short
01 Exchange NEARUSD	−0.0032%	1h	4.2130	−1.430%	$12K	$7K	10x	as long as short
Variational Omni NEAR	−0.0004%	8h	4.2298	−1.036%	$7.9M	$18.8M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2132	−1.425%	$109K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2336	−0.948%	$417K	$18.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2338	−0.943%	$200K	—	150x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.114%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2120	−1.453%	$110K	$481K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2397	−0.805%	$56K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2133	−1.423%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2160	−1.360%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2150	−1.382%	$395K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2150	−1.383%	$249.8M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2090	−1.523%	$59.5M	$274.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2130	−1.430%	$193K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2709	−0.074%	$243K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2140	−1.406%	$76.0M	$139.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2160	−1.360%	$55.2M	$42.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2089	−1.526%	$69.8M	$125.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2080	−1.547%	—	$141.6M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.2741	long leg	$275K	$1.2M	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2750	+0.021%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2520	−0.517%	$178K	$788K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2150	−1.383%	$200K	$3.5M	10x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.2410	−0.775%	$1K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.2330	−0.962%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2320	−0.985%	$451K	$3.6M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2046	−1.626%	$3.8M	$17.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2350	−0.915%	$197K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0146%	1h	4.2146	−1.392%	$354.0M	$302.6M	10x	as long as short
Phemex NEARUSDT	+0.0212%	8h	4.2310	−1.009%	$3.8M	$8.6M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2470	−0.634%	$13.1M	$28.6M	75x	as long as short
Lighter RH NEAR	+0.0328%	1h	4.2207	−1.250%	$1.6M	$6.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0371% / S −0.0308%	1h	4.2351	−0.913%	$269K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0387%	1h	4.2414	−0.765%	$1.9M	$3.2M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0398%	1h	4.2242	−1.168%	$1.4M	$5.7M	20x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2136	−1.415%	$398K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2415	−0.763%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0526%	1h	4.2113	−1.470%	$1.8M	$3.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1336%	1h	4.2684	−0.133%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1928%	1h	4.2247	−1.155%	$16.9M	$24.1M	15x	as long as short