Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: SunX against Extended+0.389%7-day average +0.196% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1461.462% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 3 days (all we have)−0.035%−$4 · spread now +0.389%, 7d avg +0.196%

Together, before fees−0.015%+ Points / potential airdropExtended: Active · farm board−$1 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 0.193% dearer against Extended than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.196%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NEAR-USD	4.3471	0.0104	pay 0.0013% / 1h	2m 43s	$3.8M	$18.6M	25x
Short	SunX NEAR-USDT	4.3640	0.0100	get 0.0100% / 8h	6h 02m	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now +0.389%Rate

Funding earned: −$0.84
Price spread: +0.389% → +0.196%: $19.3
Slippage, 4 orders: −$133.24
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$127.78
Costs to cover: 1.462%
Break-even: never at this rate

Slippage from Extended: live order book, 6 min ago; SunX: live order book, 12 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 Extended live order book, 6 min ago	0.69 bp	6.1 bp −$6	11.7 bp −$117	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	30.89 bp	83.1 bp −$83	doesn't fit	doesn't fit	doesn't fit

NEAR on 44 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	4.3588	+0.269%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3550	+0.182%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3523	+0.120%	$107K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3619	+0.341%	$560K	$19.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3511	+0.094%	$196K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.741%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3610	+0.320%	$114K	$487K	50x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3557	+0.199%	$8.4M	$18.4M	—	as long as short
Pacifica NEAR	+0.0100%	1h	4.3539	+0.157%	$408K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3544	+0.169%	$264.0M	$1.08B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.3550	+0.182%	$219.1M	$417.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3540	+0.159%	$61.9M	$287.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3570	+0.228%	$207K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3555	+0.194%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3523	+0.120%	$31.4M	$63.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3540	+0.159%	$75.2M	$144.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3550	+0.182%	$53.8M	$43.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3488	+0.039%	$71.4M	$126.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3520	+0.113%	—	$143.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3788	+0.730%	$270K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3556	+0.197%	$1.4M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3780	+0.711%	$199K	$774K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3644	+0.398%	$207K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3545	+0.171%	$60K	$190K	20x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.3640	+0.389%	$2K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.3530	+0.136%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3700	+0.527%	$456K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3540	+0.159%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3538	+0.154%	$31K	$608	10x	as long as short
Extended NEAR-USDlong	+0.0104%	1h	4.3471	long leg	$3.8M	$18.6M	25x
Aevo NEAR-PERP	+0.0104%	1h	4.3553	+0.188%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0180%	8h	4.3544	+0.168%	$3.0M	$5.6M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0217%	1h	4.3542	+0.164%	$7.7M	$40.7M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0347% / S −0.0242%	1h	4.3513	+0.097%	$255K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0347%	1h	4.3556	+0.196%	$1.9M	$4.3M	25x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3646	+0.403%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0424%	1h	4.3597	+0.291%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3537	+0.153%	$547K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3816	+0.794%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0792%	1h	4.3600	+0.297%	$1.6M	$7.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0819%	1h	4.3548	+0.177%	$1.5M	$6.3M	20x	as long as short
Hyperliquid NEAR	+0.0862%	1h	4.3590	+0.274%	$366.9M	$305.9M	10x	as long as short
Aftermath Perps NEARUSD	+0.1646%	1h	4.3712	+0.555%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1696%	1h	4.3642	+0.394%	$17.4M	$25.8M	15x	as long as short