Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%
Price spread now: SunX against gTrade (Gains Network)+0.315%54s7-day average +0.145% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$4044.041% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.096%+$10 on $10k
Price spread, last 3 days (all we have)−0.132%−$13 · spread now +0.315%, 7d avg +0.145%
Together, before fees−0.035%−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.170% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.145%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) NEAR/USD4.2695L +0.0004% / S −0.0004%pay 0.0001% / 1h26m 27s$203K150x
ShortSunX NEAR-USDT4.28300.0100get 0.0100% / 8h7h 26m$2K$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against gTrade (Gains Network). 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

Funding earned
$20.11
Price spread: +0.315% → +0.145%
$17.02
Slippage, 4 orders
−$386.06
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$366.93
Costs to cover
4.041%
Break-even
134.7 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 48 min ago; SunX: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 48 min ago130.01 bp135.0 bp −$135875.9 bp −$8,7599405.5 bp −$940.5Kdoesn't fit
Sell SunX live order book, 8 min ago30.74 bp81.1 bp −$81doesn't fitdoesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.2664−0.074%$2K20xas long as short
Kraken Futures PF_NEARUSD−0.0132%1h4.2773+0.183%$7.2M$37.3M50xas long as short
Coinbase International NEAR-PERP-INTX−0.0096%1h4.2797+0.238%$2.2M$12.9M50xas long as short
01 Exchange NEARUSD−0.0016%1h4.2814+0.278%$13K$7K10xas long as short
Variational Omni NEAR−0.0004%8h4.2668−0.064%$7.9M$18.8Mas long as short
dYdX NEAR-USD0.0000%1h4.2763+0.159%$111K$64K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.2829+0.313%$401K$18.5M2.2xas long as short
gTrade (Gains Network) NEAR/USDlongL +0.0004% / S −0.0004%1h4.2695long leg$203K150x
Bybit NEARUSDT+0.0022%8h4.2680−0.036%$215.8M$415.7M75xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.011%$578$302K12xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0068%8h4.2685−0.024%$30.7M$59.5M75xas long as short
Popdex NEARUSDT+0.0096%1h4.2780+0.198%$114K$480K50xas long as short
Orderly PERP_NEAR_USDC+0.0098%8h4.2698+0.006%$57K$191K20xas long as short
Paradex NEAR-USD-PERP+0.0099%8h4.2767+0.167%$31K$60810xas long as short
Aster NEARUSDT+0.0100%8h4.2827+0.309%$2.9M$5.7M50xas long as short
Pacifica NEAR+0.0100%1h4.2768+0.170%$395K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.2710+0.034%$252.8M$1.06B75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2670−0.059%$60.0M$277.2M50xas long as short
Arcus NEAR-USD+0.0100%1h4.2810+0.268%$196K$1.7M10xas long as short
Bulk NEAR-USD+0.0100%1h4.2789+0.220%$244K−$010xas long as short
MEXC NEAR_USDT+0.0100%8h4.2700+0.011%$76.5M$140.4M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2720+0.058%$56.2M$42.8M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2679−0.038%$70.7M$124.2M75xas long as short
BingX NEAR-USDT+0.0100%8h4.2690−0.013%$141.8Mas long as short
edgeX NEARUSDC+0.0100%4h4.2763+0.158%$255K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2603−0.217%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.2810+0.268%$179K$782K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2752+0.133%$205K$3.5M10xas long as short
SunX NEAR-USDTshort+0.0100%8h4.2830+0.315%$2K$1.4M20x
SoDEX NEAR-USD+0.0100%1h4.2780+0.198%$5K$52K10xas long as short
HTX NEAR-USDT+0.0100%8h4.2890+0.456%$457K$3.6M75xas long as short
Phemex NEARUSDT+0.0100%8h4.2750+0.128%$3.8M$8.5M50xas long as short
Extended NEAR-USD+0.0104%1h4.2756+0.141%$3.8M$16.9M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.2690−0.013%$199K$28K3xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0124%1h4.2786+0.212%$1.9M$3.4M25xas long as short
Hyperliquid NEAR+0.0147%1h4.2789+0.219%$358.9M$305.1M10xas long as short
BloFin NEAR-USDT+0.0220%8h4.2770+0.175%$12.9M$28.1M75xas long as short
Lighter RH NEAR+0.0368%1h4.2836+0.329%$1.6M$6.9M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0372% / S −0.0306%1h4.2695−0.002%$272K100xas long as short
Backpack NEAR_USDC_PERP+0.0416%1h4.2801+0.247%$1.3M$5.9M20xas long as short
RISEx NEAR/USDC+0.0428%1h4.2826+0.305%$406K$1.2M10xas long as short
Nado NEAR-PERP+0.0476%1h4.2724+0.068%$1.9M$3.2M10xas long as short
Phoenix NEAR+0.0499%1h4.2669−0.062%$1.8M$2.7M10xas long as short
Aftermath Perps NEARUSD+0.1312%1h4.2729+0.078%$5K$12K10xas long as short
Lighter NEAR+0.1888%1h4.2861+0.389%$17.1M$24.3M15xas long as short