Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Gate+0.218%7-day average +0.171% · you sell dearer than you buy

Net, funding: paid 7d − costs−$235as in the Funding arb table

Net, price: spread back to 7d avg − costs−$234as in the Price arb table

costs, in and out, $10k−$2382.385% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 3 days (all we have)+0.187%+$19 · spread now +0.218%, 7d avg +0.171%

Together, before fees+0.219%+$22 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 0.048% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.171%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.1709	0.0100	pay 0.0100% / 8h	1h 31m	$29.9M	$57.3M	75x
Short	SunX NEAR-USDT	4.1800	0.0100	get 0.0100% / 8h	1h 31m	$1K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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 GatebpFee SunXbpOrdersPrice spread, now +0.218%Rate

Funding earned: $0
Price spread: +0.218% → +0.171%: $4.76
Slippage, 4 orders: −$215.48
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$233.72
Costs to cover: 2.385%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; SunX: live order book, 3 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 Gate live order book, 2 min ago	1.43 bp	14.6 bp −$15	22.8 bp −$228	34.4 bp −$3,443	51.5 bp −$25.8K
Sell SunX live order book, 3 min ago	66.86 bp	120.7 bp −$121	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	4.1736	+0.065%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1733	+0.058%	$2.1M	$12.7M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.717%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1725	+0.038%	$108K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1731	+0.053%	$430K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1802	+0.224%	$207K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0048%	1h	4.1820	+0.266%	$7.6M	$36.8M	50x	as long as short
01 Exchange NEARUSD	+0.0088%	1h	4.1717	+0.019%	$12K	$7K	10x	as long as short
Lighter RH NEAR	+0.0096%	1h	4.1762	+0.127%	$1.5M	$6.9M	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1690	−0.046%	$111K	$482K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1797	+0.211%	$53K	$158K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1707	−0.005%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1820	+0.266%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1725	+0.039%	$361K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1714	+0.012%	$238.4M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1688	−0.050%	$212.7M	$423.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1670	−0.094%	$57.4M	$275.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1720	+0.026%	$310K	$1.6M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1500	−0.501%	$236K	$4K	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.1709	long leg	$29.9M	$57.3M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.1720	+0.026%	$82.0M	$141.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1760	+0.122%	$55.0M	$44.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1674	−0.084%	$69.0M	$125.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1690	−0.046%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1530	−0.429%	$7.7M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1767	+0.138%	$238K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1831	+0.293%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1790	+0.194%	$175K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1758	+0.117%	$206K	$3.2M	10x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.1800	+0.218%	$1K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.1788	+0.189%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1800	+0.218%	$3.8M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1661	−0.116%	$3.8M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1786	+0.184%	$201K	$62K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1740	+0.074%	$12.2M	$33.2M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0252%	1h	4.1825	+0.278%	$1.8M	$2.2M	25x	as long as short
Hyperliquid NEAR	+0.0307%	1h	4.1797	+0.211%	$352.8M	$298.8M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1710	+0.003%	$410K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0381% / S −0.0328%	1h	4.1790	+0.193%	$281K	—	100x	as long as short
Lighter NEAR	+0.0408%	1h	4.1789	+0.192%	$15.9M	$23.2M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.0439%	1h	4.1796	+0.209%	$1.2M	$5.7M	20x	as long as short
Nado NEAR-PERP	+0.0536%	1h	4.1715	+0.014%	$1.8M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1571	−0.331%	$1.7M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.0832%	1h	4.1712	+0.006%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.0981%	8h	4.1860	+0.362%	$448K	$3.6M	75x	as long as short