Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.129%

Price spread now: SunX against HTX−0.117%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$239as in the Funding arb table

Net, price: spread back to 7d avg − costs−$184as in the Price arb table

costs, in and out, $10k−$1821.816% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.570%−$57 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now −0.117%, 7d avg −0.097%

Together, before fees−0.597%−$60 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.2840	0.0100	pay 0.0100% / 8h	2h 53m	$458K	$4.0M	75x
Short	SunX NEAR-USDT	4.2790	0.0100	get 0.0100% / 8h	2h 53m	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against HTX. 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 HTXbpFee SunXbpOrdersPrice spread, now −0.117%Rate

Funding earned: $0
Price spread: −0.117% → −0.097%: −$1.96
Slippage, 4 orders: −$161.63
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$183.59
Costs to cover: 1.816%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; SunX: live order book, 11 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 HTX live order book, 1 min ago	5.84 bp	23.7 bp −$24	66.5 bp −$665	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	13.96 bp	70.4 bp −$70	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	4.2744	−0.223%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2726	−0.266%	$105K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2736	−0.242%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.338%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2710	−0.303%	$111K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2810	−0.071%	$261.0M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2759	−0.189%	$212.0M	$426.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2780	−0.140%	$60.2M	$286.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2973	+0.310%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2740	−0.233%	$31.9M	$59.4M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.2770	−0.163%	$70.6M	$142.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2770	−0.163%	$52.9M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2773	−0.156%	$70.8M	$127.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2770	−0.163%	—	$144.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2828	−0.029%	$8.1M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2849	+0.020%	$250K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2790	−0.117%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2740	−0.233%	$273K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2807	−0.077%	$56K	$243K	20x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.2790	−0.117%	$2K	$1.4M	20x
HTX NEAR-USDTlong	+0.0100%	8h	4.2840	long leg	$458K	$4.0M	75x
Phemex NEARUSDT	+0.0100%	8h	4.2790	−0.117%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2722	−0.275%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2738	−0.238%	$199K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2850	+0.023%	$13.4M	$31.6M	75x	as long as short
Nado NEAR-PERP	+0.0234%	1h	4.2699	−0.328%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2754	−0.201%	$2.3M	$15.8M	50x	as long as short
Kalshi KXNEARPERP	+0.0271%	8h	4.2762	−0.182%	$823K	$24.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0195%	1h	4.2728	−0.262%	$229K	—	100x	as long as short
Aster NEARUSDT	+0.0332%	8h	4.2810	−0.070%	$2.8M	$5.5M	50x	as long as short
Lighter NEAR	+0.0440%	1h	4.2834	−0.014%	$16.8M	$24.9M	15x	as long as short
ApeX Omni NEARUSDT	+0.0512%	1h	4.2830	−0.023%	$165K	$793K	50x	as long as short
Extended NEAR-USD	+0.0520%	1h	4.2763	−0.179%	$3.7M	$19.9M	25x	as long as short
Hyperliquid NEAR	+0.0596%	1h	4.2752	−0.205%	$349.1M	$311.0M	10x	as long as short
SoDEX NEAR-USD	+0.0636%	1h	4.2775	−0.152%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0648%	1h	4.2767	−0.170%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0649%	1h	4.2721	−0.278%	$1.3M	$6.8M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0739%	1h	4.2772	−0.158%	$7.5M	$38.8M	50x	as long as short
Lighter RH NEAR	+0.0752%	1h	4.2835	−0.012%	$1.5M	$7.2M	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2750	−0.210%	$210K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2758	−0.191%	$392K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0966%	1h	4.2800	−0.093%	$1.9M	$10.5M	25x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2873	+0.077%	$1.8M	$2.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2736	−0.242%	$671K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1476%	1h	4.2814	−0.061%	$5K	$12K	10x	as long as short