Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: SunX against Pacifica+0.090%7-day average +0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$167as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1641.635% of the position

Long on Pacifica Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 3 days (all we have)+0.018%+$2 · spread now +0.090%, 7d avg +0.111%

Together, before fees−0.013%+ Points / potential airdropPacifica: 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 0.021% cheaper against Pacifica than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NEAR	4.4051	0.0100	pay 0.0013% / 1h	23m 39s	$416K	$1.2M	10x
Short	SunX NEAR-USDT	4.4090	0.0100	get 0.0100% / 8h	6h 23m	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Pacifica. 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 PacificabpFee SunXbpOrdersPrice spread, now +0.090%Rate

Funding earned: $0
Price spread: +0.090% → +0.111%: −$2.13
Slippage, 4 orders: −$147.53
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$165.66
Costs to cover: 1.635%
Break-even: never at this rate

Slippage from Pacifica: live order book, just now; 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 Pacifica live order book, just now	4.31 bp	16.3 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	30.72 bp	81.7 bp −$82	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	4.3963	−0.198%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.4009	−0.094%	$2.2M	$14.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4033	−0.041%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4197	+0.332%	$651K	$19.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4000	−0.115%	$195K	—	150x	as long as short
Phemex NEARUSDT	+0.0028%	8h	4.4020	−0.069%	$3.9M	$8.2M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.994%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0072%	8h	4.3998	−0.120%	$8.6M	$18.6M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4060	+0.021%	$113K	$482K	50x	as long as short
Pacifica NEARlong	+0.0100%	1h	4.4051	long leg	$416K	$1.2M	10x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.4031	−0.045%	$265.7M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4023	−0.063%	$224.0M	$419.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4060	+0.021%	$62.8M	$288.0M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4060	+0.021%	$209K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4050	−0.001%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4038	−0.029%	$31.8M	$61.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4040	−0.024%	$76.2M	$140.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4100	+0.112%	$56.5M	$43.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4049	−0.004%	$72.9M	$124.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4060	+0.021%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4063	+0.029%	$272K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4048	−0.006%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3860	−0.433%	$182K	$767K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4004	−0.106%	$218K	$3.5M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4031	−0.044%	$61K	$190K	20x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.4090	+0.090%	$2K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.4025	−0.058%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4080	+0.067%	$452K	$3.9M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4038	−0.029%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4035	−0.036%	$3.8M	$18.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4070	+0.044%	$205K	$34K	3x	as long as short
Aster NEARUSDT	+0.0165%	8h	4.4076	+0.057%	$3.1M	$5.7M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0204%	1h	4.4044	−0.015%	$1.9M	$4.2M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0215%	1h	4.4042	−0.019%	$8.1M	$40.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0358% / S −0.0271%	1h	4.3997	−0.121%	$261K	—	100x	as long as short
Nado NEAR-PERP	+0.0403%	1h	4.3983	−0.154%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.4112	+0.139%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.4077	+0.060%	$557K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4147	+0.219%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0824%	1h	4.4162	+0.253%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0874%	1h	4.4158	+0.244%	$373.8M	$306.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0927%	1h	4.4092	+0.094%	$1.4M	$6.0M	20x	as long as short
Aftermath Perps NEARUSD	+0.1510%	1h	4.4027	−0.054%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1672%	1h	4.4134	+0.189%	$17.6M	$25.3M	15x	as long as short