Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0264%/8h= −28.9% APRpaid last 24h −0.139%

Price spread now: SunX against RISEx+0.001%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1471.472% of the position

Long on RISEx Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.373%−$37 on $10k

Price spread, last 3 days (all we have)+0.394%+$39 · spread now +0.001%, 7d avg +0.101%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and SunX is 0.100% cheaper against RISEx than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.101%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx NEAR/USDC	4.1559	0.0364	pay 0.0046% / 1h	47m 00s	$411K	$1.2M	10x
Short	SunX NEAR-USDT	4.1560	0.0100	get 0.0100% / 8h	1h 47m	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against RISEx. 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 RISExbpFee SunXbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$55.46
Price spread: +0.001% → +0.101%: −$9.97
Slippage, 4 orders: −$133.17
Fee RISEx: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$212.59
Costs to cover: 1.472%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; SunX: live order book, 7 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 RISEx live order book, 2 min ago	2.12 bp	5.1 bp −$5	11.7 bp −$117	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	31.48 bp	84.1 bp −$84	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	4.1503	−0.136%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1492	−0.162%	$2.1M	$12.6M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.359%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1611	+0.124%	$107K	$56K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1617	+0.139%	$442K	$18.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1513	−0.111%	$205K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0049%	1h	4.1530	−0.071%	$7.5M	$36.8M	50x	as long as short
01 Exchange NEARUSD	+0.0072%	1h	4.1544	−0.037%	$12K	$7K	10x	as long as short
Lighter NEAR	+0.0096%	1h	4.1567	+0.018%	$15.3M	$22.5M	15x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1530	−0.071%	$111K	$483K	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	4.1530	−0.071%	$53K	$156K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1609	+0.118%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1562	+0.007%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1605	+0.110%	$350K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1522	−0.091%	$236.7M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1486	−0.177%	$211.7M	$423.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1490	−0.167%	$56.8M	$274.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1580	+0.050%	$308K	$1.6M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1518	−0.100%	$29.6M	$56.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1500	−0.143%	$81.7M	$141.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1530	−0.071%	$54.9M	$44.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1506	−0.128%	$68.9M	$125.8M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1530	−0.071%	—	$136.8M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1461	−0.236%	$7.7M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1473	−0.209%	$236K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1500	−0.142%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1510	−0.119%	$182K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1554	−0.013%	$197K	$3.1M	10x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.1560	+0.001%	$2K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.1509	−0.121%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1520	−0.095%	$3.8M	$8.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1450	−0.263%	$236K	$4K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1484	−0.181%	$3.8M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1510	−0.118%	$200K	$62K	3x	as long as short
Lighter RH NEAR	+0.0120%	1h	4.1554	−0.013%	$1.4M	$6.9M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0208%	1h	4.1549	−0.025%	$1.8M	$2.1M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1500	−0.143%	$12.3M	$33.4M	75x	as long as short
Hyperliquid NEAR	+0.0330%	1h	4.1573	+0.033%	$349.4M	$298.3M	10x	as long as short
RISEx NEAR/USDClong	+0.0364%	1h	4.1559	long leg	$411K	$1.2M	10x
GMX NEAR/USD [ETH-USDC]	L +0.0379% / S −0.0327%	1h	4.1503	−0.137%	$279K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0472%	1h	4.1556	−0.008%	$1.2M	$5.7M	20x	as long as short
Nado NEAR-PERP	+0.0489%	1h	4.1513	−0.111%	$1.8M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1447	−0.270%	$1.7M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.0896%	1h	4.1464	−0.230%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1014%	8h	4.1650	+0.218%	$446K	$3.6M	75x	as long as short