Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against SoDEX+0.011%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX NEAR-USD	4.4325	0.0100	pay 0.0013% / 1h	30m 06s	$5K	$51K	10x
Short	SunX NEAR-USDT	4.4330	0.0100	get 0.0100% / 8h	5h 30m	$1K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against SoDEX. 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 SoDEXbpFee SunXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → 0.000%: $1.13
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$14.87
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; SunX: live order book, 4 min ago. Net counts fees only.

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 SoDEX no order-book sample	—	—	—	—	—
Sell SunX live order book, 4 min ago	826.47 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.4318	−0.015%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4314	−0.025%	$2.2M	$14.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4232	−0.209%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4224	−0.228%	$638K	$19.6M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.4379	+0.122%	$1.9M	$4.4M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4277	−0.109%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.576%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4370	+0.102%	$116K	$490K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4242	−0.187%	$418K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4368	+0.097%	$269.3M	$1.08B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.4400	+0.169%	$223.2M	$419.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4410	+0.192%	$63.4M	$294.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	+0.216%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4436	+0.250%	$32.1M	$62.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4410	+0.192%	$76.4M	$142.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4340	+0.034%	$55.5M	$44.3M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4373	+0.108%	$73.1M	$127.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4400	+0.169%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4186	−0.314%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4477	+0.344%	$267K	$989K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4540	+0.486%	$1.5M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4357	+0.072%	$216K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4309	−0.036%	$60K	$195K	20x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.4330	+0.011%	$1K	$1.4M	20x
SoDEX NEAR-USDlong	+0.0100%	1h	4.4325	long leg	$5K	$51K	10x
HTX NEAR-USDT	+0.0100%	8h	4.4300	−0.056%	$461K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4340	+0.034%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4201	−0.281%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4282	−0.097%	$3.8M	$18.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4325	0.000%	$206K	$34K	3x	as long as short
ApeX Omni NEARUSDT	+0.0186%	1h	4.4450	+0.282%	$172K	$793K	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4160	−0.372%	$13.6M	$31.2M	75x	as long as short
Aster NEARUSDT	+0.0234%	8h	4.4360	+0.079%	$3.0M	$5.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0245%	1h	4.4324	−0.003%	$261K	—	100x	as long as short
Nado NEAR-PERP	+0.0390%	1h	4.4350	+0.056%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.4335	+0.023%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4350	+0.056%	$211K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0576%	1h	4.4447	+0.275%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0695%	1h	4.4324	−0.001%	$8.2M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0720%	1h	4.4432	+0.241%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0753%	1h	4.4460	+0.305%	$370.3M	$309.0M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4463	+0.311%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4371	+0.104%	$559K	$1.3M	10x	as long as short
Lighter NEAR	+0.1288%	1h	4.4480	+0.351%	$17.8M	$25.9M	15x	as long as short
Aftermath Perps NEARUSD	+0.1688%	1h	4.4254	−0.161%	$6K	$12K	10x	as long as short