Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%

Price spread now: Aevo against SunX−0.143%7-day average −0.133% · you buy dearer than you sell

Net, funding: paid 7d − costs−$182as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$1821.820% of the position

Long on SunX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.143%, 7d avg −0.133%

Together, before fees+0.025%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.4790	0.0100	pay 0.0100% / 8h	7h 13m	$2K	$1.3M	20x
Short	Aevo NEAR-PERP	4.4726	0.0104	get 0.0013% / 1h	13m 24s	$208K	$38K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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 SunXbpFee AevobpOrdersPrice spread, now −0.143%Rate

Funding earned: $0.84
Price spread: −0.143% → −0.133%: −$0.94
Slippage, 4 orders: −$158.04
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$182.14
Costs to cover: 1.820%
Break-even: 1524.8 days

Slippage from SunX: live order book, 11 min ago; Aevo: live order book, 20 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 SunX live order book, 11 min ago	30.56 bp	49.8 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 20 min ago	10.34 bp	26.2 bp −$26	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
Kraken Futures PF_NEARUSD	−0.0422%	1h	4.4729	−0.137%	$7.4M	$38.5M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4703	−0.195%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4759	−0.070%	$109K	$53K	10x	as long as short
Phemex NEARUSDT	+0.0001%	8h	4.4710	−0.179%	$3.6M	$7.7M	50x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4678	−0.249%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.546%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4780	−0.022%	$115K	$509K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4718	−0.161%	$2.7M	$4.6M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4700	−0.201%	$270.0M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4696	−0.210%	$228.1M	$426.8M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4650	−0.313%	$62.9M	$301.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4800	+0.022%	$230K	$1.4M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4710	−0.179%	$38.0M	$63.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4690	−0.223%	$88.6M	$162.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4760	−0.067%	$52.9M	$45.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4704	−0.192%	$73.8M	$127.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4690	−0.223%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4848	+0.131%	$9.3M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4718	−0.161%	$259K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4710	−0.179%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4670	−0.268%	$168K	$826K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4752	−0.085%	$279K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4686	−0.232%	$57K	$239K	20x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.4790	long leg	$2K	$1.3M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.4745	−0.100%	$5K	$49K	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4787	−0.007%	$258K	$3K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4765	−0.055%	$32K	$413	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4748	−0.094%	$3.7M	$15.1M	25x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.4726	−0.143%	$208K	$38K	3x
Kalshi KXNEARPERP	+0.0135%	8h	4.4774	−0.036%	$903K	$25.4M	2.2x	as long as short
Nado NEAR-PERP	+0.0217%	1h	4.4745	−0.100%	$1.7M	$3.2M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4730	−0.134%	$12.6M	$33.0M	75x	as long as short
01 Exchange NEARUSD	+0.0344%	1h	4.4804	+0.031%	$13K	$6K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0359% / S −0.0261%	1h	4.4694	−0.214%	$263K	—	100x	as long as short
Hyperliquid NEAR	+0.0378%	1h	4.4790	0.000%	$364.6M	$318.1M	10x	as long as short
Lighter RH NEAR	+0.0472%	1h	4.4884	+0.210%	$1.6M	$6.5M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.4827	+0.083%	$2.3M	$17.6M	50x	as long as short
HTX NEAR-USDT	+0.0490%	8h	4.4800	+0.022%	$472K	$3.7M	75x	as long as short
Lighter NEAR	+0.0504%	1h	4.4862	+0.162%	$17.6M	$24.1M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.0593%	1h	4.4752	−0.085%	$1.1M	$7.1M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.4788	−0.004%	$618K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.4818	+0.061%	$422K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.4814	+0.054%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1124%	1h	4.4610	−0.401%	$6K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1316%	1h	4.4782	−0.018%	$1.9M	$13.1M	25x	as long as short