Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1503%/8h= +164.6% APRpaid last 24h +0.320%

Price spread now: Aftermath Perps against SunX−0.049%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Aftermath Perps

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

Funding pays, the price is against you. Aftermath Perps is 0.049% cheaper against SunX than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 3 hours of funding at the current rate (+$45 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.3990	0.0100	pay 0.0100% / 8h	3h 58m	$2K	$1.4M	20x
Short	Aftermath Perps NEARUSD	4.3969	0.1603	get 0.0200% / 1h	58m 39s	$5K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.049%Rate

Funding earned: $315.61
Price spread: −0.049% → 0.000%: −$4.86
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $293.76
Costs to cover: 0.170%
Break-even: 0.5 days

Slippage unknown: SunX: live order book, 6 min ago; Aftermath Perps: no order-book sample. 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 SunX live order book, 6 min ago	30.68 bp	49.7 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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	4.3888	−0.232%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3837	−0.348%	$108K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3862	−0.291%	$623K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3877	−0.257%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.865%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3968	−0.050%	$2.2M	$15.7M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3840	−0.341%	$113K	$504K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3860	−0.296%	$270.7M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3787	−0.461%	$220.9M	$422.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3800	−0.432%	$62.7M	$293.7M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk NEAR-USD	+0.0100%	1h	4.3879	−0.253%	$250K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3863	−0.289%	$31.9M	$60.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3880	−0.250%	$76.2M	$142.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3890	−0.227%	$54.7M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3865	−0.284%	$72.1M	$129.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3850	−0.318%	—	$146.0M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3907	−0.188%	$8.5M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3951	−0.089%	$264K	$966K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3988	−0.003%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3990	0.000%	$169K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3948	−0.095%	$244K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3895	−0.216%	$57K	$244K	20x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.3990	long leg	$2K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.3889	−0.230%	$8K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3980	−0.023%	$455K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3930	−0.136%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3835	−0.352%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3950	−0.092%	$204K	$40K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3910	−0.182%	$13.8M	$32.5M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3879	−0.251%	$417K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0313%	8h	4.3850	−0.318%	$2.9M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0191%	1h	4.3879	−0.253%	$233K	—	100x	as long as short
Nado NEAR-PERP	+0.0385%	1h	4.3903	−0.197%	$1.9M	$3.1M	10x	as long as short
Extended NEAR-USD	+0.0576%	1h	4.3866	−0.282%	$3.9M	$19.6M	25x	as long as short
01 Exchange NEARUSD	+0.0576%	1h	4.3899	−0.207%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3890	−0.227%	$216K	$1.7M	10x	as long as short
Hyperliquid NEAR	+0.0628%	1h	4.3886	−0.236%	$361.6M	$320.2M	10x	as long as short
Lighter RH NEAR	+0.0672%	1h	4.3925	−0.148%	$1.6M	$7.0M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0702%	1h	4.3879	−0.252%	$7.9M	$39.8M	50x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4008	+0.041%	$1.8M	$2.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0806%	1h	4.3921	−0.157%	$1.4M	$6.4M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0980%	1h	4.3945	−0.102%	$2.0M	$7.3M	25x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3890	−0.227%	$603K	$1.4M	10x	as long as short
Lighter NEAR	+0.1368%	1h	4.3941	−0.111%	$17.7M	$24.8M	15x	as long as short
Aftermath Perps NEARUSDshort	+0.1603%	1h	4.3969	−0.049%	$5K	$12K	10x