Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0527%/8h= +57.8% APRpaid last 24h +0.109%

Price spread now: Arcus against SunX+0.091%7-day average −0.068% · 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−$125as in the Price arb table

costs, in and out, $10k−$1411.411% of the position

Long on SunX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.319%+$32 on $10k

Price spread, last 4 days (all we have)−0.749%−$75 · spread now +0.091%, 7d avg −0.068%

Together, before fees−0.431%−$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Arcus is 0.160% dearer against SunX than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.3750	0.0100	pay 0.0100% / 8h	3h 55m	$2K	$1.4M	20x
Short	Arcus NEAR-USD	4.3790	0.0627	get 0.0078% / 1h	55m 30s	$215K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.091%Rate

Funding earned: $110.76
Price spread: +0.091% → −0.068%: $15.95
Slippage, 4 orders: −$128.56
Fee SunX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$14.35
Costs to cover: 1.411%
Break-even: 7.9 days

Slippage from SunX: live order book, 9 min ago; Arcus: live order book, 4 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, 9 min ago	30.68 bp	49.7 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 4 min ago	2.28 bp	4.5 bp −$5	9.9 bp −$99	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	4.3592	−0.361%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3659	−0.208%	$108K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3605	−0.331%	$659K	$22.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3618	−0.302%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.349%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3673	−0.176%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3770	+0.046%	$108K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3800	+0.114%	$270.4M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3737	−0.030%	$220.9M	$423.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3730	−0.046%	$62.3M	$293.9M	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	+0.294%	$250K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3743	−0.016%	$31.9M	$60.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3740	−0.023%	$75.2M	$143.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3770	+0.046%	$54.5M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3731	−0.043%	$71.9M	$129.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3750	0.000%	—	$146.4M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3637	−0.257%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3685	−0.148%	$262K	$940K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3610	−0.320%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3700	−0.114%	$168K	$800K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3766	+0.037%	$255K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3674	−0.174%	$56K	$244K	20x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.3750	long leg	$2K	$1.4M	20x
HTX NEAR-USDT	+0.0100%	8h	4.3740	−0.023%	$455K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3680	−0.160%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3603	−0.335%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3613	−0.313%	$203K	$40K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3570	−0.411%	$13.7M	$32.2M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3657	−0.213%	$415K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0308%	8h	4.3626	−0.283%	$2.9M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0319% / S −0.0191%	1h	4.3607	−0.328%	$231K	—	100x	as long as short
SoDEX NEAR-USD	+0.0392%	1h	4.3650	−0.229%	$8K	$52K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0460%	1h	4.3672	−0.178%	$1.3M	$6.4M	20x	as long as short
01 Exchange NEARUSD	+0.0528%	1h	4.3803	+0.121%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0580%	1h	4.3664	−0.197%	$359.7M	$320.7M	10x	as long as short
Extended NEAR-USD	+0.0608%	1h	4.3723	−0.062%	$3.9M	$19.7M	25x	as long as short
Arcus NEAR-USDshort	+0.0627%	1h	4.3790	+0.091%	$215K	$1.6M	10x
Nado NEAR-PERP	+0.0659%	1h	4.3735	−0.034%	$1.9M	$3.1M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0706%	1h	4.3655	−0.216%	$7.8M	$39.8M	50x	as long as short
Phoenix NEAR	+0.0794%	1h	4.3982	+0.530%	$1.8M	$2.8M	10x	as long as short
Lighter RH NEAR	+0.0896%	1h	4.3674	−0.174%	$1.5M	$7.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0988%	1h	4.3685	−0.149%	$1.9M	$7.6M	25x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3798	+0.109%	$600K	$1.4M	10x	as long as short
Lighter NEAR	+0.1448%	1h	4.3762	+0.028%	$17.7M	$24.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1634%	1h	4.3814	+0.146%	$5K	$12K	10x	as long as short