Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.54 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against SunX−0.091%7-day average −0.167% · you buy dearer than you sell
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1661.657% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.087%−$9 on $10k
Price spread, last 4 days (all we have)−0.262%−$26 · spread now −0.091%, 7d avg −0.167%
Together, before fees−0.349%−$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.076% dearer against SunX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.167%. Mind the row above: over the last 7 days funding on this pair cost −0.087%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NEAR-USDT4.37200.0100pay 0.0100% / 8h7h 58m$1K$1.3M20x
ShortBingX NEAR-USDC4.36800.0154get 0.0154% / 8h7h 58m$6.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$11.34
Price spread: −0.091% → −0.167%
$7.57
Slippage, 4 orders
−$147.69
Fee SunX: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$146.78
Costs to cover
1.657%
Break-even
97.6 days
Slippage from SunX: live order book, 6 min ago; BingX: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 6 min ago30.98 bp51.8 bp −$52doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 9 min ago1.14 bp13.8 bp −$1433.2 bp −$33269.8 bp −$6,985484.7 bp −$242.3K

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NEARUSD−0.0432%1h4.3718−0.005%$7.2M$38.6M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.3707−0.029%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3629−0.208%$107K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3680−0.093%$163K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.284%$578$301K12xas long as short
Gate NEAR_USDT+0.0060%8h4.3676−0.101%$36.1M$61.5M75xas long as short
Popdex NEARUSDT+0.0096%1h4.3650−0.160%$115K$500K50xas long as short
Aster NEARUSDT+0.0100%8h4.3693−0.061%$2.7M$4.8M50xas long as short
Bybit NEARUSDT+0.0100%8h4.3679−0.094%$220.4M$430.1M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3680−0.091%$61.7M$296.6M50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus NEAR-USD+0.0100%1h4.3660−0.137%$229K$1.5M10xas long as short
Bulk NEAR-USD+0.0100%1h4.3688−0.073%$252K$3K10xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3740+0.046%$53.0M$45.9M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3701−0.043%$72.3M$127.6M75xas long as short
Variational Omni NEAR+0.0100%8h4.3629−0.208%$8.9M$18.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.3577−0.326%$253K$897K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3670−0.114%$1.4M$1.6M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3590−0.297%$166K$815K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3652−0.156%$272K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3730+0.023%$58K$235K20xas long as short
SunX NEAR-USDTlong+0.0100%8h4.3720long leg$1K$1.3M20x
SoDEX NEAR-USD+0.0100%1h4.3729+0.021%$5K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3670−0.114%$3.5M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3627−0.212%$32K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3703−0.038%$3.6M$16.3M25xas long as short
Aevo NEAR-PERP+0.0112%1h4.3725+0.011%$203K$40K3xas long as short
MEXC NEAR_USDT+0.0138%8h4.3680−0.091%$89.1M$152.4M200xas long as short
Binance NEARUSDT+0.0138%8h4.3692−0.063%$264.0M$1.09B75xas long as short
BingX NEAR-USDCshort+0.0154%8h4.3680−0.091%$6.6M
Nado NEAR-PERP+0.0156%1h4.3695−0.057%$1.7M$3.2M10xas long as short
Kalshi KXNEARPERP+0.0163%8h4.3681−0.089%$909K$25.1M2.2xas long as short
01 Exchange NEARUSD+0.0256%1h4.3669−0.117%$13K$7K10xas long as short
BloFin NEAR-USDT+0.0258%8h4.3770+0.114%$13.3M$32.3M75xas long as short
Hyperliquid NEAR+0.0296%1h4.3732+0.027%$352.8M$317.2M10xas long as short
HTX NEAR-USDT+0.0340%8h4.3790+0.160%$463K$3.8M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0344% / S −0.0244%1h4.3679−0.093%$254K100xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3740+0.046%$2.3M$17.0M50xas long as short
Backpack NEAR_USDC_PERP+0.0631%1h4.3734+0.032%$1.1M$7.2M20xas long as short
Lighter RH NEAR+0.0656%1h4.3734+0.032%$1.5M$6.4M10xas long as short
RISEx NEAR/USDC+0.0656%1h4.3659−0.138%$601K$1.4M10xas long as short
Lighter NEAR+0.0664%1h4.3728+0.018%$17.2M$23.7M15xas long as short
Pacifica NEAR+0.0701%1h4.3670−0.114%$412K$1.4M10xas long as short
Phoenix NEAR+0.0949%1h4.3666−0.124%$1.8M$2.4M10xas long as short
Aftermath Perps NEARUSD+0.1093%1h4.3674−0.104%$5K$7K10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.3204%1h4.3865+0.332%$1.9M$13.1M25xas long as short