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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against SunX−0.115%55s7-day average −0.141% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1571.566% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.195%+$19 on $10k
Price spread, last 4 days (all we have)−0.129%−$13 · spread now −0.115%, 7d avg −0.141%
Together, before fees+0.066%+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.027% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.141%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NEAR-USDT4.36400.0100pay 0.0100% / 8h3h 51m$2K$1.4M20x
ShortBloFin NEAR-USDT4.35900.0220get 0.0220% / 8h3h 51m$13.7M$32.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$25.2
Price spread: −0.115% → −0.141%
$2.68
Slippage, 4 orders
−$136.56
Fee SunX: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$128.68
Costs to cover
1.566%
Break-even
42.7 days
Slippage from SunX: live order book, 3 min ago; BloFin: live order book, 3 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, 3 min ago30.83 bp50.8 bp −$51doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 3 min ago5.72 bp11.7 bp −$1215.4 bp −$15434.4 bp −$3,44290.3 bp −$45.2K

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
Reya NEARRUSDPERP−0.0171%1h4.3558−0.188%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3515−0.286%$107K$69K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3560−0.183%$163K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.110%$578$301K12xas long as short
Coinbase International NEAR-PERP-INTX+0.0056%1h4.3572−0.156%$2.3M$15.8M50xas long as short
Popdex NEARUSDT+0.0096%1h4.3500−0.321%$107K$501K50xas long as short
Binance NEARUSDT+0.0100%8h4.3554−0.196%$268.0M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3500−0.321%$219.2M$424.5M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3550−0.206%$62.1M$292.9M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3771+0.301%$249K−$010xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0100%8h4.3533−0.245%$31.8M$60.4M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3540−0.229%$74.5M$143.5M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3530−0.252%$54.2M$46.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3479−0.369%$71.3M$129.0M75xas long as short
BingX NEAR-USDT+0.0100%8h4.3490−0.344%$146.2Mas long as short
Variational Omni NEAR+0.0100%8h4.3637−0.006%$8.4M$18.0Mas long as short
edgeX NEARUSDC+0.0100%4h4.3582−0.133%$255K$948K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3520−0.275%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3560−0.183%$167K$801K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3578−0.142%$247K$3.8M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3565−0.172%$56K$243K20xas long as short
SunX NEAR-USDTlong+0.0100%8h4.3640long leg$2K$1.4M20x
HTX NEAR-USDT+0.0100%8h4.3630−0.023%$456K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3600−0.092%$3.7M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3495−0.331%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.3533−0.245%$202K$40K3xas long as short
Kalshi KXNEARPERP+0.0162%8h4.3550−0.206%$579K$22.7M2.2xas long as short
BloFin NEAR-USDTshort+0.0220%8h4.3590−0.115%$13.7M$32.3M75x
Pacifica NEAR+0.0263%1h4.3533−0.245%$414K$1.2M10xas long as short
Aster NEARUSDT+0.0309%8h4.3520−0.275%$2.9M$5.6M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0319% / S −0.0191%1h4.3560−0.183%$231K100xas long as short
SoDEX NEAR-USD+0.0353%1h4.3555−0.195%$8K$52K10xas long as short
01 Exchange NEARUSD+0.0512%1h4.3538−0.234%$13K$7K10xas long as short
Backpack NEAR_USDC_PERP+0.0546%1h4.3585−0.126%$1.4M$6.5M20xas long as short
Hyperliquid NEAR+0.0595%1h4.3544−0.220%$358.7M$318.1M10xas long as short
Arcus NEAR-USD+0.0627%1h4.3550−0.206%$214K$1.6M10xas long as short
Extended NEAR-USD+0.0632%1h4.3483−0.361%$3.9M$19.7M25xas long as short
Nado NEAR-PERP+0.0689%1h4.3505−0.309%$1.9M$3.1M10xas long as short
Kraken Futures PF_NEARUSD+0.0707%1h4.3570−0.161%$7.7M$39.9M50xas long as short
Lighter RH NEAR+0.0840%1h4.3554−0.197%$1.5M$7.3M10xas long as short
Phoenix NEAR+0.0941%1h4.3617−0.053%$1.8M$2.8M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0990%1h4.3601−0.089%$1.9M$8.1M25xas long as short
RISEx NEAR/USDC+0.1162%1h4.3545−0.217%$595K$1.4M10xas long as short
Lighter NEAR+0.1352%1h4.3585−0.127%$17.6M$24.8M15xas long as short
Aftermath Perps NEARUSD+0.1630%1h4.3708+0.155%$5K$12K10xas long as short