Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.026%

Price spread now: dYdX against SunX+0.128%7-day average −0.152% · you sell dearer than you buy

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

Long on SunX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.204%−$20 on $10k

Price spread, last 4 days (all we have)−0.759%−$76 · spread now +0.128%, 7d avg −0.152%

Together, before fees−0.963%−$96 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.280% dearer against SunX than usual: you sell high and buy low (spread +0.128% now, against its 7-day average of −0.152%): +$28 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 9.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.4630	0.0100	pay 0.0100% / 8h	4h 42m	$1K	$1.4M	20x
Short	dYdX NEAR-USD	4.4687	0	get 0.0000% / 1h	42m 38s	$110K	$70K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.128%Rate

Funding earned: −$21
Price spread: +0.128% → −0.152%: $28.02
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$10.98
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: SunX: live order book, 12 min ago; dYdX: live order book, 16 min ago. 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, 12 min ago	501.28 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 16 min ago	84.80 bp	91.0 bp −$91	134.1 bp −$1,341	138.4 bp −$13.8K	159.1 bp −$79.6K

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	4.4514	−0.260%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4509	−0.271%	$2.2M	$15.4M	50x	as long as short
dYdX NEAR-USDshort	0.0000%	1h	4.4687	+0.128%	$110K	$70K	10x
Kalshi KXNEARPERP	0.0000%	8h	4.4690	+0.134%	$619K	$22.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4528	−0.228%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.215%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4600	−0.067%	$118K	$518K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4642	+0.026%	$427K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4594	−0.080%	$272.7M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4560	−0.157%	$223.2M	$425.1M	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	4.4540	−0.202%	$63.4M	$303.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4550	−0.179%	$254K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4656	+0.058%	$32.3M	$63.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4680	+0.112%	$75.2M	$147.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4710	+0.179%	$55.5M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4646	+0.036%	$73.4M	$130.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4650	+0.045%	—	$147.3M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4367	−0.590%	$8.6M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4481	−0.335%	$267K	$979K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4375	−0.572%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4230	−0.896%	$170K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4554	−0.170%	$241K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4545	−0.190%	$57K	$237K	20x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.4630	long leg	$1K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.4523	−0.240%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4740	+0.246%	$466K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4500	−0.291%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4648	+0.040%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4545	−0.190%	$207K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0184%	1h	4.4654	+0.054%	$368.8M	$327.0M	10x	as long as short
Extended NEAR-USD	+0.0200%	1h	4.4616	−0.031%	$4.0M	$19.6M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0214%	1h	4.4507	−0.276%	$1.4M	$6.6M	20x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4550	−0.179%	$14.1M	$33.2M	75x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.4612	−0.040%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0303%	8h	4.4603	−0.061%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0339% / S −0.0217%	1h	4.4536	−0.210%	$249K	—	100x	as long as short
Lighter RH NEAR	+0.0456%	1h	4.4668	+0.085%	$1.6M	$7.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0491%	1h	4.4556	−0.166%	$2.0M	$6.8M	25x	as long as short
Nado NEAR-PERP	+0.0511%	1h	4.4496	−0.300%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4700	+0.157%	$221K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0583%	1h	4.4513	−0.262%	$8.2M	$40.2M	50x	as long as short
Lighter NEAR	+0.0688%	1h	4.4680	+0.112%	$18.0M	$26.2M	15x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4521	−0.244%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4621	−0.021%	$564K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1554%	1h	4.4629	−0.002%	$6K	$12K	10x	as long as short