Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against SunX+0.408%7-day average −0.146% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1611.614% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.548%−$55 · spread now +0.408%, 7d avg −0.146%

Together, before fees−0.548%+ Points / potential airdropedgeX: Active · farm board−$55 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.554% dearer against SunX than usual: you sell high and buy low, +$55 on $10k if it goes back to its 7-day average of −0.146%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.3580	0.0100	pay 0.0100% / 8h	3h 53m	$2K	$1.4M	20x
Short	edgeX NEARUSDC	4.3758	0.0100	get 0.0050% / 4h	3h 53m	$263K	$941K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.408%Rate

Funding earned: $0
Price spread: +0.408% → −0.146%: $55.42
Slippage, 4 orders: −$144.38
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$105.96
Costs to cover: 1.614%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; edgeX: live order book, 56 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, 11 min ago	30.68 bp	49.7 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 56 min ago	10.08 bp	15.2 bp −$15	35.7 bp −$357	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	4.3480	−0.230%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3502	−0.179%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3495	−0.195%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.979%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3578	−0.005%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3480	−0.229%	$107K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3540	−0.092%	$267.9M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3483	−0.223%	$219.2M	$424.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3480	−0.229%	$62.2M	$292.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3771	+0.439%	$249K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3502	−0.179%	$31.8M	$60.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3530	−0.115%	$74.7M	$143.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3530	−0.115%	$54.2M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3489	−0.209%	$71.4M	$129.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3510	−0.161%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3637	+0.132%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDCshort	+0.0100%	4h	4.3758	+0.408%	$263K	$941K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3610	+0.069%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3730	+0.344%	$168K	$800K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3499	−0.186%	$248K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3556	−0.055%	$56K	$242K	20x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.3580	long leg	$2K	$1.4M	20x
HTX NEAR-USDT	+0.0100%	8h	4.3640	+0.138%	$453K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3540	−0.092%	$3.7M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3399	−0.415%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3513	−0.153%	$202K	$40K	3x	as long as short
Kalshi KXNEARPERP	+0.0162%	8h	4.3623	+0.099%	$583K	$22.7M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3590	+0.023%	$13.7M	$32.3M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3552	−0.064%	$414K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0313%	8h	4.3535	−0.103%	$2.9M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0319% / S −0.0191%	1h	4.3499	−0.185%	$231K	—	100x	as long as short
SoDEX NEAR-USD	+0.0355%	1h	4.3509	−0.163%	$8K	$52K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0524%	1h	4.3515	−0.149%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0544%	1h	4.3491	−0.204%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0591%	1h	4.3529	−0.117%	$358.8M	$318.0M	10x	as long as short
Extended NEAR-USD	+0.0624%	1h	4.3497	−0.190%	$3.9M	$19.7M	25x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3510	−0.161%	$214K	$1.6M	10x	as long as short
Nado NEAR-PERP	+0.0691%	1h	4.3485	−0.218%	$1.9M	$3.1M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0708%	1h	4.3524	−0.129%	$7.7M	$39.9M	50x	as long as short
Lighter RH NEAR	+0.0856%	1h	4.3572	−0.018%	$1.6M	$7.2M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3617	+0.085%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3507	−0.167%	$596K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1221%	1h	4.3573	−0.016%	$1.9M	$8.1M	25x	as long as short
Lighter NEAR	+0.1360%	1h	4.3619	+0.090%	$17.6M	$24.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1642%	1h	4.3745	+0.378%	$5K	$12K	10x	as long as short