Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.015%

Price spread now: Extended against SunX−0.215%7-day average −0.202% · you buy dearer than you sell

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1391.394% of the position

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)−1.146%−$115 · spread now −0.215%, 7d avg −0.202%

Together, before fees−1.150%+ Points / potential airdropExtended: Active · farm board−$115 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.4700	0.0100	pay 0.0100% / 8h	7h 12m	$2K	$1.3M	20x
Short	Extended NEAR-USD	4.4604	0.0104	get 0.0013% / 1h	12m 11s	$3.7M	$15.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.215%Rate

Funding earned: $0.84
Price spread: −0.215% → −0.202%: −$1.28
Slippage, 4 orders: −$126.38
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$139.82
Costs to cover: 1.394%
Break-even: 1172.2 days

Slippage from SunX: live order book, 2 min ago; Extended: live order book, 2 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, 2 min ago	31.26 bp	50.8 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.78 bp	5.2 bp −$5	15.0 bp −$150	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
Kraken Futures PF_NEARUSD	−0.0424%	1h	4.4578	−0.274%	$7.3M	$38.6M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4703	+0.006%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4759	+0.131%	$109K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4598	−0.229%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.360%	$578	$301K	12x	as long as short
Phemex NEARUSDT	+0.0091%	8h	4.4670	−0.067%	$3.6M	$7.7M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4620	−0.179%	$114K	$509K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4635	−0.146%	$2.7M	$4.6M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4703	+0.006%	$270.0M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4716	+0.036%	$227.9M	$427.1M	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	4.4680	−0.045%	$62.8M	$301.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4670	−0.067%	$229K	$1.4M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4716	+0.036%	$38.1M	$63.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4720	+0.045%	$88.9M	$162.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4740	+0.089%	$52.9M	$45.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4747	+0.105%	$73.9M	$127.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4760	+0.134%	—	$82.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4848	+0.332%	$9.3M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4718	+0.040%	$259K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4710	+0.022%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4670	−0.067%	$168K	$826K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4585	−0.257%	$278K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4633	−0.150%	$57K	$239K	20x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.4700	long leg	$2K	$1.3M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.4605	−0.213%	$5K	$49K	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4787	+0.195%	$258K	$3K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4643	−0.128%	$32K	$413	10x	as long as short
Extended NEAR-USDshort	+0.0104%	1h	4.4604	−0.215%	$3.7M	$15.0M	25x
Aevo NEAR-PERP	+0.0104%	1h	4.4610	−0.201%	$207K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0134%	8h	4.4665	−0.078%	$920K	$25.4M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4670	−0.067%	$12.6M	$32.9M	75x	as long as short
Nado NEAR-PERP	+0.0225%	1h	4.4547	−0.341%	$1.7M	$3.2M	10x	as long as short
01 Exchange NEARUSD	+0.0344%	1h	4.4666	−0.076%	$13K	$6K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0359% / S −0.0261%	1h	4.4600	−0.223%	$262K	—	100x	as long as short
Hyperliquid NEAR	+0.0394%	1h	4.4779	+0.177%	$364.3M	$318.4M	10x	as long as short
HTX NEAR-USDT	+0.0480%	8h	4.4750	+0.112%	$470K	$3.7M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.4697	−0.007%	$2.3M	$17.6M	50x	as long as short
Lighter RH NEAR	+0.0488%	1h	4.4648	−0.116%	$1.5M	$6.5M	10x	as long as short
Lighter NEAR	+0.0496%	1h	4.4646	−0.122%	$17.5M	$24.1M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.0595%	1h	4.4744	+0.098%	$1.1M	$7.1M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.4646	−0.120%	$616K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.4665	−0.079%	$421K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.4814	+0.255%	$1.8M	$2.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0781%	1h	4.4647	−0.119%	$1.9M	$13.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1127%	1h	4.4617	−0.186%	$6K	$7K	10x	as long as short