Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against SunX−0.156%7-day average −0.147% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$406as in the Price arb table

costs, in and out, $10k−$4054.046% of the position

Long on SunX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.096%−$10 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now −0.156%, 7d avg −0.147%

Together, before fees−0.144%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.147%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.4280	0.0100	pay 0.0100% / 8h	4h 21m	$2K	$1.4M	20x
Short	gTrade (Gains Network) NEAR/USD	4.4211	L +0.0004% / S −0.0006%	get 0.0001% / 1h	21m 53s	$166K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.156%Rate

Funding earned: −$19.69
Price spread: −0.156% → −0.147%: −$0.94
Slippage, 4 orders: −$386.58
Fee SunX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$425.21
Costs to cover: 4.046%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 37 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, 3 min ago	30.57 bp	50.1 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 37 min ago	130.01 bp	137.7 bp −$138	1007.8 bp −$10.1K	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	4.4119	−0.362%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4128	−0.343%	$2.3M	$15.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4173	−0.241%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4185	−0.215%	$596K	$22.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USDshort	L +0.0004% / S −0.0006%	1h	4.4211	−0.156%	$166K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.481%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4160	−0.271%	$113K	$518K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4175	−0.236%	$422K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4235	−0.101%	$271.7M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4180	−0.226%	$222.1M	$424.3M	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	4.4180	−0.226%	$62.9M	$300.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4098	−0.411%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4172	−0.244%	$32.0M	$63.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4220	−0.136%	$74.5M	$149.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4190	−0.203%	$54.7M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4159	−0.273%	$72.6M	$130.5M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4190	−0.203%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3777	−1.136%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4030	−0.564%	$264K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3860	−0.949%	$1.4M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4050	−0.519%	$169K	$802K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4186	−0.212%	$232K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4244	−0.081%	$57K	$227K	20x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.4280	long leg	$2K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.4215	−0.147%	$8K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4230	−0.113%	$458K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4190	−0.203%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4166	−0.258%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4275	−0.011%	$206K	$40K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4260	−0.045%	$13.9M	$32.9M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0292%	1h	4.4130	−0.339%	$1.4M	$6.5M	20x	as long as short
Hyperliquid NEAR	+0.0295%	1h	4.4157	−0.278%	$364.2M	$324.5M	10x	as long as short
Aster NEARUSDT	+0.0303%	8h	4.4176	−0.235%	$3.0M	$5.5M	50x	as long as short
01 Exchange NEARUSD	+0.0312%	1h	4.4233	−0.106%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0190%	1h	4.4211	−0.155%	$234K	—	100x	as long as short
Extended NEAR-USD	+0.0336%	1h	4.4140	−0.317%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0530%	1h	4.4142	−0.311%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4220	−0.136%	$219K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0587%	1h	4.4249	−0.070%	$8.2M	$39.7M	50x	as long as short
Lighter RH NEAR	+0.0592%	1h	4.4260	−0.045%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4201	−0.178%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.0904%	1h	4.4265	−0.034%	$17.8M	$26.5M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0904%	1h	4.4262	−0.041%	$2.0M	$7.3M	25x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4208	−0.163%	$587K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1510%	1h	4.4112	−0.380%	$5K	$12K	10x	as long as short