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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0112%/8h= +12.2% APRpaid last 24h +0.178%
Price spread now: Hyperliquid against SunX−0.177%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$175as in the Price arb table
costs, in and out, $10k−$1591.588% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.354%+$35 on $10k
Price spread, last 3 days (all we have)+0.054%+$5 · spread now −0.177%, 7d avg −0.016%
Together, before fees+0.408%+ Points / potential airdropHyperliquid: Season 2 · farm board+$41 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.162% cheaper against SunX than usual: you would sell low and buy high (spread −0.177% now, against its 7-day average of −0.016%). If the spread goes back, that is −$16 on $10k: about 4.8 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NEAR-USDT4.28700.0100pay 0.0100% / 8h7h 41m$2K$1.4M20x
ShortHyperliquid NEAR4.27940.0212get 0.0026% / 1h41m 04s$363.3M$302.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$23.47
Price spread: −0.177% → −0.016%
−$16.16
Slippage, 4 orders
−$141.78
Fee SunX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$151.47
Costs to cover
1.588%
Break-even
52.2 days
Slippage from SunX: live order book, 3 min ago; Hyperliquid: live order book, 13 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 ago31.46 bp55.4 bp −$55doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 13 min ago1.04 bp7.2 bp −$7doesn't fitdoesn't fitdoesn't fit

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%1h4.2658−0.493%$2K20xas long as short
Bybit NEARUSDT−0.0137%8h4.2710−0.373%$217.6M$418.5M75xas long as short
Kraken Futures PF_NEARUSD−0.0131%1h4.2846−0.056%$7.5M$36.9M50xas long as short
Coinbase International NEAR-PERP-INTX−0.0096%1h4.2792−0.182%$2.3M$13.0M50xas long as short
Gate NEAR_USDT−0.0087%8h4.2733−0.320%$30.8M$58.8M75xas long as short
01 Exchange NEARUSD−0.0008%1h4.2667−0.474%$13K$7K10xas long as short
dYdX NEAR-USD0.0000%1h4.2699−0.399%$111K$64K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.2716−0.359%$415K$18.5M2.2xas long as short
Variational Omni NEAR+0.0002%8h4.2588−0.657%$7.9M$18.7Mas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.2761−0.254%$202K150xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.406%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.2670−0.467%$111K$480K50xas long as short
Orderly PERP_NEAR_USDC+0.0099%8h4.2817−0.124%$57K$193K20xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.2691−0.417%$31K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.2809−0.142%$3.0M$5.7M50xas long as short
Pacifica NEAR+0.0100%1h4.2666−0.477%$399K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.2746−0.288%$254.2M$1.07B75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2730−0.327%$60.7M$278.0M50xas long as short
Arcus NEAR-USD+0.0100%1h4.2700−0.397%$196K$1.8M10xas long as short
Bulk NEAR-USD+0.0100%1h4.3050+0.420%$245K−$010xas long as short
MEXC NEAR_USDT+0.0100%8h4.2750−0.280%$78.8M$138.9M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2790−0.187%$56.0M$43.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2734−0.317%$70.9M$124.8M75xas long as short
BingX NEAR-USDC+0.0100%8h4.2750−0.280%$6.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.2773−0.226%$275K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2740−0.303%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.2880+0.023%$179K$790K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2672−0.462%$195K$3.5M10xas long as short
SunX NEAR-USDTlong+0.0100%8h4.2870long leg$2K$1.4M20x
SoDEX NEAR-USD+0.0100%1h4.2810−0.140%$5K$52K10xas long as short
HTX NEAR-USDT+0.0100%8h4.28700.000%$456K$3.6M75xas long as short
Phemex NEARUSDT+0.0100%8h4.2830−0.093%$3.8M$8.5M50xas long as short
Extended NEAR-USD+0.0104%1h4.2793−0.180%$3.9M$17.2M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.2778−0.215%$199K$28K3xas long as short
Hyperliquid NEARshort+0.0212%1h4.2794−0.177%$363.3M$302.3M10x
BloFin NEAR-USDT+0.0220%8h4.2830−0.093%$13.1M$28.9M75xas long as short
Lighter RH NEAR+0.0304%1h4.2879+0.021%$1.6M$6.9M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0373% / S −0.0307%1h4.2744−0.294%$272K100xas long as short
RISEx NEAR/USDC+0.0428%1h4.2688−0.423%$404K$1.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0445%1h4.2800−0.163%$1.3M$5.7M20xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0498%1h4.2838−0.075%$1.9M$3.2M25xas long as short
Phoenix NEAR+0.0499%1h4.2790−0.187%$1.8M$2.7M10xas long as short
Nado NEAR-PERP+0.0515%1h4.2660−0.490%$1.9M$3.3M10xas long as short
Aftermath Perps NEARUSD+0.1308%1h4.2867−0.007%$5K$12K10xas long as short
Lighter NEAR+0.2136%1h4.2955+0.197%$17.2M$23.9M15xas long as short