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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0102%/8h= −11.2% APRpaid last 24h +0.046%
Price spread now: Injective against SunX−1.028%61s7-day average +0.911% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.007%+$1 on $10k
Price spread, last 3 days (all we have)+3.333%+$333 · spread now −1.028%, 7d avg +0.911%
Together, before fees+3.340%+$334 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Injective is 1.939% cheaper against SunX than usual: you would sell low and buy high (−$194 if the spread goes back to its 7-day average of +0.911%). Swap the legs. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NEAR-USDT4.18400.0100pay 0.0100% / 8h1h 34m$2K$1.4M20x
ShortInjective NEAR/USDC PERP4.1410−0.0002pay 0.0000% / 1h34m 00s$578$302K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$21.5
Price spread: −1.028% → +0.911%
−$193.87
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$223.39
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 10 min ago; Injective: no order-book sample. Net counts fees only.

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, 10 min ago31.18 bp51.5 bp −$51doesn't fitdoesn't fitdoesn't fit
Sell Injective no order-book sample
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h4.1770−0.167%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0032%1h4.1807−0.079%$2.1M$12.7M50xas long as short
Injective NEAR/USDC PERPshort−0.0002%1h4.1410−1.028%$578$302K12x
dYdX NEAR-USD0.0000%1h4.1828−0.029%$108K$58K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.1810−0.072%$431K$18.5M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.1794−0.110%$207K150xas long as short
Kraken Futures PF_NEARUSD+0.0048%1h4.1838−0.006%$7.6M$36.8M50xas long as short
01 Exchange NEARUSD+0.0072%1h4.1791−0.117%$12K$7K10xas long as short
Lighter RH NEAR+0.0096%1h4.1862+0.053%$1.5M$6.9M10xas long as short
Popdex NEARUSDT+0.0096%1h4.1790−0.120%$111K$483K50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_NEAR_USDC+0.0099%8h4.1800−0.096%$54K$157K20xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.1815−0.060%$30K$64710xas long as short
Aster NEARUSDT+0.0100%8h4.1880+0.095%$2.9M$5.7M50xas long as short
Pacifica NEAR+0.0100%1h4.1829−0.026%$362K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.1838−0.005%$239.2M$1.07B75xas long as short
Bybit NEARUSDT+0.0100%8h4.1812−0.067%$213.1M$422.9M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.1810−0.072%$57.5M$276.6M50xas long as short
Arcus NEAR-USD+0.0100%1h4.1830−0.024%$310K$1.6M10xas long as short
Bulk NEAR-USD+0.0100%1h4.1500−0.813%$236K$4K10xas long as short
Gate NEAR_USDT+0.0100%8h4.1835−0.012%$30.0M$57.3M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.18400.000%$82.3M$141.6M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.1870+0.072%$55.2M$44.4M75xas long as short
Bitget NEARUSDT+0.0100%8h4.1830−0.024%$69.5M$125.3M75xas long as short
BingX NEAR-USDC+0.0100%8h4.1820−0.048%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.1530−0.740%$7.7M$18.4Mas long as short
edgeX NEARUSDC+0.0100%4h4.1507−0.797%$237K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.1549−0.695%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.1510−0.789%$182K$789K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.1821−0.045%$207K$3.2M10xas long as short
SunX NEAR-USDTlong+0.0100%8h4.1840long leg$2K$1.4M20x
SoDEX NEAR-USD+0.0100%1h4.1810−0.072%$5K$46K10xas long as short
Phemex NEARUSDT+0.0100%8h4.1810−0.072%$3.8M$8.2M50xas long as short
Extended NEAR-USD+0.0104%1h4.1810−0.071%$3.8M$14.7M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.1795−0.108%$201K$62K3xas long as short
Lighter NEAR+0.0208%1h4.1888+0.114%$16.0M$23.2M15xas long as short
BloFin NEAR-USDT+0.0220%8h4.1830−0.024%$12.3M$33.5M75xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0228%1h4.1824−0.038%$1.8M$2.1M25xas long as short
Hyperliquid NEAR+0.0299%1h4.1882+0.100%$353.3M$298.5M10xas long as short
RISEx NEAR/USDC+0.0364%1h4.1811−0.070%$411K$1.2M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0381% / S −0.0328%1h4.1792−0.115%$282K100xas long as short
Backpack NEAR_USDC_PERP+0.0438%1h4.1869+0.069%$1.2M$5.7M20xas long as short
Nado NEAR-PERP+0.0531%1h4.1755−0.203%$1.8M$3.5M10xas long as short
Phoenix NEAR+0.0542%1h4.1571−0.643%$1.7M$2.7M10xas long as short
Aftermath Perps NEARUSD+0.0822%1h4.1650−0.453%$5K$11K10xas long as short
HTX NEAR-USDT+0.0986%8h4.1930+0.215%$450K$3.6M75xas long as short