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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against SunX−0.091%7-day average −0.125% · you buy dearer than you sell

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$162as in the Price arb table

costs, in and out, $10k−$1651.649% of the position

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 4 days (all we have)−0.270%−$27 · spread now −0.091%, 7d avg −0.125%

Together, before fees−0.306%−$31 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: KuCoin is 0.033% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.125%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.3740	0.0100	pay 0.0100% / 8h	18m 12s	$1K	$1.3M	20x
Short	KuCoin NEARUSDTM	4.3700	0.0100	get 0.0100% / 8h	18m 12s	$52.9M	$46.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.091%Rate

Funding earned: $0
Price spread: −0.091% → −0.125%: $3.34
Slippage, 4 orders: −$144.91
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$161.57
Costs to cover: 1.649%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; KuCoin: live order book, 11 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, 6 min ago	31.04 bp	51.9 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	2.31 bp	18.2 bp −$18	31.7 bp −$317	106.6 bp −$10.7K	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	4.3644	−0.219%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3624	−0.266%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3688	−0.120%	$164K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3671	−0.157%	$7.2M	$38.4M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.327%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3680	−0.137%	$114K	$498K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3641	−0.226%	$220.4M	$428.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3640	−0.229%	$61.4M	$295.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3601	−0.319%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3651	−0.203%	$35.7M	$62.8M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTMshort	+0.0100%	8h	4.3700	−0.091%	$52.9M	$46.0M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3652	−0.201%	$72.2M	$127.7M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3517	−0.509%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3412	−0.750%	$252K	$899K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3550	−0.434%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3430	−0.709%	$166K	$815K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3697	−0.098%	$279K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3709	−0.071%	$58K	$235K	20x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.3740	long leg	$1K	$1.3M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.3690	−0.114%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3670	−0.160%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3660	−0.184%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3674	−0.151%	$3.6M	$16.8M	25x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3705	−0.080%	$203K	$38K	3x	as long as short
HTX NEAR-USDT	+0.0149%	8h	4.3820	+0.183%	$466K	$3.8M	75x	as long as short
Aster NEARUSDT	+0.0150%	8h	4.3660	−0.184%	$2.7M	$4.9M	50x	as long as short
Hyperliquid NEAR	+0.0152%	1h	4.3693	−0.107%	$352.2M	$315.9M	10x	as long as short
MEXC NEAR_USDT	+0.0171%	8h	4.3670	−0.160%	$89.0M	$152.7M	200x	as long as short
Binance NEARUSDT	+0.0172%	8h	4.3677	−0.145%	$264.2M	$1.09B	75x	as long as short
Kalshi KXNEARPERP	+0.0178%	8h	4.3675	−0.149%	$964K	$25.0M	2.2x	as long as short
BingX NEAR-USDC	+0.0184%	8h	4.3660	−0.183%	—	$6.6M	—	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.3704	−0.082%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0292%	8h	4.3570	−0.389%	$13.3M	$32.1M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0207%	1h	4.3689	−0.117%	$236K	—	100x	as long as short
Nado NEAR-PERP	+0.0379%	1h	4.3645	−0.217%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0461%	1h	4.3702	−0.087%	$1.0M	$7.1M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3698	−0.096%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0536%	1h	4.3723	−0.039%	$1.5M	$6.7M	10x	as long as short
Lighter NEAR	+0.0552%	1h	4.3714	−0.060%	$17.2M	$25.3M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3690	−0.114%	$230K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0849%	1h	4.3735	−0.011%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3663	−0.176%	$411K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3607	−0.304%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3691	−0.112%	$607K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1118%	1h	4.3479	−0.597%	$5K	$7K	10x	as long as short