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: OKX against SunX−0.045%7-day average −0.186% · you buy dearer than you sell

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1471.474% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 3 days (all we have)−0.262%−$26 · spread now −0.045%, 7d avg −0.186%

Together, before fees−0.275%−$27 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: OKX is 0.141% dearer against SunX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.186%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.4560	0.0100	pay 0.0100% / 8h	6h 21m	$2K	$1.4M	20x
Short	OKX NEAR-USDT-SWAP	4.4540	0.0100	get 0.0100% / 8h	6h 21m	$63.4M	$292.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → −0.186%: $14.09
Slippage, 4 orders: −$129.38
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$133.29
Costs to cover: 1.474%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; OKX: 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, 3 min ago	30.60 bp	50.0 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.13 bp	7.8 bp −$8	17.3 bp −$173	42.2 bp −$4,222	doesn't fit

NEAR on 44 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	4.4458	−0.228%	$2K	—	20x	as long as short
Phemex NEARUSDT	−0.0170%	8h	4.4450	−0.247%	$3.9M	$8.2M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.4448	−0.251%	$2.2M	$14.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4612	+0.117%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4561	+0.002%	$703K	$19.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4459	−0.227%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.069%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0072%	8h	4.3998	−1.262%	$8.6M	$18.6M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4460	−0.224%	$110K	$486K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4642	+0.185%	$422K	$1.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.4510	−0.112%	$269.9M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4510	−0.112%	$225.4M	$421.9M	75x	as long as short
OKX NEAR-USDT-SWAPshort	+0.0100%	8h	4.4540	−0.045%	$63.4M	$292.4M	50x
Arcus NEAR-USD	+0.0100%	1h	4.4560	0.000%	$212K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4050	−1.145%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4470	−0.202%	$32.2M	$62.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4480	−0.180%	$75.6M	$141.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4480	−0.180%	$54.9M	$43.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4450	−0.247%	$73.3M	$125.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4490	−0.157%	—	$143.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4063	−1.115%	$272K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4170	−0.875%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4180	−0.853%	$184K	$762K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4501	−0.132%	$218K	$3.5M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4470	−0.202%	$61K	$190K	20x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.4560	long leg	$2K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.4465	−0.213%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4520	−0.090%	$456K	$3.9M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4562	+0.005%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4423	−0.307%	$3.9M	$18.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4683	+0.275%	$208K	$34K	3x	as long as short
Aster NEARUSDT	+0.0168%	8h	4.4500	−0.135%	$3.1M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0213%	1h	4.4473	−0.196%	$8.1M	$40.8M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0335%	1h	4.4500	−0.135%	$1.9M	$4.2M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0360% / S −0.0258%	1h	4.4451	−0.244%	$269K	—	100x	as long as short
Nado NEAR-PERP	+0.0369%	1h	4.4485	−0.168%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.4533	−0.061%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.4520	−0.089%	$561K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4147	−0.927%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0832%	1h	4.4486	−0.166%	$1.7M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0897%	1h	4.4537	−0.052%	$376.4M	$307.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0954%	1h	4.4513	−0.105%	$1.4M	$6.1M	20x	as long as short
Aftermath Perps NEARUSD	+0.1528%	1h	4.4160	−0.897%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1672%	1h	4.4544	−0.035%	$17.8M	$25.4M	15x	as long as short