Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against SunX+0.049%7-day average −0.134% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1591.585% of the position

Long on SunX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 3 days (all we have)−0.476%−$48 · spread now +0.049%, 7d avg −0.134%

Together, before fees−0.505%−$50 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: Polymarket Perps is 0.183% dearer against SunX than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.134%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.2680	0.0100	pay 0.0100% / 8h	7h 58m	$2K	$1.4M	20x
Short	Polymarket Perps NEAR-USD	4.2701	0.0100	get 0.0013% / 1h	58m 43s	$194K	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.049%Rate

Funding earned: $0
Price spread: +0.049% → −0.134%: $18.29
Slippage, 4 orders: −$142.51
Fee SunX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$140.22
Costs to cover: 1.585%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; Polymarket Perps: live order book, 5 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	31.44 bp	55.4 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	0.93 bp	8.0 bp −$8	11.7 bp −$117	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	4.2630	−0.116%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0132%	1h	4.2650	−0.069%	$7.5M	$37.4M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2670	−0.023%	$2.2M	$13.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2711	+0.071%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2640	−0.094%	$369K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2643	−0.087%	$202K	—	150x	as long as short
Variational Omni NEAR	+0.0024%	8h	4.2669	−0.025%	$7.8M	$18.5M	—	as long as short
01 Exchange NEARUSD	+0.0032%	1h	4.2647	−0.077%	$13K	$7K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.976%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2690	+0.023%	$110K	$495K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.2650	−0.070%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2672	−0.019%	$31K	$647	10x	as long as short
Hyperliquid NEAR	+0.0100%	1h	4.2677	−0.007%	$363.6M	$301.4M	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2661	−0.044%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2680	0.000%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2630	−0.117%	$252.8M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2610	−0.164%	$216.8M	$421.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2610	−0.164%	$60.5M	$285.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2640	−0.094%	$195K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2757	+0.181%	$244K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2616	−0.150%	$30.8M	$58.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2620	−0.141%	$79.2M	$137.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2650	−0.070%	$55.7M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2616	−0.150%	$70.7M	$126.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2620	−0.141%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2687	+0.017%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2676	−0.010%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2710	+0.070%	$178K	$792K	50x	as long as short
Polymarket Perps NEAR-USDshort	+0.0100%	1h	4.2701	+0.049%	$194K	$3.5M	10x
SunX NEAR-USDTlong	+0.0100%	8h	4.2680	long leg	$2K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.2630	−0.117%	$4K	$54K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2760	+0.187%	$456K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2620	−0.141%	$3.8M	$8.5M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2612	−0.158%	$3.9M	$16.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2743	+0.147%	$202K	$23K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2590	−0.211%	$13.0M	$29.2M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0276%	1h	4.2664	−0.037%	$1.4M	$5.6M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0360%	1h	4.2679	−0.002%	$1.9M	$2.8M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0316%	1h	4.2637	−0.100%	$275K	—	100x	as long as short
Lighter RH NEAR	+0.0416%	1h	4.2705	+0.059%	$1.6M	$6.8M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2663	−0.040%	$418K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2828	+0.347%	$1.8M	$2.6M	10x	as long as short
Aftermath Perps NEARUSD	+0.1185%	1h	4.2754	+0.174%	$5K	$12K	10x	as long as short
Nado NEAR-PERP	+0.1190%	1h	4.2654	−0.062%	$1.9M	$3.4M	10x	as long as short
Lighter NEAR	+0.1784%	1h	4.2778	+0.230%	$16.9M	$23.4M	15x	as long as short