Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0409%/8h= +44.8% APRpaid last 24h +0.133%

Price spread now: RISEx against SunX−0.469%7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$188as in the Price arb table

costs, in and out, $10k−$1511.512% of the position

Long on SunX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.378%+$38 on $10k

Price spread, last 3 days (all we have)+0.266%+$27 · spread now −0.469%, 7d avg −0.102%

Together, before fees+0.644%+$64 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.367% cheaper against SunX than usual: you would sell low and buy high (spread −0.469% now, against its 7-day average of −0.102%). If the spread goes back, that is −$37 on $10k: about 3.0 days of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.3270	0.0100	pay 0.0100% / 8h	6h 42m	$2K	$1.4M	20x
Short	RISEx NEAR/USDC	4.3067	0.0509	get 0.0064% / 1h	42m 25s	$536K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.469%Rate

Funding earned: $85.83
Price spread: −0.469% → −0.102%: −$36.67
Slippage, 4 orders: −$137.23
Fee SunX: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$102.07
Costs to cover: 1.512%
Break-even: 15.3 days

Slippage from SunX: live order book, 2 min ago; RISEx: live order book, 1 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, 2 min ago	31.24 bp	54.0 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	2.45 bp	5.5 bp −$5	16.8 bp −$168	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	4.3017	−0.585%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3217	−0.122%	$2.1M	$13.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3024	−0.570%	$107K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3228	−0.097%	$558K	$19.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3038	−0.537%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.299%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0040%	8h	4.3438	+0.389%	$8.2M	$19.1M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3010	−0.601%	$115K	$477K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3084	−0.430%	$57K	$161K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3040	−0.532%	$3.0M	$5.8M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.3007	−0.608%	$407K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3049	−0.510%	$257.7M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3040	−0.532%	$218.9M	$419.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3050	−0.508%	$60.8M	$278.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3070	−0.462%	$204K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3300	+0.069%	$247K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3021	−0.575%	$30.9M	$60.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3040	−0.532%	$75.6M	$137.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3050	−0.508%	$55.4M	$42.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3039	−0.534%	$71.3M	$123.5M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3040	−0.532%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3320	+0.115%	$260K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3386	+0.268%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3310	+0.092%	$179K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3031	−0.552%	$214K	$3.5M	10x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.3270	long leg	$2K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.3175	−0.220%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3280	+0.023%	$441K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3210	−0.139%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2947	−0.747%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2983	−0.664%	$3.8M	$17.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3069	−0.464%	$201K	$34K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0219%	1h	4.3210	−0.138%	$7.9M	$40.0M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3220	−0.116%	$13.2M	$27.6M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0358% / S −0.0277%	1h	4.3027	−0.561%	$258K	—	100x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.3051	−0.506%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0436%	1h	4.3015	−0.589%	$1.9M	$3.0M	10x	as long as short
RISEx NEAR/USDCshort	+0.0509%	1h	4.3067	−0.469%	$536K	$1.3M	10x
Phoenix NEAR	+0.0592%	1h	4.3533	+0.608%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0664%	1h	4.3103	−0.386%	$1.6M	$6.9M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0677%	1h	4.3182	−0.203%	$1.9M	$4.1M	25x	as long as short
Hyperliquid NEAR	+0.0775%	1h	4.3098	−0.398%	$362.6M	$305.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0823%	1h	4.3223	−0.109%	$1.4M	$6.0M	20x	as long as short
Lighter NEAR	+0.1448%	1h	4.3094	−0.408%	$17.2M	$24.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1475%	1h	4.3205	−0.151%	$5K	$12K	10x	as long as short