Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: SunX against Variational Omni−0.185%7-day average +0.139% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.161%+$16 · spread now −0.185%, 7d avg +0.139%

Together, before fees+0.166%+ Points / potential airdropVariational Omni: Active · farm board+$17 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: SunX is 0.324% cheaper against Variational Omni than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of +0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NEAR	4.3020	0.0100	pay 0.0100% / 8h	48m 26s	$8.0M	$17.9M	—
Short	SunX NEAR-USDT	4.2940	0.0100	get 0.0100% / 8h	48m 26s	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Variational Omni. 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 Variational OmnibpFee SunXbpOrdersPrice spread, now −0.185%Rate

Funding earned: $0
Price spread: −0.185% → +0.139%: −$32.43
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$40.43
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; SunX: live order book, 6 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 1 min ago	3.87 bp	doesn't fit	11.9 bp −$119	34.9 bp −$3,487	doesn't fit
Sell SunX live order book, 6 min ago	47.31 bp	69.0 bp −$69	doesn't fit	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	4.2817	−0.470%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2964	−0.129%	$2.2M	$13.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2801	−0.508%	$111K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2911	−0.252%	$389K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2852	−0.389%	$204K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.742%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2810	−0.487%	$109K	$496K	50x	as long as short
Bybit NEARUSDT	+0.0099%	8h	4.2816	−0.473%	$220.1M	$421.7M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2816	−0.474%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2834	−0.431%	$3.0M	$5.5M	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	4.2839	−0.419%	$403K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2850	−0.394%	$253.8M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2830	−0.441%	$61.0M	$285.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2810	−0.487%	$197K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3000	−0.046%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2846	−0.404%	$30.3M	$58.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2860	−0.371%	$79.3M	$140.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2860	−0.371%	$56.2M	$43.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2860	−0.371%	$71.3M	$126.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2830	−0.441%	—	$138.3M	—	as long as short
Variational Omni NEARlong	+0.0100%	8h	4.3020	long leg	$8.0M	$17.9M	—
edgeX NEARUSDC	+0.0100%	4h	4.3021	+0.003%	$269K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2980	−0.092%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2990	−0.069%	$180K	$788K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2862	−0.366%	$219K	$3.3M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2866	−0.357%	$57K	$194K	20x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.2940	−0.185%	$2K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.2950	−0.162%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2980	−0.092%	$3.9M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2833	−0.435%	$4.0M	$15.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2861	−0.368%	$206K	$62K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.2977	−0.099%	$7.5M	$36.9M	50x	as long as short
01 Exchange NEARUSD	+0.0216%	1h	4.2829	−0.443%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2970	−0.115%	$13.0M	$30.8M	75x	as long as short
Lighter RH NEAR	+0.0328%	1h	4.2882	−0.320%	$1.5M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0314%	1h	4.2852	−0.389%	$275K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0403%	1h	4.2888	−0.306%	$1.9M	$2.3M	25x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2832	−0.436%	$413K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0463%	1h	4.3418	+0.926%	$1.8M	$2.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0476%	1h	4.3020	+0.001%	$1.3M	$5.6M	20x	as long as short
Nado NEAR-PERP	+0.0852%	1h	4.2800	−0.511%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0889%	8h	4.3160	+0.326%	$461K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1214%	1h	4.3048	+0.067%	$5K	$11K	10x	as long as short
Hyperliquid NEAR	+0.1226%	1h	4.2884	−0.315%	$369.7M	$297.8M	10x	as long as short
Lighter NEAR	+0.1952%	1h	4.2944	−0.176%	$16.5M	$23.6M	15x	as long as short