Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: SunX against Aevo+0.352%7-day average +0.136% · you sell dearer than you buy

Net, funding: paid 7d − costs−$326as in the Funding arb table

Net, price: spread back to 7d avg − costs−$304as in the Price arb table

costs, in and out, $10k−$3263.261% of the position

Long on Aevo Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.198%−$20 · spread now +0.352%, 7d avg +0.136%

Together, before fees−0.197%−$20 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 0.216% dearer against Aevo than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.136%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.3118	0.0104	pay 0.0013% / 1h	42m 24s	$200K	$37K	3x
Short	SunX NEAR-USDT	4.3270	0.0100	get 0.0100% / 8h	3h 42m	$1K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aevo. 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 AevobpFee SunXbpOrdersPrice spread, now +0.352%Rate

Funding earned: −$0.84
Price spread: +0.352% → +0.136%: $21.64
Slippage, 4 orders: −$302.13
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$305.32
Costs to cover: 3.261%
Break-even: never at this rate

Slippage from Aevo: live order book, 11 min ago; SunX: 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 Aevo live order book, 11 min ago	85.15 bp	93.2 bp −$93	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	31.19 bp	86.1 bp −$86	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	4.3185	+0.155%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3254	+0.315%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3168	+0.116%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.962%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3140	+0.050%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3240	+0.282%	$107K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3230	+0.259%	$265.2M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3064	−0.126%	$214.5M	$428.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3070	−0.112%	$61.6M	$289.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3400	+0.653%	$247K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3175	+0.132%	$31.6M	$60.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3210	+0.213%	$73.4M	$144.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3220	+0.236%	$53.7M	$46.3M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3077	−0.096%	$70.7M	$128.9M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3190	+0.166%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3397	+0.647%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3444	+0.755%	$254K	$950K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3214	+0.223%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3100	−0.042%	$166K	$799K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3216	+0.227%	$261K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3106	−0.028%	$57K	$246K	20x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.3270	+0.352%	$1K	$1.4M	20x
HTX NEAR-USDT	+0.0100%	8h	4.3200	+0.190%	$468K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3170	+0.120%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3185	+0.154%	$31K	$608	10x	as long as short
Aevo NEAR-PERPlong	+0.0104%	1h	4.3118	long leg	$200K	$37K	3x
Kalshi KXNEARPERP	+0.0130%	8h	4.3392	+0.635%	$654K	$23.1M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3390	+0.630%	$13.8M	$32.2M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3278	+0.370%	$411K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0309%	8h	4.3226	+0.250%	$2.9M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0194%	1h	4.3170	+0.120%	$231K	—	100x	as long as short
SoDEX NEAR-USD	+0.0403%	1h	4.3085	−0.077%	$8K	$49K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0512%	1h	4.3350	+0.537%	$1.4M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3247	+0.299%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0602%	1h	4.3242	+0.287%	$354.8M	$320.8M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3240	+0.282%	$212K	$1.6M	10x	as long as short
Extended NEAR-USD	+0.0672%	1h	4.3067	−0.119%	$3.8M	$19.8M	25x	as long as short
Nado NEAR-PERP	+0.0678%	1h	4.3210	+0.214%	$1.8M	$3.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0679%	1h	4.3108	−0.024%	$2.0M	$8.8M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0715%	1h	4.3102	−0.037%	$7.6M	$39.6M	50x	as long as short
Lighter RH NEAR	+0.0888%	1h	4.3355	+0.549%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3302	+0.426%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1152%	1h	4.3299	+0.419%	$17.5M	$24.9M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3232	+0.263%	$654K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1598%	1h	4.3368	+0.580%	$5K	$12K	10x	as long as short