Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1286%/8h= −140.8% APRpaid last 24h −0.326%

Price spread now: SunX against Aftermath Perps+0.195%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. SunX is 0.195% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.195% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps NEARUSD	4.2876	0.1386	pay 0.0173% / 1h	25m 43s	$5K	$12K	10x
Short	SunX NEAR-USDT	4.2960	0.0100	get 0.0100% / 8h	2h 25m	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aftermath Perps. 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 Aftermath PerpsbpFee SunXbpOrdersPrice spread, now +0.195%Rate

Funding earned: −$270.02
Price spread: +0.195% → 0.000%: $19.51
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$267.51
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Aftermath Perps: no order-book sample; SunX: live order book, 8 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell SunX live order book, 8 min ago	31.33 bp	87.4 bp −$87	doesn't fit	doesn't fit	doesn't fit

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.2837	−0.092%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2917	+0.094%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2778	−0.228%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.420%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2840	−0.085%	$113K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2990	+0.266%	$262.9M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2974	+0.228%	$214.2M	$419.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3010	+0.312%	$60.2M	$285.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2997	+0.283%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2817	−0.138%	$32.4M	$60.1M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.2840	−0.085%	$77.2M	$144.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2820	−0.131%	$51.5M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2842	−0.080%	$70.8M	$127.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2840	−0.085%	—	$143.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2778	−0.230%	$8.1M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2992	+0.270%	$259K	$953K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2900	+0.055%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2861	−0.036%	$260K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2833	−0.101%	$56K	$243K	20x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.2960	+0.195%	$2K	$1.3M	20x
HTX NEAR-USDT	+0.0100%	8h	4.2890	+0.032%	$462K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2820	−0.131%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.2861	−0.036%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2860	−0.038%	$199K	$37K	3x	as long as short
ApeX Omni NEARUSDT	+0.0209%	1h	4.3020	+0.335%	$165K	$795K	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2820	−0.131%	$13.2M	$31.5M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2859	−0.040%	$2.3M	$15.8M	50x	as long as short
Kalshi KXNEARPERP	+0.0273%	8h	4.2839	−0.087%	$865K	$24.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0311% / S −0.0198%	1h	4.2777	−0.232%	$231K	—	100x	as long as short
Aster NEARUSDT	+0.0332%	8h	4.2970	+0.218%	$2.8M	$5.3M	50x	as long as short
Nado NEAR-PERP	+0.0400%	1h	4.2850	−0.061%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0536%	1h	4.2803	−0.170%	$3.6M	$19.6M	25x	as long as short
SoDEX NEAR-USD	+0.0568%	1h	4.2815	−0.143%	$6K	$52K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0657%	1h	4.2825	−0.120%	$1.3M	$6.6M	20x	as long as short
Hyperliquid NEAR	+0.0681%	1h	4.2901	+0.058%	$350.7M	$310.5M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0739%	1h	4.2792	−0.198%	$7.4M	$38.8M	50x	as long as short
01 Exchange NEARUSD	+0.0752%	1h	4.2897	+0.048%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2900	+0.055%	$215K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2840	−0.086%	$392K	$1.3M	10x	as long as short
Lighter NEAR	+0.0936%	1h	4.3011	+0.313%	$16.8M	$25.1M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2991	+0.267%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1136%	1h	4.3019	+0.333%	$1.4M	$7.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1199%	1h	4.2842	−0.080%	$1.9M	$11.0M	25x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2882	+0.014%	$684K	$1.3M	10x	as long as short
Aftermath Perps NEARUSDlong	+0.1386%	1h	4.2876	long leg	$5K	$12K	10x