Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0538%/8h= −58.9% APRpaid last 24h −0.064%

Price spread now: SunX against Arcus+0.092%7-day average +0.074% · you sell dearer than you buy

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

Long on Arcus Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.355%−$35 on $10k

Price spread, last 4 days (all we have)+0.172%+$17 · spread now +0.092%, 7d avg +0.074%

Together, before fees−0.183%−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.3700	0.0638	pay 0.0080% / 1h	8m 48s	$229K	$1.5M	10x
Short	SunX NEAR-USDT	4.3740	0.0100	get 0.0100% / 8h	8m 48s	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Arcus. 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 ArcusbpFee SunXbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$112.91
Price spread: +0.092% → +0.074%: $1.8
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$123.61
Costs to cover: 0.125%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 5 min ago; SunX: live order book, 5 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 Arcus live order book, 5 min ago	3.43 bp	6.8 bp −$7	10.8 bp −$108	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	501.60 bp	doesn't fit	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	4.3669	−0.071%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3751	+0.117%	$108K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3680	−0.046%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0016%	1h	4.3682	−0.041%	$7.3M	$38.6M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.240%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3690	−0.023%	$113K	$498K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3770	+0.160%	$221.0M	$428.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3770	+0.160%	$61.4M	$296.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3601	−0.228%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3721	+0.048%	$35.9M	$63.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3730	+0.069%	$53.0M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3768	+0.156%	$72.4M	$127.8M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3490	−0.482%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3477	−0.511%	$252K	$894K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3514	−0.426%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3440	−0.595%	$166K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3721	+0.048%	$278K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3656	−0.101%	$58K	$235K	20x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.3740	+0.092%	$2K	$1.3M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.3680	−0.046%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3670	−0.069%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3762	+0.141%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3741	+0.094%	$3.6M	$16.6M	25x	as long as short
Aster NEARUSDT	+0.0119%	8h	4.3759	+0.134%	$2.7M	$4.8M	50x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3653	−0.108%	$203K	$38K	3x	as long as short
Hyperliquid NEAR	+0.0136%	1h	4.3781	+0.185%	$353.4M	$315.5M	10x	as long as short
MEXC NEAR_USDT	+0.0154%	8h	4.3770	+0.160%	$90.8M	$154.2M	200x	as long as short
HTX NEAR-USDT	+0.0155%	8h	4.3820	+0.275%	$466K	$3.8M	75x	as long as short
Binance NEARUSDT	+0.0155%	8h	4.3789	+0.203%	$265.2M	$1.09B	75x	as long as short
BingX NEAR-USDT	+0.0165%	8h	4.3720	+0.046%	—	$144.5M	—	as long as short
Kalshi KXNEARPERP	+0.0173%	8h	4.3654	−0.105%	$970K	$25.0M	2.2x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.3701	+0.002%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0275%	8h	4.3680	−0.046%	$13.3M	$32.2M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0341% / S −0.0240%	1h	4.3687	−0.029%	$254K	—	100x	as long as short
Nado NEAR-PERP	+0.0372%	1h	4.3695	−0.011%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0461%	1h	4.3771	+0.162%	$1.1M	$7.1M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3753	+0.121%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0488%	1h	4.3816	+0.265%	$1.5M	$6.7M	10x	as long as short
Lighter NEAR	+0.0536%	1h	4.3825	+0.286%	$17.3M	$25.4M	15x	as long as short
Arcus NEAR-USDlong	+0.0638%	1h	4.3700	long leg	$229K	$1.5M	10x
Pacifica NEAR	+0.0949%	1h	4.3788	+0.200%	$413K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3782	+0.188%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3696	−0.008%	$607K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1079%	1h	4.3698	−0.005%	$1.9M	$13.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1100%	1h	4.3597	−0.236%	$5K	$7K	10x	as long as short