Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Bulk+0.506%7-day average +0.155% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1641.641% of the position

Long on Bulk Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.506%, 7d avg +0.155%

Together, before fees+0.021%+$2 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 0.351% dearer against Bulk than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of +0.155%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk NEAR-USD	4.3500	0.0100	pay 0.0013% / 1h	10m 53s	$248K	−$0	10x
Short	SunX NEAR-USDT	4.3720	0.0100	get 0.0100% / 8h	2h 10m	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bulk. 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 BulkbpFee SunXbpOrdersPrice spread, now +0.506%Rate

Funding earned: $0
Price spread: +0.506% → +0.155%: $35.07
Slippage, 4 orders: −$149.06
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$128.99
Costs to cover: 1.641%
Break-even: never at this rate

Slippage from Bulk: live order book, 38 min ago; SunX: live order book, 3 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 Bulk live order book, 38 min ago	11.67 bp	15.2 bp −$15	15.2 bp −$152	26.9 bp −$2,694	41.3 bp −$20.6K
Sell SunX live order book, 3 min ago	30.88 bp	82.9 bp −$83	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	4.3646	+0.335%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3587	+0.199%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3606	+0.244%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.805%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3620	+0.276%	$115K	$498K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3689	+0.434%	$218.9M	$420.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3700	+0.460%	$61.7M	$290.6M	50x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.3500	long leg	$248K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.3646	+0.336%	$33.2M	$60.6M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3720	+0.506%	$52.7M	$46.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.3690	+0.437%	$72.1M	$125.8M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3478	−0.051%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3575	+0.171%	$255K	$962K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3591	+0.210%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3667	+0.384%	$280K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3674	+0.400%	$57K	$243K	20x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.3720	+0.506%	$2K	$1.3M	20x
HTX NEAR-USDT	+0.0100%	8h	4.3760	+0.598%	$472K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3640	+0.322%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3623	+0.282%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.3697	+0.453%	$203K	$37K	3x	as long as short
BingX NEAR-USDT	+0.0116%	8h	4.3700	+0.460%	—	$143.4M	—	as long as short
MEXC NEAR_USDT	+0.0122%	8h	4.3730	+0.529%	$83.1M	$146.0M	200x	as long as short
Binance NEARUSDT	+0.0125%	8h	4.3730	+0.529%	$266.1M	$1.09B	75x	as long as short
BloFin NEAR-USDT	+0.0245%	8h	4.3630	+0.299%	$13.3M	$32.1M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.3701	+0.462%	$2.3M	$16.2M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0312% / S −0.0201%	1h	4.3610	+0.253%	$234K	—	100x	as long as short
Kalshi KXNEARPERP	+0.0313%	8h	4.3600	+0.230%	$994K	$24.7M	2.2x	as long as short
Aster NEARUSDT	+0.0335%	8h	4.3725	+0.517%	$2.8M	$5.2M	50x	as long as short
Nado NEAR-PERP	+0.0399%	1h	4.3644	+0.332%	$1.7M	$3.2M	10x	as long as short
ApeX Omni NEARUSDT	+0.0418%	1h	4.3580	+0.184%	$167K	$796K	50x	as long as short
Extended NEAR-USD	+0.0488%	1h	4.3685	+0.426%	$3.7M	$19.4M	25x	as long as short
SoDEX NEAR-USD	+0.0528%	1h	4.3685	+0.425%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0656%	1h	4.3708	+0.478%	$359.0M	$311.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0683%	1h	4.3696	+0.451%	$1.3M	$6.6M	20x	as long as short
01 Exchange NEARUSD	+0.0720%	1h	4.3681	+0.416%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0725%	1h	4.3648	+0.341%	$7.3M	$39.1M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.3680	+0.414%	$226K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.3604	+0.240%	$400K	$1.3M	10x	as long as short
Lighter NEAR	+0.0912%	1h	4.3726	+0.520%	$17.2M	$25.2M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.3660	+0.368%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1104%	1h	4.3725	+0.517%	$1.5M	$7.4M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.3664	+0.376%	$685K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1304%	1h	4.3477	−0.053%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1423%	1h	4.3709	+0.480%	$1.9M	$11.8M	25x	as long as short