Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: SunX against gTrade (Gains Network)+0.484%7-day average +0.147% · 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−$370as in the Price arb table

costs, in and out, $10k−$4044.040% of the position

Long on gTrade (Gains Network)Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.096%+$10 on $10k

Price spread, last 4 days (all we have)−0.280%−$28 · spread now +0.484%, 7d avg +0.147%

Together, before fees−0.184%−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.337% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of +0.147%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) NEAR/USD	4.3838	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	8m 03s	$164K	—	150x
Short	SunX NEAR-USDT	4.4050	0.0100	get 0.0100% / 8h	4h 08m	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee SunXbpOrdersPrice spread, now +0.484%Rate

Funding earned: $20.11
Price spread: +0.484% → +0.147%: $33.69
Slippage, 4 orders: −$385.97
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$350.16
Costs to cover: 4.040%
Break-even: 128.9 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 51 min ago; SunX: live order book, 6 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 gTrade (Gains Network) virtual book (oracle venue), 51 min ago	130.01 bp	135.0 bp −$135	875.9 bp −$8,759	9405.5 bp −$940.5K	doesn't fit
Sell SunX live order book, 6 min ago	30.57 bp	81.5 bp −$81	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	4.3857	+0.043%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.3801	−0.084%	$2.2M	$15.6M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3973	+0.308%	$617K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USDlong	L +0.0004% / S −0.0006%	1h	4.3838	long leg	$164K	—	150x
dYdX NEAR-USD	+0.0008%	1h	4.3906	+0.156%	$108K	$69K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.539%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3890	+0.119%	$113K	$514K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3940	+0.232%	$418K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3841	+0.006%	$270.1M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3830	−0.018%	$220.7M	$423.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3830	−0.018%	$62.5M	$296.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4054	+0.493%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3759	−0.180%	$31.8M	$64.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3810	−0.064%	$73.7M	$150.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3830	−0.018%	$54.6M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3788	−0.114%	$72.0M	$130.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3800	−0.087%	—	$146.8M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4067	+0.522%	$8.5M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4083	+0.558%	$264K	$962K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4010	+0.393%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4090	+0.575%	$170K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3890	+0.119%	$243K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3853	+0.034%	$56K	$227K	20x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.4050	+0.484%	$2K	$1.4M	20x
HTX NEAR-USDT	+0.0100%	8h	4.3980	+0.324%	$455K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3840	+0.005%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3940	+0.234%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3855	+0.039%	$204K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0188%	1h	4.3820	−0.041%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3910	+0.164%	$13.7M	$32.5M	75x	as long as short
Aster NEARUSDT	+0.0305%	8h	4.3841	+0.006%	$2.9M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0190%	1h	4.3828	−0.023%	$233K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0338%	1h	4.3822	−0.036%	$1.3M	$6.4M	20x	as long as short
01 Exchange NEARUSD	+0.0352%	1h	4.3938	+0.228%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0388%	1h	4.3844	+0.014%	$361.5M	$319.8M	10x	as long as short
Extended NEAR-USD	+0.0480%	1h	4.3794	−0.100%	$3.9M	$19.6M	25x	as long as short
Nado NEAR-PERP	+0.0565%	1h	4.3899	+0.140%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4000	+0.370%	$217K	$1.7M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0593%	1h	4.3812	−0.059%	$7.9M	$39.7M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0594%	1h	4.3860	+0.050%	$2.0M	$7.3M	25x	as long as short
Lighter RH NEAR	+0.0696%	1h	4.3843	+0.011%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4000	+0.370%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.3972	+0.305%	$591K	$1.4M	10x	as long as short
Lighter NEAR	+0.1032%	1h	4.3887	+0.113%	$17.7M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1604%	1h	4.4008	+0.389%	$5K	$12K	10x	as long as short