Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Polymarket Perps−0.195%7-day average +0.133% · you buy dearer than you sell

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1461.459% of the position

Long on Polymarket Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)+0.558%+$56 · spread now −0.195%, 7d avg +0.133%

Together, before fees+0.587%+$59 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 0.328% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of +0.133%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps NEAR-USD	4.4607	0.0100	pay 0.0013% / 1h	40m 14s	$294K	$4.0M	10x
Short	SunX NEAR-USDT	4.4520	0.0100	get 0.0100% / 8h	1h 40m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Polymarket 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 Polymarket PerpsbpFee SunXbpOrdersPrice spread, now −0.195%Rate

Funding earned: $0
Price spread: −0.195% → +0.133%: −$32.84
Slippage, 4 orders: −$129.91
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$178.75
Costs to cover: 1.459%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; SunX: live order book, 4 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 Polymarket Perps live order book, 4 min ago	2.45 bp	7.7 bp −$8	11.3 bp −$113	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	31.17 bp	79.5 bp −$80	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	4.4558	−0.110%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4644	+0.083%	$110K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4563	−0.099%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.167%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4640	+0.074%	$111K	$494K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4473	−0.300%	$225.5M	$436.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4490	−0.262%	$62.9M	$299.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5008	+0.899%	$256K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4560	−0.105%	$35.3M	$60.2M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4480	−0.285%	$52.8M	$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	4.4436	−0.383%	$73.6M	$128.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4927	+0.718%	$9.1M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4779	+0.386%	$262K	$967K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4740	+0.298%	$168K	$804K	50x	as long as short
Polymarket Perps NEAR-USDlong	+0.0100%	1h	4.4607	long leg	$294K	$4.0M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4486	−0.271%	$58K	$235K	20x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.4520	−0.195%	$1K	$1.3M	20x
HTX NEAR-USDT	+0.0100%	8h	4.4560	−0.105%	$464K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4460	−0.330%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0106%	8h	4.4700	+0.208%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0124%	8h	4.4854	+0.553%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4528	−0.178%	$207K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0175%	1h	4.4447	−0.359%	$5K	$53K	10x	as long as short
BingX NEAR-USDT	+0.0185%	8h	4.4580	−0.061%	—	$144.0M	—	as long as short
MEXC NEAR_USDT	+0.0189%	8h	4.4500	−0.240%	$84.0M	$146.2M	200x	as long as short
Binance NEARUSDT	+0.0190%	8h	4.4500	−0.241%	$270.9M	$1.09B	75x	as long as short
Kalshi KXNEARPERP	+0.0292%	8h	4.4525	−0.184%	$1.1M	$25.1M	2.2x	as long as short
Extended NEAR-USD	+0.0296%	1h	4.4460	−0.329%	$3.7M	$18.9M	25x	as long as short
BloFin NEAR-USDT	+0.0310%	8h	4.4790	+0.410%	$13.6M	$33.0M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0335% / S −0.0229%	1h	4.4554	−0.119%	$256K	—	100x	as long as short
Aster NEARUSDT	+0.0336%	8h	4.4493	−0.255%	$2.8M	$5.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4520	−0.195%	$2.3M	$16.5M	50x	as long as short
01 Exchange NEARUSD	+0.0472%	1h	4.4667	+0.135%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0555%	1h	4.4622	+0.034%	$367.3M	$311.6M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0575%	1h	4.4772	+0.370%	$1.3M	$6.6M	20x	as long as short
Nado NEAR-PERP	+0.0580%	1h	4.4594	−0.029%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0657%	1h	4.4424	−0.411%	$7.4M	$38.5M	50x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4690	+0.186%	$227K	$1.6M	10x	as long as short
Lighter NEAR	+0.0960%	1h	4.4519	−0.197%	$17.4M	$24.8M	15x	as long as short
Lighter RH NEAR	+0.0984%	1h	4.4545	−0.139%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.5134	+1.181%	$1.9M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4718	+0.249%	$412K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1259%	1h	4.4754	+0.329%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4674	+0.149%	$670K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1347%	1h	4.4521	−0.193%	$1.9M	$12.4M	25x	as long as short