Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0824%/8h= −90.3% APRpaid last 24h −0.133%

Price spread now: SunX against RISEx−0.010%7-day average +0.101% · you buy dearer than you sell

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

Long on RISEx Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.385%−$38 on $10k

Price spread, last 4 days (all we have)+1.041%+$104 · spread now −0.010%, 7d avg +0.101%

Together, before fees+0.656%+$66 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and SunX is 0.111% cheaper against RISEx than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.101%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx NEAR/USDC	4.4965	0.0924	pay 0.0116% / 1h	24m 31s	$543K	$1.3M	10x
Short	SunX NEAR-USDT	4.4960	0.0100	get 0.0100% / 8h	5h 24m	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against RISEx. 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 RISExbpFee SunXbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$173.14
Price spread: −0.010% → +0.101%: −$11.15
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$198.29
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 4 min ago; SunX: live order book, 10 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 RISEx live order book, 4 min ago	2.66 bp	5.7 bp −$6	13.4 bp −$134	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	826.47 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	4.4902	−0.140%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4923	−0.092%	$2.2M	$14.9M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4974	+0.021%	$111K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4876	−0.197%	$659K	$20.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4922	−0.095%	$207K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.905%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4910	−0.121%	$117K	$492K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4992	+0.062%	$425K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4937	−0.062%	$273.6M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4940	−0.055%	$226.6M	$420.5M	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	4.4980	+0.034%	$64.6M	$300.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4902	−0.138%	$256K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4954	−0.023%	$32.5M	$63.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4960	−0.010%	$77.6M	$143.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4990	+0.057%	$56.4M	$44.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4924	−0.090%	$73.9M	$127.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4920	−0.099%	—	$145.8M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4586	−0.842%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4330	−1.411%	$266K	$985K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4439	−1.168%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4320	−1.433%	$173K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4943	−0.048%	$223K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4901	−0.141%	$62K	$195K	20x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.4960	−0.010%	$2K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.4910	−0.121%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5000	+0.079%	$469K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4900	−0.144%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4958	−0.014%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4896	−0.151%	$3.9M	$18.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4920	−0.099%	$209K	$34K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4950	−0.032%	$13.9M	$32.8M	75x	as long as short
Aster NEARUSDT	+0.0259%	8h	4.4958	−0.014%	$3.1M	$5.4M	50x	as long as short
01 Exchange NEARUSD	+0.0352%	1h	4.4953	−0.026%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0355% / S −0.0246%	1h	4.4916	−0.108%	$265K	—	100x	as long as short
Nado NEAR-PERP	+0.0357%	1h	4.5030	+0.146%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4970	+0.012%	$219K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0558%	1h	4.5018	+0.119%	$1.4M	$6.6M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0641%	1h	4.4953	−0.026%	$2.0M	$4.4M	25x	as long as short
Hyperliquid NEAR	+0.0669%	1h	4.5016	+0.114%	$374.7M	$309.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0685%	1h	4.4952	−0.027%	$8.3M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0696%	1h	4.5032	+0.150%	$1.7M	$7.0M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4889	−0.168%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDClong	+0.0924%	1h	4.4965	long leg	$543K	$1.3M	10x
Lighter NEAR	+0.1272%	1h	4.5039	+0.165%	$18.0M	$26.0M	15x	as long as short
Aftermath Perps NEARUSD	+0.1573%	1h	4.4432	−1.185%	$6K	$12K	10x	as long as short