Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against SunX+0.198%7-day average −0.137% · you sell dearer than you buy

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1761.764% of the position

Long on SunX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.386%−$39 · spread now +0.198%, 7d avg −0.137%

Together, before fees−0.387%−$39 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: Aevo is 0.334% dearer against SunX than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of −0.137%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.3920	0.0100	pay 0.0100% / 8h	6h 17m	$1K	$1.4M	20x
Short	Aevo NEAR-PERP	4.4007	0.0104	get 0.0013% / 1h	17m 02s	$205K	$34K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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 SunXbpFee AevobpOrdersPrice spread, now +0.198%Rate

Funding earned: $0.84
Price spread: +0.198% → −0.137%: $33.41
Slippage, 4 orders: −$152.43
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$142.18
Costs to cover: 1.764%
Break-even: 1191.8 days

Slippage from SunX: live order book, 7 min ago; Aevo: live order book, 52 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 SunX live order book, 7 min ago	30.60 bp	50.0 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 52 min ago	10.43 bp	21.1 bp −$21	87.6 bp −$876	doesn't fit	doesn't fit

NEAR on 44 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	4.3878	−0.097%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3905	−0.034%	$2.2M	$14.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3965	+0.103%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4083	+0.371%	$599K	$20.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3913	−0.016%	$194K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.715%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0080%	8h	4.4757	+1.905%	$8.6M	$18.5M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3900	−0.046%	$111K	$494K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4002	+0.187%	$414K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3924	+0.009%	$266.3M	$1.08B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.3850	−0.159%	$222.4M	$423.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3830	−0.205%	$62.3M	$290.4M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3970	+0.114%	$209K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4050	+0.296%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3841	−0.180%	$31.6M	$62.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3880	−0.091%	$74.5M	$143.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3920	0.000%	$53.9M	$43.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3868	−0.118%	$72.3M	$126.3M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3860	−0.137%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4564	+1.466%	$281K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4520	+1.366%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4540	+1.412%	$183K	$765K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3887	−0.075%	$208K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3931	+0.025%	$60K	$190K	20x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.3920	long leg	$1K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.3915	−0.011%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4000	+0.182%	$454K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3840	−0.182%	$3.9M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3997	+0.175%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3843	−0.176%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.4007	+0.198%	$205K	$34K	3x
Deribit NEAR_USDC-PERPETUAL	+0.0137%	1h	4.3949	+0.066%	$1.9M	$4.2M	25x	as long as short
Aster NEARUSDT	+0.0187%	8h	4.3901	−0.042%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0215%	1h	4.3919	−0.001%	$8.0M	$40.9M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0248%	1h	4.3877	−0.099%	$259K	—	100x	as long as short
Nado NEAR-PERP	+0.0403%	1h	4.3867	−0.120%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0424%	1h	4.3887	−0.075%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3894	−0.059%	$554K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4150	+0.524%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0808%	1h	4.3960	+0.091%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0908%	1h	4.3920	0.000%	$370.0M	$309.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0930%	1h	4.3903	−0.039%	$1.4M	$6.3M	20x	as long as short
Aftermath Perps NEARUSD	+0.1604%	1h	4.4260	+0.773%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1752%	1h	4.4011	+0.206%	$17.6M	$25.7M	15x	as long as short