Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against SunX−0.394%7-day average −0.162% · you buy dearer than you sell

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs−$187as in the Price arb table

costs, in and out, $10k−$1641.635% of the position

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 3 days (all we have)+0.040%+$4 · spread now −0.394%, 7d avg −0.162%

Together, before fees−0.047%−$5 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: BingX is 0.232% cheaper against SunX than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.162%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.3190	0.0100	pay 0.0100% / 8h	7h 48m	$2K	$1.4M	20x
Short	BingX NEAR-USDC	4.3020	0.0100	get 0.0100% / 8h	7h 48m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.394%Rate

Funding earned: $0
Price spread: −0.394% → −0.162%: −$23.21
Slippage, 4 orders: −$145.52
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$186.73
Costs to cover: 1.635%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; BingX: live order book, 8 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, 6 min ago	31.27 bp	53.9 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	1.17 bp	12.9 bp −$13	22.9 bp −$229	62.6 bp −$6,262	494.0 bp −$247.0K

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
Phemex NEARUSDT	−0.0390%	8h	4.3130	−0.139%	$3.9M	$8.6M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3069	−0.280%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3162	−0.065%	$7.6M	$37.1M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3016	−0.403%	$2.3M	$13.0M	50x	as long as short
Bybit NEARUSDT	−0.0095%	8h	4.3015	−0.405%	$219.4M	$419.0M	75x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3123	−0.156%	$112K	$64K	10x	as long as short
01 Exchange NEARUSD	0.0000%	1h	4.3140	−0.116%	$13K	$7K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3058	−0.306%	$377K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3120	−0.162%	$204K	—	150x	as long as short
Variational Omni NEAR	+0.0014%	8h	4.2988	−0.467%	$7.9M	$18.6M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.121%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3130	−0.139%	$112K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3150	−0.093%	$57K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3034	−0.361%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3135	−0.126%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3072	−0.273%	$403K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3055	−0.311%	$255.6M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3040	−0.347%	$61.3M	$281.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3140	−0.116%	$198K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2646	−1.259%	$243K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3054	−0.315%	$31.0M	$58.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3060	−0.301%	$79.9M	$138.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3080	−0.255%	$56.4M	$43.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3038	−0.352%	$71.4M	$125.1M	75x	as long as short
BingX NEAR-USDCshort	+0.0100%	8h	4.3020	−0.394%	—	$6.6M	—
edgeX NEARUSDC	+0.0100%	4h	4.3062	−0.297%	$267K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3082	−0.251%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3000	−0.440%	$180K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3106	−0.194%	$193K	$3.5M	10x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.3190	long leg	$2K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.3140	−0.116%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0102%	8h	4.3200	+0.023%	$460K	$3.6M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3026	−0.380%	$3.9M	$16.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3140	−0.116%	$201K	$28K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3080	−0.255%	$13.0M	$29.3M	75x	as long as short
Hyperliquid NEAR	+0.0333%	1h	4.3174	−0.037%	$368.2M	$300.0M	10x	as long as short
Lighter RH NEAR	+0.0368%	1h	4.3190	0.000%	$1.6M	$6.8M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0377% / S −0.0313%	1h	4.3117	−0.168%	$276K	—	100x	as long as short
Nado NEAR-PERP	+0.0416%	1h	4.3080	−0.255%	$1.9M	$3.3M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3147	−0.099%	$410K	$1.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0492%	1h	4.3172	−0.042%	$1.9M	$3.0M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0499%	1h	4.3177	−0.030%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3171	−0.044%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1236%	1h	4.3045	−0.336%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.2232%	1h	4.3263	+0.169%	$17.3M	$23.9M	15x	as long as short