Funding arb · Price arb /

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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 −0.009%

Price spread now: Bybit against SunX+0.639%56s7-day average −0.181% · you sell dearer than you buy

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

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 3 days (all we have)−0.957%−$96 · spread now +0.639%, 7d avg −0.181%

Together, before fees−1.019%−$102 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: Bybit is 0.820% dearer against SunX than usual: you sell high and buy low, +$82 on $10k if it goes back to its 7-day average of −0.181%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.3170	0.0100	pay 0.0100% / 8h	7h 04m	$2K	$1.4M	20x
Short	Bybit NEARUSDT	4.3446	0.0100	get 0.0100% / 8h	7h 04m	$222.8M	$416.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.639%Rate

Funding earned: $0
Price spread: +0.639% → −0.181%: $82.01
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $63.01
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: SunX: live order book, 10 min ago; Bybit: live order book, 5 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 SunX live order book, 10 min ago	501.15 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.16 bp	8.5 bp −$8	12.9 bp −$129	33.1 bp −$3,310	205.4 bp −$102.7K

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	4.3472	+0.699%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3211	+0.095%	$7.9M	$38.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3161	−0.021%	$2.1M	$13.1M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3200	+0.069%	$360K	$18.8M	2.2x	as long as short
dYdX NEAR-USD	+0.0004%	1h	4.3518	+0.806%	$113K	$64K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0005%	1h	4.3462	+0.676%	$162K	—	150x	as long as short
Variational Omni NEAR	+0.0010%	8h	4.3057	−0.262%	$8.2M	$18.8M	—	as long as short
Phemex NEARUSDT	+0.0021%	8h	4.3340	+0.394%	$3.9M	$8.4M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.077%	$578	$302K	12x	as long as short
01 Exchange NEARUSD	+0.0040%	1h	4.3482	+0.723%	$13K	$7K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3500	+0.764%	$116K	$474K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3449	+0.646%	$58K	$162K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3552	+0.886%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3528	+0.830%	$405K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3483	+0.725%	$259.5M	$1.05B	75x	as long as short
Bybit NEARUSDTshort	+0.0100%	8h	4.3446	+0.639%	$222.8M	$416.7M	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3400	+0.533%	$61.6M	$278.1M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3540	+0.857%	$206K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3243	+0.168%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3460	+0.672%	$31.2M	$61.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3480	+0.718%	$76.1M	$142.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3500	+0.764%	$56.5M	$42.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3479	+0.716%	$72.3M	$122.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3460	+0.672%	—	$141.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3270	+0.232%	$258K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3241	+0.164%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3290	+0.278%	$181K	$775K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3499	+0.762%	$204K	$3.4M	10x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.3170	long leg	$2K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.3181	+0.025%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3360	+0.440%	$456K	$3.7M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3492	+0.747%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3507	+0.782%	$3.9M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3167	−0.007%	$201K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3250	+0.185%	$13.2M	$27.7M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0377% / S −0.0308%	1h	4.3458	+0.667%	$278K	—	100x	as long as short
Nado NEAR-PERP	+0.0411%	1h	4.3511	+0.790%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3527	+0.828%	$411K	$1.2M	10x	as long as short
Hyperliquid NEAR	+0.0453%	1h	4.3558	+0.899%	$369.7M	$301.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0488%	1h	4.3544	+0.866%	$1.3M	$5.9M	20x	as long as short
Lighter RH NEAR	+0.0496%	1h	4.3568	+0.922%	$1.6M	$7.0M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3218	+0.111%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0538%	1h	4.3188	+0.042%	$1.9M	$3.9M	25x	as long as short
Aftermath Perps NEARUSD	+0.1471%	1h	4.3328	+0.365%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1792%	1h	4.3618	+1.037%	$17.4M	$24.8M	15x	as long as short