Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0710%/8h= +77.8% APRpaid last 24h +0.181%
Price spread now: Hyperliquid against SunX−0.137%7-day average −0.017% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.370%+$37 on $10k
Price spread, last 4 days (all we have)−0.288%−$29 · spread now −0.137%, 7d avg −0.017%
Together, before fees+0.082%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.120% cheaper against SunX than usual: you would sell low and buy high (spread −0.137% now, against its 7-day average of −0.017%). If the spread goes back, that is −$12 on $10k: about 14 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.370% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.370% in total (about 19.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX NEAR-USDT4.53500.0100pay 0.0100% / 8h5h 09m$2K$1.4M20x
ShortHyperliquid NEAR4.52880.0810get 0.0101% / 1h9m 35s$379.0M$320.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$149.16
Price spread: −0.137% → −0.017%
−$12.01
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$120.15
Costs to cover
0.170%
Break-even
1.4 days
Slippage unknown: SunX: live order book, 5 min ago; Hyperliquid: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 5 min ago494.03 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago1.64 bp7.1 bp −$79.3 bp −$93doesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.5264−0.190%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0016%1h4.5256−0.207%$2.2M$15.6M50xas long as short
dYdX NEAR-USD0.0000%1h4.5195−0.342%$111K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.5355+0.011%$519K$21.3M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.5284−0.146%$169K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−8.688%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.5300−0.110%$114K$513K50xas long as short
Pacifica NEAR+0.0100%1h4.5224−0.277%$431K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.5224−0.278%$277.0M$1.11B75xas long as short
Bybit NEARUSDT+0.0100%8h4.5225−0.276%$226.7M$425.3M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.5200−0.331%$65.1M$307.2M50xas long as short
Bulk NEAR-USD+0.0100%1h4.5467+0.257%$259K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.5223−0.280%$32.8M$64.8M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.5220−0.287%$76.9M$148.0M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.5240−0.243%$55.5M$45.6M75xas long as short
Bitget NEARUSDT+0.0100%8h4.5220−0.287%$74.4M$129.7M75xas long as short
BingX NEAR-USDT+0.0100%8h4.5230−0.265%$146.9Mas long as short
Variational Omni NEAR+0.0100%8h4.5696+0.763%$8.8M$18.3Mas long as short
edgeX NEARUSDC+0.0100%4h4.5692+0.755%$274K$974K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.5655+0.671%$1.5M$1.4M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.5670+0.706%$176K$796K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.5339−0.024%$222K$3.8M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.5268−0.181%$58K$237K20xas long as short
SunX NEAR-USDTlong+0.0100%8h4.5350long leg$2K$1.4M20x
SoDEX NEAR-USD+0.0100%1h4.5270−0.176%$8K$54K10xas long as short
HTX NEAR-USDT+0.0100%8h4.5300−0.110%$467K$4.1M75xas long as short
Phemex NEARUSDT+0.0100%8h4.5240−0.243%$3.8M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.5210−0.308%$33K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.5300−0.110%$211K$40K3xas long as short
Extended NEAR-USD+0.0144%1h4.5216−0.295%$4.2M$19.3M25xas long as short
BloFin NEAR-USDT+0.0220%8h4.5590+0.529%$14.1M$34.1M75xas long as short
Aster NEARUSDT+0.0296%8h4.5161−0.416%$3.1M$5.5M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0361% / S −0.0250%1h4.5276−0.164%$274K100xas long as short
01 Exchange NEARUSD+0.0392%1h4.5286−0.141%$13K$7K10xas long as short
Nado NEAR-PERP+0.0407%1h4.5309−0.089%$2.0M$3.2M10xas long as short
Arcus NEAR-USD+0.0410%1h4.5290−0.132%$219K$1.7M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0479%1h4.5307−0.095%$2.0M$4.5M25xas long as short
Backpack NEAR_USDC_PERP+0.0574%1h4.5228−0.269%$1.4M$6.7M20xas long as short
Kraken Futures PF_NEARUSD+0.0680%1h4.5280−0.154%$8.4M$41.3M50xas long as short
Lighter RH NEAR+0.0712%1h4.5269−0.179%$1.6M$7.2M10xas long as short
Hyperliquid NEARshort+0.0810%1h4.5288−0.137%$379.0M$320.9M10x
Phoenix NEAR+0.0855%1h4.5621+0.598%$1.9M$2.7M10xas long as short
RISEx NEAR/USDC+0.0924%1h4.5293−0.125%$574K$1.4M10xas long as short
Lighter NEAR+0.1144%1h4.5265−0.187%$18.2M$26.9M15xas long as short
Aftermath Perps NEARUSD+0.1599%1h4.5449+0.218%$6K$12K10xas long as short