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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: KuCoin against SunX−0.162%7-day average −0.125% · you buy dearer than you sell

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

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 4 days (all we have)−0.200%−$20 · spread now −0.162%, 7d avg −0.125%

Together, before fees−0.235%−$24 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: KuCoin is 0.037% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.125%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.3290	0.0100	pay 0.0100% / 8h	33m 20s	$1K	$1.3M	20x
Short	KuCoin NEARUSDTM	4.3220	0.0100	get 0.0100% / 8h	33m 20s	$52.3M	$45.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.162%Rate

Funding earned: $0
Price spread: −0.162% → −0.125%: −$3.69
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$23.69
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 11 min ago; KuCoin: live order book, 6 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, 11 min ago	500.58 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	2.31 bp	18.8 bp −$19	36.1 bp −$361	105.9 bp −$10.6K	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	4.3224	−0.152%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3168	−0.281%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3198	−0.212%	$162K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3166	−0.286%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.343%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3220	−0.162%	$110K	$496K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3210	−0.185%	$218.2M	$430.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3210	−0.185%	$60.8M	$291.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3160	−0.301%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3212	−0.180%	$35.3M	$62.4M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTMshort	+0.0100%	8h	4.3220	−0.162%	$52.3M	$45.9M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3211	−0.182%	$71.5M	$128.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3217	−0.170%	$8.7M	$18.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3097	−0.446%	$250K	$899K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3190	−0.231%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3170	−0.277%	$165K	$813K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3246	−0.102%	$283K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3227	−0.146%	$58K	$235K	20x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.3290	long leg	$1K	$1.3M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.3195	−0.219%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3210	−0.185%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3178	−0.258%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3198	−0.212%	$3.6M	$17.2M	25x	as long as short
HTX NEAR-USDT	+0.0123%	8h	4.3270	−0.046%	$461K	$3.8M	75x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.3221	−0.159%	$201K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0183%	8h	4.3183	−0.247%	$938K	$25.2M	2.2x	as long as short
Aster NEARUSDT	+0.0189%	8h	4.3227	−0.145%	$2.7M	$4.8M	50x	as long as short
Binance NEARUSDT	+0.0189%	8h	4.3230	−0.139%	$262.4M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0191%	8h	4.3240	−0.116%	$83.2M	$150.8M	200x	as long as short
BingX NEAR-USDC	+0.0199%	8h	4.3210	−0.185%	—	$6.6M	—	as long as short
Hyperliquid NEAR	+0.0221%	1h	4.3263	−0.062%	$349.0M	$315.4M	10x	as long as short
01 Exchange NEARUSD	+0.0248%	1h	4.3212	−0.180%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0313%	8h	4.3190	−0.231%	$13.3M	$31.8M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0316% / S −0.0204%	1h	4.3206	−0.193%	$233K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0398%	1h	4.3216	−0.171%	$1.1M	$7.0M	20x	as long as short
Nado NEAR-PERP	+0.0437%	1h	4.3195	−0.219%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3210	−0.185%	$2.3M	$16.8M	50x	as long as short
Lighter RH NEAR	+0.0544%	1h	4.3258	−0.074%	$1.5M	$6.6M	10x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3210	−0.185%	$226K	$1.6M	10x	as long as short
Lighter NEAR	+0.0672%	1h	4.3255	−0.081%	$17.0M	$25.1M	15x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3208	−0.188%	$407K	$1.5M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3233	−0.132%	$1.8M	$2.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0954%	1h	4.3250	−0.092%	$1.9M	$13.2M	25x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3217	−0.169%	$599K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1237%	1h	4.3238	−0.120%	$5K	$7K	10x	as long as short