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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 −0.012%

Price spread now: Variational Omni against SunX−0.143%7-day average −0.150% · you buy dearer than you sell

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+0.173%+$17 · spread now −0.143%, 7d avg −0.150%

Together, before fees+0.161%+ Points / potential airdropVariational Omni: Active · farm board+$16 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.3910	0.0100	pay 0.0100% / 8h	1h 12m	$2K	$1.3M	20x
Short	Variational Omni NEAR	4.3847	0.0100	get 0.0100% / 8h	1h 12m	$8.8M	$18.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.143%Rate

Funding earned: $0
Price spread: −0.143% → −0.150%: $0.69
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.31
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 11 min ago; Variational Omni: RFQ quote, 1 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	501.42 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.85 bp	doesn't fit	9.4 bp −$94	25.4 bp −$2,541	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	4.3841	−0.156%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3828	−0.186%	$108K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3817	−0.211%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.693%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3850	−0.137%	$111K	$485K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3782	−0.292%	$221.6M	$430.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3770	−0.319%	$61.7M	$293.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4150	+0.547%	$252K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3786	−0.282%	$35.5M	$62.2M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3790	−0.273%	$53.0M	$45.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.3763	−0.335%	$72.5M	$128.2M	75x	as long as short
Variational Omni NEARshort	+0.0100%	8h	4.3847	−0.143%	$8.8M	$18.7M	—
edgeX NEARUSDC	+0.0100%	4h	4.3985	+0.171%	$257K	$919K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4000	+0.205%	$166K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3871	−0.089%	$289K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3859	−0.116%	$58K	$235K	20x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.3910	long leg	$2K	$1.3M	20x
HTX NEAR-USDT	+0.0100%	8h	4.3920	+0.023%	$459K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3840	−0.159%	$3.6M	$8.2M	50x	as long as short
GRVT NEAR_USDT_Perp	+0.0103%	8h	4.4010	+0.228%	$1.4M	$1.5M	10x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.3812	−0.224%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0112%	1h	4.3746	−0.374%	$3.6M	$18.1M	25x	as long as short
SoDEX NEAR-USD	+0.0129%	1h	4.3820	−0.205%	$5K	$53K	10x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.3855	−0.125%	$204K	$38K	3x	as long as short
BingX NEAR-USDT	+0.0202%	8h	4.3810	−0.228%	—	$144.0M	—	as long as short
MEXC NEAR_USDT	+0.0213%	8h	4.3780	−0.296%	$77.8M	$150.0M	200x	as long as short
Binance NEARUSDT	+0.0214%	8h	4.3830	−0.182%	$266.9M	$1.08B	75x	as long as short
Kalshi KXNEARPERP	+0.0233%	8h	4.3793	−0.266%	$1.0M	$24.9M	2.2x	as long as short
Aster NEARUSDT	+0.0283%	8h	4.3813	−0.221%	$2.8M	$4.8M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0200%	1h	4.3816	−0.215%	$234K	—	100x	as long as short
BloFin NEAR-USDT	+0.0334%	8h	4.3860	−0.114%	$13.5M	$32.4M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0410%	1h	4.3807	−0.235%	$1.3M	$6.9M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.3988	+0.178%	$2.3M	$16.6M	50x	as long as short
01 Exchange NEARUSD	+0.0456%	1h	4.3869	−0.093%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0510%	1h	4.3852	−0.132%	$357.8M	$313.5M	10x	as long as short
Nado NEAR-PERP	+0.0539%	1h	4.3831	−0.179%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0666%	1h	4.3804	−0.241%	$7.2M	$38.2M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0754%	1h	4.3857	−0.121%	$1.9M	$13.0M	25x	as long as short
Lighter NEAR	+0.0784%	1h	4.3861	−0.111%	$17.2M	$25.3M	15x	as long as short
Lighter RH NEAR	+0.0872%	1h	4.3880	−0.068%	$1.5M	$6.7M	10x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.3790	−0.273%	$225K	$1.6M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4110	+0.455%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.3825	−0.193%	$418K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.3861	−0.111%	$660K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1308%	1h	4.4021	+0.253%	$5K	$12K	10x	as long as short