Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0538%/8h= −58.9% APRpaid last 24h −0.074%

Price spread now: SunX against Arcus+0.092%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1511.508% of the position

Long on Arcus Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.344%−$34 on $10k

Price spread, last 4 days (all we have)+0.203%+$20 · spread now +0.092%, 7d avg +0.073%

Together, before fees−0.141%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.073%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.3250	0.0638	pay 0.0080% / 1h	56m 11s	$228K	$1.6M	10x
Short	SunX NEAR-USDT	4.3290	0.0100	get 0.0100% / 8h	56m 11s	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Arcus. 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 ArcusbpFee SunXbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$112.91
Price spread: +0.092% → +0.073%: $1.97
Slippage, 4 orders: −$138.26
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$261.69
Costs to cover: 1.508%
Break-even: never at this rate

Slippage from Arcus: live order book, 3 min ago; SunX: 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 Arcus live order book, 3 min ago	3.48 bp	5.7 bp −$6	11.5 bp −$115	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	31.16 bp	85.8 bp −$86	doesn't fit	doesn't fit	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	4.3190	−0.139%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3189	−0.141%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3178	−0.167%	$162K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3183	−0.154%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.254%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3240	−0.023%	$105K	$492K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3223	−0.062%	$218.5M	$431.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3220	−0.069%	$60.8M	$291.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3150	−0.230%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3203	−0.109%	$35.2M	$61.6M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3230	−0.046%	$52.3M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3218	−0.074%	$71.5M	$128.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3137	−0.260%	$8.6M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3174	−0.177%	$250K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3153	−0.223%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3150	−0.231%	$163K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3248	−0.005%	$279K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3214	−0.083%	$58K	$235K	20x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.3290	+0.092%	$1K	$1.3M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.3210	−0.092%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3320	+0.162%	$458K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3250	0.000%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3187	−0.146%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3196	−0.124%	$3.6M	$17.7M	25x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.3240	−0.023%	$201K	$38K	3x	as long as short
BingX NEAR-USDC	+0.0203%	8h	4.3230	−0.046%	—	$6.7M	—	as long as short
Kalshi KXNEARPERP	+0.0206%	8h	4.3226	−0.055%	$937K	$25.1M	2.2x	as long as short
MEXC NEAR_USDT	+0.0213%	8h	4.3240	−0.023%	$76.8M	$148.0M	200x	as long as short
Binance NEARUSDT	+0.0215%	8h	4.3245	−0.012%	$262.8M	$1.09B	75x	as long as short
Aster NEARUSDT	+0.0243%	8h	4.3220	−0.069%	$2.7M	$4.8M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0201%	1h	4.3187	−0.147%	$231K	—	100x	as long as short
BloFin NEAR-USDT	+0.0334%	8h	4.3240	−0.023%	$13.5M	$32.0M	75x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.3252	+0.005%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0405%	1h	4.3200	−0.116%	$1.6M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0407%	1h	4.3242	−0.018%	$1.3M	$7.0M	20x	as long as short
Hyperliquid NEAR	+0.0460%	1h	4.3267	+0.039%	$351.3M	$315.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3230	−0.046%	$2.3M	$16.6M	50x	as long as short
Arcus NEAR-USDlong	+0.0638%	1h	4.3250	long leg	$228K	$1.6M	10x
Deribit NEAR_USDC-PERPETUAL	+0.0676%	1h	4.3226	−0.055%	$1.9M	$13.0M	25x	as long as short
Lighter RH NEAR	+0.0728%	1h	4.3279	+0.067%	$1.5M	$6.6M	10x	as long as short
Lighter NEAR	+0.0768%	1h	4.3273	+0.052%	$17.0M	$24.9M	15x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3202	−0.111%	$407K	$1.5M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3245	−0.011%	$650K	$1.4M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.3206	−0.102%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1279%	1h	4.3248	−0.004%	$5K	$12K	10x	as long as short