Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.029%

Price spread now: SunX against dYdX+0.221%7-day average +0.164% · you sell dearer than you buy

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

Long on dYdX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.204%+$20 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.221%, 7d avg +0.164%

Together, before fees+0.258%+$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.057% dearer against dYdX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.164%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX NEAR-USD	4.3534	0	get 0.0000% / 1h	2m 39s	$107K	$68K	10x
Short	SunX NEAR-USDT	4.3630	0.0100	get 0.0100% / 8h	2m 39s	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against dYdX. 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 dYdXbpFee SunXbpOrdersPrice spread, now +0.221%Rate

Funding earned: $21
Price spread: +0.221% → +0.164%: $5.73
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $8.73
Costs to cover: 0.180%
Break-even: 4.1 days

Slippage unknown: dYdX: live order book, 36 min ago; SunX: live order book, 11 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 dYdX live order book, 36 min ago	28.93 bp	40.6 bp −$41	100.1 bp −$1,001	210.3 bp −$21.0K	681.3 bp −$340.6K
Sell SunX live order book, 11 min ago	501.60 bp	doesn't fit	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	4.3529	−0.011%	$2K	—	20x	as long as short
dYdX NEAR-USDlong	0.0000%	1h	4.3534	long leg	$107K	$68K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3591	+0.132%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3621	+0.200%	$7.2M	$38.7M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.879%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3530	−0.009%	$114K	$500K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3510	−0.055%	$219.2M	$430.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3490	−0.101%	$61.4M	$295.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	+0.497%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3523	−0.025%	$35.8M	$63.2M	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	4.3550	+0.037%	$52.8M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3536	+0.005%	$72.0M	$127.9M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3549	+0.035%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3722	+0.433%	$253K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3681	+0.339%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3680	+0.336%	$167K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3598	+0.147%	$274K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3643	+0.251%	$58K	$235K	20x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.3630	+0.221%	$1K	$1.3M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.3625	+0.209%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3620	+0.198%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3521	−0.029%	$31K	$585	10x	as long as short
Aster NEARUSDT	+0.0102%	8h	4.3550	+0.036%	$2.7M	$4.8M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3525	−0.021%	$3.6M	$16.4M	25x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3630	+0.221%	$203K	$38K	3x	as long as short
Hyperliquid NEAR	+0.0130%	1h	4.3589	+0.127%	$351.2M	$316.3M	10x	as long as short
Binance NEARUSDT	+0.0142%	8h	4.3550	+0.036%	$263.1M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0144%	8h	4.3540	+0.014%	$88.8M	$154.7M	200x	as long as short
HTX NEAR-USDT	+0.0159%	8h	4.3690	+0.359%	$465K	$3.8M	75x	as long as short
BingX NEAR-USDC	+0.0162%	8h	4.3550	+0.037%	—	$6.7M	—	as long as short
Kalshi KXNEARPERP	+0.0169%	8h	4.3521	−0.029%	$940K	$25.1M	2.2x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.3561	+0.062%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0264%	8h	4.3630	+0.221%	$13.4M	$32.1M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0242%	1h	4.3590	+0.128%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0370%	1h	4.3505	−0.066%	$1.6M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0473%	1h	4.3666	+0.304%	$1.1M	$7.2M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3621	+0.200%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0496%	1h	4.3573	+0.090%	$1.5M	$6.8M	10x	as long as short
Lighter NEAR	+0.0560%	1h	4.3593	+0.137%	$17.2M	$25.4M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3570	+0.083%	$228K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3538	+0.009%	$410K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3702	+0.386%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3559	+0.057%	$604K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1125%	1h	4.3624	+0.206%	$5K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1355%	1h	4.3690	+0.359%	$1.9M	$13.1M	25x	as long as short