Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0436%/8h= −47.7% APRpaid last 24h −0.011%

Price spread now: SunX against Extended+0.366%7-day average +0.195% · you sell dearer than you buy

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1531.527% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.134%+$13 · spread now +0.366%, 7d avg +0.195%

Together, before fees+0.142%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.171% dearer against Extended than usual: you sell high and buy low (spread +0.366% now, against its 7-day average of +0.195%): +$17 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 31 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.008% in total (about 0.4% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NEAR-USD	4.2803	0.0536	pay 0.0067% / 1h	26m 01s	$3.6M	$19.6M	25x
Short	SunX NEAR-USDT	4.2960	0.0100	get 0.0100% / 8h	2h 26m	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now +0.366%Rate

Funding earned: −$91.56
Price spread: +0.366% → +0.195%: $17.08
Slippage, 4 orders: −$139.71
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$227.2
Costs to cover: 1.527%
Break-even: never at this rate

Slippage from Extended: 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 Extended live order book, 3 min ago	0.58 bp	5.4 bp −$5	13.8 bp −$138	614.5 bp −$61.5K	doesn't fit
Sell SunX live order book, 8 min ago	31.33 bp	87.4 bp −$87	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	4.2837	+0.078%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2793	−0.023%	$105K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2778	−0.058%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.255%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2840	+0.086%	$113K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2874	+0.166%	$262.1M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2784	−0.045%	$213.3M	$420.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2810	+0.016%	$60.1M	$284.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2997	+0.454%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2770	−0.078%	$32.3M	$60.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.2840	+0.086%	$77.2M	$144.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2820	+0.039%	$51.5M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2804	+0.002%	$70.7M	$127.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2840	+0.086%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2778	−0.059%	$8.1M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2992	+0.441%	$259K	$953K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2900	+0.226%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2861	+0.135%	$260K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2833	+0.069%	$56K	$243K	20x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.2960	+0.366%	$2K	$1.3M	20x
HTX NEAR-USDT	+0.0100%	8h	4.2890	+0.203%	$462K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2820	+0.039%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.2861	+0.135%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2860	+0.133%	$199K	$37K	3x	as long as short
ApeX Omni NEARUSDT	+0.0209%	1h	4.3020	+0.506%	$165K	$795K	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2820	+0.039%	$13.2M	$31.5M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2859	+0.130%	$2.3M	$15.8M	50x	as long as short
Kalshi KXNEARPERP	+0.0273%	8h	4.2839	+0.083%	$865K	$24.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0311% / S −0.0198%	1h	4.2777	−0.062%	$231K	—	100x	as long as short
Aster NEARUSDT	+0.0332%	8h	4.2840	+0.086%	$2.8M	$5.3M	50x	as long as short
Nado NEAR-PERP	+0.0400%	1h	4.2850	+0.109%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USDlong	+0.0536%	1h	4.2803	long leg	$3.6M	$19.6M	25x
SoDEX NEAR-USD	+0.0568%	1h	4.2815	+0.027%	$6K	$52K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0657%	1h	4.2825	+0.051%	$1.3M	$6.6M	20x	as long as short
Hyperliquid NEAR	+0.0676%	1h	4.2832	+0.067%	$350.2M	$310.5M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0739%	1h	4.2792	−0.027%	$7.4M	$38.8M	50x	as long as short
01 Exchange NEARUSD	+0.0752%	1h	4.2897	+0.219%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2900	+0.226%	$215K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2840	+0.085%	$392K	$1.3M	10x	as long as short
Lighter NEAR	+0.0936%	1h	4.2876	+0.171%	$16.8M	$25.1M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2991	+0.439%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1128%	1h	4.2874	+0.165%	$1.4M	$7.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1199%	1h	4.2842	+0.091%	$1.9M	$11.0M	25x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2882	+0.185%	$684K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1386%	1h	4.2876	+0.171%	$5K	$12K	10x	as long as short