Funding arb · Price arb /

NEAR

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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: SunX against Gate+0.370%7-day average +0.173% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1641.645% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 3 days (all we have)−0.032%−$3 · spread now +0.370%, 7d avg +0.173%

Together, before fees0.000%$0 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: SunX is 0.197% dearer against Gate than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.173%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.3788	0.0100	pay 0.0100% / 8h	6h 15m	$31.6M	$62.7M	75x
Short	SunX NEAR-USDT	4.3950	0.0100	get 0.0100% / 8h	6h 15m	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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 GatebpFee SunXbpOrdersPrice spread, now +0.370%Rate

Funding earned: $0
Price spread: +0.370% → +0.173%: $19.69
Slippage, 4 orders: −$141.47
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$144.78
Costs to cover: 1.645%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; SunX: live order book, 9 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 Gate live order book, 3 min ago	4.28 bp	19.1 bp −$19	30.6 bp −$306	44.4 bp −$4,442	61.7 bp −$30.8K
Sell SunX live order book, 9 min ago	30.60 bp	81.3 bp −$81	doesn't fit	doesn't fit	doesn't fit

NEAR on 44 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	4.3857	+0.158%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3911	+0.281%	$2.2M	$14.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3762	−0.060%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3875	+0.199%	$599K	$20.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3910	+0.278%	$194K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.431%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0088%	8h	4.3887	+0.226%	$8.5M	$18.5M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3820	+0.073%	$112K	$495K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3815	+0.061%	$412K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3830	+0.095%	$266.0M	$1.08B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.3828	+0.091%	$222.0M	$422.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3880	+0.210%	$62.3M	$290.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3890	+0.233%	$209K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3850	+0.142%	$250K	−$0	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.3788	long leg	$31.6M	$62.7M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.3840	+0.119%	$75.0M	$143.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3820	+0.073%	$53.8M	$43.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3873	+0.194%	$72.2M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3820	+0.073%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4564	+1.772%	$281K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4520	+1.671%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4540	+1.717%	$183K	$765K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3888	+0.228%	$210K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3929	+0.322%	$60K	$190K	20x	as long as short
SunX NEAR-USDTshort	+0.0100%	8h	4.3950	+0.370%	$2K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.3880	+0.210%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3990	+0.461%	$454K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3870	+0.187%	$3.9M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3783	−0.012%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3835	+0.108%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3923	+0.308%	$205K	$34K	3x	as long as short
Aster NEARUSDT	+0.0176%	8h	4.3800	+0.027%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0216%	1h	4.3887	+0.226%	$8.0M	$40.9M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0242%	1h	4.3881	+0.213%	$256K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0387%	1h	4.3957	+0.386%	$1.9M	$4.2M	25x	as long as short
Nado NEAR-PERP	+0.0407%	1h	4.3860	+0.164%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0416%	1h	4.3859	+0.162%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3860	+0.164%	$554K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4150	+0.827%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0792%	1h	4.3878	+0.206%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0902%	1h	4.3925	+0.313%	$370.0M	$309.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0920%	1h	4.3934	+0.333%	$1.4M	$6.3M	20x	as long as short
Aftermath Perps NEARUSD	+0.1618%	1h	4.4191	+0.920%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1760%	1h	4.3945	+0.359%	$17.6M	$25.7M	15x	as long as short