Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against SunX−0.011%7-day average −0.137% · you buy dearer than you sell

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

Long on SunX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now −0.011%, 7d avg −0.137%

Together, before fees−0.108%−$11 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: Aevo is 0.125% dearer against SunX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.137%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.4330	0.0100	pay 0.0100% / 8h	5h 29m	$1K	$1.4M	20x
Short	Aevo NEAR-PERP	4.4325	0.0104	get 0.0013% / 1h	29m 32s	$206K	$34K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo 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 AevobpOrdersPrice spread, now −0.011%Rate

Funding earned: $0.84
Price spread: −0.011% → −0.137%: $12.52
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$10.64
Costs to cover: 0.240%
Break-even: 95.6 days

Slippage unknown: SunX: live order book, 5 min ago; Aevo: live order book, 34 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, 5 min ago	826.47 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 34 min ago	10.31 bp	44.4 bp −$44	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	4.4318	−0.027%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4314	−0.036%	$2.2M	$14.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4341	+0.024%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4224	−0.239%	$638K	$19.6M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.4379	+0.111%	$1.9M	$4.4M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4277	−0.120%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.587%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4350	+0.045%	$116K	$490K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4326	−0.010%	$418K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4379	+0.110%	$269.4M	$1.08B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.4390	+0.135%	$223.1M	$419.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4400	+0.158%	$63.5M	$294.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	+0.205%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4351	+0.047%	$32.1M	$62.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4340	+0.023%	$76.7M	$143.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4360	+0.068%	$55.6M	$44.3M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4362	+0.072%	$73.1M	$127.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4380	+0.113%	—	$145.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4186	−0.325%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4477	+0.333%	$267K	$989K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4180	−0.338%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4160	−0.383%	$172K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4357	+0.061%	$216K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4309	−0.047%	$60K	$195K	20x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.4330	long leg	$1K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.4325	−0.011%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4300	−0.068%	$461K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4340	+0.023%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4352	+0.050%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4333	+0.007%	$3.8M	$18.7M	25x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.4325	−0.011%	$206K	$34K	3x
BloFin NEAR-USDT	+0.0220%	8h	4.4160	−0.383%	$13.6M	$31.2M	75x	as long as short
Aster NEARUSDT	+0.0238%	8h	4.4390	+0.135%	$3.0M	$5.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0245%	1h	4.4324	−0.014%	$261K	—	100x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.4354	+0.054%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0390%	1h	4.4350	+0.045%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4370	+0.090%	$211K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0576%	1h	4.4447	+0.264%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0695%	1h	4.4324	−0.012%	$8.2M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0720%	1h	4.4400	+0.158%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0746%	1h	4.4383	+0.120%	$369.7M	$309.0M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4463	+0.300%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4386	+0.126%	$559K	$1.3M	10x	as long as short
Lighter NEAR	+0.1288%	1h	4.4397	+0.152%	$17.8M	$25.9M	15x	as long as short
Aftermath Perps NEARUSD	+0.1688%	1h	4.4254	−0.172%	$6K	$12K	10x	as long as short