Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.070%

Price spread now: Arcus against SunX−0.068%7-day average −0.075% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1441.441% of the position

Long on SunX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.353%+$35 on $10k

Price spread, last 4 days (all we have)−1.110%−$111 · spread now −0.068%, 7d avg −0.075%

Together, before fees−0.757%−$76 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.3800	0.0100	pay 0.0100% / 8h	7h 40m	$2K	$1.3M	20x
Short	Arcus NEAR-USD	4.3770	0.0100	get 0.0013% / 1h	40m 43s	$220K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.068%Rate

Funding earned: $0
Price spread: −0.068% → −0.075%: $0.66
Slippage, 4 orders: −$131.58
Fee SunX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$143.42
Costs to cover: 1.441%
Break-even: never at this rate

Slippage from SunX: live order book, 3 min ago; Arcus: live order book, 3 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 SunX live order book, 3 min ago	30.71 bp	49.9 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 3 min ago	3.41 bp	5.7 bp −$6	9.3 bp −$93	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
Kraken Futures PF_NEARUSD	−0.0432%	1h	4.3699	−0.231%	$7.2M	$38.8M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3714	−0.196%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3971	+0.392%	$107K	$67K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3680	−0.275%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.457%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3740	−0.137%	$119K	$506K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3955	+0.353%	$2.7M	$4.8M	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3997	+0.450%	$222.3M	$429.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3980	+0.411%	$61.9M	$298.2M	50x	as long as short
Arcus NEAR-USDshort	+0.0100%	1h	4.3770	−0.068%	$220K	$1.5M	10x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk NEAR-USD	+0.0100%	1h	4.3750	−0.114%	$252K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3841	+0.094%	$36.5M	$62.0M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3850	+0.114%	$52.7M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3909	+0.249%	$72.5M	$128.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3698	−0.233%	$9.0M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4085	+0.651%	$256K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3832	+0.073%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4050	+0.571%	$166K	$828K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3735	−0.148%	$273K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3720	−0.183%	$58K	$235K	20x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.3800	long leg	$2K	$1.3M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.3710	−0.205%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3700	−0.228%	$3.5M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3710	−0.206%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3814	+0.032%	$3.6M	$15.8M	25x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.3715	−0.194%	$203K	$40K	3x	as long as short
Binance NEARUSDT	+0.0113%	8h	4.4003	+0.464%	$265.2M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0115%	8h	4.3830	+0.068%	$92.0M	$156.5M	200x	as long as short
BingX NEAR-USDT	+0.0122%	8h	4.3880	+0.183%	—	$83.8M	—	as long as short
Kalshi KXNEARPERP	+0.0149%	8h	4.3735	−0.148%	$875K	$25.4M	2.2x	as long as short
Hyperliquid NEAR	+0.0203%	1h	4.3968	+0.384%	$355.2M	$318.9M	10x	as long as short
BloFin NEAR-USDT	+0.0233%	8h	4.3740	−0.137%	$12.4M	$32.4M	75x	as long as short
Nado NEAR-PERP	+0.0281%	1h	4.3730	−0.160%	$1.7M	$3.2M	10x	as long as short
01 Exchange NEARUSD	+0.0312%	1h	4.3770	−0.068%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0350% / S −0.0253%	1h	4.3818	+0.041%	$257K	—	100x	as long as short
HTX NEAR-USDT	+0.0359%	8h	4.3860	+0.137%	$464K	$3.8M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3852	+0.119%	$2.3M	$17.2M	50x	as long as short
Lighter RH NEAR	+0.0512%	1h	4.4042	+0.553%	$1.5M	$6.4M	10x	as long as short
Lighter NEAR	+0.0520%	1h	4.4036	+0.538%	$17.4M	$23.9M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.0542%	1h	4.3775	−0.057%	$1.1M	$7.2M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0642%	1h	4.3743	−0.130%	$1.9M	$13.1M	25x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.3748	−0.118%	$593K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.3981	+0.413%	$415K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.3911	+0.253%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1054%	1h	4.3851	+0.117%	$5K	$7K	10x	as long as short