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: Gate against SunX−0.664%7-day average −0.172% · you buy dearer than you sell

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

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.473%−$47 · spread now −0.664%, 7d avg −0.172%

Together, before fees−0.505%−$50 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: Gate is 0.492% cheaper against SunX than usual: you would sell low and buy high, −$49 on $10k if it goes back to its 7-day average of −0.172%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.5340	0.0100	pay 0.0100% / 8h	5h 07m	$2K	$1.4M	20x
Short	Gate NEAR_USDT	4.5039	0.0100	get 0.0100% / 8h	5h 07m	$32.7M	$64.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.664%Rate

Funding earned: $0
Price spread: −0.664% → −0.172%: −$49.21
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$72.21
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 7 min ago; Gate: live order book, 1 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, 7 min ago	494.03 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.10 bp	11.3 bp −$11	17.4 bp −$174	36.4 bp −$3,639	56.9 bp −$28.4K

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	4.5228	−0.247%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.5238	−0.225%	$2.2M	$15.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5041	−0.658%	$111K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5306	−0.075%	$525K	$21.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5237	−0.227%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.668%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5290	−0.110%	$114K	$513K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.5048	−0.644%	$430K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5059	−0.620%	$276.5M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5062	−0.613%	$225.9M	$425.5M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5050	−0.640%	$64.8M	$306.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5467	+0.279%	$259K	−$0	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.5039	−0.664%	$32.7M	$64.9M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.5080	−0.573%	$78.1M	$148.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5110	−0.507%	$55.8M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5013	−0.721%	$74.2M	$130.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.5050	−0.640%	—	$146.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5696	+0.785%	$8.8M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5623	+0.625%	$274K	$975K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5530	+0.419%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5670	+0.728%	$176K	$796K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5296	−0.097%	$222K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5248	−0.203%	$58K	$237K	20x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.5340	long leg	$2K	$1.4M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.5233	−0.236%	$8K	$54K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5360	+0.044%	$469K	$4.1M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5230	−0.243%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.5031	−0.681%	$33K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5255	−0.187%	$210K	$40K	3x	as long as short
Extended NEAR-USD	+0.0176%	1h	4.4988	−0.777%	$4.2M	$19.3M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5300	−0.088%	$14.0M	$34.0M	75x	as long as short
Aster NEARUSDT	+0.0299%	8h	4.5116	−0.493%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0360% / S −0.0248%	1h	4.5234	−0.234%	$273K	—	100x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.5349	+0.020%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.5120	−0.485%	$218K	$1.8M	10x	as long as short
Nado NEAR-PERP	+0.0417%	1h	4.5271	−0.151%	$2.0M	$3.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0524%	1h	4.5277	−0.139%	$2.0M	$4.5M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0564%	1h	4.5245	−0.210%	$1.4M	$6.7M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0681%	1h	4.5265	−0.166%	$8.4M	$41.3M	50x	as long as short
Lighter RH NEAR	+0.0704%	1h	4.5118	−0.490%	$1.6M	$7.2M	10x	as long as short
Hyperliquid NEAR	+0.0802%	1h	4.5120	−0.485%	$377.5M	$321.3M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.5621	+0.620%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.5077	−0.580%	$576K	$1.4M	10x	as long as short
Lighter NEAR	+0.1136%	1h	4.5101	−0.526%	$18.1M	$27.0M	15x	as long as short
Aftermath Perps NEARUSD	+0.1596%	1h	4.5385	+0.099%	$6K	$12K	10x	as long as short