Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against SunX−0.133%7-day average −0.120% · you buy dearer than you sell

Net, funding: paid 7d − costs−$170as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1671.674% of the position

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.525%−$52 · spread now −0.133%, 7d avg −0.120%

Together, before fees−0.551%−$55 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	4.5180	0.0100	pay 0.0100% / 8h	6h 16m	$2K	$1.3M	20x
Short	KuCoin NEARUSDTM	4.5120	0.0100	get 0.0100% / 8h	6h 16m	$53.4M	$45.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.133%Rate

Funding earned: $0
Price spread: −0.133% → −0.120%: −$1.29
Slippage, 4 orders: −$147.38
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$168.67
Costs to cover: 1.674%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; KuCoin: live order book, 5 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, 11 min ago	31.89 bp	52.6 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.20 bp	16.8 bp −$17	34.1 bp −$341	106.4 bp −$10.6K	doesn't fit

NEAR on 45 exchanges

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	4.5121	−0.132%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0140%	1h	4.5109	−0.157%	$7.4M	$37.9M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5048	−0.293%	$110K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5026	−0.340%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.344%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5100	−0.177%	$124K	$522K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5087	−0.206%	$2.7M	$4.8M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5084	−0.212%	$274.0M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5074	−0.235%	$234.2M	$433.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5050	−0.288%	$64.4M	$310.2M	50x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.5090	−0.199%	$232K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5102	−0.172%	$269K	$12K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5051	−0.286%	$39.8M	$63.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5080	−0.221%	$78.1M	$171.9M	200x	as long as short
KuCoin NEARUSDTMshort	+0.0100%	8h	4.5120	−0.133%	$53.4M	$45.1M	75x
Bitget NEARUSDT	+0.0100%	8h	4.5030	−0.332%	$74.6M	$130.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.5050	−0.288%	—	$78.4M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5256	+0.168%	$9.5M	$17.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5148	−0.071%	$267K	$870K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5120	−0.133%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5280	+0.221%	$169K	$826K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5133	−0.104%	$283K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5172	−0.018%	$59K	$269K	20x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.5180	long leg	$2K	$1.3M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.5140	−0.089%	$5K	$42K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5200	+0.044%	$469K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5080	−0.221%	$3.4M	$8.0M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.5055	−0.277%	$33K	$51	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5036	−0.318%	$3.8M	$15.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5161	−0.042%	$210K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0108%	8h	4.5130	−0.111%	$826K	$26.2M	2.2x	as long as short
01 Exchange NEARUSD	+0.0160%	1h	4.5120	−0.133%	$13K	$5K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5150	−0.066%	$13.0M	$33.0M	75x	as long as short
Hyperliquid NEAR	+0.0287%	1h	4.5150	−0.066%	$364.4M	$324.1M	10x	as long as short
Lighter NEAR	+0.0304%	1h	4.5111	−0.153%	$17.6M	$23.8M	15x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0235%	1h	4.5136	−0.098%	$260K	—	100x	as long as short
Nado NEAR-PERP	+0.0432%	1h	4.5125	−0.122%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0520%	1h	4.5154	−0.058%	$2.3M	$17.8M	50x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.5068	−0.248%	$643K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0640%	1h	4.5121	−0.131%	$1.6M	$6.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0716%	1h	4.5078	−0.226%	$1.1M	$7.0M	20x	as long as short
Phoenix NEAR	+0.0851%	1h	4.5306	+0.279%	$1.7M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0857%	1h	4.5209	+0.064%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.0883%	1h	4.5087	−0.205%	$418K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1159%	1h	4.5211	+0.069%	$6K	$7K	10x	as long as short