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: OKX against SunX−0.134%7-day average −0.192% · you buy dearer than you sell

Net, funding: paid 7d − costs−$150as in the Funding arb table

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

costs, in and out, $10k−$1481.485% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)−0.176%−$18 · spread now −0.134%, 7d avg −0.192%

Together, before fees−0.189%−$19 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: OKX is 0.058% dearer against SunX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.192%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.4940	0.0100	pay 0.0100% / 8h	1h 43m	$2K	$1.3M	20x
Short	OKX NEAR-USDT-SWAP	4.4880	0.0100	get 0.0100% / 8h	1h 43m	$63.4M	$300.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.134%Rate

Funding earned: $0
Price spread: −0.134% → −0.192%: $5.83
Slippage, 4 orders: −$130.45
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$142.62
Costs to cover: 1.485%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; OKX: 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, 10 min ago	30.32 bp	49.9 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.12 bp	9.2 bp −$9	17.6 bp −$176	45.5 bp −$4,553	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	4.4806	−0.298%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4827	−0.251%	$110K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4851	−0.198%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.855%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4880	−0.134%	$111K	$493K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4887	−0.118%	$231.0M	$429.1M	75x	as long as short
OKX NEAR-USDT-SWAPshort	+0.0100%	8h	4.4880	−0.134%	$63.4M	$300.8M	50x
Bulk NEAR-USD	+0.0100%	1h	4.4366	−1.277%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4856	−0.187%	$35.0M	$60.1M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4850	−0.200%	$53.5M	$45.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4845	−0.211%	$74.3M	$126.5M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4687	−0.563%	$9.0M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4779	−0.358%	$262K	$967K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4881	−0.131%	$283K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4885	−0.122%	$59K	$235K	20x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.4940	long leg	$2K	$1.3M	20x
HTX NEAR-USDT	+0.0100%	8h	4.4950	+0.022%	$466K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4800	−0.312%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0106%	8h	4.4855	−0.189%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0123%	8h	4.4756	−0.409%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0127%	1h	4.4730	−0.467%	$168K	$804K	50x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4875	−0.145%	$209K	$40K	3x	as long as short
BingX NEAR-USDT	+0.0181%	8h	4.4860	−0.178%	—	$143.9M	—	as long as short
MEXC NEAR_USDT	+0.0184%	8h	4.4900	−0.089%	$86.1M	$145.4M	200x	as long as short
Binance NEARUSDT	+0.0185%	8h	4.4893	−0.104%	$273.3M	$1.09B	75x	as long as short
SoDEX NEAR-USD	+0.0204%	1h	4.4845	−0.211%	$5K	$52K	10x	as long as short
Kalshi KXNEARPERP	+0.0295%	8h	4.4796	−0.320%	$1.1M	$25.0M	2.2x	as long as short
BloFin NEAR-USDT	+0.0302%	8h	4.4870	−0.156%	$13.6M	$33.1M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0316% / S −0.0200%	1h	4.4825	−0.256%	$239K	—	100x	as long as short
Extended NEAR-USD	+0.0336%	1h	4.4875	−0.144%	$3.7M	$18.9M	25x	as long as short
Aster NEARUSDT	+0.0338%	8h	4.4880	−0.134%	$2.9M	$5.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4900	−0.089%	$2.3M	$16.5M	50x	as long as short
01 Exchange NEARUSD	+0.0496%	1h	4.4891	−0.109%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0538%	1h	4.4840	−0.223%	$1.8M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0585%	1h	4.4879	−0.136%	$1.3M	$6.5M	20x	as long as short
Hyperliquid NEAR	+0.0608%	1h	4.4848	−0.206%	$369.0M	$309.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0651%	1h	4.4831	−0.242%	$7.4M	$38.3M	50x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4910	−0.067%	$228K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.1000%	1h	4.4929	−0.024%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.5001	+0.136%	$1.9M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1044%	1h	4.4892	−0.107%	$1.9M	$12.3M	25x	as long as short
Lighter NEAR	+0.1056%	1h	4.4902	−0.083%	$17.6M	$24.7M	15x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4854	−0.192%	$413K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1238%	1h	4.4694	−0.547%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4890	−0.112%	$678K	$1.4M	10x	as long as short