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% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against SunX−0.152%7-day average −0.134% · you buy dearer than you sell

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

Long on SunX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.180%−$18 · spread now −0.152%, 7d avg −0.134%

Together, before fees−0.209%−$21 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	4.3280	0.0100	pay 0.0100% / 8h	35m 23s	$1K	$1.3M	20x
Short	Polymarket Perps NEAR-USD	4.3214	0.0100	get 0.0013% / 1h	35m 23s	$283K	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.152%Rate

Funding earned: $0
Price spread: −0.152% → −0.134%: −$1.86
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$17.86
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 9 min ago; Polymarket Perps: live order book, 4 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, 9 min ago	500.58 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.54 bp	6.8 bp −$7	9.1 bp −$91	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	4.3147	−0.308%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3189	−0.211%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3148	−0.304%	$161K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3140	−0.324%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.321%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3200	−0.185%	$110K	$496K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3155	−0.289%	$217.9M	$430.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3140	−0.323%	$60.7M	$291.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3160	−0.277%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3148	−0.305%	$35.2M	$62.4M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3190	−0.208%	$52.3M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3153	−0.293%	$71.4M	$128.2M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3217	−0.147%	$8.7M	$18.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3097	−0.423%	$250K	$899K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3207	−0.169%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3080	−0.462%	$164K	$815K	50x	as long as short
Polymarket Perps NEAR-USDshort	+0.0100%	1h	4.3214	−0.152%	$283K	$4.1M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3164	−0.268%	$57K	$235K	20x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.3280	long leg	$1K	$1.3M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.3165	−0.266%	$5K	$53K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3180	−0.231%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3212	−0.157%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3139	−0.325%	$3.6M	$17.2M	25x	as long as short
HTX NEAR-USDT	+0.0125%	8h	4.3340	+0.139%	$461K	$3.8M	75x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.3165	−0.265%	$201K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0185%	8h	4.3079	−0.464%	$935K	$25.2M	2.2x	as long as short
MEXC NEAR_USDT	+0.0193%	8h	4.3170	−0.254%	$83.3M	$150.7M	200x	as long as short
Binance NEARUSDT	+0.0193%	8h	4.3170	−0.254%	$262.1M	$1.09B	75x	as long as short
Aster NEARUSDT	+0.0195%	8h	4.3172	−0.250%	$2.7M	$4.8M	50x	as long as short
BingX NEAR-USDT	+0.0199%	8h	4.3170	−0.254%	—	$145.1M	—	as long as short
Hyperliquid NEAR	+0.0219%	1h	4.3228	−0.120%	$348.8M	$315.4M	10x	as long as short
01 Exchange NEARUSD	+0.0256%	1h	4.3211	−0.159%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0313%	8h	4.3190	−0.208%	$13.3M	$31.8M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0204%	1h	4.3148	−0.306%	$232K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0390%	1h	4.3262	−0.042%	$1.1M	$7.0M	20x	as long as short
Nado NEAR-PERP	+0.0448%	1h	4.3160	−0.277%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3206	−0.171%	$2.3M	$16.8M	50x	as long as short
Lighter RH NEAR	+0.0512%	1h	4.3262	−0.042%	$1.5M	$6.6M	10x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3220	−0.139%	$226K	$1.6M	10x	as long as short
Lighter NEAR	+0.0704%	1h	4.3262	−0.041%	$17.0M	$25.1M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0724%	1h	4.3179	−0.233%	$1.9M	$13.2M	25x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3224	−0.128%	$407K	$1.5M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3179	−0.233%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3214	−0.153%	$599K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1247%	1h	4.3230	−0.115%	$5K	$7K	10x	as long as short