Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0865%/8h= +94.8% APRpaid last 24h +0.165%

Price spread now: RISEx against SunX−0.121%7-day average −0.106% · you buy dearer than you sell

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

Long on SunX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.453%+$45 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now −0.121%, 7d avg −0.106%

Together, before fees+0.372%+$37 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.106%, so right now this pair is about funding alone: +$26 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.3870	0.0100	pay 0.0100% / 8h	7m 56s	$2K	$1.3M	20x
Short	RISEx NEAR/USDC	4.3817	0.0965	get 0.0121% / 1h	7m 56s	$607K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.121%Rate

Funding earned: $181.72
Price spread: −0.121% → −0.106%: −$1.56
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $166.16
Costs to cover: 0.140%
Break-even: 0.6 days

Slippage unknown: SunX: live order book, 6 min ago; RISEx: 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, 6 min ago	501.60 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	2.66 bp	5.7 bp −$6	14.0 bp −$140	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	4.3770	−0.227%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3751	−0.271%	$108K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3787	−0.190%	$164K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0016%	1h	4.3799	−0.162%	$7.3M	$38.6M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.607%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3810	−0.137%	$113K	$498K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3750	−0.274%	$221.1M	$428.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3740	−0.296%	$61.4M	$296.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	−0.274%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3774	−0.219%	$35.9M	$63.1M	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	4.3850	−0.046%	$53.2M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3740	−0.296%	$72.3M	$127.8M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3490	−0.867%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3477	−0.897%	$252K	$894K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3514	−0.812%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3440	−0.980%	$166K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3807	−0.144%	$278K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3815	−0.125%	$58K	$235K	20x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.3870	long leg	$2K	$1.3M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.3800	−0.160%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3800	−0.160%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3762	−0.247%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3813	−0.131%	$3.6M	$16.5M	25x	as long as short
Aster NEARUSDT	+0.0119%	8h	4.3780	−0.205%	$2.7M	$4.8M	50x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3810	−0.137%	$204K	$38K	3x	as long as short
Hyperliquid NEAR	+0.0138%	1h	4.3795	−0.171%	$353.3M	$315.7M	10x	as long as short
MEXC NEAR_USDT	+0.0154%	8h	4.3760	−0.251%	$90.6M	$154.3M	200x	as long as short
HTX NEAR-USDT	+0.0154%	8h	4.3890	+0.046%	$467K	$3.8M	75x	as long as short
Binance NEARUSDT	+0.0155%	8h	4.3776	−0.214%	$264.5M	$1.09B	75x	as long as short
Kalshi KXNEARPERP	+0.0171%	8h	4.3789	−0.185%	$972K	$25.0M	2.2x	as long as short
BingX NEAR-USDC	+0.0171%	8h	4.3770	−0.228%	—	$6.6M	—	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.3855	−0.034%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0275%	8h	4.3680	−0.433%	$13.3M	$32.2M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0341% / S −0.0240%	1h	4.3791	−0.181%	$255K	—	100x	as long as short
Nado NEAR-PERP	+0.0362%	1h	4.3761	−0.249%	$1.7M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0466%	1h	4.3871	+0.002%	$1.1M	$7.1M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3773	−0.221%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0488%	1h	4.3855	−0.034%	$1.5M	$6.7M	10x	as long as short
Lighter NEAR	+0.0536%	1h	4.3863	−0.016%	$17.3M	$25.4M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3810	−0.137%	$229K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3788	−0.188%	$413K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3782	−0.201%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDCshort	+0.0965%	1h	4.3817	−0.121%	$607K	$1.4M	10x
Aftermath Perps NEARUSD	+0.1100%	1h	4.3632	−0.542%	$5K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1485%	1h	4.3873	+0.007%	$1.9M	$13.1M	25x	as long as short