Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.045%

Price spread now: 01 Exchange against SunX−0.144%7-day average — · you buy dearer than you sell

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

Long on SunX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. 01 Exchange is 0.144% cheaper against SunX than usual: you would sell low and buy high (spread −0.144% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 3.6 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX NEAR-USDT	4.3650	0.0100	pay 0.0100% / 8h	3m 41s	$1K	$1.3M	20x
Short	01 Exchange NEARUSD	4.3587	0.0232	get 0.0029% / 1h	3m 41s	$13K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.144%Rate

Funding earned: $27.72
Price spread: −0.144% → 0.000%: −$14.43
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$1.71
Costs to cover: 0.150%
Break-even: 7.4 days

Slippage unknown: SunX: live order book, 10 min ago; 01 Exchange: no order-book sample. 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, 10 min ago	501.60 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.3470	−0.412%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3462	−0.430%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3400	−0.572%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3440	−0.482%	$7.2M	$38.6M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.132%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3570	−0.183%	$114K	$499K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3573	−0.176%	$219.6M	$430.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3570	−0.183%	$61.4M	$295.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	+0.229%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3571	−0.181%	$35.9M	$63.2M	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	4.3490	−0.367%	$52.7M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3561	−0.204%	$72.1M	$127.9M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3549	−0.231%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3722	+0.166%	$253K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3681	+0.072%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3680	+0.069%	$167K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3566	−0.192%	$274K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3448	−0.463%	$58K	$235K	20x	as long as short
SunX NEAR-USDTlong	+0.0100%	8h	4.3650	long leg	$1K	$1.3M	20x
SoDEX NEAR-USD	+0.0100%	1h	4.3433	−0.497%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3450	−0.458%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3587	−0.144%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3571	−0.182%	$3.6M	$16.4M	25x	as long as short
Aster NEARUSDT	+0.0105%	8h	4.3495	−0.356%	$2.7M	$4.8M	50x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3461	−0.433%	$202K	$38K	3x	as long as short
Hyperliquid NEAR	+0.0132%	1h	4.3508	−0.325%	$350.6M	$316.2M	10x	as long as short
Binance NEARUSDT	+0.0144%	8h	4.3560	−0.205%	$263.2M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0146%	8h	4.3580	−0.160%	$88.9M	$154.7M	200x	as long as short
BingX NEAR-USDT	+0.0155%	8h	4.3570	−0.183%	—	$83.1M	—	as long as short
HTX NEAR-USDT	+0.0158%	8h	4.3500	−0.344%	$463K	$3.8M	75x	as long as short
Kalshi KXNEARPERP	+0.0169%	8h	4.3475	−0.401%	$942K	$25.1M	2.2x	as long as short
01 Exchange NEARUSDshort	+0.0232%	1h	4.3587	−0.144%	$13K	$7K	10x
BloFin NEAR-USDT	+0.0266%	8h	4.3670	+0.046%	$13.4M	$32.2M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0242%	1h	4.3462	−0.430%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0365%	1h	4.3534	−0.266%	$1.6M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0471%	1h	4.3506	−0.330%	$1.1M	$7.2M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3494	−0.357%	$2.3M	$16.9M	50x	as long as short
Lighter RH NEAR	+0.0496%	1h	4.3543	−0.245%	$1.5M	$6.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0510%	1h	4.3469	−0.415%	$1.9M	$13.1M	25x	as long as short
Lighter NEAR	+0.0560%	1h	4.3617	−0.076%	$17.2M	$25.4M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3580	−0.160%	$228K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3557	−0.214%	$411K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3865	+0.493%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3563	−0.198%	$604K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1115%	1h	4.3615	−0.081%	$5K	$7K	10x	as long as short