Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0328%/8h= +36.0% APRpaid last 24h +0.133%

Price spread now: RISEx against BingX+0.079%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on BingX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.383%+$38 on $10k

Price spread, last 7 days−0.025%−$2 · spread now +0.079%, 7d avg +0.046%

Together, before fees+0.358%+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and RISEx is 0.033% dearer against BingX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NEAR-USDT	4.3010	0.0100	pay 0.0100% / 8h	7h 53m	—	$141.1M	—
Short	RISEx NEAR/USDC	4.3044	0.0428	get 0.0054% / 1h	53m 33s	$409K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against BingX. 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 BingXbpFee RISExbpOrdersPrice spread, now +0.079%Rate

Funding earned: $68.96
Price spread: +0.079% → +0.046%: $3.28
Slippage, 4 orders: −$9.38
Fee BingX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $46.87
Costs to cover: 0.254%
Break-even: 2.2 days

Slippage from BingX: live order book, 6 min ago; RISEx: live order book, just now.

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 BingX live order book, 6 min ago	1.17 bp	6.2 bp −$6	6.9 bp −$69	15.3 bp −$1,533	41.4 bp −$20.7K
Sell RISEx live order book, just now	2.89 bp	5.9 bp −$6	15.1 bp −$151	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
Phemex NEARUSDT	−0.1723%	8h	4.3100	+0.209%	$3.9M	$8.5M	50x	as long as short
Bybit NEARUSDT	−0.0236%	8h	4.3030	+0.047%	$219.3M	$419.1M	75x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.2966	−0.102%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3121	+0.257%	$7.6M	$37.2M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3091	+0.188%	$2.3M	$13.1M	50x	as long as short
01 Exchange NEARUSD	−0.0008%	1h	4.3029	+0.044%	$13K	$7K	10x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3114	+0.241%	$112K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3084	+0.172%	$377K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3023	+0.029%	$204K	—	150x	as long as short
Variational Omni NEAR	+0.0019%	8h	4.2869	−0.327%	$7.9M	$18.5M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.720%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3030	+0.047%	$112K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3090	+0.186%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3032	+0.051%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3130	+0.279%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3114	+0.241%	$404K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3030	+0.047%	$255.2M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3020	+0.023%	$61.1M	$282.0M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3030	+0.047%	$197K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2646	−0.846%	$243K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3035	+0.058%	$31.1M	$58.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3100	+0.209%	$79.7M	$138.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3080	+0.163%	$56.2M	$43.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3015	+0.012%	$71.3M	$125.2M	75x	as long as short
BingX NEAR-USDTlong	+0.0100%	8h	4.3010	long leg	—	$141.1M	—
edgeX NEARUSDC	+0.0100%	4h	4.2790	−0.512%	$244K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2819	−0.445%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2780	−0.535%	$179K	$794K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2989	−0.049%	$193K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3150	+0.326%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3090	+0.186%	$4K	$53K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3012	+0.003%	$3.9M	$16.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3089	+0.185%	$201K	$28K	3x	as long as short
HTX NEAR-USDT	+0.0154%	8h	4.3170	+0.372%	$459K	$3.6M	75x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2820	−0.442%	$13.0M	$29.3M	75x	as long as short
Hyperliquid NEAR	+0.0338%	1h	4.3150	+0.326%	$368.0M	$299.8M	10x	as long as short
Lighter RH NEAR	+0.0360%	1h	4.3121	+0.258%	$1.6M	$6.8M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0313%	1h	4.3018	+0.019%	$275K	—	100x	as long as short
Nado NEAR-PERP	+0.0423%	1h	4.3010	0.000%	$1.9M	$3.4M	10x	as long as short
RISEx NEAR/USDCshort	+0.0428%	1h	4.3044	+0.079%	$409K	$1.2M	10x
Phoenix NEAR	+0.0463%	1h	4.2848	−0.377%	$1.8M	$2.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0473%	1h	4.3164	+0.358%	$1.4M	$5.6M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0678%	1h	4.3139	+0.300%	$1.9M	$2.9M	25x	as long as short
Aftermath Perps NEARUSD	+0.1169%	1h	4.2861	−0.347%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1912%	1h	4.3235	+0.523%	$17.3M	$23.7M	15x	as long as short