Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0208%/8h= +22.8% APRpaid last 24h +0.097%

Price spread now: RISEx against BloFin+0.323%7-day average +0.036% · 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−$1as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on BloFin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.258%+$26 on $10k

Price spread, last 3 days (all we have)−0.416%−$42 · spread now +0.323%, 7d avg +0.036%

Together, before fees−0.158%−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and RISEx is 0.287% dearer against BloFin than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NEAR-USDT	4.3040	0.0220	pay 0.0220% / 8h	7h 50m	$13.0M	$29.2M	75x
Short	RISEx NEAR/USDC	4.3179	0.0428	get 0.0054% / 1h	50m 16s	$410K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against BloFin. 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 BloFinbpFee RISExbpOrdersPrice spread, now +0.323%Rate

Funding earned: $43.76
Price spread: +0.323% → +0.036%: $28.73
Slippage, 4 orders: −$12.04
Fee BloFin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $42.45
Costs to cover: 0.300%
Break-even: 0.2 days

Slippage from BloFin: live order book, 4 min ago; RISEx: live order book, 3 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 BloFin live order book, 4 min ago	2.32 bp	8.3 bp −$8	14.3 bp −$143	27.9 bp −$2,793	101.8 bp −$50.9K
Sell RISEx live order book, 3 min ago	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	−0.0665%	8h	4.3020	−0.046%	$3.9M	$8.6M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3115	+0.174%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3105	+0.151%	$7.6M	$37.1M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3084	+0.102%	$2.3M	$13.1M	50x	as long as short
Bybit NEARUSDT	−0.0068%	8h	4.3065	+0.058%	$219.5M	$419.0M	75x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3138	+0.227%	$112K	$64K	10x	as long as short
01 Exchange NEARUSD	0.0000%	1h	4.3173	+0.309%	$13K	$7K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3033	−0.016%	$377K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3137	+0.225%	$204K	—	150x	as long as short
Variational Omni NEAR	+0.0014%	8h	4.2988	−0.120%	$7.9M	$18.6M	—	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	−3.787%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3160	+0.279%	$112K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3100	+0.139%	$57K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3131	+0.211%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3180	+0.325%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3137	+0.225%	$404K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3155	+0.267%	$256.2M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3060	+0.046%	$61.3M	$282.0M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3170	+0.302%	$198K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2646	−0.915%	$243K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3140	+0.232%	$31.1M	$58.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3150	+0.256%	$80.0M	$138.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3180	+0.325%	$56.5M	$43.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3072	+0.074%	$71.5M	$125.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3120	+0.186%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3062	+0.050%	$267K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3082	+0.097%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3080	+0.093%	$180K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3165	+0.290%	$194K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3220	+0.418%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3086	+0.107%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3200	+0.372%	$459K	$3.6M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3059	+0.044%	$3.9M	$16.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3109	+0.159%	$201K	$28K	3x	as long as short
BloFin NEAR-USDTlong	+0.0220%	8h	4.3040	long leg	$13.0M	$29.2M	75x
Hyperliquid NEAR	+0.0326%	1h	4.3205	+0.384%	$368.5M	$300.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0377% / S −0.0313%	1h	4.3134	+0.219%	$276K	—	100x	as long as short
Nado NEAR-PERP	+0.0387%	1h	4.3126	+0.199%	$1.9M	$3.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0423%	1h	4.3122	+0.191%	$1.9M	$2.9M	25x	as long as short
Lighter RH NEAR	+0.0424%	1h	4.3167	+0.295%	$1.6M	$6.8M	10x	as long as short
RISEx NEAR/USDCshort	+0.0428%	1h	4.3179	+0.323%	$410K	$1.2M	10x
Backpack NEAR_USDC_PERP	+0.0481%	1h	4.3107	+0.156%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3136	+0.223%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1221%	1h	4.3031	−0.022%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.2232%	1h	4.3251	+0.491%	$17.3M	$23.9M	15x	as long as short