Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0826%/8h= +90.4% APRnext payment +$1.03 per $10,000 · paid last 24h +0.140%
Price spread now: RISEx against Bulk+0.212%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$400.403% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.400%+$40 on $10k
Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.212%, 7d avg +0.040%
Together, before fees+0.374%+$37 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and RISEx is 0.172% dearer against Bulk than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.040%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk NEAR-USD4.40980.0100pay 0.0013% / 1h18m 53s$251K−$010x
ShortRISEx NEAR/USDC4.41920.0926get 0.0116% / 1h18m 53s$592K$1.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Bulk. 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

Funding earned
$173.39
Price spread: +0.212% → +0.040%
$17.19
Slippage, 4 orders
−$27.29
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee RISEx: 3 bp × 2 orders
−$6
Net
$150.3
Costs to cover
0.403%
Break-even
0.9 days
Slippage from Bulk: live order book, 40 min ago; RISEx: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bulk live order book, 40 min ago11.15 bp14.6 bp −$1514.6 bp −$14633.3 bp −$3,33048.2 bp −$24.1K
Sell RISEx live order book, 5 min ago2.50 bp5.5 bp −$512.5 bp −$125doesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.4171+0.164%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0008%1h4.4146+0.108%$2.3M$15.4M50xas long as short
dYdX NEAR-USD0.0000%1h4.4149+0.115%$109K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4191+0.210%$596K$22.1M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4229+0.296%$166K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−6.096%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4180+0.185%$113K$518K50xas long as short
Pacifica NEAR+0.0100%1h4.4180+0.187%$420K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.4320+0.503%$272.2M$1.10B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4264+0.376%$222.6M$424.6M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4260+0.367%$63.0M$300.6M50xas long as short
Bulk NEAR-USDlong+0.0100%1h4.4098long leg$251K−$010x
Gate NEAR_USDT+0.0100%8h4.4257+0.360%$32.2M$64.1M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4300+0.458%$74.5M$149.8M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4330+0.526%$54.9M$46.1M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4304+0.467%$72.7M$130.6M75xas long as short
BingX NEAR-USDT+0.0100%8h4.4260+0.367%$147.5Mas long as short
Variational Omni NEAR+0.0100%8h4.4057−0.094%$8.5M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.4206+0.244%$265K$977K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4210+0.253%$1.5M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4130+0.072%$170K$802K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4214+0.263%$249K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4243+0.328%$57K$227K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4270+0.390%$2K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.4340+0.548%$459K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4300+0.458%$3.8M$8.4M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.4141+0.097%$32K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.4290+0.435%$206K$40K3xas long as short
SoDEX NEAR-USD+0.0143%1h4.4255+0.356%$8K$52K10xas long as short
BloFin NEAR-USDT+0.0220%8h4.4310+0.480%$13.8M$33.0M75xas long as short
Aster NEARUSDT+0.0305%8h4.4290+0.436%$3.0M$5.5M50xas long as short
Backpack NEAR_USDC_PERP+0.0309%1h4.4296+0.448%$1.4M$6.5M20xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0321% / S −0.0190%1h4.4227+0.291%$234K100xas long as short
Hyperliquid NEAR+0.0325%1h4.4326+0.517%$365.6M$324.6M10xas long as short
01 Exchange NEARUSD+0.0328%1h4.4232+0.303%$13K$7K10xas long as short
Extended NEAR-USD+0.0376%1h4.4283+0.420%$4.0M$19.7M25xas long as short
Nado NEAR-PERP+0.0536%1h4.4182+0.191%$1.9M$3.1M10xas long as short
Arcus NEAR-USD+0.0581%1h4.4190+0.208%$219K$1.8M10xas long as short
Kraken Futures PF_NEARUSD+0.0586%1h4.4302+0.463%$8.2M$39.7M50xas long as short
Lighter RH NEAR+0.0624%1h4.4331+0.528%$1.5M$7.2M10xas long as short
Phoenix NEAR+0.0794%1h4.4289+0.433%$1.8M$2.8M10xas long as short
RISEx NEAR/USDCshort+0.0926%1h4.4192+0.212%$592K$1.4M10x
Lighter NEAR+0.0944%1h4.4350+0.571%$17.9M$26.5M15xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1084%1h4.4281+0.414%$2.0M$7.3M25xas long as short
Aftermath Perps NEARUSD+0.1537%1h4.4152+0.123%$5K$12K10xas long as short