Funding arb · Price arb / Crypto

NEAR

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LONGBullet▾Bullet −0.0067%Orderly −0.0026%dYdX 0.0000%Kalshi 0.0000%Deribit 0.0000%Injective +0.0033%N1 +0.0064%Lighter RH +0.0096%Popdex +0.0096%Paradex +0.0096%Nado +0.0100%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%Binance +0.0100%Bybit +0.0100%OKX +0.0100%Gate +0.0100%MEXC +0.0100%KuCoin +0.0100%Bitget +0.0100%BingX +0.0100%Variational Omni +0.0100%edgeX +0.0100%GRVT +0.0100%ApeX Omni +0.0100%Polymarket Perps +0.0100%SunX +0.0100%SoDEX +0.0100%HTX +0.0100%Phemex +0.0100%Extended +0.0104%Aevo +0.0104%Avantis +0.0146%BloFin +0.0220%Phoenix +0.0246%Lighter +0.0272%GMX +0.0299%RISEx +0.0335%gTrade (Gains Network) +0.0417%Backpack +0.0457%Kraken Futures +0.0476%Aftermath Perps +0.0648%Arcus +0.0750%

⇄⇅

SHORTCoinbase International▾Arcus +0.0750%Aftermath Perps +0.0648%Coinbase International +0.0528%Kraken Futures +0.0476%Backpack +0.0457%RISEx +0.0335%Lighter +0.0272%Phoenix +0.0246%gTrade (Gains Network) −0.0233%GMX −0.0230%BloFin +0.0220%Extended +0.0104%Aevo +0.0104%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%Binance +0.0100%Bybit +0.0100%OKX +0.0100%Gate +0.0100%MEXC +0.0100%KuCoin +0.0100%Bitget +0.0100%BingX +0.0100%Variational Omni +0.0100%edgeX +0.0100%GRVT +0.0100%ApeX Omni +0.0100%Polymarket Perps +0.0100%SunX +0.0100%SoDEX +0.0100%HTX +0.0100%Phemex +0.0100%Nado +0.0100%Paradex +0.0096%Popdex +0.0096%Lighter RH +0.0096%N1 +0.0064%Avantis −0.0056%Injective +0.0033%dYdX 0.0000%Kalshi 0.0000%Deribit 0.0000%Orderly −0.0026%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BulletNEAR-USD	5.1101	−0.0067	get 0.0008% / 1h	25m 11s	$55K	$188K	20x	Long Bullet
SHORT	Coinbase InternationalNEAR-PERP-INTX	5.1504	+0.0528	get 0.0066% / 1h	25m 11s	$1.4M	$4.8M	50x	Short Coinbase International

Price gap+0.789%

Funding gap+0.0595% /8h

Both sides work: funding pays +$18 a day on $10k, and the gap is 0.697% above its 7d average: +$70 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 6 days it paid +0.231% in total, about +0.0125%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m

1h · loading 5m…

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

P&L?

PRICE SPREAD · 7D

Now+0.789%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

BulletCoinbase International

NEAR on 45 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

• !
  Watch: Thin at this size5.7 / 96.3 bp

  At $10k entering Coinbase International costs 96.3 bp, fee and slippage, 16.9× Bullet’s.
• i
  Note: Margin at max leverage$500 + $200

  Bullet 20x, Coinbase International 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Bullet · 1h+$2.00

  Short Coinbase International · 1h+$15.84

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$17.84Long Bullet: 24 payments, +$2.00; short Coinbase International: 24 payments, +$15.84.
• ✓
  OK: Entry gap works for you+0.789% vs +0.092%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Long leg is thinner$55K vs $1.4M OI

  Bullet sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCBullet No · Coinbase International Yes

  ID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0125%/8h × 21 periods+$26.35

Price spread+0.789% → +0.092% (7d avg)+$69.70

Slippage, 4 orderslive order books−$179.11

Fee Bullet bp × 2 orders−$8.00

Fee Coinbase International bp × 2 orders−$8.00

Net · 7 days · $10k−$99.06

Costs to cover1.951%Break-even33.3 days

Slippage: Bullet: live order book, 7 min ago; Coinbase International: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGBullet1.185.7 bp−$611.3 bp−$113doesn’t fitdoesn’t fit

SELL · SHORTCoinbase International83.2896.3 bp−$96332.6 bp−$3,326doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

NEAR news

posts that mention NEAR, from every exchangeSearch all news →

09-30 02:45	MEXC	Other	Not NEAR anymore. It’s here. 👀 $NRR is officially trading on NYSE Arca. Continuation or sell the news? 🤔 @MEXC on X ↗
09-30 01:05	Reya	Listing	NEARRUSDPERP no longer reported ($NEAR) seen by our collector
09-29 11:00	Bulk	Listing	NEAR-USD no longer reported ($NEAR) seen by our collector
09-28 18:50	Aevo	Other	bitcoin:native is back near $83k after trading above $86k last week. Whether you trade the continuation or pullback, all options and this week’s Perp Majors count toward the volume requirement for our year-end reward. This week’s Perp Majors include: BTC, ETH, SOL, ZEC, NEAR, HYPE, LIT, SPY, QQQ, HOOD, SNDK, MU, NVDA, TSLA, GOOGL. @aevoxyz on X ↗
09-28 14:46	RISEx	Other	This week on RISEx Market Desk: Macro: A third central bank joins the hiking cycle, and Friday delivers the first jobs report since the Fed’s pivot Crypto: Solana’s biggest upgrade yet goes live, NEAR ETF clears key hurdles, and Zcash pulls off a 3-for-1 split. Equities: One trade, three tickers - Micron ($MU) reports after the close, with potential spillover to $SKHYNIX, $DRAM, and $SNDK Watching Friday closely. Trade well @risextrade on X ↗
09-28 03:00	MEXC	Other	NEAR enough to get interesting. 👀 ETF access is getting closer. Momentum holds or cools off? @MEXC on X ↗