Funding arb · Price arb / Crypto

NEAR

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LONGBullet▾Kraken Futures −0.0324%Bullet −0.0206%Orderly −0.0048%Polymarket Perps −0.0039%Phemex −0.0020%Lighter RH −0.0016%dYdX 0.0000%Kalshi 0.0000%Deribit 0.0000%gTrade (Gains Network) +0.0004%OKX +0.0007%Gate +0.0018%MEXC +0.0019%Binance +0.0020%SoDEX +0.0025%Injective +0.0033%Variational Omni +0.0044%N1 +0.0056%Bybit +0.0077%Paradex +0.0081%BloFin +0.0085%Aevo +0.0088%Lighter +0.0096%Popdex +0.0096%Nado +0.0100%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%KuCoin +0.0100%Bitget +0.0100%BingX +0.0100%Backpack +0.0100%edgeX +0.0100%ApeX Omni +0.0100%SunX +0.0100%HTX +0.0100%Extended +0.0104%Phoenix +0.0185%RISEx +0.0244%Arcus +0.0261%GMX +0.0263%Coinbase International +0.0304%Aftermath Perps +0.0438%

⇄⇅

SHORTGRVT▾Aftermath Perps +0.0438%Coinbase International +0.0304%Arcus +0.0261%RISEx +0.0244%GMX −0.0191%Phoenix +0.0185%Extended +0.0104%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%KuCoin +0.0100%Bitget +0.0100%BingX +0.0100%Backpack +0.0100%edgeX +0.0100%GRVT +0.0100%ApeX Omni +0.0100%SunX +0.0100%HTX +0.0100%Nado +0.0100%Popdex +0.0096%Lighter +0.0096%Aevo +0.0088%BloFin +0.0085%Paradex +0.0081%Bybit +0.0077%N1 +0.0056%Variational Omni +0.0044%Injective +0.0033%SoDEX +0.0025%Binance +0.0020%MEXC +0.0019%Gate +0.0018%OKX +0.0007%gTrade (Gains Network) −0.0002%dYdX 0.0000%Kalshi 0.0000%Deribit 0.0000%Lighter RH −0.0016%Phemex −0.0020%Polymarket Perps −0.0039%Orderly −0.0048%Kraken Futures −0.0324%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BulletNEAR-USD	4.9155	−0.0206	get 0.0026% / 1h	33m 26s	$66K	$159K	20x	Long Bullet
SHORT	GRVTNEAR_USDT_Perp	4.9390	+0.0100	get 0.0100% / 8h	1h 33m	$1.7M	$346K	10x	Short GRVT

Price gap+0.477%

Funding gap+0.0306% /8h

Both sides work: funding pays +$9 a day on $10k, and the gap is 0.462% above its 7d average: +$46 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 +0.165% in total, about +0.0091%/8h on average.

Funding history

SpreadBoth legsCumulative

24H3D7D14D30D90D

you earnyou payavg

RANGE STATS · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Spread %Both prices

24H3D7D14D30D90D

GRVT price against Bulletnow

RANGE STATS · 7D

Now+0.477%

Average—

Range—

Wider than now—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

BulletGRVT

NEAR on 44 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

• !
  Watch: Large against open interest5.8 / 14.7 bp

  $10k is over 10% of Bullet’s open interest.
• i
  Note: Margin at max leverage$500 + $1,000

  Bullet 20x, GRVT 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ1h / 8h

  Payments land at different times. Close right after the slower leg pays.

  Long Bullet · 1h+$6.17

  Short GRVT · 8h+$3.00

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

  Next 24h at the current rates, on $10k a leg: +$9.17Long Bullet: 24 payments, +$6.17; short GRVT: 3 payments, +$3.00.
• ✓
  OK: Entry gap works for you+0.477% vs +0.015%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Long leg is thinner$66K vs $1.7M OI

  Bullet sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legGRVT points

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legBullet No · GRVT No

  Both exchanges let you trade without ID.

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+0.0091%/8h × 21 periods+$19.14

Price spread+0.477% → +0.015% (7d avg)+$46.19

Slippage, 4 orderslive order books−$16.93

Fee Bullet bp × 2 orders−$8.00

Fee GRVT bp × 2 orders−$9.00

Net · 7 days · $10k+$31.41

Costs to cover0.339%Break-evenfrom the start

Slippage: Bullet: live order book, 50 min ago; GRVT: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGBullet1.305.8 bp−$611.5 bp−$115doesn’t fitdoesn’t fit

SELL · SHORTGRVT3.0314.7 bp−$1538.0 bp−$380doesn’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 ↗