Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1159%/8h= +126.9% APRpaid last 24h +0.167%

Price spread now: RISEx against Bybit−0.041%7-day average +0.061% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on Bybit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.446%+$45 on $10k

Price spread, last 7 days+0.112%+$11 · spread now −0.041%, 7d avg +0.061%

Together, before fees+0.559%+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.101% cheaper against Bybit than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of +0.061%). If the spread goes back, that is −$10 on $10k: about 7 hours of funding at the current rate (+$35 a day). At the pace of the last 4 days (+0.446% in total) that is about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NEARUSDT	4.4685	0.0100	pay 0.0100% / 8h	1h 47m	$229.7M	$428.2M	75x
Short	RISEx NEAR/USDC	4.4667	0.1259	get 0.0157% / 1h	47m 38s	$678K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bybit. 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 BybitbpFee RISExbpOrdersPrice spread, now −0.041%Rate

Funding earned: $243.41
Price spread: −0.041% → +0.061%: −$10.15
Slippage, 4 orders: −$12.86
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee RISEx: 3 bp × 2 orders: −$6
Net: $203.4
Costs to cover: 0.299%
Break-even: 1.2 days

Slippage from Bybit: live order book, 2 min ago; RISEx: live order book, 1 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 Bybit live order book, 2 min ago	1.11 bp	12.4 bp −$12	20.3 bp −$203	42.5 bp −$4,250	doesn't fit
Sell RISEx live order book, 1 min ago	1.64 bp	4.6 bp −$5	11.2 bp −$112	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
Reya NEARRUSDPERP	−0.0171%	1h	4.4806	+0.272%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4641	−0.098%	$110K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4789	+0.233%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.329%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4670	−0.034%	$110K	$495K	50x	as long as short
Bybit NEARUSDTlong	+0.0100%	8h	4.4685	long leg	$229.7M	$428.2M	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4660	−0.056%	$62.9M	$298.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4366	−0.714%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4645	−0.090%	$34.8M	$60.0M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4810	+0.280%	$53.5M	$45.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4652	−0.074%	$74.0M	$126.4M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4568	−0.263%	$8.9M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4914	+0.512%	$262K	$966K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4869	+0.412%	$280K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4834	+0.333%	$58K	$233K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4880	+0.436%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4900	+0.481%	$469K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4810	+0.280%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0107%	8h	4.4682	−0.008%	$32K	$585	10x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.4855	+0.380%	$209K	$40K	3x	as long as short
GRVT NEAR_USDT_Perp	+0.0122%	8h	4.4641	−0.098%	$1.5M	$1.5M	10x	as long as short
BingX NEAR-USDT	+0.0176%	8h	4.4670	−0.034%	—	$143.8M	—	as long as short
MEXC NEAR_USDT	+0.0181%	8h	4.4680	−0.011%	$85.9M	$145.0M	200x	as long as short
Binance NEARUSDT	+0.0181%	8h	4.4670	−0.034%	$271.2M	$1.09B	75x	as long as short
ApeX Omni NEARUSDT	+0.0253%	1h	4.4940	+0.571%	$169K	$805K	50x	as long as short
SoDEX NEAR-USD	+0.0279%	1h	4.4825	+0.313%	$5K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0296%	8h	4.4950	+0.593%	$13.7M	$33.2M	75x	as long as short
Kalshi KXNEARPERP	+0.0303%	8h	4.4855	+0.380%	$1.1M	$24.9M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0316% / S −0.0201%	1h	4.4797	+0.251%	$240K	—	100x	as long as short
Aster NEARUSDT	+0.0343%	8h	4.4709	+0.053%	$2.9M	$5.0M	50x	as long as short
Extended NEAR-USD	+0.0368%	1h	4.4663	−0.050%	$3.7M	$18.9M	25x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.5100	+0.929%	$2.3M	$16.6M	50x	as long as short
Nado NEAR-PERP	+0.0496%	1h	4.4815	+0.291%	$1.8M	$3.2M	10x	as long as short
01 Exchange NEARUSD	+0.0544%	1h	4.4684	−0.002%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0617%	1h	4.4832	+0.329%	$1.3M	$6.5M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0651%	1h	4.4808	+0.275%	$7.4M	$38.3M	50x	as long as short
Hyperliquid NEAR	+0.0688%	1h	4.4837	+0.340%	$369.0M	$308.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0866%	1h	4.4855	+0.380%	$2.0M	$12.3M	25x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4890	+0.459%	$228K	$1.6M	10x	as long as short
Lighter NEAR	+0.0976%	1h	4.4760	+0.168%	$17.6M	$24.7M	15x	as long as short
Phoenix NEAR	+0.1003%	1h	4.5001	+0.707%	$1.9M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1040%	1h	4.4702	+0.038%	$1.5M	$6.6M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4712	+0.061%	$412K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1197%	1h	4.4609	−0.169%	$6K	$12K	10x	as long as short
RISEx NEAR/USDCshort	+0.1259%	1h	4.4667	−0.041%	$678K	$1.4M	10x