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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.1106%/8h= +121.1% APRnext payment +$1.38 per $10,000 · paid last 24h +0.188%
Price spread now: RISEx against Coinbase International−0.180%7-day average +0.068% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$330.335% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.584%+$58 on $10k
Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.180%, 7d avg +0.068%
Together, before fees+0.596%+$60 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.248% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.180% now, against its 7-day average of +0.068%). If the spread goes back, that is −$25 on $10k: about 18 hours of funding at the current rate (+$33 a day). At the pace of the last 4 days (+0.584% in total) that is about 37 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International NEAR-PERP-INTX4.33610.0056pay 0.0007% / 1h22m 02s$2.3M$15.8M50x
ShortRISEx NEAR/USDC4.32830.1162get 0.0145% / 1h22m 02s$687K$1.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Coinbase International. 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
$232.31
Price spread: −0.180% → +0.068%
−$24.78
Slippage, 4 orders
−$17.49
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
$174.05
Costs to cover
0.335%
Break-even
1.8 days
Slippage from Coinbase International: live order book, 2 min ago; RISEx: live order book, 2 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 Coinbase International live order book, 2 min ago3.12 bp8.7 bp −$916.7 bp −$167705.0 bp −$70.5Kdoesn't fit
Sell RISEx live order book, 2 min ago3.24 bp6.2 bp −$613.6 bp −$136doesn'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%1h4.3274−0.201%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3189−0.396%$106K$69K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3300−0.141%$162K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.499%$578$301K12xas long as short
Coinbase International NEAR-PERP-INTXlong+0.0056%1h4.3361long leg$2.3M$15.8M50x
Popdex NEARUSDT+0.0096%1h4.3210−0.348%$109K$505K50xas long as short
Binance NEARUSDT+0.0100%8h4.3312−0.114%$265.4M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3232−0.298%$214.0M$428.4M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3230−0.302%$61.3M$290.6M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3250−0.256%$246K−$010xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0100%8h4.3263−0.226%$31.9M$61.7M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3310−0.118%$73.6M$145.9M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3300−0.141%$53.7M$46.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3257−0.240%$71.3M$128.5M75xas long as short
BingX NEAR-USDT+0.0100%8h4.3280−0.187%$145.8Mas long as short
Variational Omni NEAR+0.0100%8h4.3627+0.613%$8.4M$17.9Mas long as short
edgeX NEARUSDC+0.0100%4h4.3622+0.602%$255K$947K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3500+0.321%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3640+0.643%$168K$797K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3298−0.145%$276K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3349−0.028%$57K$246K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3380+0.044%$2K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3410+0.113%$471K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3300−0.141%$3.7M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.3249−0.258%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.3336−0.058%$201K$37K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.3260−0.233%$13.4M$32.1M75xas long as short
Pacifica NEAR+0.0263%1h4.3221−0.323%$406K$1.3M10xas long as short
Kalshi KXNEARPERP+0.0276%8h4.3240−0.279%$873K$23.5M2.2xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0323% / S −0.0198%1h4.3269−0.213%$233K100xas long as short
Aster NEARUSDT+0.0331%8h4.3290−0.164%$2.8M$5.5M50xas long as short
SoDEX NEAR-USD+0.0361%1h4.3305−0.129%$6K$53K10xas long as short
01 Exchange NEARUSD+0.0520%1h4.3250−0.256%$13K$7K10xas long as short
Backpack NEAR_USDC_PERP+0.0570%1h4.3322−0.090%$1.3M$6.7M20xas long as short
Nado NEAR-PERP+0.0591%1h4.3269−0.212%$1.8M$3.1M10xas long as short
Hyperliquid NEAR+0.0599%1h4.3309−0.120%$354.7M$313.7M10xas long as short
Extended NEAR-USD+0.0624%1h4.3292−0.159%$3.8M$20.0M25xas long as short
Arcus NEAR-USD+0.0627%1h4.3300−0.141%$213K$1.6M10xas long as short
Kraken Futures PF_NEARUSD+0.0711%1h4.3317−0.102%$7.6M$39.3M50xas long as short
Lighter RH NEAR+0.0896%1h4.3331−0.069%$1.5M$7.4M10xas long as short
Phoenix NEAR+0.0941%1h4.3721+0.830%$1.8M$2.8M10xas long as short
Lighter NEAR+0.1104%1h4.3384+0.054%$17.5M$25.0M15xas long as short
RISEx NEAR/USDCshort+0.1162%1h4.3283−0.180%$687K$1.3M10x
Aftermath Perps NEARUSD+0.1555%1h4.3415+0.125%$5K$13K10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1667%1h4.3375+0.032%$1.9M$9.4M25xas long as short