Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0546%/8h= +59.8% APRpaid last 24h +0.133%

Price spread now: RISEx against Gate+0.080%7-day average +0.045% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.375%+$38 on $10k

Price spread, last 7 days−0.025%−$3 · spread now +0.080%, 7d avg +0.045%

Together, before fees+0.350%+$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and RISEx is 0.035% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.2316	−0.0118	get 0.0118% / 8h	7h 33m	$30.4M	$59.2M	75x
Short	RISEx NEAR/USDC	4.2350	0.0428	get 0.0054% / 1h	33m 23s	$400K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Gate. 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 GatebpFee RISExbpOrdersPrice spread, now +0.080%Rate

Funding earned: $114.74
Price spread: +0.080% → +0.045%: $3.47
Slippage, 4 orders: −$16.76
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: $80.45
Costs to cover: 0.378%
Break-even: 2.1 days

Slippage from Gate: live order book, 6 min ago; RISEx: live order book, just now.

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 Gate live order book, 6 min ago	2.58 bp	12.2 bp −$12	17.7 bp −$177	33.8 bp −$3,379	51.4 bp −$25.7K
Sell RISEx live order book, just now	1.27 bp	4.3 bp −$4	11.4 bp −$114	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
Bybit NEARUSDT	−0.0180%	8h	4.2300	−0.038%	$214.3M	$418.1M	75x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.2320	+0.010%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0133%	1h	4.2227	−0.209%	$7.1M	$37.5M	50x	as long as short
Gate NEAR_USDTlong	−0.0118%	8h	4.2316	long leg	$30.4M	$59.2M	75x
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2210	−0.250%	$2.2M	$12.9M	50x	as long as short
01 Exchange NEARUSD	−0.0032%	1h	4.2319	+0.007%	$12K	$7K	10x	as long as short
Variational Omni NEAR	−0.0004%	8h	4.2298	−0.041%	$7.9M	$18.8M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2302	−0.033%	$110K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2208	−0.255%	$418K	$18.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2322	+0.014%	$201K	—	150x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.141%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2340	+0.057%	$110K	$481K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2334	+0.043%	$56K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2320	+0.010%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2330	+0.033%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2317	+0.003%	$396K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2323	+0.017%	$250.8M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2310	−0.014%	$59.6M	$275.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2350	+0.080%	$194K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2709	+0.930%	$243K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2330	+0.033%	$76.1M	$139.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2350	+0.080%	$55.6M	$43.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2316	0.000%	$70.1M	$124.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2300	−0.038%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2143	−0.410%	$261K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2147	−0.399%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2520	+0.482%	$178K	$788K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2338	+0.052%	$199K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2280	−0.085%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2220	−0.227%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2290	−0.061%	$453K	$3.6M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2301	−0.035%	$3.8M	$16.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2329	+0.031%	$197K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0142%	1h	4.2381	+0.154%	$355.3M	$303.8M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2180	−0.321%	$13.1M	$28.0M	75x	as long as short
Lighter RH NEAR	+0.0336%	1h	4.2331	+0.035%	$1.6M	$6.9M	10x	as long as short
Phemex NEARUSDT	+0.0337%	8h	4.2280	−0.085%	$3.8M	$8.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0371% / S −0.0308%	1h	4.2310	−0.014%	$270K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0378%	1h	4.2298	−0.043%	$1.4M	$5.7M	20x	as long as short
RISEx NEAR/USDCshort	+0.0428%	1h	4.2350	+0.080%	$400K	$1.2M	10x
Nado NEAR-PERP	+0.0498%	1h	4.2300	−0.038%	$1.8M	$3.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2201	−0.272%	$1.7M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0555%	1h	4.2271	−0.106%	$1.9M	$3.2M	25x	as long as short
Aftermath Perps NEARUSD	+0.1342%	1h	4.2473	+0.371%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1928%	1h	4.2445	+0.304%	$17.0M	$24.1M	15x	as long as short