Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1062%/8h= +116.3% APRpaid last 24h +0.146%

Price spread now: RISEx against GRVT−0.318%7-day average +0.037% · 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−$68as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on GRVT Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.408%+$41 on $10k

Price spread, last 7 days+0.348%+$35 · spread now −0.318%, 7d avg +0.037%

Together, before fees+0.756%+ Points / potential airdropGRVT: Active · farm board+$76 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.355% cheaper against GRVT than usual: you would sell low and buy high (spread −0.318% now, against its 7-day average of +0.037%). If the spread goes back, that is −$36 on $10k: about 27 hours of funding at the current rate (+$32 a day). At the pace of the last 4 days (+0.408% in total) that is about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NEAR_USDT_Perp	4.3580	0.0100	pay 0.0100% / 8h	3h 47m	$1.4M	$1.5M	10x
Short	RISEx NEAR/USDC	4.3441	0.1162	get 0.0145% / 1h	47m 01s	$595K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against GRVT. 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 GRVTbpFee RISExbpOrdersPrice spread, now −0.318%Rate

Funding earned: $223.07
Price spread: −0.318% → +0.037%: −$35.53
Slippage, 4 orders: −$17.79
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: $154.75
Costs to cover: 0.328%
Break-even: 2.1 days

Slippage from GRVT: live order book, 1 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GRVT live order book, 1 min ago	1.15 bp	10.6 bp −$11	36.1 bp −$361	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	1.31 bp	4.3 bp −$4	12.0 bp −$120	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	4.3379	−0.462%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3380	−0.460%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3381	−0.456%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.979%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3443	−0.314%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3390	−0.436%	$107K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3440	−0.321%	$267.1M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3414	−0.381%	$218.2M	$424.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3430	−0.344%	$61.9M	$291.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3771	+0.439%	$249K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3383	−0.452%	$31.7M	$60.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3440	−0.321%	$73.8M	$143.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3450	−0.298%	$54.1M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3421	−0.365%	$71.3M	$128.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3410	−0.390%	—	$146.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3497	−0.190%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3559	−0.048%	$255K	$950K	20x	as long as short
GRVT NEAR_USDT_Perplong	+0.0100%	8h	4.3580	long leg	$1.4M	$1.5M	10x
ApeX Omni NEARUSDT	+0.0100%	1h	4.3580	0.000%	$168K	$799K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3406	−0.399%	$249K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3439	−0.324%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3470	−0.252%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3500	−0.184%	$455K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3450	−0.298%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3379	−0.462%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3425	−0.356%	$202K	$40K	3x	as long as short
Kalshi KXNEARPERP	+0.0127%	8h	4.3425	−0.356%	$609K	$22.9M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3410	−0.390%	$13.7M	$32.2M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3415	−0.379%	$412K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0314%	8h	4.3447	−0.304%	$2.9M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0319% / S −0.0191%	1h	4.3381	−0.457%	$231K	—	100x	as long as short
SoDEX NEAR-USD	+0.0392%	1h	4.3395	−0.425%	$8K	$52K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0502%	1h	4.3427	−0.351%	$1.4M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3440	−0.321%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0595%	1h	4.3452	−0.295%	$357.6M	$318.7M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3480	−0.229%	$213K	$1.6M	10x	as long as short
Extended NEAR-USD	+0.0648%	1h	4.3415	−0.379%	$3.8M	$19.7M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0710%	1h	4.3399	−0.416%	$7.7M	$39.7M	50x	as long as short
Nado NEAR-PERP	+0.0726%	1h	4.3415	−0.379%	$1.9M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0936%	1h	4.3457	−0.282%	$1.5M	$7.3M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3717	+0.314%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0948%	1h	4.3443	−0.314%	$1.9M	$8.2M	25x	as long as short
Lighter NEAR	+0.1152%	1h	4.3458	−0.281%	$17.5M	$24.8M	15x	as long as short
RISEx NEAR/USDCshort	+0.1162%	1h	4.3441	−0.318%	$595K	$1.4M	10x
Aftermath Perps NEARUSD	+0.1618%	1h	4.3567	−0.029%	$5K	$12K	10x	as long as short