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 KuCoin−0.181%7-day average +0.018% · 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−$67as in the Price arb table

costs, in and out, $10k−$470.469% of the position

Long on KuCoin 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+0.237%+$24 · spread now −0.181%, 7d avg +0.018%

Together, before fees+0.645%+$64 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.198% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.181% now, against its 7-day average of +0.018%). If the spread goes back, that is −$20 on $10k: about 15 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 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.3310	0.0100	pay 0.0100% / 8h	3h 42m	$53.8M	$46.3M	75x
Short	RISEx NEAR/USDC	4.3232	0.1162	get 0.0145% / 1h	42m 34s	$654K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against KuCoin. 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 KuCoinbpFee RISExbpOrdersPrice spread, now −0.181%Rate

Funding earned: $223.07
Price spread: −0.181% → +0.018%: −$19.83
Slippage, 4 orders: −$28.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $156.33
Costs to cover: 0.469%
Break-even: 2.1 days

Slippage from KuCoin: live order book, 7 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 KuCoin live order book, 7 min ago	2.29 bp	17.8 bp −$18	27.3 bp −$273	100.1 bp −$10.0K	doesn't fit
Sell RISEx live order book, 1 min ago	2.84 bp	5.8 bp −$6	14.6 bp −$146	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	4.3185	−0.288%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3254	−0.129%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3315	+0.011%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.387%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3406	+0.222%	$2.3M	$16.0M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3240	−0.162%	$107K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3248	−0.142%	$265.3M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3195	−0.266%	$215.2M	$427.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3180	−0.300%	$61.6M	$290.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3400	+0.208%	$247K	−$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	4.3170	−0.323%	$31.6M	$60.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3210	−0.231%	$73.4M	$144.5M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.3310	long leg	$53.8M	$46.3M	75x
Bitget NEARUSDT	+0.0100%	8h	4.3190	−0.277%	$70.9M	$128.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3180	−0.300%	—	$146.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3397	+0.202%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3444	+0.309%	$254K	$950K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3214	−0.221%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3100	−0.485%	$166K	$799K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3216	−0.217%	$261K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3356	+0.106%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3450	+0.323%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3500	+0.439%	$462K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3370	+0.139%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3185	−0.289%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3350	+0.092%	$202K	$37K	3x	as long as short
Kalshi KXNEARPERP	+0.0130%	8h	4.3392	+0.189%	$654K	$23.1M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3390	+0.185%	$13.8M	$32.2M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3278	−0.075%	$411K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0309%	8h	4.3281	−0.067%	$2.9M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0194%	1h	4.3316	+0.014%	$232K	—	100x	as long as short
SoDEX NEAR-USD	+0.0421%	1h	4.3318	+0.018%	$8K	$49K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0512%	1h	4.3350	+0.092%	$1.4M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3247	−0.145%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0602%	1h	4.3242	−0.157%	$354.8M	$320.8M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3240	−0.162%	$212K	$1.6M	10x	as long as short
Extended NEAR-USD	+0.0672%	1h	4.3154	−0.361%	$3.8M	$19.8M	25x	as long as short
Nado NEAR-PERP	+0.0678%	1h	4.3210	−0.230%	$1.8M	$3.1M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0711%	1h	4.3327	+0.040%	$7.6M	$39.6M	50x	as long as short
Lighter RH NEAR	+0.0888%	1h	4.3355	+0.104%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3302	−0.018%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0997%	1h	4.3357	+0.109%	$2.0M	$8.8M	25x	as long as short
Lighter NEAR	+0.1152%	1h	4.3299	−0.025%	$17.5M	$24.9M	15x	as long as short
RISEx NEAR/USDCshort	+0.1162%	1h	4.3232	−0.181%	$654K	$1.4M	10x
Aftermath Perps NEARUSD	+0.1582%	1h	4.3407	+0.225%	$5K	$12K	10x	as long as short