Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0304%/8h= +33.3% APRpaid last 24h +0.135%

Price spread now: RISEx against MEXC+0.011%7-day average +0.037% · 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−$18as in the Price arb table

costs, in and out, $10k−$150.150% of the position

Long on MEXC Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.378%+$38 on $10k

Price spread, last 7 days+0.043%+$4 · spread now +0.011%, 7d avg +0.037%

Together, before fees+0.421%+$42 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.026% cheaper against MEXC than usual: you would sell low and buy high (spread +0.011% now, against its 7-day average of +0.037%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.2690	0.0100	pay 0.0100% / 8h	40m 48s	$78.3M	$141.1M	200x
Short	RISEx NEAR/USDC	4.2695	0.0404	get 0.0051% / 1h	40m 48s	$412K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against MEXC. 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 MEXCbpFee RISExbpOrdersPrice spread, now +0.011%Rate

Funding earned: $63.88
Price spread: +0.011% → +0.037%: −$2.58
Slippage, 4 orders: −$8.96
Fee MEXC: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $46.33
Costs to cover: 0.150%
Break-even: 1.9 days

Slippage from MEXC: live order book, 3 min ago; RISEx: live order book, 3 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 MEXC live order book, 3 min ago	3.52 bp	3.5 bp −$4	3.5 bp −$35	55.3 bp −$5,533	100.4 bp −$50.2K
Sell RISEx live order book, 3 min ago	0.96 bp	4.0 bp −$4	11.7 bp −$117	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	4.2678	−0.029%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2685	−0.012%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2625	−0.153%	$110K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2680	−0.023%	$401K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2723	+0.077%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.998%	$578	$302K	12x	as long as short
Bybit NEARUSDT	+0.0086%	8h	4.2650	−0.094%	$218.6M	$422.2M	75x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2710	+0.047%	$109K	$496K	50x	as long as short
Variational Omni NEAR	+0.0098%	8h	4.2670	−0.048%	$7.8M	$18.0M	—	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2623	−0.158%	$31K	$647	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.2710	+0.047%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2659	−0.073%	$401K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2680	−0.023%	$252.8M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2670	−0.047%	$60.8M	$285.0M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2670	−0.047%	$201K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3000	+0.726%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2684	−0.014%	$30.0M	$59.0M	75x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.2690	long leg	$78.3M	$141.1M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.2710	+0.047%	$55.9M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2673	−0.040%	$70.9M	$126.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2670	−0.047%	—	$138.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2703	+0.031%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2680	−0.023%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2710	+0.047%	$178K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2748	+0.136%	$188K	$3.4M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2678	−0.028%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2720	+0.070%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2683	−0.016%	$13K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2690	0.000%	$3.9M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2658	−0.074%	$3.9M	$15.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2687	−0.006%	$206K	$62K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2693	+0.008%	$7.6M	$37.1M	50x	as long as short
01 Exchange NEARUSD	+0.0160%	1h	4.2672	−0.042%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2700	+0.023%	$13.0M	$30.7M	75x	as long as short
Lighter RH NEAR	+0.0360%	1h	4.2746	+0.131%	$1.5M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0374% / S −0.0313%	1h	4.2724	+0.080%	$274K	—	100x	as long as short
RISEx NEAR/USDCshort	+0.0404%	1h	4.2695	+0.011%	$412K	$1.2M	10x
Backpack NEAR_USDC_PERP	+0.0426%	1h	4.2731	+0.096%	$1.3M	$5.5M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2717	+0.063%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0523%	1h	4.2720	+0.070%	$1.9M	$2.3M	25x	as long as short
Nado NEAR-PERP	+0.0774%	1h	4.2714	+0.057%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0860%	8h	4.2830	+0.328%	$459K	$3.7M	75x	as long as short
Hyperliquid NEAR	+0.0999%	1h	4.2729	+0.091%	$367.1M	$299.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1197%	1h	4.2767	+0.180%	$5K	$11K	10x	as long as short
Lighter NEAR	+0.1800%	1h	4.2793	+0.242%	$16.4M	$23.7M	15x	as long as short