Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1120%/8h= +122.7% APRpaid last 24h +0.152%

Price spread now: RISEx against OKX+0.053%7-day average +0.063% · 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−$26as in the Price arb table

costs, in and out, $10k−$250.248% of the position

Long on OKX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.422%+$42 on $10k

Price spread, last 7 days+0.005%$0 · spread now +0.053%, 7d avg +0.063%

Together, before fees+0.427%+$43 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.063%, so right now this pair is about funding alone: +$34 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NEAR-USDT-SWAP	4.4190	0.0100	pay 0.0100% / 8h	2h 06m	$62.4M	$294.4M	50x
Short	RISEx NEAR/USDC	4.4213	0.1220	get 0.0153% / 1h	6m 24s	$708K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against OKX. 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 OKXbpFee RISExbpOrdersPrice spread, now +0.053%Rate

Funding earned: $235.22
Price spread: +0.053% → +0.063%: −$0.98
Slippage, 4 orders: −$8.84
Fee OKX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $209.4
Costs to cover: 0.248%
Break-even: 0.8 days

Slippage from OKX: live order book, 3 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 OKX live order book, 3 min ago	1.14 bp	8.7 bp −$9	17.3 bp −$173	50.5 bp −$5,055	doesn't fit
Sell RISEx live order book, 2 min ago	0.89 bp	3.9 bp −$4	9.3 bp −$93	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	4.4160	−0.068%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4071	−0.270%	$108K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4179	−0.025%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.291%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4210	+0.045%	$117K	$497K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4203	+0.029%	$222.2M	$423.2M	75x	as long as short
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.4190	long leg	$62.4M	$294.4M	50x
Bulk NEAR-USD	+0.0100%	1h	4.3500	−1.561%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4175	−0.034%	$33.7M	$61.2M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4230	+0.091%	$53.3M	$46.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4194	+0.009%	$72.9M	$127.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3607	−1.318%	$8.8M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3652	−1.218%	$255K	$963K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4201	+0.025%	$284K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4225	+0.079%	$58K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4270	+0.181%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4200	+0.023%	$476K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4050	−0.317%	$3.6M	$8.3M	50x	as long as short
GRVT NEAR_USDT_Perp	+0.0102%	8h	4.3673	−1.169%	$1.4M	$1.5M	10x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4109	−0.183%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.4265	+0.170%	$206K	$40K	3x	as long as short
BingX NEAR-USDC	+0.0116%	8h	4.4190	0.000%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0133%	8h	4.4200	+0.023%	$83.9M	$146.5M	200x	as long as short
Binance NEARUSDT	+0.0137%	8h	4.4240	+0.113%	$268.9M	$1.09B	75x	as long as short
BloFin NEAR-USDT	+0.0253%	8h	4.4130	−0.136%	$13.3M	$32.6M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.4085	−0.238%	$2.3M	$16.3M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0201%	1h	4.4184	−0.015%	$236K	—	100x	as long as short
Kalshi KXNEARPERP	+0.0317%	8h	4.3987	−0.459%	$1.0M	$24.7M	2.2x	as long as short
Aster NEARUSDT	+0.0338%	8h	4.4200	+0.023%	$2.9M	$5.2M	50x	as long as short
Nado NEAR-PERP	+0.0387%	1h	4.4165	−0.057%	$1.7M	$3.2M	10x	as long as short
ApeX Omni NEARUSDT	+0.0417%	1h	4.3640	−1.245%	$167K	$796K	50x	as long as short
Extended NEAR-USD	+0.0464%	1h	4.4188	−0.005%	$3.7M	$19.3M	25x	as long as short
SoDEX NEAR-USD	+0.0508%	1h	4.4205	+0.034%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0677%	1h	4.4227	+0.084%	$363.8M	$311.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0693%	1h	4.4096	−0.213%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0712%	1h	4.4290	+0.226%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0716%	1h	4.4197	+0.016%	$7.4M	$39.1M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.4200	+0.023%	$229K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.4123	−0.151%	$404K	$1.4M	10x	as long as short
Lighter NEAR	+0.0912%	1h	4.4169	−0.049%	$17.3M	$25.3M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.3931	−0.586%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1104%	1h	4.4179	−0.025%	$1.5M	$7.5M	10x	as long as short
RISEx NEAR/USDCshort	+0.1220%	1h	4.4213	+0.053%	$708K	$1.3M	10x
Aftermath Perps NEARUSD	+0.1248%	1h	4.3733	−1.035%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.2919%	1h	4.4314	+0.281%	$2.0M	$12.0M	25x	as long as short