Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0556%/8h= +60.9% APRpaid last 24h +0.170%
Price spread now: RISEx against Orderly−0.094%7-day average +0.029% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.458%+$46 on $10k
Price spread, last 4 days (all we have)−0.789%−$79 · spread now −0.094%, 7d avg +0.029%
Together, before fees−0.331%−$33 on $10k · with fees, hour by hour
Funding pays, the price is against you. RISEx is 0.124% cheaper against Orderly than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of +0.029%). If the spread goes back, that is −$12 on $10k: about 18 hours of funding at the current rate (+$17 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_NEAR_USDC4.38350.0100pay 0.0100% / 8h7h 41m$58K$235K20x
ShortRISEx NEAR/USDC4.37940.0656get 0.0082% / 1h41m 47s$592K$1.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Orderly. 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

Funding earned
$116.79
Price spread: −0.094% → +0.029%
−$12.39
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee RISEx: 3 bp × 2 orders
−$6
Net
$92.4
Costs to cover
0.120%
Break-even
1.5 days
Slippage unknown: Orderly: no order-book sample; RISEx: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell RISEx live order book, 2 min ago1.48 bp4.5 bp −$49.8 bp −$98doesn't fitdoesn't fit
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NEARUSD−0.0431%1h4.3818−0.039%$7.2M$38.7M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.3761−0.170%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3778−0.130%$107K$67K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3817−0.041%$164K150xas long as short
Phemex NEARUSDT+0.0017%8h4.3830−0.011%$3.5M$8.2M50xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.532%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3790−0.103%$119K$506K50xas long as short
Aster NEARUSDT+0.0100%8h4.3737−0.224%$2.7M$4.8M50xas long as short
Bybit NEARUSDT+0.0100%8h4.3724−0.253%$221.4M$431.3M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3730−0.240%$61.7M$297.5M50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus NEAR-USD+0.0100%1h4.3810−0.057%$220K$1.5M10xas long as short
Bulk NEAR-USD+0.0100%1h4.3750−0.194%$252K$3K10xas long as short
Gate NEAR_USDT+0.0100%8h4.3742−0.212%$36.4M$61.9M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3750−0.194%$52.6M$45.9M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3720−0.262%$72.1M$128.2M75xas long as short
Variational Omni NEAR+0.0100%8h4.4208+0.850%$9.1M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.4085+0.570%$256K$896K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4040+0.469%$1.5M$1.6M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4050+0.490%$166K$828K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3788−0.107%$273K$4.1M10xas long as short
Orderly PERP_NEAR_USDClong+0.0100%8h4.3835long leg$58K$235K20x
SunX NEAR-USDT+0.0100%8h4.3890+0.125%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3830−0.011%$5K$50K10xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.3804−0.070%$32K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3714−0.276%$3.6M$15.9M25xas long as short
Aevo NEAR-PERP+0.0112%1h4.3845+0.022%$204K$40K3xas long as short
Binance NEARUSDT+0.0116%8h4.3750−0.194%$263.7M$1.09B75xas long as short
MEXC NEAR_USDT+0.0118%8h4.3750−0.194%$91.2M$155.9M200xas long as short
BingX NEAR-USDT+0.0122%8h4.3740−0.217%$83.8Mas long as short
Kalshi KXNEARPERP+0.0149%8h4.3859+0.055%$875K$25.4M2.2xas long as short
Hyperliquid NEAR+0.0187%1h4.3785−0.114%$353.8M$318.8M10xas long as short
BloFin NEAR-USDT+0.0238%8h4.3820−0.034%$12.4M$32.5M75xas long as short
Nado NEAR-PERP+0.0276%1h4.3795−0.091%$1.7M$3.2M10xas long as short
01 Exchange NEARUSD+0.0312%1h4.3828−0.016%$13K$7K10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0350% / S −0.0253%1h4.3818−0.039%$257K100xas long as short
HTX NEAR-USDT+0.0356%8h4.3930+0.217%$465K$3.8M75xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3852+0.039%$2.3M$17.2M50xas long as short
Lighter RH NEAR+0.0512%1h4.3837+0.005%$1.5M$6.4M10xas long as short
Lighter NEAR+0.0520%1h4.3836+0.003%$17.3M$23.9M15xas long as short
Backpack NEAR_USDC_PERP+0.0553%1h4.3798−0.084%$1.1M$7.2M20xas long as short
RISEx NEAR/USDCshort+0.0656%1h4.3794−0.094%$592K$1.5M10x
Pacifica NEAR+0.0701%1h4.3814−0.047%$413K$1.4M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0708%1h4.3863+0.064%$1.9M$13.1M25xas long as short
Phoenix NEAR+0.0740%1h4.4222+0.883%$1.8M$2.4M10xas long as short
Aftermath Perps NEARUSD+0.1066%1h4.3880+0.103%$5K$7K10xas long as short