Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0305%/8h= +33.3% APRpaid last 24h +0.135%

Price spread now: RISEx against Paradex−0.216%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. RISEx is 0.216% cheaper against Paradex than usual: you would sell low and buy high (spread −0.216% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 2.4 days of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex NEAR-USD-PERP	4.2803	0.0100	pay 0.0100% / 8h	15m 53s	$31K	$647	10x
Short	RISEx NEAR/USDC	4.2711	0.0404	get 0.0051% / 1h	15m 53s	$418K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Paradex. 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 ParadexbpFee RISExbpOrdersPrice spread, now −0.216%Rate

Funding earned: $63.95
Price spread: −0.216% → 0.000%: −$21.57
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee RISEx: 3 bp × 2 orders: −$6
Net: $32.38
Costs to cover: 0.100%
Break-even: 3.5 days

Slippage unknown: Paradex: no order-book sample; RISEx: live order book, 3 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell RISEx live order book, 3 min ago	3.27 bp	6.3 bp −$6	14.4 bp −$144	doesn't fit	doesn't fit

Paradex: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya NEARRUSDPERP	−0.0171%	1h	4.2668	−0.317%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2781	−0.052%	$2.2M	$13.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2759	−0.105%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2837	+0.078%	$340K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2682	−0.283%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.255%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0047%	8h	4.2759	−0.104%	$7.9M	$18.5M	—	as long as short
Bybit NEARUSDT	+0.0053%	8h	4.2693	−0.258%	$217.6M	$422.4M	75x	as long as short
01 Exchange NEARUSD	+0.0080%	1h	4.2694	−0.256%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2680	−0.288%	$109K	$495K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex NEAR-USD-PERPlong	+0.0100%	8h	4.2803	long leg	$31K	$647	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2697	−0.249%	$57K	$194K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2740	−0.148%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2782	−0.049%	$401K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2751	−0.123%	$253.1M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2720	−0.195%	$60.7M	$286.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2720	−0.195%	$196K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2950	+0.342%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2708	−0.223%	$30.6M	$60.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2750	−0.125%	$77.7M	$142.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2770	−0.078%	$55.8M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2736	−0.158%	$71.0M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2750	−0.125%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2911	+0.250%	$245K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2797	−0.016%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2940	+0.319%	$179K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2702	−0.237%	$200K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2730	−0.172%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2690	−0.265%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2700	−0.242%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2728	−0.176%	$3.9M	$16.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2680	−0.288%	$201K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2726	−0.182%	$7.6M	$37.6M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0195%	1h	4.2718	−0.200%	$1.9M	$2.5M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2800	−0.008%	$13.0M	$29.4M	75x	as long as short
Lighter RH NEAR	+0.0328%	1h	4.2757	−0.108%	$1.5M	$7.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0314%	1h	4.2691	−0.262%	$274K	—	100x	as long as short
RISEx NEAR/USDCshort	+0.0404%	1h	4.2711	−0.216%	$418K	$1.2M	10x
Backpack NEAR_USDC_PERP	+0.0454%	1h	4.2742	−0.144%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2892	+0.207%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0668%	1h	4.2647	−0.365%	$1.9M	$3.4M	10x	as long as short
Hyperliquid NEAR	+0.0695%	1h	4.2765	−0.090%	$366.1M	$299.9M	10x	as long as short
HTX NEAR-USDT	+0.0785%	8h	4.2760	−0.101%	$458K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1148%	1h	4.2776	−0.065%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1688%	1h	4.2814	+0.024%	$16.6M	$24.1M	15x	as long as short