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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0869%/8h= +95.2% APRnext payment +$1.09 per $10,000 · paid last 24h +0.166%
Price spread now: RISEx against Popdex+0.055%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$290.289% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.456%+$46 on $10k
Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.055%, 7d avg +0.030%
Together, before fees+0.395%+$39 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and RISEx is 0.026% dearer against Popdex than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex NEARUSDT4.36900.0096pay 0.0012% / 1h49m 36s$106K$491K50x
ShortRISEx NEAR/USDC4.37140.0965get 0.0121% / 1h49m 36s$643K$1.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Popdex. 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
$182.56
Price spread: +0.055% → +0.030%
$2.56
Slippage, 4 orders
−$16.51
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee RISEx: 3 bp × 2 orders
−$6
Net
$156.2
Costs to cover
0.289%
Break-even
1.0 days
Slippage from Popdex: live order book, 54 min ago; RISEx: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Popdex live order book, 54 min ago3.34 bp10.3 bp −$1055.2 bp −$552doesn't fitdoesn't fit
Sell RISEx live order book, 4 min ago2.33 bp5.3 bp −$512.0 bp −$120doesn't fitdoesn't fit

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
Reya NEARRUSDPERP−0.0171%1h4.3598−0.210%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3692+0.004%$108K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3619−0.163%$163K150xas long as short
Kraken Futures PF_NEARUSD+0.0017%1h4.3658−0.073%$7.2M$38.3M50xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.219%$578$301K12xas long as short
Popdex NEARUSDTlong+0.0096%1h4.3690long leg$106K$491K50x
Bybit NEARUSDT+0.0100%8h4.3663−0.062%$220.5M$431.0M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3650−0.092%$61.4M$294.0M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3597−0.213%$248K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3696+0.014%$35.6M$61.7M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NEARUSDTM+0.0100%8h4.3720+0.069%$52.9M$45.9M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3686−0.009%$72.4M$128.1M75xas long as short
Variational Omni NEAR+0.0100%8h4.3467−0.512%$8.6M$18.7Mas long as short
edgeX NEARUSDC+0.0100%4h4.3475−0.491%$252K$899K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3486−0.466%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3500−0.435%$164K$804K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3632−0.133%$282K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3664−0.060%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.36900.000%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3665−0.057%$5K$53K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3680−0.023%$3.6M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.3691+0.002%$32K$58510xas long as short
HTX NEAR-USDT+0.0103%8h4.3740+0.114%$456K$3.8M75xas long as short
Extended NEAR-USD+0.0104%1h4.3693+0.007%$3.6M$17.5M25xas long as short
Aevo NEAR-PERP+0.0136%1h4.3678−0.027%$203K$38K3xas long as short
BingX NEAR-USDT+0.0204%8h4.3680−0.023%$145.0Mas long as short
Kalshi KXNEARPERP+0.0206%8h4.3490−0.458%$956K$25.2M2.2xas long as short
MEXC NEAR_USDT+0.0215%8h4.36900.000%$80.6M$149.0M200xas long as short
Binance NEARUSDT+0.0217%8h4.36900.000%$265.4M$1.09B75xas long as short
Aster NEARUSDT+0.0233%8h4.3700+0.023%$2.8M$4.8M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0315% / S −0.0202%1h4.3615−0.171%$234K100xas long as short
BloFin NEAR-USDT+0.0335%8h4.3510−0.412%$13.4M$32.1M75xas long as short
Nado NEAR-PERP+0.0368%1h4.3631−0.136%$1.7M$3.2M10xas long as short
01 Exchange NEARUSD+0.0376%1h4.3718+0.064%$13K$7K10xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3591−0.227%$2.3M$16.9M50xas long as short
Hyperliquid NEAR+0.0522%1h4.3742+0.119%$354.3M$315.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0535%1h4.3698+0.018%$1.2M$7.0M20xas long as short
Arcus NEAR-USD+0.0638%1h4.3710+0.046%$230K$1.6M10xas long as short
Lighter RH NEAR+0.0712%1h4.3744+0.124%$1.5M$6.6M10xas long as short
Lighter NEAR+0.0896%1h4.3764+0.170%$17.3M$24.9M15xas long as short
Pacifica NEAR+0.0949%1h4.3704+0.033%$412K$1.5M10xas long as short
Phoenix NEAR+0.0949%1h4.3382−0.705%$1.8M$2.4M10xas long as short
RISEx NEAR/USDCshort+0.0965%1h4.3714+0.055%$643K$1.4M10x
Deribit NEAR_USDC-PERPETUAL+0.1010%1h4.3693+0.007%$1.9M$13.0M25xas long as short
Aftermath Perps NEARUSD+0.1289%1h4.3401−0.662%$5K$10K10xas long as short