Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0833%/8h= −91.3% APRpaid last 24h −0.141%

Price spread now: Aster against RISEx+0.015%7-day average +0.003% · 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−$31as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on RISEx Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.394%−$39 on $10k

Price spread, last 7 days−0.003%$0 · spread now +0.015%, 7d avg +0.003%

Together, before fees−0.396%+ Points / potential airdropAster: Stage 5 · farm board−$40 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: −$25 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx NEAR/USDC	4.3604	0.1162	pay 0.0145% / 1h	29m 54s	$688K	$1.3M	10x
Short	Aster NEARUSDT	4.3610	0.0329	get 0.0329% / 8h	3h 29m	$2.9M	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against RISEx. 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 RISExbpFee AsterbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$175.02
Price spread: +0.015% → +0.003%: $1.21
Slippage, 4 orders: −$18.28
Fee RISEx: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$206.09
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; Aster: live order book, 4 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 RISEx live order book, 4 min ago	2.42 bp	5.4 bp −$5	11.4 bp −$114	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	4.61 bp	10.7 bp −$11	18.8 bp −$188	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	4.3587	−0.038%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3518	−0.196%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3567	−0.083%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.031%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3654	+0.116%	$2.4M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3580	−0.054%	$110K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3620	+0.038%	$267.4M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3560	−0.100%	$215.9M	$428.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3550	−0.123%	$61.8M	$293.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3412	−0.439%	$247K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3562	−0.095%	$32.2M	$61.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3610	+0.015%	$73.4M	$145.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3610	+0.015%	$54.0M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3562	−0.095%	$71.6M	$129.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3580	−0.054%	—	$146.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3637	+0.078%	$8.4M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3421	−0.418%	$254K	$950K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3441	−0.372%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3390	−0.490%	$167K	$798K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3617	+0.031%	$280K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3617	+0.031%	$58K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3670	+0.152%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3720	+0.267%	$474K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3600	−0.008%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3505	−0.226%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3606	+0.005%	$203K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3710	+0.244%	$13.6M	$32.5M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3565	−0.089%	$409K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0265%	8h	4.3593	−0.024%	$785K	$23.3M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0322% / S −0.0197%	1h	4.3571	−0.075%	$233K	—	100x	as long as short
Aster NEARUSDTshort	+0.0329%	8h	4.3610	+0.015%	$2.9M	$5.5M	50x
SoDEX NEAR-USD	+0.0391%	1h	4.3575	−0.065%	$8K	$49K	10x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3621	+0.040%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0533%	1h	4.3630	+0.061%	$1.3M	$6.7M	20x	as long as short
Nado NEAR-PERP	+0.0568%	1h	4.3585	−0.043%	$1.8M	$3.2M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3600	−0.008%	$213K	$1.6M	10x	as long as short
Hyperliquid NEAR	+0.0640%	1h	4.3624	+0.047%	$357.7M	$317.7M	10x	as long as short
Extended NEAR-USD	+0.0656%	1h	4.3552	−0.118%	$3.8M	$20.0M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0707%	1h	4.3589	−0.033%	$7.7M	$39.4M	50x	as long as short
Lighter RH NEAR	+0.0872%	1h	4.3654	+0.116%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3543	−0.139%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1152%	1h	4.3645	+0.095%	$17.6M	$25.0M	15x	as long as short
RISEx NEAR/USDClong	+0.1162%	1h	4.3604	long leg	$688K	$1.3M	10x
Deribit NEAR_USDC-PERPETUAL	+0.1288%	1h	4.3631	+0.063%	$1.9M	$9.0M	25x	as long as short
Aftermath Perps NEARUSD	+0.1547%	1h	4.3488	−0.266%	$5K	$12K	10x	as long as short