Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0264%/8h= −28.9% APRpaid last 24h −0.139%

Price spread now: Binance against RISEx−0.098%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$220.215% of the position

Long on RISEx Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.373%−$37 on $10k

Price spread, last 7 days+0.052%+$5 · spread now −0.098%, 7d avg −0.029%

Together, before fees−0.321%−$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.069% cheaper against RISEx than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx NEAR/USDC	4.2131	0.0364	pay 0.0046% / 1h	13m 37s	$410K	$1.2M	10x
Short	Binance NEARUSDT	4.2090	0.0100	get 0.0100% / 8h	1h 13m	$242.0M	$1.06B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.098%Rate

Funding earned: −$55.46
Price spread: −0.098% → −0.029%: −$6.93
Slippage, 4 orders: −$5.52
Fee RISEx: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$83.9
Costs to cover: 0.215%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; Binance: live order book, 15 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, 5 min ago	1.22 bp	4.2 bp −$4	9.8 bp −$98	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	1.20 bp	6.2 bp −$6	10.6 bp −$106	24.1 bp −$2,413	87.2 bp −$43.6K

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	4.2123	−0.019%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.2129	−0.005%	$2.2M	$12.7M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−1.712%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2094	−0.089%	$109K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2119	−0.029%	$446K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2142	+0.025%	$209K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0048%	1h	4.2136	+0.012%	$7.7M	$36.2M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2160	+0.068%	$108K	$487K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2070	−0.146%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2167	+0.084%	$3.0M	$5.7M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.2094	−0.089%	$364K	$1.2M	10x	as long as short
Binance NEARUSDTshort	+0.0100%	8h	4.2090	−0.098%	$242.0M	$1.06B	75x
Bybit NEARUSDT	+0.0100%	8h	4.2074	−0.136%	$215.0M	$418.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2080	−0.122%	$58.5M	$276.0M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2100	−0.074%	$212K	$1.7M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2107	−0.057%	$30.0M	$58.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2100	−0.074%	$83.0M	$143.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2100	−0.074%	$55.3M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2092	−0.093%	$69.8M	$124.3M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2090	−0.098%	—	$136.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2040	−0.217%	$7.8M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2112	−0.045%	$246K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2084	−0.112%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2120	−0.027%	$176K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2184	+0.125%	$204K	$3.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2125	−0.015%	$56K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2200	+0.163%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2108	−0.055%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2130	−0.003%	$3.9M	$8.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2042	−0.212%	$240K	$2K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2090	−0.099%	$3.9M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2106	−0.060%	$203K	$62K	3x	as long as short
Lighter RH NEAR	+0.0120%	1h	4.2151	+0.047%	$1.5M	$7.0M	10x	as long as short
01 Exchange NEARUSD	+0.0128%	1h	4.2148	+0.040%	$12K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0154%	1h	4.2148	+0.040%	$1.9M	$2.2M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2130	−0.003%	$12.4M	$31.9M	75x	as long as short
RISEx NEAR/USDClong	+0.0364%	1h	4.2131	long leg	$410K	$1.2M	10x
GMX NEAR/USD [ETH-USDC]	L +0.0385% / S −0.0332%	1h	4.2134	+0.007%	$286K	—	100x	as long as short
Hyperliquid NEAR	+0.0483%	1h	4.2201	+0.166%	$358.1M	$294.3M	10x	as long as short
Nado NEAR-PERP	+0.0498%	1h	4.2146	+0.036%	$1.9M	$3.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0517%	1h	4.2159	+0.066%	$1.2M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0542%	1h	4.2164	+0.078%	$1.7M	$2.7M	10x	as long as short
Lighter NEAR	+0.0928%	1h	4.2197	+0.156%	$16.3M	$23.6M	15x	as long as short
HTX NEAR-USDT	+0.0939%	8h	4.2290	+0.377%	$453K	$3.5M	75x	as long as short
Aftermath Perps NEARUSD	+0.0984%	1h	4.2105	−0.062%	$5K	$11K	10x	as long as short