Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0544%/8h= −59.6% APRpaid last 24h −0.165%

Price spread now: BingX against RISEx+0.036%7-day average — · 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−$34as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on RISEx Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. BingX is 0.036% dearer against RISEx than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx NEAR/USDC	4.3714	0.0656	pay 0.0082% / 1h	31m 33s	$591K	$1.5M	10x
Short	BingX NEAR-USDC	4.3730	0.0112	get 0.0112% / 8h	7h 31m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$114.27
Price spread: +0.036% → 0.000%: $3.58
Slippage, 4 orders: −$21.45
Fee RISEx: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$148.14
Costs to cover: 0.374%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; BingX: live order book, 5 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, 2 min ago	2.74 bp	5.7 bp −$6	14.8 bp −$148	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	1.14 bp	14.9 bp −$15	32.2 bp −$322	66.1 bp −$6,613	473.2 bp −$236.6K

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
Kraken Futures PF_NEARUSD	−0.0432%	1h	4.3667	−0.109%	$7.2M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3683	−0.071%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3703	−0.027%	$107K	$65K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3639	−0.172%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.271%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3710	−0.010%	$119K	$503K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3724	+0.022%	$2.7M	$4.8M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3722	+0.017%	$263.6M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3706	−0.019%	$220.1M	$427.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3680	−0.079%	$61.7M	$294.8M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.3750	+0.082%	$222K	$1.5M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3741	+0.061%	$36.6M	$62.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3750	+0.082%	$90.5M	$157.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3770	+0.127%	$52.5M	$45.3M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3684	−0.069%	$72.1M	$127.5M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3708	−0.015%	$9.0M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3563	−0.346%	$253K	$895K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3640	−0.169%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3550	−0.376%	$164K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3703	−0.026%	$273K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3699	−0.035%	$56K	$239K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3750	+0.082%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3670	−0.102%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3730	+0.036%	$3.5M	$8.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3708	−0.014%	$252K	$3K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3749	+0.079%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3744	+0.067%	$3.6M	$15.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3694	−0.047%	$203K	$40K	3x	as long as short
BingX NEAR-USDCshort	+0.0112%	8h	4.3730	+0.036%	—	$6.7M	—
Kalshi KXNEARPERP	+0.0142%	8h	4.3673	−0.095%	$865K	$25.4M	2.2x	as long as short
BloFin NEAR-USDT	+0.0221%	8h	4.3610	−0.239%	$12.6M	$32.3M	75x	as long as short
Hyperliquid NEAR	+0.0236%	1h	4.3744	+0.068%	$353.5M	$316.3M	10x	as long as short
Nado NEAR-PERP	+0.0263%	1h	4.3730	+0.036%	$1.7M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0320%	1h	4.3766	+0.118%	$13K	$6K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0256%	1h	4.3628	−0.197%	$256K	—	100x	as long as short
HTX NEAR-USDT	+0.0402%	8h	4.3820	+0.242%	$463K	$3.7M	75x	as long as short
Lighter NEAR	+0.0432%	1h	4.3798	+0.190%	$17.3M	$23.9M	15x	as long as short
Lighter RH NEAR	+0.0472%	1h	4.3809	+0.216%	$1.5M	$6.4M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3649	−0.150%	$2.3M	$17.1M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0515%	1h	4.3782	+0.155%	$1.1M	$7.1M	20x	as long as short
RISEx NEAR/USDClong	+0.0656%	1h	4.3714	long leg	$591K	$1.5M	10x
Pacifica NEAR	+0.0701%	1h	4.3750	+0.082%	$412K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.3734	+0.045%	$1.8M	$2.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0941%	1h	4.3720	+0.013%	$1.9M	$13.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1067%	1h	4.3695	−0.045%	$5K	$7K	10x	as long as short