Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0704%/8h= −77.1% APRpaid last 24h −0.097%

Price spread now: BloFin against RISEx−0.475%7-day average −0.035% · 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−$80as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on RISEx Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.253%−$25 on $10k

Price spread, last 4 days (all we have)+1.041%+$104 · spread now −0.475%, 7d avg −0.035%

Together, before fees+0.789%+$79 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and BloFin is 0.440% cheaper against RISEx than usual: you would sell low and buy high (−$44 if the spread goes back to its 7-day average of −0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx NEAR/USDC	4.4371	0.0924	pay 0.0116% / 1h	29m 44s	$559K	$1.3M	10x
Short	BloFin NEAR-USDT	4.4160	0.0220	get 0.0220% / 8h	5h 29m	$13.6M	$31.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.475%Rate

Funding earned: −$147.94
Price spread: −0.475% → −0.035%: −$44.01
Slippage, 4 orders: −$17.56
Fee RISEx: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$227.51
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; BloFin: 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	1.89 bp	4.9 bp −$5	12.1 bp −$121	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	6.75 bp	13.0 bp −$13	18.6 bp −$186	41.9 bp −$4,186	151.8 bp −$75.9K

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	4.4318	−0.119%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4314	−0.128%	$2.2M	$14.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4232	−0.313%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4224	−0.331%	$638K	$19.6M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.4379	+0.018%	$1.9M	$4.4M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4277	−0.213%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.673%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4370	−0.002%	$116K	$490K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4242	−0.291%	$418K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4332	−0.087%	$269.1M	$1.08B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.4390	+0.043%	$223.2M	$419.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4330	−0.092%	$63.6M	$294.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	+0.112%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4358	−0.029%	$32.1M	$62.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4370	−0.002%	$76.3M	$142.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4390	+0.043%	$55.6M	$44.3M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4331	−0.090%	$73.0M	$127.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4390	+0.043%	—	$145.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4186	−0.417%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4477	+0.240%	$267K	$989K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4540	+0.382%	$1.5M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4357	−0.031%	$216K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4309	−0.140%	$60K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4330	−0.092%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4325	−0.103%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4300	−0.160%	$461K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4340	−0.070%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4201	−0.384%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4364	−0.015%	$3.8M	$18.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4325	−0.103%	$206K	$34K	3x	as long as short
ApeX Omni NEARUSDT	+0.0186%	1h	4.4450	+0.178%	$172K	$793K	50x	as long as short
BloFin NEAR-USDTshort	+0.0220%	8h	4.4160	−0.475%	$13.6M	$31.2M	75x
Aster NEARUSDT	+0.0238%	8h	4.4386	+0.033%	$3.0M	$5.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0245%	1h	4.4324	−0.106%	$261K	—	100x	as long as short
Nado NEAR-PERP	+0.0390%	1h	4.4350	−0.047%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.4335	−0.081%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4350	−0.047%	$211K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0576%	1h	4.4447	+0.172%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0695%	1h	4.4324	−0.105%	$8.2M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0720%	1h	4.4400	+0.066%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0746%	1h	4.4383	+0.027%	$369.7M	$309.0M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4463	+0.208%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDClong	+0.0924%	1h	4.4371	long leg	$559K	$1.3M	10x
Lighter NEAR	+0.1288%	1h	4.4397	+0.059%	$17.8M	$25.9M	15x	as long as short
Aftermath Perps NEARUSD	+0.1688%	1h	4.4254	−0.264%	$6K	$12K	10x	as long as short