Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0469%/8h= −51.3% APRpaid last 24h −0.176%

Price spread now: Bybit against RISEx−0.080%7-day average −0.060% · 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−$29as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on RISEx Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.464%−$46 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.080%, 7d avg −0.060%

Together, before fees−0.445%−$44 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.060%, so right now this pair is about funding alone: −$14 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	4.5326	0.0569	pay 0.0071% / 1h	59m 21s	$646K	$1.6M	10x
Short	Bybit NEARUSDT	4.5290	0.0100	get 0.0100% / 8h	6h 59m	$235.9M	$434.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$98.39
Price spread: −0.080% → −0.060%: −$1.99
Slippage, 4 orders: −$9.85
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$127.23
Costs to cover: 0.269%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; Bybit: 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, 4 min ago	2.70 bp	5.7 bp −$6	12.7 bp −$127	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.10 bp	7.9 bp −$8	14.1 bp −$141	41.3 bp −$4,131	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	4.5367	+0.089%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0140%	1h	4.5261	−0.143%	$7.4M	$38.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5396	+0.155%	$111K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5437	+0.245%	$170K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.640%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5450	+0.273%	$120K	$522K	50x	as long as short
Hyperliquid NEAR	+0.0100%	1h	4.5424	+0.216%	$369.3M	$320.9M	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5320	−0.013%	$2.7M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5340	+0.031%	$275.4M	$1.09B	75x	as long as short
Bybit NEARUSDTshort	+0.0100%	8h	4.5290	−0.080%	$235.9M	$434.0M	75x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5250	−0.168%	$64.6M	$309.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.5450	+0.273%	$237K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5050	−0.609%	$260K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5291	−0.077%	$39.0M	$61.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5320	−0.013%	$84.2M	$161.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5370	+0.097%	$53.9M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5225	−0.223%	$74.7M	$128.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.5300	−0.058%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5317	−0.021%	$9.4M	$17.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5428	+0.224%	$268K	$901K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5362	+0.079%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5390	+0.141%	$169K	$826K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5430	+0.229%	$283K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5278	−0.106%	$59K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5360	+0.075%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5275	−0.113%	$5K	$49K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5250	−0.168%	$3.5M	$8.0M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5252	−0.163%	$3.8M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5290	−0.080%	$211K	$38K	3x	as long as short
Paradex NEAR-USD-PERP	+0.0109%	8h	4.5475	+0.328%	$33K	$413	10x	as long as short
Kalshi KXNEARPERP	+0.0128%	8h	4.5435	+0.240%	$907K	$25.4M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5440	+0.251%	$12.8M	$33.5M	75x	as long as short
HTX NEAR-USDT	+0.0251%	8h	4.5290	−0.080%	$479K	$3.8M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0347% / S −0.0242%	1h	4.5333	+0.014%	$265K	—	100x	as long as short
01 Exchange NEARUSD	+0.0440%	1h	4.5465	+0.306%	$13K	$5K	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0520%	1h	4.5344	+0.039%	$2.4M	$17.8M	50x	as long as short
Lighter RH NEAR	+0.0568%	1h	4.5524	+0.437%	$1.6M	$5.9M	10x	as long as short
RISEx NEAR/USDClong	+0.0569%	1h	4.5326	long leg	$646K	$1.6M	10x
Lighter NEAR	+0.0584%	1h	4.5518	+0.422%	$17.9M	$23.3M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.0657%	1h	4.5514	+0.415%	$1.1M	$7.2M	20x	as long as short
Nado NEAR-PERP	+0.0676%	1h	4.5425	+0.218%	$1.7M	$3.2M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.5494	+0.370%	$429K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.5602	+0.609%	$1.7M	$2.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0833%	1h	4.5300	−0.058%	$2.0M	$13.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1248%	1h	4.5370	+0.096%	$6K	$7K	10x	as long as short