Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.1159%/8h= −126.9% APRpaid last 24h −0.158%

Price spread now: edgeX against RISEx−0.052%7-day average −0.039% · 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−$36as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on RISEx Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.437%−$44 on $10k

Price spread, last 7 days−0.033%−$3 · spread now −0.052%, 7d avg −0.039%

Together, before fees−0.471%+ Points / potential airdropedgeX: Active · farm board−$47 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: −$35 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	4.4771	0.1259	pay 0.0157% / 1h	45m 24s	$678K	$1.4M	10x
Short	edgeX NEARUSDC	4.4748	0.0100	get 0.0050% / 4h	1h 45m	$261K	$966K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$243.41
Price spread: −0.052% → −0.039%: −$1.31
Slippage, 4 orders: −$19.26
Fee RISEx: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$278.98
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; edgeX: live order book, 53 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, 3 min ago	1.64 bp	4.6 bp −$5	13.5 bp −$135	doesn't fit	doesn't fit
Sell edgeX live order book, 53 min ago	6.99 bp	11.9 bp −$12	26.2 bp −$262	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	4.4778	+0.015%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4636	−0.303%	$110K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4768	−0.006%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.507%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4740	−0.069%	$110K	$496K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4788	+0.038%	$230.5M	$428.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4760	−0.025%	$63.2M	$300.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4366	−0.904%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4703	−0.152%	$34.9M	$60.0M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4790	+0.042%	$53.5M	$45.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4763	−0.018%	$74.1M	$126.5M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4687	−0.187%	$9.0M	$18.5M	—	as long as short
edgeX NEARUSDCshort	+0.0100%	4h	4.4748	−0.052%	$261K	$966K	20x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4791	+0.044%	$283K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4700	−0.159%	$58K	$233K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4750	−0.047%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4770	−0.002%	$467K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4660	−0.248%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0107%	8h	4.4700	−0.160%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0123%	8h	4.4756	−0.034%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0127%	1h	4.4730	−0.092%	$168K	$804K	50x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4720	−0.114%	$208K	$40K	3x	as long as short
BingX NEAR-USDC	+0.0167%	8h	4.4790	+0.042%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0181%	8h	4.4800	+0.065%	$85.8M	$145.1M	200x	as long as short
Binance NEARUSDT	+0.0182%	8h	4.4807	+0.080%	$272.0M	$1.09B	75x	as long as short
SoDEX NEAR-USD	+0.0217%	1h	4.4705	−0.148%	$5K	$52K	10x	as long as short
Kalshi KXNEARPERP	+0.0300%	8h	4.4687	−0.188%	$1.1M	$24.9M	2.2x	as long as short
BloFin NEAR-USDT	+0.0301%	8h	4.4780	+0.020%	$13.5M	$33.0M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0316% / S −0.0201%	1h	4.4764	−0.016%	$240K	—	100x	as long as short
Aster NEARUSDT	+0.0338%	8h	4.4780	+0.019%	$2.9M	$5.0M	50x	as long as short
Extended NEAR-USD	+0.0352%	1h	4.4720	−0.114%	$3.7M	$18.9M	25x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4735	−0.081%	$2.3M	$16.4M	50x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.4774	+0.006%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0539%	1h	4.4740	−0.069%	$1.8M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0590%	1h	4.4705	−0.148%	$1.3M	$6.5M	20x	as long as short
Hyperliquid NEAR	+0.0634%	1h	4.4808	+0.082%	$368.5M	$309.0M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0653%	1h	4.4667	−0.232%	$7.4M	$38.3M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0848%	1h	4.4688	−0.186%	$1.9M	$12.3M	25x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4780	+0.020%	$227K	$1.6M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.5001	+0.514%	$1.9M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1040%	1h	4.4753	−0.040%	$1.5M	$6.6M	10x	as long as short
Lighter NEAR	+0.1056%	1h	4.4726	−0.101%	$17.5M	$24.7M	15x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4682	−0.199%	$412K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1213%	1h	4.4680	−0.203%	$6K	$12K	10x	as long as short
RISEx NEAR/USDClong	+0.1259%	1h	4.4771	long leg	$678K	$1.4M	10x