Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1120%/8h= −122.7% APRpaid last 24h −0.152%

Price spread now: Gate against RISEx−0.071%7-day average −0.046% · 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−$40as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on RISEx Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.410%−$41 on $10k

Price spread, last 7 days+0.037%+$4 · spread now −0.071%, 7d avg −0.046%

Together, before fees−0.373%−$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Gate is 0.025% cheaper against RISEx than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx NEAR/USDC	4.2802	0.1220	pay 0.0153% / 1h	51m 44s	$676K	$1.3M	10x
Short	Gate NEAR_USDT	4.2772	0.0100	get 0.0100% / 8h	2h 51m	$31.9M	$59.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.071%Rate

Funding earned: −$235.22
Price spread: −0.071% → −0.046%: −$2.46
Slippage, 4 orders: −$16.91
Fee RISEx: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$275.59
Costs to cover: 0.379%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; Gate: live order book, 2 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	1.15 bp	4.1 bp −$4	10.3 bp −$103	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.70 bp	15.7 bp −$16	19.3 bp −$193	39.5 bp −$3,950	58.8 bp −$29.4K

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	4.2824	+0.051%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2812	+0.023%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2823	+0.048%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.253%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2860	+0.135%	$111K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2830	+0.065%	$261.2M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2780	−0.052%	$212.2M	$426.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2780	−0.052%	$60.4M	$285.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2835	+0.077%	$244K	−$0	10x	as long as short
Gate NEAR_USDTshort	+0.0100%	8h	4.2772	−0.071%	$31.9M	$59.5M	75x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.2820	+0.041%	$70.6M	$142.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2820	+0.041%	$53.0M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2760	−0.099%	$70.7M	$127.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2770	−0.076%	—	$144.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2828	+0.059%	$8.1M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2849	+0.108%	$250K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2790	−0.029%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2866	+0.149%	$273K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2893	+0.212%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2940	+0.322%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2910	+0.251%	$459K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2890	+0.205%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2772	−0.070%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2871	+0.159%	$199K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2850	+0.111%	$13.4M	$31.6M	75x	as long as short
Nado NEAR-PERP	+0.0228%	1h	4.2850	+0.111%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2865	+0.146%	$2.3M	$15.8M	50x	as long as short
Kalshi KXNEARPERP	+0.0271%	8h	4.2855	+0.123%	$828K	$24.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0195%	1h	4.2802	0.000%	$230K	—	100x	as long as short
Aster NEARUSDT	+0.0335%	8h	4.2820	+0.041%	$2.8M	$5.5M	50x	as long as short
Extended NEAR-USD	+0.0512%	1h	4.2788	−0.033%	$3.7M	$19.9M	25x	as long as short
ApeX Omni NEARUSDT	+0.0512%	1h	4.2830	+0.065%	$165K	$793K	50x	as long as short
SoDEX NEAR-USD	+0.0631%	1h	4.2875	+0.170%	$6K	$53K	10x	as long as short
Hyperliquid NEAR	+0.0652%	1h	4.2887	+0.198%	$350.2M	$311.1M	10x	as long as short
Lighter NEAR	+0.0656%	1h	4.2840	+0.087%	$16.8M	$25.0M	15x	as long as short
01 Exchange NEARUSD	+0.0664%	1h	4.2937	+0.315%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0686%	1h	4.2907	+0.244%	$1.3M	$6.8M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0738%	1h	4.2876	+0.172%	$7.6M	$38.8M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2820	+0.041%	$210K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2828	+0.059%	$393K	$1.3M	10x	as long as short
Lighter RH NEAR	+0.0864%	1h	4.2902	+0.233%	$1.5M	$7.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1010%	1h	4.2911	+0.254%	$1.9M	$10.6M	25x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2873	+0.165%	$1.8M	$2.5M	10x	as long as short
RISEx NEAR/USDClong	+0.1220%	1h	4.2802	long leg	$676K	$1.3M	10x
Aftermath Perps NEARUSD	+0.1468%	1h	4.2880	+0.181%	$5K	$12K	10x	as long as short