Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1062%/8h= −116.3% APRpaid last 24h −0.146%

Price spread now: GRVT against RISEx−0.037%7-day average −0.037% · 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−$27as in the Price arb table

costs, in and out, $10k−$260.265% of the position

Long on RISEx Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.408%−$41 on $10k

Price spread, last 7 days+0.008%+$1 · spread now −0.037%, 7d avg −0.037%

Together, before fees−0.400%+ Points / potential airdropGRVT: Active · farm board−$40 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: −$32 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	4.3536	0.1162	pay 0.0145% / 1h	48m 50s	$595K	$1.4M	10x
Short	GRVT NEAR_USDT_Perp	4.3520	0.0100	get 0.0100% / 8h	3h 48m	$1.4M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$223.07
Price spread: −0.037% → −0.037%: −$0.04
Slippage, 4 orders: −$11.48
Fee RISEx: 3 bp × 2 orders: −$6
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$249.6
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; GRVT: 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, 5 min ago	1.89 bp	4.9 bp −$5	15.8 bp −$158	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	1.15 bp	5.8 bp −$6	23.2 bp −$232	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	4.3554	+0.040%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3453	−0.192%	$107K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3484	−0.120%	$581K	$22.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3559	+0.051%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.884%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3605	+0.158%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3500	−0.083%	$107K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3630	+0.214%	$268.3M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3594	+0.133%	$219.3M	$424.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3600	+0.147%	$62.1M	$292.7M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk NEAR-USD	+0.0100%	1h	4.3771	+0.540%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3589	+0.121%	$31.9M	$60.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3620	+0.192%	$74.0M	$143.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3620	+0.192%	$54.3M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3591	+0.126%	$71.5M	$128.9M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3600	+0.147%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3497	−0.089%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3582	+0.106%	$255K	$948K	20x	as long as short
GRVT NEAR_USDT_Perpshort	+0.0100%	8h	4.3520	−0.037%	$1.4M	$1.5M	10x
ApeX Omni NEARUSDT	+0.0100%	1h	4.3560	+0.055%	$167K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3552	+0.036%	$245K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3594	+0.133%	$56K	$245K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3650	+0.261%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3540	+0.009%	$455K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3610	+0.169%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3452	−0.193%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3597	+0.140%	$203K	$40K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3570	+0.078%	$13.8M	$32.3M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3493	−0.099%	$413K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0309%	8h	4.3573	+0.084%	$2.9M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0319% / S −0.0191%	1h	4.3555	+0.042%	$231K	—	100x	as long as short
SoDEX NEAR-USD	+0.0411%	1h	4.3575	+0.089%	$8K	$52K	10x	as long as short
01 Exchange NEARUSD	+0.0504%	1h	4.3528	−0.019%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0525%	1h	4.3579	+0.098%	$1.4M	$6.5M	20x	as long as short
Hyperliquid NEAR	+0.0590%	1h	4.3594	+0.133%	$358.9M	$318.6M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3530	−0.014%	$214K	$1.6M	10x	as long as short
Extended NEAR-USD	+0.0648%	1h	4.3578	+0.097%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0700%	1h	4.3514	−0.050%	$1.9M	$3.1M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0707%	1h	4.3581	+0.103%	$7.7M	$39.7M	50x	as long as short
Lighter RH NEAR	+0.0880%	1h	4.3632	+0.220%	$1.5M	$7.3M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3617	+0.186%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDClong	+0.1162%	1h	4.3536	long leg	$595K	$1.4M	10x
Lighter NEAR	+0.1224%	1h	4.3659	+0.283%	$17.6M	$24.8M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1288%	1h	4.3631	+0.218%	$1.9M	$8.2M	25x	as long as short
Aftermath Perps NEARUSD	+0.1627%	1h	4.3604	+0.155%	$5K	$12K	10x	as long as short