Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0328%/8h= −36.0% APRpaid last 24h −0.133%

Price spread now: MEXC against RISEx−0.202%7-day average −0.036% · 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−$31as in the Price arb table

costs, in and out, $10k−$140.141% of the position

Long on RISEx Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.373%−$37 on $10k

Price spread, last 7 days+0.163%+$16 · spread now −0.202%, 7d avg −0.036%

Together, before fees−0.210%−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and MEXC is 0.165% cheaper against RISEx than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx NEAR/USDC	4.3147	0.0428	pay 0.0054% / 1h	48m 53s	$410K	$1.2M	10x
Short	MEXC NEAR_USDT	4.3060	0.0100	get 0.0100% / 8h	7h 48m	$79.9M	$138.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.202%Rate

Funding earned: −$68.96
Price spread: −0.202% → −0.036%: −$16.54
Slippage, 4 orders: −$8.12
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$99.62
Costs to cover: 0.141%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; MEXC: live order book, 10 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	2.89 bp	5.9 bp −$6	16.3 bp −$163	doesn't fit	doesn't fit
Sell MEXC live order book, 10 min ago	1.17 bp	1.2 bp −$1	1.9 bp −$19	15.1 bp −$1,506	61.5 bp −$30.7K

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
Phemex NEARUSDT	−0.0390%	8h	4.3130	−0.039%	$3.9M	$8.6M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3069	−0.180%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3162	+0.035%	$7.6M	$37.1M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3016	−0.304%	$2.3M	$13.0M	50x	as long as short
Bybit NEARUSDT	−0.0095%	8h	4.3015	−0.306%	$219.4M	$419.0M	75x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3123	−0.057%	$112K	$64K	10x	as long as short
01 Exchange NEARUSD	0.0000%	1h	4.3140	−0.016%	$13K	$7K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3058	−0.206%	$377K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3120	−0.063%	$204K	—	150x	as long as short
Variational Omni NEAR	+0.0014%	8h	4.2988	−0.368%	$7.9M	$18.6M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.026%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3130	−0.039%	$112K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3150	+0.007%	$57K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3034	−0.262%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3135	−0.027%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3072	−0.173%	$403K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3055	−0.212%	$255.6M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3040	−0.248%	$61.3M	$281.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3140	−0.016%	$198K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2646	−1.161%	$243K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3054	−0.216%	$31.0M	$58.6M	75x	as long as short
MEXC NEAR_USDTshort	+0.0100%	8h	4.3060	−0.202%	$79.9M	$138.7M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.3080	−0.155%	$56.4M	$43.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3038	−0.253%	$71.4M	$125.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3020	−0.294%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3062	−0.198%	$267K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3082	−0.151%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3000	−0.341%	$180K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3106	−0.095%	$193K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3190	+0.100%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3140	−0.016%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0102%	8h	4.3200	+0.123%	$460K	$3.6M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3026	−0.281%	$3.9M	$16.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3140	−0.016%	$201K	$28K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3080	−0.155%	$13.0M	$29.3M	75x	as long as short
Hyperliquid NEAR	+0.0333%	1h	4.3174	+0.062%	$368.2M	$300.0M	10x	as long as short
Lighter RH NEAR	+0.0368%	1h	4.3190	+0.100%	$1.6M	$6.8M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0377% / S −0.0313%	1h	4.3117	−0.068%	$276K	—	100x	as long as short
Nado NEAR-PERP	+0.0416%	1h	4.3080	−0.155%	$1.9M	$3.3M	10x	as long as short
RISEx NEAR/USDClong	+0.0428%	1h	4.3147	long leg	$410K	$1.2M	10x
Deribit NEAR_USDC-PERPETUAL	+0.0492%	1h	4.3172	+0.058%	$1.9M	$3.0M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0499%	1h	4.3177	+0.069%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3171	+0.056%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1236%	1h	4.3045	−0.237%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.2232%	1h	4.3263	+0.269%	$17.3M	$23.9M	15x	as long as short