Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0638%/8h= −69.8% APRnext payment $0.80 per $10,000 · paid last 24h −0.148%
Price spread now: SoDEX against RISEx−0.027%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and SoDEX is 0.027% cheaper against RISEx than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx NEAR/USDC4.27670.1220pay 0.0153% / 1h47m 25s$685K$1.3M10x
ShortSoDEX NEAR-USD4.27550.0583get 0.0073% / 1h47m 25s$6K$53K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
−$133.89
Price spread: −0.027% → 0.000%
−$2.72
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$150.62
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: RISEx: live order book, 1 min ago; SoDEX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 1 min ago2.13 bp5.1 bp −$511.6 bp −$116doesn't fitdoesn't fit
Sell SoDEX no order-book sample
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.2719−0.112%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.2717−0.115%$105K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.2719−0.112%$160K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.172%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.2750−0.039%$111K$500K50xas long as short
Binance NEARUSDT+0.0100%8h4.2785+0.044%$260.9M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.2744−0.053%$212.3M$423.1M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2760−0.016%$60.2M$284.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.2835+0.161%$244K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.2725−0.097%$32.0M$59.6M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC NEAR_USDT+0.0100%8h4.2780+0.031%$70.3M$142.5M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2780+0.031%$52.9M$45.7M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2748−0.044%$70.7M$127.6M75xas long as short
BingX NEAR-USDC+0.0100%8h4.2750−0.039%$6.7Mas long as short
Variational Omni NEAR+0.0100%8h4.2828+0.142%$8.2M$18.0Mas long as short
edgeX NEARUSDC+0.0100%4h4.2870+0.242%$250K$950K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2882+0.271%$1.4M$1.5M10xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2758−0.020%$263K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.2775+0.020%$56K$243K20xas long as short
SunX NEAR-USDT+0.0100%8h4.2910+0.335%$2K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.2840+0.172%$459K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.2790+0.055%$3.6M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.2735−0.074%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.2765−0.004%$199K$37K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.2900+0.312%$13.4M$31.7M75xas long as short
Coinbase International NEAR-PERP-INTX+0.0256%1h4.2768+0.003%$2.3M$15.8M50xas long as short
Kalshi KXNEARPERP+0.0271%8h4.2802+0.083%$834K$24.5M2.2xas long as short
Nado NEAR-PERP+0.0314%1h4.2741−0.061%$1.7M$3.2M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0320% / S −0.0195%1h4.2716−0.118%$229K100xas long as short
Aster NEARUSDT+0.0337%8h4.2760−0.016%$2.8M$5.4M50xas long as short
ApeX Omni NEARUSDT+0.0347%1h4.2880+0.265%$165K$794K50xas long as short
Extended NEAR-USD+0.0504%1h4.2719−0.111%$3.7M$19.9M25xas long as short
SoDEX NEAR-USDshort+0.0583%1h4.2755−0.027%$6K$53K10x
Backpack NEAR_USDC_PERP+0.0657%1h4.2787+0.048%$1.3M$6.8M20xas long as short
Hyperliquid NEAR+0.0666%1h4.2771+0.010%$349.5M$311.4M10xas long as short
01 Exchange NEARUSD+0.0728%1h4.2818+0.120%$13K$7K10xas long as short
Kraken Futures PF_NEARUSD+0.0739%1h4.2769+0.005%$7.5M$38.7M50xas long as short
Lighter NEAR+0.0768%1h4.2799+0.075%$16.7M$25.0M15xas long as short
Arcus NEAR-USD+0.0814%1h4.2790+0.055%$210K$1.6M10xas long as short
Pacifica NEAR+0.0847%1h4.2755−0.027%$391K$1.3M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0990%1h4.2795+0.066%$1.9M$10.8M25xas long as short
Lighter RH NEAR+0.1008%1h4.2807+0.094%$1.5M$7.3M10xas long as short
Phoenix NEAR+0.1033%1h4.2961+0.454%$1.8M$2.5M10xas long as short
RISEx NEAR/USDClong+0.1220%1h4.2767long leg$685K$1.3M10x
Aftermath Perps NEARUSD+0.1471%1h4.2799+0.075%$5K$12K10xas long as short