Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0824%/8h= +90.3% APRpaid last 24h +0.144%

Price spread now: RISEx against Variational Omni+0.354%7-day average +0.025% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.388%+$39 on $10k

Price spread, last 7 days−0.257%−$26 · spread now +0.354%, 7d avg +0.025%

Together, before fees+0.131%+ Points / potential airdropVariational Omni: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and RISEx is 0.329% dearer against Variational Omni than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NEAR	4.3517	0.0100	pay 0.0100% / 8h	5h 58m	$8.4M	$18.3M	—
Short	RISEx NEAR/USDC	4.3671	0.0924	get 0.0116% / 1h	58m 56s	$551K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Variational Omni. 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 Variational OmnibpFee RISExbpOrdersPrice spread, now +0.354%Rate

Funding earned: $173.14
Price spread: +0.354% → +0.025%: $32.95
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $200.09
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, just now; RISEx: live order book, 5 min ago. Net counts fees only.

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 Variational Omni RFQ quote, just now	3.85 bp	doesn't fit	11.8 bp −$118	36.9 bp −$3,692	doesn't fit
Sell RISEx live order book, 5 min ago	2.30 bp	5.3 bp −$5	11.7 bp −$117	doesn't fit	doesn't fit

NEAR on 44 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	4.3599	+0.187%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3453	−0.148%	$2.2M	$14.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3708	+0.438%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3634	+0.268%	$555K	$19.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3614	+0.223%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.843%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3640	+0.282%	$114K	$489K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3701	+0.423%	$413K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3660	+0.328%	$264.8M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3645	+0.293%	$219.8M	$416.8M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3630	+0.259%	$62.0M	$288.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3670	+0.351%	$208K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3555	+0.087%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3590	+0.167%	$31.4M	$61.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3670	+0.351%	$75.7M	$139.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3660	+0.328%	$53.9M	$43.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3685	+0.385%	$71.7M	$126.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3630	+0.259%	—	$6.6M	—	as long as short
Variational Omni NEARlong	+0.0100%	8h	4.3517	long leg	$8.4M	$18.3M	—
edgeX NEARUSDC	+0.0100%	4h	4.3545	+0.063%	$269K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3541	+0.053%	$1.4M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3520	+0.006%	$194K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3652	+0.309%	$204K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3627	+0.252%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3680	+0.374%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3605	+0.201%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3700	+0.420%	$456K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3570	+0.121%	$3.8M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3612	+0.217%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3669	+0.348%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3620	+0.236%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0177%	8h	4.3655	+0.316%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0243%	1h	4.3608	+0.209%	$255K	—	100x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3662	+0.332%	$13K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0415%	1h	4.3638	+0.277%	$1.9M	$4.3M	25x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3584	+0.153%	$1.8M	$2.5M	10x	as long as short
Hyperliquid NEAR	+0.0621%	1h	4.3655	+0.316%	$367.5M	$306.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0677%	1h	4.3625	+0.247%	$1.5M	$6.3M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0706%	1h	4.3624	+0.246%	$8.2M	$41.1M	50x	as long as short
Nado NEAR-PERP	+0.0716%	1h	4.3616	+0.227%	$1.9M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0840%	1h	4.3625	+0.247%	$1.6M	$6.9M	10x	as long as short
RISEx NEAR/USDCshort	+0.0924%	1h	4.3671	+0.354%	$551K	$1.3M	10x
Lighter NEAR	+0.1376%	1h	4.3643	+0.288%	$17.4M	$25.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1709%	1h	4.3682	+0.378%	$5K	$12K	10x	as long as short