Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0304%/8h= +33.3% APRpaid last 24h +0.121%

Price spread now: RISEx against Aster−0.054%7-day average −0.009% · 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−$34as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on Aster Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.364%+$36 on $10k

Price spread, last 7 days−0.090%−$9 · spread now −0.054%, 7d avg −0.009%

Together, before fees+0.274%+ Points / potential airdropAster: Stage 5 · farm board+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.045% cheaper against Aster than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of −0.009%). If the spread goes back, that is −$4 on $10k: about 12 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NEARUSDT	4.2554	0.0100	pay 0.0100% / 8h	14m 12s	$3.0M	$5.7M	50x
Short	RISEx NEAR/USDC	4.2531	0.0404	get 0.0051% / 1h	14m 12s	$417K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Aster. 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 AsterbpFee RISExbpOrdersPrice spread, now −0.054%Rate

Funding earned: $63.88
Price spread: −0.054% → −0.009%: −$4.47
Slippage, 4 orders: −$15.75
Fee Aster: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $29.66
Costs to cover: 0.297%
Break-even: 3.7 days

Slippage from Aster: live order book, 5 min ago; RISEx: live order book, 5 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 Aster live order book, 5 min ago	3.50 bp	8.4 bp −$8	16.9 bp −$169	doesn't fit	doesn't fit
Sell RISEx live order book, 5 min ago	3.27 bp	6.3 bp −$6	14.4 bp −$144	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	4.2462	−0.217%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2495	−0.139%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2530	−0.056%	$110K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2676	+0.287%	$363K	$18.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2526	−0.066%	$202K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.689%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0047%	8h	4.2759	+0.481%	$7.9M	$18.5M	—	as long as short
Bybit NEARUSDT	+0.0050%	8h	4.2503	−0.120%	$216.4M	$422.5M	75x	as long as short
01 Exchange NEARUSD	+0.0072%	1h	4.2503	−0.120%	$12K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2490	−0.151%	$109K	$496K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2540	−0.033%	$56K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2535	−0.046%	$31K	$647	10x	as long as short
Aster NEARUSDTlong	+0.0100%	8h	4.2554	long leg	$3.0M	$5.7M	50x
Pacifica NEAR	+0.0100%	1h	4.2532	−0.052%	$398K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2540	−0.033%	$251.9M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2530	−0.057%	$60.4M	$285.0M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2510	−0.104%	$195K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2950	+0.930%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2521	−0.078%	$30.4M	$60.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2520	−0.080%	$77.5M	$142.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2540	−0.033%	$55.5M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2530	−0.057%	$70.6M	$126.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2520	−0.080%	—	$140.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2754	+0.469%	$244K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2783	+0.538%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2750	+0.460%	$179K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2502	−0.122%	$196K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2550	−0.010%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2515	−0.092%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2530	−0.057%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2516	−0.090%	$3.9M	$16.2M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2525	−0.068%	$201K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0119%	1h	4.2549	−0.011%	$7.6M	$37.6M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0126%	1h	4.2561	+0.016%	$1.9M	$2.5M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2680	+0.296%	$13.0M	$29.3M	75x	as long as short
Lighter RH NEAR	+0.0320%	1h	4.2596	+0.099%	$1.5M	$7.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0314%	1h	4.2519	−0.082%	$273K	—	100x	as long as short
RISEx NEAR/USDCshort	+0.0404%	1h	4.2531	−0.054%	$417K	$1.2M	10x
Backpack NEAR_USDC_PERP	+0.0442%	1h	4.2575	+0.049%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2892	+0.794%	$1.8M	$2.7M	10x	as long as short
Hyperliquid NEAR	+0.0671%	1h	4.2591	+0.087%	$363.5M	$300.6M	10x	as long as short
Nado NEAR-PERP	+0.0688%	1h	4.2485	−0.162%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0777%	8h	4.2570	+0.037%	$456K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1139%	1h	4.2737	+0.429%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1688%	1h	4.2635	+0.189%	$16.5M	$24.1M	15x	as long as short