Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0304%/8h= +33.3% APRpaid last 24h +0.135%

Price spread now: RISEx against BingX−0.004%7-day average +0.042% · 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−$39as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on BingX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.378%+$38 on $10k

Price spread, last 7 days+0.049%+$5 · spread now −0.004%, 7d avg +0.042%

Together, before fees+0.428%+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.046% cheaper against BingX than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.042%). If the spread goes back, that is −$5 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	BingX NEAR-USDC	4.2690	0.0100	pay 0.0100% / 8h	13m 12s	—	$6.6M	—
Short	RISEx NEAR/USDC	4.2688	0.0404	get 0.0051% / 1h	13m 12s	$418K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against BingX. 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 BingXbpFee RISExbpOrdersPrice spread, now −0.004%Rate

Funding earned: $63.88
Price spread: −0.004% → +0.042%: −$4.59
Slippage, 4 orders: −$18.27
Fee BingX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $25.01
Costs to cover: 0.343%
Break-even: 4.3 days

Slippage from BingX: live order book, 9 min ago; RISEx: live order book, 6 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 BingX live order book, 9 min ago	1.17 bp	9.3 bp −$9	22.8 bp −$228	59.0 bp −$5,898	345.4 bp −$172.7K
Sell RISEx live order book, 6 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	4.2711	+0.049%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2745	+0.129%	$2.2M	$13.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2663	−0.064%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2667	−0.054%	$366K	$18.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2778	+0.205%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.998%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0047%	8h	4.2759	+0.161%	$7.9M	$18.5M	—	as long as short
Bybit NEARUSDT	+0.0052%	8h	4.2710	+0.047%	$217.6M	$422.6M	75x	as long as short
01 Exchange NEARUSD	+0.0072%	1h	4.2685	−0.012%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2690	0.000%	$109K	$495K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2666	−0.055%	$31K	$647	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2788	+0.230%	$57K	$194K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2734	+0.103%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2675	−0.034%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2690	−0.001%	$252.8M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2690	0.000%	$60.7M	$286.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2680	−0.023%	$195K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2950	+0.609%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2722	+0.075%	$30.9M	$60.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2730	+0.094%	$78.1M	$142.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2780	+0.211%	$55.8M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2697	+0.016%	$70.8M	$126.2M	75x	as long as short
BingX NEAR-USDClong	+0.0100%	8h	4.2690	long leg	—	$6.6M	—
edgeX NEARUSDC	+0.0100%	4h	4.2693	+0.007%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2783	+0.217%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2690	0.000%	$178K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2731	+0.096%	$196K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2780	+0.211%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2755	+0.152%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2710	+0.047%	$3.8M	$8.5M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2723	+0.078%	$3.9M	$16.2M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2770	+0.187%	$202K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.2790	+0.234%	$7.6M	$37.6M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2710	+0.047%	$13.1M	$29.3M	75x	as long as short
Lighter RH NEAR	+0.0320%	1h	4.2823	+0.312%	$1.6M	$7.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0314%	1h	4.2765	+0.176%	$274K	—	100x	as long as short
RISEx NEAR/USDCshort	+0.0404%	1h	4.2688	−0.004%	$418K	$1.2M	10x
Backpack NEAR_USDC_PERP	+0.0446%	1h	4.2770	+0.187%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2892	+0.473%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0475%	1h	4.2815	+0.293%	$1.9M	$2.5M	25x	as long as short
Hyperliquid NEAR	+0.0669%	1h	4.2760	+0.164%	$364.8M	$301.3M	10x	as long as short
Nado NEAR-PERP	+0.0674%	1h	4.2710	+0.048%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0774%	8h	4.2790	+0.234%	$457K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1115%	1h	4.2758	+0.160%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1696%	1h	4.2877	+0.438%	$16.6M	$24.2M	15x	as long as short