Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0942%/8h= +103.2% APRpaid last 24h +0.110%

Price spread now: RISEx against BloFin+0.321%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$1as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on BloFin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.276%+$28 on $10k

Price spread, last 4 days (all we have)−0.499%−$50 · spread now +0.321%, 7d avg +0.042%

Together, before fees−0.223%−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and RISEx is 0.278% dearer against BloFin than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.042%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.276% in total (about 28.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin NEAR-USDT	4.3290	0.0220	pay 0.0220% / 8h	3h 38m	$13.6M	$32.2M	75x
Short	RISEx NEAR/USDC	4.3429	0.1162	get 0.0145% / 1h	38m 13s	$658K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against BloFin. 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 BloFinbpFee RISExbpOrdersPrice spread, now +0.321%Rate

Funding earned: $197.87
Price spread: +0.321% → +0.042%: $27.83
Slippage, 4 orders: −$10.37
Fee BloFin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $197.33
Costs to cover: 0.284%
Break-even: 0.0 days

Slippage from BloFin: live order book, 6 min ago; RISEx: live order book, 1 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 BloFin live order book, 6 min ago	3.46 bp	9.5 bp −$9	11.9 bp −$119	30.9 bp −$3,093	78.5 bp −$39.3K
Sell RISEx live order book, 1 min ago	1.73 bp	4.7 bp −$5	13.0 bp −$130	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	4.3428	+0.319%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3347	+0.132%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3418	+0.296%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.343%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3491	+0.464%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3410	+0.277%	$109K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3500	+0.485%	$266.9M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3440	+0.347%	$216.0M	$428.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3440	+0.347%	$61.8M	$292.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3400	+0.254%	$247K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3427	+0.316%	$32.0M	$61.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3470	+0.416%	$73.1M	$144.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3480	+0.439%	$54.0M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3452	+0.374%	$71.4M	$128.8M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3440	+0.347%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3167	−0.283%	$8.3M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3214	−0.177%	$253K	$947K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3296	+0.014%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3400	+0.254%	$167K	$799K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3441	+0.349%	$271K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3474	+0.425%	$58K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3530	+0.554%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3520	+0.531%	$472K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3460	+0.393%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3362	+0.167%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3495	+0.474%	$202K	$37K	3x	as long as short
BloFin NEAR-USDTlong	+0.0220%	8h	4.3290	long leg	$13.6M	$32.2M	75x
Kalshi KXNEARPERP	+0.0234%	8h	4.3368	+0.180%	$759K	$23.3M	2.2x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3353	+0.146%	$407K	$1.3M	10x	as long as short
Aster NEARUSDT	+0.0317%	8h	4.3443	+0.354%	$2.9M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0195%	1h	4.3418	+0.297%	$232K	—	100x	as long as short
SoDEX NEAR-USD	+0.0399%	1h	4.3455	+0.381%	$8K	$49K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0515%	1h	4.3279	−0.025%	$1.4M	$6.7M	20x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3440	+0.347%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0605%	1h	4.3375	+0.196%	$1.8M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3440	+0.347%	$213K	$1.6M	10x	as long as short
Hyperliquid NEAR	+0.0640%	1h	4.3451	+0.372%	$356.3M	$317.5M	10x	as long as short
Extended NEAR-USD	+0.0696%	1h	4.3442	+0.350%	$3.8M	$19.9M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0709%	1h	4.3472	+0.421%	$7.6M	$39.3M	50x	as long as short
Lighter RH NEAR	+0.0848%	1h	4.3526	+0.545%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3371	+0.187%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1112%	1h	4.3529	+0.552%	$17.5M	$24.9M	15x	as long as short
RISEx NEAR/USDCshort	+0.1162%	1h	4.3429	+0.321%	$658K	$1.4M	10x
Deribit NEAR_USDC-PERPETUAL	+0.1223%	1h	4.3501	+0.487%	$1.9M	$8.9M	25x	as long as short
Aftermath Perps NEARUSD	+0.1555%	1h	4.3373	+0.193%	$5K	$13K	10x	as long as short