Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0469%/8h= +51.3% APRpaid last 24h +0.174%

Price spread now: RISEx against Gate+0.124%7-day average +0.045% · 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−$32as in the Price arb table

costs, in and out, $10k−$400.397% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.466%+$47 on $10k

Price spread, last 7 days−0.088%−$9 · spread now +0.124%, 7d avg +0.045%

Together, before fees+0.377%+$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and RISEx is 0.079% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.4875	0.0100	pay 0.0100% / 8h	6h 10m	$39.7M	$63.6M	75x
Short	RISEx NEAR/USDC	4.4931	0.0569	get 0.0071% / 1h	10m 38s	$641K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Gate. 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 GatebpFee RISExbpOrdersPrice spread, now +0.124%Rate

Funding earned: $98.39
Price spread: +0.124% → +0.045%: $7.89
Slippage, 4 orders: −$18.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: $66.58
Costs to cover: 0.397%
Break-even: 2.3 days

Slippage from Gate: live order book, 1 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 Gate live order book, 1 min ago	2.12 bp	13.8 bp −$14	20.3 bp −$203	40.7 bp −$4,072	56.9 bp −$28.5K
Sell RISEx live order book, 1 min ago	2.76 bp	5.8 bp −$6	12.2 bp −$122	doesn't fit	doesn't fit

NEAR on 45 exchanges

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	4.4825	−0.111%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0141%	1h	4.4802	−0.162%	$7.4M	$37.9M	50x	as long as short
dYdX NEAR-USD	+0.0002%	1h	4.4806	−0.155%	$110K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4816	−0.131%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.721%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4870	−0.011%	$123K	$522K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4844	−0.068%	$2.6M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4892	+0.038%	$273.1M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4892	+0.038%	$232.7M	$433.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4880	+0.011%	$64.1M	$308.9M	50x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.4940	+0.145%	$227K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5102	+0.506%	$269K	$12K	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.4875	long leg	$39.7M	$63.6M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.4910	+0.078%	$76.9M	$172.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4840	−0.078%	$53.2M	$45.3M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4880	+0.011%	$74.4M	$130.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4890	+0.033%	—	$77.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5025	+0.335%	$9.0M	$17.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5135	+0.579%	$267K	$871K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4976	+0.224%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4960	+0.189%	$167K	$827K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4882	+0.016%	$281K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4840	−0.078%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4910	+0.078%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4845	−0.067%	$5K	$40K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4910	+0.078%	$466K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4850	−0.056%	$3.4M	$7.9M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.4872	−0.006%	$32K	$51	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4896	+0.046%	$3.7M	$15.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4815	−0.133%	$208K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0104%	8h	4.4855	−0.045%	$799K	$26.3M	2.2x	as long as short
01 Exchange NEARUSD	+0.0168%	1h	4.4870	−0.011%	$13K	$5K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4870	−0.011%	$12.9M	$32.8M	75x	as long as short
Hyperliquid NEAR	+0.0272%	1h	4.4857	−0.040%	$361.9M	$324.8M	10x	as long as short
Lighter NEAR	+0.0296%	1h	4.4877	+0.004%	$17.5M	$23.9M	15x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0341% / S −0.0235%	1h	4.4810	−0.146%	$258K	—	100x	as long as short
Nado NEAR-PERP	+0.0414%	1h	4.4860	−0.033%	$1.7M	$3.1M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0520%	1h	4.4856	−0.042%	$2.3M	$17.7M	50x	as long as short
RISEx NEAR/USDCshort	+0.0569%	1h	4.4931	+0.124%	$641K	$1.6M	10x
Lighter RH NEAR	+0.0640%	1h	4.4895	+0.045%	$1.6M	$6.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0642%	1h	4.4861	−0.031%	$1.9M	$13.1M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0702%	1h	4.4829	−0.103%	$1.1M	$7.0M	20x	as long as short
Phoenix NEAR	+0.0851%	1h	4.5150	+0.613%	$1.7M	$2.5M	10x	as long as short
Pacifica NEAR	+0.0883%	1h	4.4866	−0.020%	$416K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1186%	1h	4.5034	+0.355%	$6K	$7K	10x	as long as short