Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0824%/8h= +90.3% APRpaid last 24h +0.133%

Price spread now: RISEx against KuCoin+0.081%7-day average +0.017% · 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−$35as in the Price arb table

costs, in and out, $10k−$420.416% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.385%+$38 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.081%, 7d avg +0.017%

Together, before fees+0.351%+$35 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 0.065% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.5110	0.0100	pay 0.0100% / 8h	5h 23m	$56.5M	$44.6M	75x
Short	RISEx NEAR/USDC	4.5147	0.0924	get 0.0116% / 1h	23m 37s	$544K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against KuCoin. 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 KuCoinbpFee RISExbpOrdersPrice spread, now +0.081%Rate

Funding earned: $173.14
Price spread: +0.081% → +0.017%: $6.47
Slippage, 4 orders: −$23.58
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $138.04
Costs to cover: 0.416%
Break-even: 1.4 days

Slippage from KuCoin: 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 KuCoin live order book, 5 min ago	3.38 bp	12.3 bp −$12	29.2 bp −$292	103.4 bp −$10.3K	doesn't fit
Sell RISEx live order book, 5 min ago	2.66 bp	5.7 bp −$6	16.3 bp −$163	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	4.5028	−0.183%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.5086	−0.053%	$2.2M	$15.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5060	−0.110%	$111K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5008	−0.226%	$663K	$20.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.5089	−0.047%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.202%	$578	$302K	12x	as long as short
Phemex NEARUSDT	+0.0090%	8h	4.5190	+0.177%	$4.0M	$8.1M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4910	−0.443%	$117K	$492K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.5096	−0.030%	$426K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5150	+0.088%	$274.9M	$1.09B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.5170	+0.133%	$227.6M	$421.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.5170	+0.133%	$64.5M	$301.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4902	−0.461%	$256K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5128	+0.040%	$32.6M	$63.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5170	+0.133%	$78.5M	$144.3M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.5110	long leg	$56.5M	$44.6M	75x
Bitget NEARUSDT	+0.0100%	8h	4.5126	+0.035%	$74.2M	$127.8M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.5120	+0.022%	—	$145.8M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4586	−1.162%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4330	−1.729%	$266K	$985K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4439	−1.487%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4320	−1.751%	$173K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4979	−0.290%	$223K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5116	+0.013%	$62K	$204K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5210	+0.222%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5155	+0.100%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5330	+0.488%	$472K	$4.0M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.5153	+0.095%	$33K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5173	+0.141%	$3.9M	$18.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5161	+0.113%	$210K	$34K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4950	−0.355%	$13.9M	$32.8M	75x	as long as short
Aster NEARUSDT	+0.0265%	8h	4.5158	+0.107%	$3.1M	$5.4M	50x	as long as short
01 Exchange NEARUSD	+0.0352%	1h	4.4953	−0.348%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0355% / S −0.0246%	1h	4.5097	−0.028%	$265K	—	100x	as long as short
Nado NEAR-PERP	+0.0357%	1h	4.5030	−0.177%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.5180	+0.155%	$220K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0570%	1h	4.5264	+0.341%	$1.4M	$6.6M	20x	as long as short
Hyperliquid NEAR	+0.0676%	1h	4.5092	−0.040%	$375.8M	$310.4M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0681%	1h	4.5208	+0.218%	$8.4M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0688%	1h	4.5179	+0.153%	$1.7M	$7.0M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0725%	1h	4.5155	+0.100%	$2.0M	$4.4M	25x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4889	−0.490%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDCshort	+0.0924%	1h	4.5147	+0.081%	$544K	$1.3M	10x
Lighter NEAR	+0.1272%	1h	4.5168	+0.128%	$18.1M	$26.1M	15x	as long as short
Aftermath Perps NEARUSD	+0.1543%	1h	4.4542	−1.260%	$6K	$12K	10x	as long as short