Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0409%/8h= +44.8% APRpaid last 24h +0.133%

Price spread now: RISEx against MEXC−0.051%7-day average +0.036% · 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−$25as in the Price arb table

costs, in and out, $10k−$160.164% of the position

Long on MEXC Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.373%+$37 on $10k

Price spread, last 7 days+0.090%+$9 · spread now −0.051%, 7d avg +0.036%

Together, before fees+0.463%+$46 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.087% cheaper against MEXC than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of +0.036%). If the spread goes back, that is −$9 on $10k: about 17 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.3220	0.0100	pay 0.0100% / 8h	6h 58m	$75.6M	$135.7M	200x
Short	RISEx NEAR/USDC	4.3198	0.0509	get 0.0064% / 1h	58m 54s	$414K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against MEXC. 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 MEXCbpFee RISExbpOrdersPrice spread, now −0.051%Rate

Funding earned: $85.83
Price spread: −0.051% → +0.036%: −$8.71
Slippage, 4 orders: −$10.41
Fee MEXC: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $60.71
Costs to cover: 0.164%
Break-even: 2.0 days

Slippage from MEXC: 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 MEXC live order book, 5 min ago	1.16 bp	1.2 bp −$1	5.7 bp −$57	86.0 bp −$8,602	114.8 bp −$57.4K
Sell RISEx live order book, 5 min ago	2.89 bp	5.9 bp −$6	18.8 bp −$188	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	4.3175	−0.105%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3214	−0.014%	$2.2M	$13.3M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3077	−0.331%	$380K	$18.8M	2.2x	as long as short
dYdX NEAR-USD	+0.0003%	1h	4.3096	−0.286%	$112K	$64K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3209	−0.026%	$157K	—	150x	as long as short
Variational Omni NEAR	+0.0016%	8h	4.2957	−0.607%	$8.2M	$18.8M	—	as long as short
Phemex NEARUSDT	+0.0025%	8h	4.3250	+0.069%	$3.8M	$8.4M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.188%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3190	−0.069%	$115K	$474K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3271	+0.118%	$57K	$162K	20x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.3237	+0.040%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3174	−0.107%	$406K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3260	+0.093%	$258.3M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3218	−0.005%	$220.1M	$416.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3190	−0.069%	$61.0M	$277.3M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3170	−0.116%	$205K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3243	+0.052%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3253	+0.076%	$31.0M	$59.6M	75x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.3220	long leg	$75.6M	$135.7M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.3240	+0.046%	$55.8M	$42.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3206	−0.032%	$71.4M	$122.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3270	+0.116%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3202	−0.042%	$257K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2940	−0.648%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3200	−0.046%	$177K	$777K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3206	−0.032%	$209K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3290	+0.162%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3225	+0.012%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3260	+0.093%	$451K	$3.7M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3113	−0.248%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3176	−0.101%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3228	+0.019%	$201K	$31K	3x	as long as short
01 Exchange NEARUSD	+0.0192%	1h	4.3209	−0.025%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0219%	1h	4.3277	+0.132%	$7.9M	$37.9M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3260	+0.093%	$13.2M	$27.7M	75x	as long as short
Lighter RH NEAR	+0.0320%	1h	4.3289	+0.160%	$1.6M	$6.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0308%	1h	4.3210	−0.024%	$276K	—	100x	as long as short
Nado NEAR-PERP	+0.0420%	1h	4.3180	−0.093%	$1.9M	$3.1M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3191	−0.067%	$1.8M	$2.5M	10x	as long as short
RISEx NEAR/USDCshort	+0.0509%	1h	4.3198	−0.051%	$414K	$1.2M	10x
Deribit NEAR_USDC-PERPETUAL	+0.0768%	1h	4.3271	+0.118%	$1.9M	$3.9M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.1066%	1h	4.3324	+0.241%	$1.3M	$5.9M	20x	as long as short
Hyperliquid NEAR	+0.1226%	1h	4.3339	+0.275%	$367.1M	$302.2M	10x	as long as short
Aftermath Perps NEARUSD	+0.1466%	1h	4.3204	−0.036%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1784%	1h	4.3343	+0.284%	$17.3M	$24.3M	15x	as long as short