Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0826%/8h= +90.4% APRnext payment +$1.03 per $10,000 · paid last 24h +0.140%
Price spread now: RISEx against Polymarket Perps+0.051%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$230.226% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.406%+$41 on $10k
Price spread, last 7 days−0.015%−$1 · spread now +0.051%, 7d avg +0.010%
Together, before fees+0.391%+$39 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 0.040% dearer against Polymarket Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps NEAR-USD4.38500.0100pay 0.0013% / 1h7m 30s$243K$3.9M10x
ShortRISEx NEAR/USDC4.38720.0926get 0.0116% / 1h7m 30s$589K$1.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Polymarket Perps. 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

Funding earned
$173.39
Price spread: +0.051% → +0.010%
$4.02
Slippage, 4 orders
−$8.63
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee RISEx: 3 bp × 2 orders
−$6
Net
$154.78
Costs to cover
0.226%
Break-even
0.8 days
Slippage from Polymarket Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 1 min ago1.82 bp8.0 bp −$811.1 bp −$111doesn't fitdoesn't fit
Sell RISEx live order book, 1 min ago1.31 bp4.3 bp −$410.7 bp −$107doesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.3809−0.094%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0008%1h4.3801−0.112%$2.2M$15.6M50xas long as short
Kalshi KXNEARPERP0.0000%8h4.3973+0.281%$617K$22.3M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3838−0.027%$164K150xas long as short
dYdX NEAR-USD+0.0008%1h4.3837−0.029%$108K$69K10xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.564%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3810−0.091%$112K$514K50xas long as short
Pacifica NEAR+0.0100%1h4.3878+0.064%$417K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.3848−0.004%$270.2M$1.10B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3824−0.059%$220.6M$423.7M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.3830−0.046%$62.7M$295.8M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4054+0.466%$251K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3856+0.014%$31.9M$64.4M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3900+0.114%$75.3M$150.6M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3920+0.160%$54.7M$46.2M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3823−0.062%$72.0M$130.1M75xas long as short
BingX NEAR-USDT+0.0100%8h4.3860+0.023%$146.8Mas long as short
Variational Omni NEAR+0.0100%8h4.4067+0.495%$8.5M$18.1Mas long as short
edgeX NEARUSDC+0.0100%4h4.4083+0.530%$264K$962K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4010+0.366%$1.5M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4090+0.547%$170K$801K50xas long as short
Polymarket Perps NEAR-USDlong+0.0100%1h4.3850long leg$243K$3.9M10x
Orderly PERP_NEAR_USDC+0.0100%8h4.3853+0.007%$56K$227K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4050+0.456%$2K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3980+0.296%$455K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3840−0.023%$3.8M$8.4M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3848−0.005%$32K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.3855+0.011%$204K$40K3xas long as short
SoDEX NEAR-USD+0.0188%1h4.3820−0.068%$8K$52K10xas long as short
BloFin NEAR-USDT+0.0220%8h4.3910+0.137%$13.7M$32.5M75xas long as short
Aster NEARUSDT+0.0304%8h4.3849−0.003%$2.9M$5.5M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0320% / S −0.0190%1h4.3828−0.051%$233K100xas long as short
Backpack NEAR_USDC_PERP+0.0338%1h4.3822−0.064%$1.3M$6.4M20xas long as short
01 Exchange NEARUSD+0.0352%1h4.3834−0.036%$13K$7K10xas long as short
Hyperliquid NEAR+0.0389%1h4.3897+0.107%$361.9M$319.8M10xas long as short
Extended NEAR-USD+0.0480%1h4.3830−0.046%$3.9M$19.6M25xas long as short
Nado NEAR-PERP+0.0573%1h4.3794−0.128%$1.9M$3.1M10xas long as short
Arcus NEAR-USD+0.0581%1h4.3910+0.137%$217K$1.7M10xas long as short
Kraken Futures PF_NEARUSD+0.0593%1h4.3812−0.087%$7.9M$39.7M50xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0594%1h4.3860+0.023%$2.0M$7.3M25xas long as short
Lighter RH NEAR+0.0688%1h4.3916+0.151%$1.5M$7.2M10xas long as short
Phoenix NEAR+0.0794%1h4.4000+0.342%$1.8M$2.8M10xas long as short
RISEx NEAR/USDCshort+0.0926%1h4.3872+0.051%$589K$1.4M10x
Lighter NEAR+0.1032%1h4.3931+0.185%$17.7M$26.5M15xas long as short
Aftermath Perps NEARUSD+0.1604%1h4.4008+0.361%$5K$12K10xas long as short