Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0409%/8h= −44.8% APRpaid last 24h −0.003%

Price spread now: HTX against RISEx−0.022%7-day average +0.204% · 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−$87as in the Price arb table

costs, in and out, $10k−$640.639% of the position

Long on RISEx Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.213%+$21 · spread now −0.022%, 7d avg +0.204%

Together, before fees+0.210%+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and HTX is 0.226% cheaper against RISEx than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.204%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.003% in total (about -0.4% 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	RISEx NEAR/USDC	4.3860	0.0509	pay 0.0064% / 1h	14m 49s	$554K	$1.3M	10x
Short	HTX NEAR-USDT	4.3850	0.0100	get 0.0100% / 8h	6h 14m	$453K	$3.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against RISEx. 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 RISExbpFee HTXbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$85.83
Price spread: −0.022% → +0.204%: −$22.62
Slippage, 4 orders: −$45.9
Fee RISEx: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$172.35
Costs to cover: 0.639%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; HTX: live order book, 4 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 RISEx live order book, 4 min ago	1.63 bp	4.6 bp −$5	13.0 bp −$130	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	13.48 bp	22.2 bp −$22	87.2 bp −$872	doesn't fit	doesn't fit

NEAR on 44 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	4.3857	−0.006%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3882	+0.051%	$2.2M	$14.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3762	−0.224%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3803	−0.130%	$591K	$20.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3840	−0.045%	$194K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.586%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0088%	8h	4.3887	+0.062%	$8.5M	$18.5M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3820	−0.091%	$112K	$495K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3815	−0.103%	$412K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3723	−0.312%	$265.4M	$1.08B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.3734	−0.287%	$221.5M	$421.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3710	−0.342%	$62.2M	$290.1M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3890	+0.069%	$209K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3850	−0.022%	$250K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3713	−0.335%	$31.5M	$62.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3740	−0.273%	$75.0M	$143.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3730	−0.296%	$53.7M	$43.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3723	−0.312%	$71.9M	$126.3M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3710	−0.342%	—	$143.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4564	+1.605%	$281K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4520	+1.505%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4540	+1.551%	$183K	$765K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3888	+0.064%	$210K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3836	−0.054%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3900	+0.092%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3835	−0.057%	$5K	$51K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.3850	−0.022%	$453K	$3.9M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3750	−0.250%	$3.9M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3783	−0.176%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3739	−0.275%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3855	−0.011%	$204K	$34K	3x	as long as short
Aster NEARUSDT	+0.0176%	8h	4.3696	−0.374%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0216%	1h	4.3835	−0.057%	$8.0M	$40.8M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0343%	1h	4.3862	+0.005%	$1.9M	$4.2M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0347% / S −0.0242%	1h	4.3833	−0.060%	$255K	—	100x	as long as short
Nado NEAR-PERP	+0.0407%	1h	4.3860	0.000%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0416%	1h	4.3859	−0.002%	$13K	$7K	10x	as long as short
RISEx NEAR/USDClong	+0.0509%	1h	4.3860	long leg	$554K	$1.3M	10x
Phoenix NEAR	+0.0592%	1h	4.4150	+0.662%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0784%	1h	4.3778	−0.187%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0898%	1h	4.3799	−0.139%	$368.9M	$309.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0912%	1h	4.3715	−0.330%	$1.5M	$6.3M	20x	as long as short
Aftermath Perps NEARUSD	+0.1638%	1h	4.4124	+0.601%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1760%	1h	4.3886	+0.059%	$17.6M	$25.7M	15x	as long as short