Funding arb · Price arb /

NEAR

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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: Orderly against RISEx−0.316%7-day average −0.036% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.381%−$38 on $10k

Price spread, last 3 days (all we have)+0.336%+$34 · spread now −0.316%, 7d avg −0.036%

Together, before fees−0.045%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Orderly is 0.280% cheaper against RISEx than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx NEAR/USDC	4.3824	0.0924	pay 0.0116% / 1h	49m 42s	$552K	$1.3M	10x
Short	Orderly PERP_NEAR_USDC	4.3685	0.0100	get 0.0100% / 8h	5h 49m	$60K	$190K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.316%Rate

Funding earned: −$173.14
Price spread: −0.316% → −0.036%: −$27.95
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$213.1
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

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	2.39 bp	5.4 bp −$5	11.0 bp −$110	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.3678	−0.333%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3651	−0.394%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3816	−0.016%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3747	−0.175%	$545K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3659	−0.376%	$198K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.507%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3780	−0.099%	$115K	$484K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3876	+0.119%	$414K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3651	−0.394%	$265.0M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3716	−0.245%	$221.0M	$416.8M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3700	−0.282%	$62.3M	$288.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	−0.380%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3722	−0.232%	$31.5M	$61.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3730	−0.213%	$75.5M	$139.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3700	−0.282%	$54.5M	$44.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3710	−0.259%	$71.8M	$126.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3740	−0.191%	—	$144.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3926	+0.235%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3800	−0.053%	$268K	$994K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3770	−0.122%	$1.4M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3790	−0.076%	$195K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3788	−0.081%	$205K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDCshort	+0.0100%	8h	4.3685	−0.316%	$60K	$190K	20x
SunX NEAR-USDT	+0.0100%	8h	4.3700	−0.282%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3675	−0.339%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3800	−0.054%	$458K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3690	−0.305%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3858	+0.079%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3658	−0.377%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3691	−0.302%	$203K	$34K	3x	as long as short
Aster NEARUSDT	+0.0198%	8h	4.3711	−0.257%	$3.0M	$5.5M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0231%	1h	4.3689	−0.307%	$1.9M	$4.3M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0349% / S −0.0244%	1h	4.3643	−0.411%	$257K	—	100x	as long as short
Nado NEAR-PERP	+0.0378%	1h	4.3730	−0.213%	$1.9M	$3.0M	10x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3787	−0.083%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3850	+0.060%	$209K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0670%	1h	4.3717	−0.243%	$1.4M	$6.4M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0705%	1h	4.3690	−0.304%	$8.1M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0752%	1h	4.3700	−0.282%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0786%	1h	4.3776	−0.108%	$368.8M	$304.5M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3944	+0.275%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDClong	+0.0924%	1h	4.3824	long leg	$552K	$1.3M	10x
Lighter NEAR	+0.1040%	1h	4.3733	−0.207%	$17.5M	$25.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1702%	1h	4.3779	−0.101%	$6K	$12K	10x	as long as short