Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0919%/8h= +100.6% APRpaid last 24h +0.153%

Price spread now: RISEx against Aster+0.051%7-day average −0.001% · 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−$24as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Aster Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.408%+$41 on $10k

Price spread, last 7 days−0.014%−$1 · spread now +0.051%, 7d avg −0.001%

Together, before fees+0.395%+ Points / potential airdropAster: Stage 5 · farm board+$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and RISEx is 0.052% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NEARUSDT	4.4480	0.0341	pay 0.0341% / 8h	1h 51m	$2.8M	$5.0M	50x
Short	RISEx NEAR/USDC	4.4503	0.1259	get 0.0157% / 1h	51m 31s	$680K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Aster. 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 AsterbpFee RISExbpOrdersPrice spread, now +0.051%Rate

Funding earned: $192.9
Price spread: +0.051% → −0.001%: $5.18
Slippage, 4 orders: −$14.8
Fee Aster: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $169.27
Costs to cover: 0.288%
Break-even: 0.9 days

Slippage from Aster: live order book, 2 min ago; RISEx: live order book, 2 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 Aster live order book, 2 min ago	3.37 bp	10.6 bp −$11	21.3 bp −$213	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	1.86 bp	4.9 bp −$5	11.9 bp −$119	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	4.4486	+0.013%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4467	−0.028%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4379	−0.226%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.902%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4480	0.000%	$114K	$495K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4480	0.000%	$227.2M	$424.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4470	−0.022%	$62.6M	$296.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4366	−0.256%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4477	−0.007%	$34.5M	$59.8M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4520	+0.090%	$53.7M	$45.8M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4461	−0.043%	$73.7M	$126.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4407	−0.164%	$8.9M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4503	+0.052%	$260K	$964K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4491	+0.025%	$278K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4401	−0.178%	$58K	$233K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4420	−0.135%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4480	0.000%	$462K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4360	−0.270%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.4489	+0.021%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0120%	8h	4.4474	−0.012%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.4395	−0.191%	$206K	$40K	3x	as long as short
ApeX Omni NEARUSDT	+0.0132%	1h	4.4470	−0.022%	$168K	$803K	50x	as long as short
BingX NEAR-USDT	+0.0162%	8h	4.4500	+0.045%	—	$143.7M	—	as long as short
MEXC NEAR_USDT	+0.0167%	8h	4.4500	+0.045%	$85.2M	$144.1M	200x	as long as short
Binance NEARUSDT	+0.0170%	8h	4.4508	+0.064%	$269.6M	$1.08B	75x	as long as short
SoDEX NEAR-USD	+0.0237%	1h	4.4355	−0.281%	$5K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0285%	8h	4.4500	+0.045%	$13.5M	$32.8M	75x	as long as short
Kalshi KXNEARPERP	+0.0305%	8h	4.4414	−0.148%	$1.1M	$24.9M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0201%	1h	4.4381	−0.222%	$238K	—	100x	as long as short
Aster NEARUSDTlong	+0.0341%	8h	4.4480	long leg	$2.8M	$5.0M	50x
Extended NEAR-USD	+0.0376%	1h	4.4483	+0.007%	$3.7M	$19.0M	25x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4441	−0.088%	$2.3M	$16.3M	50x	as long as short
01 Exchange NEARUSD	+0.0504%	1h	4.4529	+0.110%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0569%	1h	4.4384	−0.216%	$1.3M	$6.5M	20x	as long as short
Nado NEAR-PERP	+0.0575%	1h	4.4380	−0.225%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0658%	1h	4.4348	−0.297%	$7.4M	$38.7M	50x	as long as short
Hyperliquid NEAR	+0.0680%	1h	4.4474	−0.013%	$365.9M	$306.6M	10x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4520	+0.090%	$226K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0900%	1h	4.4412	−0.153%	$1.9M	$12.2M	25x	as long as short
Lighter NEAR	+0.0936%	1h	4.4544	+0.145%	$17.4M	$24.6M	15x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4489	+0.020%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1032%	1h	4.4557	+0.173%	$1.5M	$6.6M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4495	+0.034%	$409K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1193%	1h	4.4376	−0.233%	$6K	$12K	10x	as long as short
RISEx NEAR/USDCshort	+0.1259%	1h	4.4503	+0.051%	$680K	$1.4M	10x