Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0328%/8h= +36.0% APRpaid last 24h +0.133%

Price spread now: RISEx against Binance+0.264%7-day average +0.028% · 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−$5as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on Binance 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−0.225%−$22 · spread now +0.264%, 7d avg +0.028%

Together, before fees+0.148%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and RISEx is 0.236% dearer against Binance than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.3102	0.0100	pay 0.0100% / 8h	7h 21m	$256.9M	$1.06B	75x
Short	RISEx NEAR/USDC	4.3216	0.0428	get 0.0054% / 1h	21m 52s	$409K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Binance. 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 BinancebpFee RISExbpOrdersPrice spread, now +0.264%Rate

Funding earned: $68.96
Price spread: +0.264% → +0.028%: $23.59
Slippage, 4 orders: −$12.17
Fee Binance: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $64.37
Costs to cover: 0.282%
Break-even: 0.5 days

Slippage from Binance: live order book, 7 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 Binance live order book, 7 min ago	1.17 bp	6.5 bp −$7	12.7 bp −$127	37.9 bp −$3,787	114.1 bp −$57.1K
Sell RISEx live order book, 2 min ago	3.96 bp	7.0 bp −$7	25.5 bp −$255	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	4.3180	+0.181%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3176	+0.172%	$7.3M	$37.3M	50x	as long as short
Phemex NEARUSDT	−0.0119%	8h	4.3140	+0.087%	$3.8M	$8.5M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3167	+0.150%	$2.3M	$13.1M	50x	as long as short
01 Exchange NEARUSD	−0.0008%	1h	4.3183	+0.187%	$13K	$7K	10x	as long as short
Variational Omni NEAR	−0.0004%	8h	4.2668	−1.008%	$7.9M	$18.8M	—	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3140	+0.086%	$112K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3139	+0.085%	$378K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3201	+0.229%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.926%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0095%	8h	4.3070	−0.075%	$218.7M	$417.5M	75x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3190	+0.203%	$115K	$484K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3191	+0.206%	$57K	$191K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.3116	+0.033%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3195	+0.214%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3158	+0.130%	$399K	$1.2M	10x	as long as short
Binance NEARUSDTlong	+0.0100%	8h	4.3102	long leg	$256.9M	$1.06B	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3040	−0.145%	$60.9M	$281.1M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3180	+0.180%	$198K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2789	−0.726%	$244K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3083	−0.045%	$31.0M	$60.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3090	−0.029%	$77.2M	$141.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3180	+0.180%	$56.3M	$43.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3033	−0.161%	$71.3M	$124.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3090	−0.029%	—	$141.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3008	−0.218%	$256K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3032	−0.162%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2800	−0.701%	$179K	$782K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3206	+0.240%	$193K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3260	+0.366%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3177	+0.173%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3260	+0.366%	$458K	$3.7M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3114	+0.028%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3197	+0.220%	$201K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0197%	1h	4.3261	+0.368%	$364.4M	$301.8M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3130	+0.064%	$12.9M	$28.2M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0307%	1h	4.3200	+0.227%	$275K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0398%	1h	4.3221	+0.275%	$1.9M	$3.6M	25x	as long as short
RISEx NEAR/USDCshort	+0.0428%	1h	4.3216	+0.264%	$409K	$1.2M	10x
Lighter RH NEAR	+0.0432%	1h	4.3217	+0.266%	$1.6M	$7.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0462%	1h	4.3226	+0.287%	$1.3M	$5.9M	20x	as long as short
Nado NEAR-PERP	+0.0464%	1h	4.3153	+0.118%	$1.9M	$3.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3141	+0.090%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1366%	1h	4.2946	−0.362%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1928%	1h	4.3286	+0.425%	$17.3M	$24.6M	15x	as long as short