Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1062%/8h= +116.3% APRpaid last 24h +0.146%

Price spread now: RISEx against Bitget+0.114%7-day average +0.069% · 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−$29as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Bitget 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−0.004%$0 · spread now +0.114%, 7d avg +0.069%

Together, before fees+0.404%+$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and RISEx is 0.046% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.3181	0.0100	pay 0.0100% / 8h	3h 07m	$71.2M	$127.3M	75x
Short	RISEx NEAR/USDC	4.3230	0.1162	get 0.0145% / 1h	7m 28s	$671K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bitget. 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 BitgetbpFee RISExbpOrdersPrice spread, now +0.114%Rate

Funding earned: $223.07
Price spread: +0.114% → +0.069%: $4.57
Slippage, 4 orders: −$15.36
Fee Bitget: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $194.28
Costs to cover: 0.334%
Break-even: 0.9 days

Slippage from Bitget: live order book, 2 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 2 min ago	0.35 bp	10.7 bp −$11	15.5 bp −$155	31.0 bp −$3,100	doesn't fit
Sell RISEx live order book, 1 min ago	2.49 bp	5.5 bp −$5	12.2 bp −$122	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	4.3172	−0.020%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3157	−0.055%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3150	−0.072%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.101%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3242	+0.141%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3200	+0.044%	$110K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3200	+0.044%	$263.9M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3175	−0.014%	$213.6M	$425.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3180	−0.002%	$61.1M	$286.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	+0.621%	$248K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3157	−0.056%	$32.1M	$62.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3210	+0.067%	$74.1M	$146.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3210	+0.067%	$53.6M	$45.7M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.3181	long leg	$71.2M	$127.3M	75x
BingX NEAR-USDT	+0.0100%	8h	4.3180	−0.002%	—	$144.3M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3247	+0.153%	$8.2M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3144	−0.086%	$252K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3206	+0.058%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3130	−0.118%	$166K	$795K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3210	+0.067%	$270K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3206	+0.058%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3300	+0.276%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3260	+0.183%	$467K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3220	+0.090%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3155	−0.061%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3230	+0.113%	$201K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3200	+0.044%	$13.4M	$31.9M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3181	0.000%	$398K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0271%	8h	4.3188	+0.016%	$868K	$23.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0323% / S −0.0198%	1h	4.3152	−0.068%	$233K	—	100x	as long as short
Aster NEARUSDT	+0.0335%	8h	4.3190	+0.021%	$2.8M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0339%	1h	4.3205	+0.056%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3256	+0.174%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0559%	1h	4.3158	−0.054%	$1.8M	$3.1M	10x	as long as short
Extended NEAR-USD	+0.0560%	1h	4.3173	−0.018%	$3.8M	$19.9M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0572%	1h	4.3248	+0.155%	$1.3M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0584%	1h	4.3231	+0.115%	$354.1M	$312.5M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3240	+0.137%	$212K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0713%	1h	4.3200	+0.043%	$7.6M	$38.9M	50x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.3221	+0.093%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3324	+0.331%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0978%	1h	4.3223	+0.097%	$1.9M	$9.9M	25x	as long as short
Lighter NEAR	+0.1072%	1h	4.3240	+0.138%	$17.4M	$25.1M	15x	as long as short
RISEx NEAR/USDCshort	+0.1162%	1h	4.3230	+0.114%	$671K	$1.3M	10x
Aftermath Perps NEARUSD	+0.1581%	1h	4.3250	+0.161%	$5K	$12K	10x	as long as short