Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0389%/8h= +42.6% APRpaid last 24h +0.176%

Price spread now: RISEx against edgeX+0.082%7-day average +0.038% · 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−$32as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on edgeX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.476%+$48 on $10k

Price spread, last 7 days−0.011%−$1 · spread now +0.082%, 7d avg +0.038%

Together, before fees+0.465%+ Points / potential airdropedgeX: Active · farm board+$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and RISEx is 0.044% dearer against edgeX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX NEARUSDC	4.4709	0.0100	pay 0.0050% / 4h	1h 43m	$264K	$871K	20x
Short	RISEx NEAR/USDC	4.4745	0.0489	get 0.0061% / 1h	43m 23s	$633K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against edgeX. 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 edgeXbpFee RISExbpOrdersPrice spread, now +0.082%Rate

Funding earned: $81.61
Price spread: +0.082% → +0.038%: $4.37
Slippage, 4 orders: −$21.68
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: $49.3
Costs to cover: 0.367%
Break-even: 2.8 days

Slippage from edgeX: live order book, 3 min ago; RISEx: live order book, 3 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 edgeX live order book, 3 min ago	7.82 bp	13.1 bp −$13	33.1 bp −$331	doesn't fit	doesn't fit
Sell RISEx live order book, 3 min ago	2.44 bp	5.4 bp −$5	10.2 bp −$102	doesn't fit	doesn't fit

NEAR on 45 exchanges

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
Kraken Futures PF_NEARUSD	−0.0236%	1h	4.4749	+0.090%	$7.4M	$36.9M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4684	−0.055%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4732	+0.053%	$110K	$53K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4697	−0.026%	$842K	$26.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4671	−0.084%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.378%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4740	+0.070%	$123K	$503K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4748	+0.088%	$2.6M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4749	+0.091%	$271.5M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4745	+0.081%	$231.0M	$426.7M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4750	+0.093%	$64.0M	$297.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4750	+0.093%	$267K	$12K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4721	+0.028%	$39.8M	$62.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4740	+0.070%	$75.4M	$168.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4750	+0.093%	$53.2M	$43.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4713	+0.010%	$74.2M	$126.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4740	+0.070%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4714	+0.011%	$8.9M	$16.4M	—	as long as short
edgeX NEARUSDClong	+0.0100%	4h	4.4709	long leg	$264K	$871K	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4781	+0.161%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4710	+0.003%	$167K	$822K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4751	+0.095%	$267K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4758	+0.110%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4820	+0.249%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4775	+0.149%	$5K	$34K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4740	+0.070%	$464K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4790	+0.182%	$3.3M	$8.0M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4719	+0.023%	$33K	$245	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4735	+0.059%	$3.7M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4733	+0.055%	$208K	$38K	3x	as long as short
Hyperliquid NEAR	+0.0162%	1h	4.4763	+0.122%	$360.6M	$314.9M	10x	as long as short
01 Exchange NEARUSD	+0.0200%	1h	4.4750	+0.093%	$13K	$4K	10x	as long as short
Nado NEAR-PERP	+0.0211%	1h	4.4750	+0.093%	$1.8M	$3.1M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4700	−0.019%	$12.9M	$32.4M	75x	as long as short
Lighter NEAR	+0.0232%	1h	4.4802	+0.208%	$17.5M	$23.3M	15x	as long as short
Lighter RH NEAR	+0.0280%	1h	4.4796	+0.195%	$1.5M	$5.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0341% / S −0.0226%	1h	4.4650	−0.131%	$262K	—	100x	as long as short
Arcus NEAR-USD	+0.0343%	1h	4.4760	+0.115%	$226K	$1.4M	10x	as long as short
RISEx NEAR/USDCshort	+0.0489%	1h	4.4745	+0.082%	$633K	$1.6M	10x
Coinbase International NEAR-PERP-INTX	+0.0504%	1h	4.4721	+0.028%	$2.3M	$17.5M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0600%	1h	4.4822	+0.254%	$1.1M	$7.1M	20x	as long as short
Phoenix NEAR	+0.0741%	1h	4.4913	+0.457%	$1.7M	$2.7M	10x	as long as short
Pacifica NEAR	+0.0851%	1h	4.4764	+0.125%	$419K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0890%	1h	4.4795	+0.193%	$1.9M	$13.0M	25x	as long as short
Aftermath Perps NEARUSD	+0.1045%	1h	4.4739	+0.067%	$6K	$6K	10x	as long as short