Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1120%/8h= +122.7% APRpaid last 24h +0.152%

Price spread now: RISEx against Gate+0.312%7-day average +0.047% · 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−$14as in the Price arb table

costs, in and out, $10k−$400.401% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.425%+$42 on $10k

Price spread, last 7 days−0.270%−$27 · spread now +0.312%, 7d avg +0.047%

Together, before fees+0.154%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and RISEx is 0.265% dearer against Gate than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.2944	0.0100	pay 0.0100% / 8h	2h 23m	$32.5M	$60.1M	75x
Short	RISEx NEAR/USDC	4.3078	0.1220	get 0.0153% / 1h	23m 54s	$688K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Gate. 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 GatebpFee RISExbpOrdersPrice spread, now +0.312%Rate

Funding earned: $235.22
Price spread: +0.312% → +0.047%: $26.47
Slippage, 4 orders: −$19.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: $221.56
Costs to cover: 0.401%
Break-even: 0.4 days

Slippage from Gate: live order book, 5 min ago; RISEx: live order book, 5 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 Gate live order book, 5 min ago	1.52 bp	14.3 bp −$14	29.3 bp −$293	38.6 bp −$3,863	54.2 bp −$27.1K
Sell RISEx live order book, 5 min ago	1.22 bp	4.2 bp −$4	11.0 bp −$110	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	4.3062	+0.274%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2982	+0.089%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2998	+0.126%	$161K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.572%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3140	+0.456%	$113K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3000	+0.130%	$263.2M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2932	−0.028%	$214.2M	$420.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2970	+0.061%	$60.4M	$285.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2997	+0.125%	$245K	−$0	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.2944	long leg	$32.5M	$60.1M	75x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.3010	+0.154%	$77.2M	$144.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2990	+0.107%	$51.7M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2973	+0.068%	$71.1M	$127.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2970	+0.061%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2778	−0.387%	$8.1M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2867	−0.179%	$258K	$954K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2900	−0.103%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3082	+0.321%	$262K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3065	+0.282%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3160	+0.503%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3190	+0.573%	$465K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3050	+0.247%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3040	+0.223%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3085	+0.328%	$200K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3070	+0.293%	$13.3M	$31.7M	75x	as long as short
ApeX Omni NEARUSDT	+0.0226%	1h	4.2860	−0.196%	$165K	$794K	50x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.3116	+0.401%	$2.3M	$16.0M	50x	as long as short
Kalshi KXNEARPERP	+0.0275%	8h	4.3127	+0.426%	$880K	$24.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0311% / S −0.0198%	1h	4.3004	+0.140%	$232K	—	100x	as long as short
Aster NEARUSDT	+0.0333%	8h	4.2980	+0.084%	$2.8M	$5.3M	50x	as long as short
Nado NEAR-PERP	+0.0391%	1h	4.3060	+0.270%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0536%	1h	4.2948	+0.009%	$3.6M	$19.6M	25x	as long as short
SoDEX NEAR-USD	+0.0589%	1h	4.3055	+0.258%	$6K	$52K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0668%	1h	4.3076	+0.307%	$1.3M	$6.6M	20x	as long as short
Hyperliquid NEAR	+0.0675%	1h	4.3007	+0.147%	$352.3M	$309.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0735%	1h	4.3036	+0.214%	$7.4M	$38.8M	50x	as long as short
01 Exchange NEARUSD	+0.0744%	1h	4.3181	+0.552%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.3090	+0.340%	$216K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.3023	+0.184%	$394K	$1.3M	10x	as long as short
Lighter NEAR	+0.0936%	1h	4.3123	+0.416%	$16.9M	$25.1M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2991	+0.109%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1136%	1h	4.3128	+0.428%	$1.4M	$7.4M	10x	as long as short
RISEx NEAR/USDCshort	+0.1220%	1h	4.3078	+0.312%	$688K	$1.3M	10x
Deribit NEAR_USDC-PERPETUAL	+0.1377%	1h	4.3090	+0.340%	$1.9M	$11.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1389%	1h	4.2957	+0.031%	$5K	$12K	10x	as long as short