Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0409%/8h= +44.8% APRpaid last 24h +0.003%

Price spread now: RISEx against HTX+0.204%7-day average −0.204% · 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−$6as in the Price arb table

costs, in and out, $10k−$470.470% of the position

Long on HTX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.395%−$40 · spread now +0.204%, 7d avg −0.204%

Together, before fees−0.392%−$39 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 0.408% dearer against HTX than usual: you sell high and buy low: +$41 more if the spread goes back to its 7-day average of −0.204%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.003% in total (about 0.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.3490	0.0100	pay 0.0100% / 8h	6h 36m	$443K	$3.9M	75x
Short	RISEx NEAR/USDC	4.3579	0.0509	get 0.0064% / 1h	36m 38s	$545K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against HTX. 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 HTXbpFee RISExbpOrdersPrice spread, now +0.204%Rate

Funding earned: $85.83
Price spread: +0.204% → −0.204%: $40.84
Slippage, 4 orders: −$28.99
Fee HTX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $79.67
Costs to cover: 0.470%
Break-even: 0.5 days

Slippage from HTX: 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 HTX live order book, 2 min ago	8.06 bp	16.0 bp −$16	50.8 bp −$508	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	4.59 bp	7.6 bp −$8	16.2 bp −$162	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	4.3381	−0.251%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3375	−0.264%	$2.2M	$13.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3444	−0.107%	$108K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3314	−0.405%	$526K	$19.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3399	−0.208%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.783%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0043%	8h	4.3108	−0.878%	$8.2M	$19.1M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3540	+0.115%	$116K	$478K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.3393	−0.223%	$58K	$161K	20x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3485	−0.012%	$411K	$1.2M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.3502	+0.029%	$259.9M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3474	−0.037%	$221.0M	$419.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3490	0.000%	$61.4M	$281.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3560	+0.161%	$206K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	−0.093%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3483	−0.016%	$31.2M	$60.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3500	+0.023%	$75.7M	$138.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3500	+0.023%	$55.9M	$42.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3485	−0.011%	$72.1M	$123.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3500	+0.023%	—	$142.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3236	−0.584%	$260K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3339	−0.346%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3230	−0.598%	$179K	$775K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3434	−0.129%	$214K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3480	−0.023%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3395	−0.218%	$5K	$51K	10x	as long as short
HTX NEAR-USDTlong	+0.0100%	8h	4.3490	long leg	$443K	$3.9M	75x
Phemex NEARUSDT	+0.0100%	8h	4.3400	−0.207%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3465	−0.057%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3474	−0.036%	$3.8M	$17.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3384	−0.244%	$202K	$34K	3x	as long as short
Aster NEARUSDT	+0.0114%	8h	4.3471	−0.043%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0218%	1h	4.3416	−0.169%	$7.6M	$40.2M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3220	−0.621%	$13.2M	$27.6M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0360% / S −0.0278%	1h	4.3392	−0.226%	$260K	—	100x	as long as short
01 Exchange NEARUSD	+0.0368%	1h	4.3566	+0.175%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0442%	1h	4.3430	−0.138%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDCshort	+0.0509%	1h	4.3579	+0.204%	$545K	$1.3M	10x
Deribit NEAR_USDC-PERPETUAL	+0.0580%	1h	4.3420	−0.161%	$1.9M	$4.1M	25x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3434	−0.129%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0672%	1h	4.3526	+0.083%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0746%	1h	4.3508	+0.041%	$365.3M	$303.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0794%	1h	4.3446	−0.101%	$1.4M	$6.0M	20x	as long as short
Aftermath Perps NEARUSD	+0.1439%	1h	4.3261	−0.526%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1440%	1h	4.3561	+0.163%	$17.4M	$24.7M	15x	as long as short