Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0826%/8h= +90.4% APRpaid last 24h +0.140%

Price spread now: RISEx against KuCoin−0.170%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$540.540% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.396%+$40 on $10k

Price spread, last 7 days+0.218%+$22 · spread now −0.170%, 7d avg +0.017%

Together, before fees+0.615%+$61 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.187% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.170% now, against its 7-day average of +0.017%). If the spread goes back, that is −$19 on $10k: about 18 hours of funding at the current rate (+$25 a day). At the pace of the last 4 days (+0.396% in total) that is about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NEARUSDTM	4.4300	0.0100	pay 0.0100% / 8h	4h 33m	$55.1M	$46.0M	75x
Short	RISEx NEAR/USDC	4.4225	0.0926	get 0.0116% / 1h	33m 10s	$563K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against KuCoin. 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 KuCoinbpFee RISExbpOrdersPrice spread, now −0.170%Rate

Funding earned: $173.39
Price spread: −0.170% → +0.017%: −$18.68
Slippage, 4 orders: −$36.04
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $100.68
Costs to cover: 0.540%
Break-even: 2.9 days

Slippage from KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	1.13 bp	22.5 bp −$22	39.4 bp −$394	111.2 bp −$11.1K	doesn't fit
Sell RISEx live order book, 1 min ago	2.63 bp	5.6 bp −$6	14.5 bp −$145	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	4.4190	−0.248%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4166	−0.302%	$2.2M	$15.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4128	−0.388%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4207	−0.210%	$596K	$22.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4230	−0.158%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.524%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4190	−0.248%	$117K	$514K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4156	−0.324%	$422K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4315	+0.035%	$272.0M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4260	−0.090%	$222.3M	$424.3M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4260	−0.090%	$62.8M	$300.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3987	−0.706%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4200	−0.226%	$32.1M	$63.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4260	−0.090%	$74.4M	$148.8M	200x	as long as short
KuCoin NEARUSDTMlong	+0.0100%	8h	4.4300	long leg	$55.1M	$46.0M	75x
Bitget NEARUSDT	+0.0100%	8h	4.4268	−0.072%	$72.7M	$130.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4250	−0.113%	—	$146.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3977	−0.728%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4132	−0.378%	$265K	$978K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4140	−0.361%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4140	−0.361%	$170K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4220	−0.181%	$234K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4254	−0.104%	$56K	$217K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4370	+0.158%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4250	−0.113%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4340	+0.090%	$460K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4300	0.000%	$3.9M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4159	−0.318%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4281	−0.042%	$206K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0174%	1h	4.4237	−0.142%	$364.7M	$325.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0220%	1h	4.4191	−0.246%	$1.3M	$6.6M	20x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4340	+0.090%	$14.0M	$33.0M	75x	as long as short
Extended NEAR-USD	+0.0232%	1h	4.4235	−0.147%	$4.0M	$19.6M	25x	as long as short
01 Exchange NEARUSD	+0.0248%	1h	4.4204	−0.217%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0291%	8h	4.4246	−0.123%	$3.0M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0330% / S −0.0206%	1h	4.4218	−0.184%	$240K	—	100x	as long as short
Lighter RH NEAR	+0.0488%	1h	4.4323	+0.052%	$1.5M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0543%	1h	4.4165	−0.305%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4240	−0.135%	$222K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0587%	1h	4.4269	−0.071%	$8.2M	$39.9M	50x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4203	−0.219%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.0896%	1h	4.4350	+0.112%	$17.9M	$26.3M	15x	as long as short
RISEx NEAR/USDCshort	+0.0926%	1h	4.4225	−0.170%	$563K	$1.4M	10x
Deribit NEAR_USDC-PERPETUAL	+0.0948%	1h	4.4286	−0.032%	$1.9M	$6.9M	25x	as long as short
Aftermath Perps NEARUSD	+0.1525%	1h	4.4268	−0.072%	$6K	$12K	10x	as long as short