Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0824%/8h= +90.3% APRpaid last 24h +0.133%

Price spread now: RISEx against MEXC+0.040%7-day average +0.037% · 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−$23as in the Price arb table

costs, in and out, $10k−$230.234% of the position

Long on MEXC Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.385%+$38 on $10k

Price spread, last 7 days−0.006%−$1 · spread now +0.040%, 7d avg +0.037%

Together, before fees+0.378%+$38 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.037%, so right now this pair is about funding alone: +$25 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.4950	0.0100	pay 0.0100% / 8h	5h 25m	$78.2M	$143.6M	200x
Short	RISEx NEAR/USDC	4.4968	0.0924	get 0.0116% / 1h	25m 29s	$543K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against MEXC. 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 MEXCbpFee RISExbpOrdersPrice spread, now +0.040%Rate

Funding earned: $173.14
Price spread: +0.040% → +0.037%: $0.27
Slippage, 4 orders: −$17.36
Fee MEXC: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $150.05
Costs to cover: 0.234%
Break-even: 0.9 days

Slippage from MEXC: live order book, 4 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 MEXC live order book, 4 min ago	1.13 bp	3.9 bp −$4	17.6 bp −$176	66.7 bp −$6,669	96.6 bp −$48.3K
Sell RISEx live order book, 3 min ago	2.66 bp	5.7 bp −$6	16.3 bp −$163	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	4.4902	−0.107%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4769	−0.403%	$2.3M	$14.8M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4836	−0.254%	$111K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4711	−0.532%	$622K	$20.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4922	−0.062%	$207K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.875%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4900	−0.111%	$117K	$490K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4834	−0.257%	$423K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4930	−0.044%	$273.6M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4900	−0.111%	$226.2M	$420.0M	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	4.4900	−0.111%	$64.4M	$299.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	−1.178%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4883	−0.149%	$32.5M	$63.1M	75x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.4950	long leg	$78.2M	$143.6M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.4940	−0.022%	$56.3M	$44.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4909	−0.091%	$73.9M	$127.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4950	0.000%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4586	−0.810%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4330	−1.379%	$266K	$985K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4439	−1.136%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4320	−1.402%	$173K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4943	−0.016%	$223K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4585	−0.812%	$61K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4650	−0.667%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4759	−0.425%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4890	−0.133%	$467K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4770	−0.400%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4879	−0.159%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4919	−0.069%	$3.9M	$18.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4598	−0.782%	$208K	$34K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4420	−1.179%	$13.7M	$31.6M	75x	as long as short
Aster NEARUSDT	+0.0247%	8h	4.4851	−0.219%	$3.1M	$5.4M	50x	as long as short
01 Exchange NEARUSD	+0.0352%	1h	4.4979	+0.065%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0355% / S −0.0246%	1h	4.4916	−0.075%	$265K	—	100x	as long as short
Nado NEAR-PERP	+0.0369%	1h	4.4890	−0.132%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4970	+0.044%	$214K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0545%	1h	4.4815	−0.300%	$1.4M	$6.6M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0580%	1h	4.4631	−0.710%	$1.9M	$4.4M	25x	as long as short
Hyperliquid NEAR	+0.0673%	1h	4.4973	+0.051%	$374.3M	$310.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0687%	1h	4.4817	−0.296%	$8.3M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0688%	1h	4.4846	−0.231%	$1.7M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4889	−0.136%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDCshort	+0.0924%	1h	4.4968	+0.040%	$543K	$1.3M	10x
Lighter NEAR	+0.1264%	1h	4.4916	−0.077%	$18.0M	$26.0M	15x	as long as short
Aftermath Perps NEARUSD	+0.1573%	1h	4.4432	−1.153%	$6K	$12K	10x	as long as short