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 +0.174%

Price spread now: RISEx against OKX+0.087%7-day average +0.060% · 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−$260.260% of the position

Long on OKX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.463%+$46 on $10k

Price spread, last 7 days−0.050%−$5 · spread now +0.087%, 7d avg +0.060%

Together, before fees+0.414%+$41 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 0.026% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NEAR-USDT-SWAP	4.5090	0.0100	pay 0.0100% / 8h	5h 59m	$64.5M	$303.7M	50x
Short	RISEx NEAR/USDC	4.5129	0.0489	get 0.0061% / 1h	59m 24s	$639K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against OKX. 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 OKXbpFee RISExbpOrdersPrice spread, now +0.087%Rate

Funding earned: $81.61
Price spread: +0.087% → +0.060%: $2.65
Slippage, 4 orders: −$9.96
Fee OKX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $58.31
Costs to cover: 0.260%
Break-even: 2.0 days

Slippage from OKX: live order book, 3 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 OKX live order book, 3 min ago	1.11 bp	9.2 bp −$9	16.8 bp −$168	40.4 bp −$4,038	doesn't fit
Sell RISEx live order book, 2 min ago	1.47 bp	4.5 bp −$4	12.4 bp −$124	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
Reya NEARRUSDPERP	−0.0171%	1h	4.5094	+0.009%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0140%	1h	4.5102	+0.027%	$7.5M	$37.7M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5086	−0.009%	$814K	$26.3M	2.2x	as long as short
dYdX NEAR-USD	+0.0002%	1h	4.5120	+0.066%	$111K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5009	−0.180%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.161%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5120	+0.067%	$124K	$514K	50x	as long as short
Nado NEAR-PERP	+0.0100%	1h	4.5100	+0.022%	$1.7M	$3.1M	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5139	+0.110%	$2.7M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5120	+0.067%	$274.2M	$1.09B	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.5118	+0.062%	$233.5M	$429.7M	75x	as long as short
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.5090	long leg	$64.5M	$303.7M	50x
Arcus NEAR-USD	+0.0100%	1h	4.5160	+0.155%	$228K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5100	+0.022%	$269K	$12K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5142	+0.115%	$40.0M	$61.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5110	+0.044%	$77.1M	$166.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5140	+0.111%	$53.6M	$44.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5078	−0.027%	$74.8M	$127.9M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.5150	+0.133%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5024	−0.145%	$8.9M	$17.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5026	−0.143%	$266K	$871K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5020	−0.155%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5030	−0.133%	$168K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5130	+0.089%	$282K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5098	+0.018%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5170	+0.177%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5125	+0.078%	$5K	$40K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5170	+0.177%	$468K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5110	+0.044%	$3.4M	$7.9M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.5149	+0.130%	$33K	$51	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5130	+0.089%	$3.8M	$15.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5095	+0.010%	$210K	$38K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5100	+0.022%	$12.9M	$32.9M	75x	as long as short
01 Exchange NEARUSD	+0.0272%	1h	4.5124	+0.075%	$13K	$5K	10x	as long as short
Lighter NEAR	+0.0304%	1h	4.5146	+0.125%	$17.6M	$24.0M	15x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0235%	1h	4.5077	−0.029%	$259K	—	100x	as long as short
RISEx NEAR/USDCshort	+0.0489%	1h	4.5129	+0.087%	$639K	$1.6M	10x
Hyperliquid NEAR	+0.0506%	1h	4.5150	+0.133%	$364.1M	$318.5M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0520%	1h	4.5211	+0.268%	$2.4M	$18.0M	50x	as long as short
Lighter RH NEAR	+0.0600%	1h	4.5207	+0.259%	$1.6M	$5.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0701%	1h	4.5176	+0.191%	$1.1M	$7.0M	20x	as long as short
Phoenix NEAR	+0.0851%	1h	4.5120	+0.067%	$1.7M	$2.4M	10x	as long as short
Pacifica NEAR	+0.0883%	1h	4.5156	+0.147%	$424K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0925%	1h	4.5162	+0.160%	$1.9M	$13.0M	25x	as long as short
Aftermath Perps NEARUSD	+0.1192%	1h	4.5066	−0.054%	$6K	$6K	10x	as long as short