Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0830%/8h= +90.9% APRnext payment +$1.04 per $10,000 · paid last 24h +0.142%
Price spread now: RISEx against Popdex+0.113%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$490.495% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.404%+$40 on $10k
Price spread, last 4 days (all we have)−0.156%−$16 · spread now +0.113%, 7d avg +0.028%
Together, before fees+0.248%+$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and RISEx is 0.084% dearer against Popdex than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.028%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex NEARUSDT4.38200.0096pay 0.0012% / 1h10m 13s$112K$517K50x
ShortRISEx NEAR/USDC4.38690.0926get 0.0116% / 1h10m 13s$589K$1.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Popdex. 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

Funding earned
$174.23
Price spread: +0.113% → +0.028%
$8.43
Slippage, 4 orders
−$37.06
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee RISEx: 3 bp × 2 orders
−$6
Net
$133.2
Costs to cover
0.495%
Break-even
1.6 days
Slippage from Popdex: live order book, 49 min ago; RISEx: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Popdex live order book, 49 min ago12.27 bp18.7 bp −$1958.0 bp −$580doesn't fitdoesn't fit
Sell RISEx live order book, 4 min ago1.67 bp4.7 bp −$512.8 bp −$128doesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.3782−0.086%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0008%1h4.3830+0.023%$2.2M$15.5M50xas long as short
dYdX NEAR-USD0.0000%1h4.3833+0.029%$108K$69K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.3802−0.041%$615K$22.3M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3793−0.063%$164K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.500%$578$302K12xas long as short
Popdex NEARUSDTlong+0.0096%1h4.3820long leg$112K$517K50x
Pacifica NEAR+0.0100%1h4.3872+0.119%$417K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.3847+0.062%$270.2M$1.10B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3790−0.068%$220.6M$424.1M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.3800−0.046%$62.5M$296.1M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4054+0.535%$251K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3788−0.073%$31.9M$64.3M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3860+0.091%$73.7M$150.4M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3830+0.023%$54.5M$46.2M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3763−0.130%$71.9M$130.1M75xas long as short
BingX NEAR-USDT+0.0100%8h4.3810−0.023%$147.3Mas long as short
Variational Omni NEAR+0.0100%8h4.4067+0.563%$8.5M$18.1Mas long as short
edgeX NEARUSDC+0.0100%4h4.4159+0.774%$265K$980K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4070+0.571%$1.5M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4090+0.616%$170K$801K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3826+0.014%$244K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3788−0.073%$56K$227K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3860+0.091%$2K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3880+0.137%$454K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3850+0.068%$3.8M$8.4M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3826+0.014%$32K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.3805−0.034%$204K$40K3xas long as short
SoDEX NEAR-USD+0.0178%1h4.3770−0.114%$8K$52K10xas long as short
BloFin NEAR-USDT+0.0220%8h4.3970+0.342%$13.8M$32.6M75xas long as short
Aster NEARUSDT+0.0309%8h4.3842+0.050%$2.9M$5.5M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0320% / S −0.0190%1h4.3795−0.056%$232K100xas long as short
Backpack NEAR_USDC_PERP+0.0337%1h4.4001+0.413%$1.3M$6.4M20xas long as short
01 Exchange NEARUSD+0.0352%1h4.3874+0.123%$13K$7K10xas long as short
Hyperliquid NEAR+0.0388%1h4.3865+0.103%$361.8M$325.0M10xas long as short
Extended NEAR-USD+0.0464%1h4.3750−0.160%$3.9M$19.7M25xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0481%1h4.3800−0.046%$2.0M$7.3M25xas long as short
Nado NEAR-PERP+0.0565%1h4.3808−0.027%$1.9M$3.1M10xas long as short
Arcus NEAR-USD+0.0581%1h4.3880+0.137%$217K$1.8M10xas long as short
Kraken Futures PF_NEARUSD+0.0593%1h4.3785−0.079%$8.0M$39.7M50xas long as short
Lighter RH NEAR+0.0688%1h4.3885+0.148%$1.5M$7.2M10xas long as short
Phoenix NEAR+0.0794%1h4.4173+0.806%$1.8M$2.8M10xas long as short
RISEx NEAR/USDCshort+0.0926%1h4.3869+0.113%$589K$1.4M10x
Lighter NEAR+0.0976%1h4.3866+0.106%$17.7M$26.5M15xas long as short
Aftermath Perps NEARUSD+0.1611%1h4.4074+0.579%$5K$12K10xas long as short