Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1062%/8h= −116.3% APRpaid last 24h −0.146%

Price spread now: Binance against RISEx−0.334%7-day average −0.028% · 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−$55as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on RISEx Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.408%−$41 on $10k

Price spread, last 7 days+0.285%+$28 · spread now −0.334%, 7d avg −0.028%

Together, before fees−0.123%−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Binance is 0.305% cheaper against RISEx than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx NEAR/USDC	4.3501	0.1162	pay 0.0145% / 1h	15m 00s	$684K	$1.3M	10x
Short	Binance NEARUSDT	4.3356	0.0100	get 0.0100% / 8h	3h 15m	$265.0M	$1.09B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against RISEx. 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 RISExbpFee BinancebpOrdersPrice spread, now −0.334%Rate

Funding earned: −$223.07
Price spread: −0.334% → −0.028%: −$30.53
Slippage, 4 orders: −$8.68
Fee RISEx: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$278.29
Costs to cover: 0.247%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; Binance: live order book, 14 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 RISEx live order book, 4 min ago	1.21 bp	4.2 bp −$4	10.3 bp −$103	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	1.15 bp	8.6 bp −$9	14.1 bp −$141	35.0 bp −$3,505	111.6 bp −$55.8K

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	4.3410	−0.210%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3431	−0.160%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3382	−0.273%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.807%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3493	−0.018%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3450	−0.117%	$110K	$502K	50x	as long as short
Binance NEARUSDTshort	+0.0100%	8h	4.3356	−0.334%	$265.0M	$1.09B	75x
Bybit NEARUSDT	+0.0100%	8h	4.3314	−0.430%	$214.2M	$426.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3330	−0.393%	$61.3M	$288.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3250	−0.577%	$246K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3336	−0.379%	$32.1M	$61.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3370	−0.301%	$73.8M	$146.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3380	−0.278%	$53.8M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3338	−0.375%	$71.4M	$127.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3350	−0.347%	—	$144.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3447	−0.123%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3528	+0.061%	$254K	$951K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3530	+0.068%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3500	−0.002%	$167K	$796K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3485	−0.037%	$274K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3372	−0.297%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3500	−0.002%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3460	−0.094%	$469K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3390	−0.255%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3435	−0.153%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3370	−0.301%	$202K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3410	−0.209%	$13.5M	$32.1M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3484	−0.040%	$402K	$1.3M	10x	as long as short
Kalshi KXNEARPERP	+0.0273%	8h	4.3465	−0.083%	$874K	$23.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0324% / S −0.0198%	1h	4.3391	−0.253%	$235K	—	100x	as long as short
Aster NEARUSDT	+0.0336%	8h	4.3350	−0.347%	$2.8M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0356%	1h	4.3344	−0.361%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3520	+0.044%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0558%	1h	4.3430	−0.164%	$1.8M	$3.1M	10x	as long as short
Hyperliquid NEAR	+0.0577%	1h	4.3393	−0.247%	$355.3M	$314.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0597%	1h	4.3369	−0.303%	$1.3M	$6.8M	20x	as long as short
Extended NEAR-USD	+0.0600%	1h	4.3327	−0.399%	$3.8M	$19.9M	25x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3510	+0.021%	$214K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0711%	1h	4.3356	−0.332%	$7.6M	$39.0M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0742%	1h	4.3375	−0.290%	$1.9M	$9.6M	25x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.3427	−0.170%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3602	+0.232%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1056%	1h	4.3426	−0.172%	$17.5M	$25.1M	15x	as long as short
RISEx NEAR/USDClong	+0.1162%	1h	4.3501	long leg	$684K	$1.3M	10x
Aftermath Perps NEARUSD	+0.1569%	1h	4.3451	−0.115%	$5K	$13K	10x	as long as short