Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0826%/8h= −90.4% APRpaid last 24h −0.011%

Price spread now: HTX against RISEx+0.304%7-day average +0.200% · 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−$44as in the Price arb table

costs, in and out, $10k−$550.548% of the position

Long on RISEx Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.397%+$40 · spread now +0.304%, 7d avg +0.200%

Together, before fees+0.375%+$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.104% dearer against RISEx than usual: you sell high and buy low (spread +0.304% now, against its 7-day average of +0.200%): +$10 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 4 days (−0.021% in total) that is about 17 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.021% in total (about -2.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx NEAR/USDC	4.4086	0.0926	pay 0.0116% / 1h	33m 49s	$561K	$1.4M	10x
Short	HTX NEAR-USDT	4.4220	0.0100	get 0.0100% / 8h	4h 33m	$458K	$4.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.304%Rate

Funding earned: −$173.39
Price spread: +0.304% → +0.200%: $10.38
Slippage, 4 orders: −$36.82
Fee RISEx: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$217.83
Costs to cover: 0.548%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; HTX: live order book, 5 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, 5 min ago	3.02 bp	6.0 bp −$6	15.8 bp −$158	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	6.79 bp	20.3 bp −$20	64.9 bp −$649	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	4.4113	+0.061%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.3921	−0.374%	$2.2M	$15.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4128	+0.095%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3954	−0.300%	$598K	$22.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4101	+0.033%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.070%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4070	−0.037%	$117K	$514K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4156	+0.159%	$422K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4170	+0.190%	$271.1M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4161	+0.170%	$221.9M	$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	4.4160	+0.168%	$62.6M	$299.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3987	−0.224%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4154	+0.154%	$32.0M	$63.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4150	+0.145%	$74.2M	$148.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4200	+0.258%	$54.9M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4150	+0.145%	$72.5M	$130.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4160	+0.168%	—	$147.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3977	−0.247%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4041	−0.102%	$264K	$978K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4010	−0.173%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4010	−0.173%	$169K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4140	+0.122%	$235K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4139	+0.120%	$56K	$217K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4080	−0.014%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4140	+0.122%	$8K	$53K	10x	as long as short
HTX NEAR-USDTshort	+0.0100%	8h	4.4220	+0.304%	$458K	$4.0M	75x
Phemex NEARUSDT	+0.0100%	8h	4.4170	+0.190%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3984	−0.231%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4175	+0.202%	$205K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0167%	1h	4.4202	+0.263%	$364.4M	$325.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0220%	1h	4.4191	+0.238%	$1.3M	$6.6M	20x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4180	+0.213%	$13.9M	$32.9M	75x	as long as short
Extended NEAR-USD	+0.0224%	1h	4.4134	+0.109%	$4.0M	$19.6M	25x	as long as short
01 Exchange NEARUSD	+0.0248%	1h	4.4078	−0.018%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0291%	8h	4.4160	+0.168%	$3.0M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0330% / S −0.0206%	1h	4.4102	+0.036%	$240K	—	100x	as long as short
Lighter RH NEAR	+0.0488%	1h	4.4216	+0.295%	$1.5M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0551%	1h	4.4115	+0.064%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4110	+0.054%	$221K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0588%	1h	4.4163	+0.175%	$8.1M	$39.9M	50x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4338	+0.571%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.0896%	1h	4.4216	+0.296%	$17.8M	$26.3M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0905%	1h	4.4191	+0.238%	$1.9M	$6.9M	25x	as long as short
RISEx NEAR/USDClong	+0.0926%	1h	4.4086	long leg	$561K	$1.4M	10x
Aftermath Perps NEARUSD	+0.1539%	1h	4.4227	+0.320%	$5K	$12K	10x	as long as short