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 −0.140%

Price spread now: MEXC against RISEx−0.543%7-day average −0.037% · 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−$64as in the Price arb table

costs, in and out, $10k−$130.133% of the position

Long on RISEx Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.396%−$40 on $10k

Price spread, last 7 days+0.515%+$52 · spread now −0.543%, 7d avg −0.037%

Together, before fees+0.119%+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and MEXC is 0.506% cheaper against RISEx than usual: you would sell low and buy high (−$51 if the spread goes back to its 7-day average of −0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx NEAR/USDC	4.4150	0.0926	pay 0.0116% / 1h	11m 01s	$593K	$1.4M	10x
Short	MEXC NEAR_USDT	4.3910	0.0100	get 0.0100% / 8h	4h 11m	$74.6M	$150.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.543%Rate

Funding earned: −$173.39
Price spread: −0.543% → −0.037%: −$50.63
Slippage, 4 orders: −$7.35
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$237.37
Costs to cover: 0.133%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; MEXC: 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 RISEx live order book, 3 min ago	1.67 bp	4.7 bp −$5	12.0 bp −$120	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.13 bp	1.1 bp −$1	4.1 bp −$41	77.4 bp −$7,742	106.4 bp −$53.2K

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	4.4040	−0.248%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.3987	−0.368%	$2.2M	$15.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4091	−0.134%	$109K	$69K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4028	−0.276%	$618K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4051	−0.223%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.205%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4070	−0.180%	$113K	$517K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4135	−0.034%	$420K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3890	−0.588%	$270.4M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3850	−0.679%	$220.9M	$424.0M	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	4.3890	−0.588%	$62.7M	$296.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4054	−0.216%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3963	−0.423%	$32.0M	$64.3M	75x	as long as short
MEXC NEAR_USDTshort	+0.0100%	8h	4.3910	−0.543%	$74.6M	$150.2M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.3880	−0.611%	$54.6M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3900	−0.566%	$72.1M	$130.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3860	−0.656%	—	$147.3M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4067	−0.188%	$8.5M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4159	+0.021%	$265K	$980K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4070	−0.180%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4090	−0.135%	$170K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4109	−0.092%	$244K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4006	−0.325%	$56K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4050	−0.226%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4110	−0.090%	$457K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4000	−0.339%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4085	−0.147%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4020	−0.294%	$205K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0180%	1h	4.3945	−0.464%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3970	−0.407%	$13.8M	$32.6M	75x	as long as short
Aster NEARUSDT	+0.0310%	8h	4.3988	−0.366%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0190%	1h	4.4057	−0.209%	$234K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0337%	1h	4.4001	−0.337%	$1.3M	$6.4M	20x	as long as short
01 Exchange NEARUSD	+0.0352%	1h	4.4126	−0.054%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0384%	1h	4.4040	−0.248%	$363.3M	$325.0M	10x	as long as short
Extended NEAR-USD	+0.0448%	1h	4.3878	−0.614%	$3.9M	$19.7M	25x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0501%	1h	4.3997	−0.346%	$2.0M	$7.3M	25x	as long as short
Nado NEAR-PERP	+0.0553%	1h	4.4079	−0.160%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4150	+0.001%	$218K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0591%	1h	4.3954	−0.444%	$8.0M	$39.6M	50x	as long as short
Lighter RH NEAR	+0.0688%	1h	4.4020	−0.294%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4173	+0.053%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDClong	+0.0926%	1h	4.4150	long leg	$593K	$1.4M	10x
Lighter NEAR	+0.0976%	1h	4.4062	−0.199%	$17.8M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1585%	1h	4.4135	−0.034%	$5K	$12K	10x	as long as short