Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0378%/8h= −41.3% APRpaid last 24h −0.178%

Price spread now: OKX against RISEx−0.043%7-day average −0.062% · 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−$26as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on RISEx Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.477%−$48 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.043%, 7d avg −0.062%

Together, before fees−0.459%−$46 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.062%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx NEAR/USDC	4.5400	0.0478	pay 0.0060% / 1h	7m 40s	$570K	$1.8M	10x
Short	OKX NEAR-USDT-SWAP	4.5380	0.0100	get 0.0100% / 8h	4h 07m	$64.5M	$312.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$79.28
Price spread: −0.043% → −0.062%: $1.84
Slippage, 4 orders: −$11.82
Fee RISEx: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$105.25
Costs to cover: 0.278%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; OKX: 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, 4 min ago	2.24 bp	5.2 bp −$5	11.6 bp −$116	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.11 bp	8.3 bp −$8	14.5 bp −$145	42.2 bp −$4,224	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
Kraken Futures PF_NEARUSD	−0.0376%	1h	4.5362	−0.082%	$7.5M	$37.0M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.5353	−0.102%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5404	+0.009%	$111K	$53K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5228	−0.378%	$881K	$27.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0007%	1h	4.5384	−0.034%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.788%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5360	−0.087%	$123K	$530K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5417	+0.038%	$2.6M	$5.3M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5420	+0.045%	$271.3M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5394	−0.012%	$234.1M	$430.5M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAPshort	+0.0100%	8h	4.5380	−0.043%	$64.5M	$312.7M	50x
Bulk NEAR-USD	+0.0100%	1h	4.5150	−0.550%	$278K	$25K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5388	−0.026%	$42.4M	$65.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5400	+0.001%	$79.0M	$178.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5440	+0.089%	$56.3M	$44.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5400	+0.001%	$75.7M	$129.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.5400	+0.001%	—	$77.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4953	−0.985%	$8.7M	$15.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5032	−0.809%	$249K	$859K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5029	−0.816%	$1.5M	$1.9M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5000	−0.880%	$169K	$820K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5373	−0.059%	$195K	$4.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5409	+0.021%	$56K	$255K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5460	+0.133%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5378	−0.048%	$6K	$36K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5460	+0.133%	$472K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5400	+0.001%	$3.2M	$8.5M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.5401	+0.002%	$33K	$389	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5393	−0.015%	$3.8M	$15.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5391	−0.019%	$211K	$34K	3x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0185% / S +0.0013%	1h	4.5398	−0.005%	$219K	—	100x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5280	−0.263%	$13.0M	$32.2M	75x	as long as short
Hyperliquid NEAR	+0.0232%	1h	4.5460	+0.133%	$364.8M	$312.2M	10x	as long as short
Arcus NEAR-USD	+0.0253%	1h	4.5370	−0.065%	$229K	$1.4M	10x	as long as short
Lighter RH NEAR	+0.0264%	1h	4.5421	+0.047%	$1.6M	$6.0M	10x	as long as short
01 Exchange NEARUSD	+0.0288%	1h	4.5401	+0.003%	$13K	$4K	10x	as long as short
Nado NEAR-PERP	+0.0385%	1h	4.5370	−0.065%	$1.8M	$3.2M	10x	as long as short
RISEx NEAR/USDClong	+0.0478%	1h	4.5400	long leg	$570K	$1.8M	10x
Coinbase International NEAR-PERP-INTX	+0.0544%	1h	4.5417	+0.038%	$2.4M	$18.0M	50x	as long as short
Pacifica NEAR	+0.0687%	1h	4.5398	−0.004%	$429K	$1.1M	10x	as long as short
Phoenix NEAR	+0.0733%	1h	4.5096	−0.669%	$1.7M	$2.6M	10x	as long as short
Lighter NEAR	+0.0744%	1h	4.5467	+0.148%	$17.9M	$26.9M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.0791%	1h	4.5508	+0.239%	$1.1M	$7.2M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0829%	1h	4.5441	+0.091%	$2.0M	$13.0M	25x	as long as short
Aftermath Perps NEARUSD	+0.1004%	1h	4.5180	−0.485%	$6K	$6K	10x	as long as short