Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0409%/8h= −44.8% APRpaid last 24h −0.133%

Price spread now: Orderly against RISEx−0.328%7-day average −0.036% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.381%−$38 on $10k

Price spread, last 3 days (all we have)+0.348%+$35 · spread now −0.328%, 7d avg −0.036%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Orderly is 0.291% cheaper against RISEx than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx NEAR/USDC	4.3870	0.0509	pay 0.0064% / 1h	34m 45s	$547K	$1.3M	10x
Short	Orderly PERP_NEAR_USDC	4.3726	0.0099	get 0.0099% / 8h	6h 34m	$58K	$161K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.328%Rate

Funding earned: −$85.93
Price spread: −0.328% → −0.036%: −$29.12
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$127.05
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

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	4.59 bp	7.6 bp −$8	19.1 bp −$191	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.3668	−0.459%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3768	−0.232%	$2.2M	$13.8M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3833	−0.084%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3676	−0.442%	$535K	$19.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3700	−0.388%	$202K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.607%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0052%	8h	4.3548	−0.733%	$8.3M	$19.1M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3590	−0.638%	$116K	$479K	50x	as long as short
Orderly PERP_NEAR_USDCshort	+0.0099%	8h	4.3726	−0.328%	$58K	$161K	20x
Pacifica NEAR	+0.0100%	1h	4.3870	0.000%	$415K	$1.2M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.3885	+0.035%	$262.2M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3849	−0.047%	$222.9M	$420.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3810	−0.136%	$61.8M	$284.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3870	+0.001%	$208K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	−0.958%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3822	−0.109%	$31.6M	$61.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3840	−0.068%	$76.3M	$138.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3880	+0.023%	$56.2M	$42.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3820	−0.113%	$72.5M	$123.8M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3830	−0.091%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3236	−1.444%	$260K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3339	−1.209%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3400	−1.071%	$180K	$775K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3673	−0.448%	$215K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3800	−0.159%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3725	−0.330%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3850	−0.045%	$453K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3740	−0.296%	$3.9M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3840	−0.068%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3804	−0.151%	$3.9M	$17.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3725	−0.330%	$204K	$34K	3x	as long as short
Aster NEARUSDT	+0.0129%	8h	4.3850	−0.045%	$3.1M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0216%	1h	4.3747	−0.279%	$7.7M	$40.3M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3220	−1.481%	$13.2M	$27.6M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0361% / S −0.0278%	1h	4.3679	−0.435%	$262K	—	100x	as long as short
01 Exchange NEARUSD	+0.0368%	1h	4.3669	−0.458%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0432%	1h	4.3695	−0.398%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDClong	+0.0509%	1h	4.3870	long leg	$547K	$1.3M	10x
Phoenix NEAR	+0.0592%	1h	4.3434	−0.993%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0688%	1h	4.3915	+0.103%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0776%	1h	4.3898	+0.064%	$368.5M	$303.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0818%	1h	4.3868	−0.004%	$1.4M	$6.0M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0894%	1h	4.3751	−0.271%	$1.9M	$4.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1439%	1h	4.3386	−1.102%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1480%	1h	4.3948	+0.177%	$17.5M	$24.8M	15x	as long as short