Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0081%/8h= +8.9% APRpaid last 24h +0.003%

Price spread now: Aster against Aevo+0.255%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1341.341% of the position

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)−0.199%−$20 · spread now +0.255%, 7d avg +0.037%

Together, before fees−0.185%+ Points / potential airdropAster: Stage 5 · farm board−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.218% dearer against Aevo than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.3169	0.0136	pay 0.0017% / 1h	43m 02s	$201K	$38K	3x
Short	Aster NEARUSDT	4.3279	0.0217	get 0.0217% / 8h	43m 02s	$2.7M	$4.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now +0.255%Rate

Funding earned: $17.06
Price spread: +0.255% → +0.037%: $21.84
Slippage, 4 orders: −$110.13
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$95.24
Costs to cover: 1.341%
Break-even: 46.1 days

Slippage from Aevo: live order book, 61 min ago; Aster: live order book, 6 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 Aevo live order book, 61 min ago	10.03 bp	56.0 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	3.45 bp	12.2 bp −$12	21.0 bp −$210	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	4.3149	−0.045%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3153	−0.036%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3149	−0.046%	$162K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3146	−0.053%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.074%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3160	−0.021%	$110K	$496K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3282	+0.262%	$218.4M	$430.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3280	+0.257%	$60.9M	$291.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3597	+0.991%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3216	+0.109%	$35.3M	$62.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3220	+0.118%	$52.3M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3261	+0.213%	$71.6M	$128.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3267	+0.226%	$8.6M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3376	+0.479%	$251K	$901K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3210	+0.095%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3280	+0.257%	$165K	$815K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3193	+0.056%	$282K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3173	+0.010%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3250	+0.188%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3152	−0.039%	$5K	$53K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3230	+0.142%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3135	−0.079%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3135	−0.078%	$3.6M	$17.4M	25x	as long as short
HTX NEAR-USDT	+0.0108%	8h	4.3290	+0.281%	$460K	$3.8M	75x	as long as short
Aevo NEAR-PERPlong	+0.0136%	1h	4.3169	long leg	$201K	$38K	3x
Kalshi KXNEARPERP	+0.0196%	8h	4.3210	+0.095%	$938K	$25.1M	2.2x	as long as short
BingX NEAR-USDC	+0.0206%	8h	4.3240	+0.165%	—	$6.6M	—	as long as short
Binance NEARUSDT	+0.0206%	8h	4.3300	+0.304%	$262.6M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0208%	8h	4.3210	+0.095%	$81.6M	$149.6M	200x	as long as short
Aster NEARUSDTshort	+0.0217%	8h	4.3279	+0.255%	$2.7M	$4.8M	50x
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0203%	1h	4.3158	−0.025%	$232K	—	100x	as long as short
BloFin NEAR-USDT	+0.0326%	8h	4.3250	+0.188%	$13.3M	$31.9M	75x	as long as short
Hyperliquid NEAR	+0.0335%	1h	4.3281	+0.260%	$349.6M	$317.0M	10x	as long as short
01 Exchange NEARUSD	+0.0336%	1h	4.3164	−0.011%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0420%	1h	4.3239	+0.162%	$1.2M	$7.0M	20x	as long as short
Nado NEAR-PERP	+0.0450%	1h	4.3167	−0.004%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3210	+0.095%	$2.3M	$16.8M	50x	as long as short
Lighter RH NEAR	+0.0600%	1h	4.3276	+0.248%	$1.5M	$6.6M	10x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3170	+0.003%	$225K	$1.6M	10x	as long as short
Lighter NEAR	+0.0736%	1h	4.3271	+0.237%	$17.1M	$25.0M	15x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3163	−0.013%	$407K	$1.5M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3305	+0.315%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3162	−0.015%	$617K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1025%	1h	4.3207	+0.088%	$1.9M	$13.2M	25x	as long as short
Aftermath Perps NEARUSD	+0.1295%	1h	4.3308	+0.321%	$5K	$7K	10x	as long as short