Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1533%/8h= −167.8% APRpaid last 24h −0.312%

Price spread now: Aster against Aftermath Perps+0.975%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.975% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.975% now, against zero (this spread has no 7-day history yet)): +$98 on $10k if it goes back. Holding the pair costs −$46 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps NEARUSD	4.3763	0.1742	pay 0.0218% / 1h	42m 43s	$6K	$12K	10x
Short	Aster NEARUSDT	4.4190	0.0210	get 0.0210% / 8h	5h 42m	$3.0M	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aftermath Perps. 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 Aftermath PerpsbpFee AsterbpOrdersPrice spread, now +0.975%Rate

Funding earned: −$321.84
Price spread: +0.975% → 0.000%: $97.54
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$241.3
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Aftermath Perps: no order-book sample; Aster: live order book, 1 min ago. 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Aster live order book, 1 min ago	4.54 bp	10.6 bp −$11	20.3 bp −$203	doesn't fit	doesn't fit

Aftermath Perps: 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	4.4031	+0.613%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4030	+0.610%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4132	+0.842%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4007	+0.557%	$553K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4049	+0.653%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.377%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4000	+0.541%	$116K	$484K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4155	+0.894%	$417K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4170	+0.930%	$268.8M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4157	+0.900%	$223.1M	$416.7M	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	4.4140	+0.861%	$62.9M	$291.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3650	−0.259%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4152	+0.889%	$31.8M	$62.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4180	+0.953%	$76.4M	$140.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4140	+0.861%	$55.4M	$44.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4152	+0.889%	$72.6M	$126.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4150	+0.884%	—	$144.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3557	−0.470%	$8.4M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3587	−0.403%	$261K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3605	−0.361%	$1.4M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4064	+0.687%	$206K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4089	+0.745%	$62K	$192K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4060	+0.678%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4111	+0.795%	$5K	$50K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4180	+0.953%	$461K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4100	+0.770%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4139	+0.859%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4142	+0.866%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4100	+0.770%	$205K	$34K	3x	as long as short
ApeX Omni NEARUSDT	+0.0134%	1h	4.3630	−0.304%	$198K	$779K	50x	as long as short
Aster NEARUSDTshort	+0.0210%	8h	4.4190	+0.975%	$3.0M	$5.5M	50x
BloFin NEAR-USDT	+0.0220%	8h	4.4180	+0.953%	$13.9M	$30.9M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0350% / S −0.0245%	1h	4.4043	+0.640%	$258K	—	100x	as long as short
Nado NEAR-PERP	+0.0368%	1h	4.4035	+0.621%	$1.9M	$3.0M	10x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.4192	+0.980%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4200	+0.998%	$210K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0666%	1h	4.4206	+1.012%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0698%	1h	4.4163	+0.913%	$8.2M	$41.0M	50x	as long as short
Hyperliquid NEAR	+0.0788%	1h	4.4180	+0.953%	$371.9M	$305.2M	10x	as long as short
Lighter RH NEAR	+0.0800%	1h	4.4184	+0.962%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3792	+0.066%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4177	+0.946%	$558K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1180%	1h	4.4134	+0.847%	$1.9M	$4.3M	25x	as long as short
Lighter NEAR	+0.1432%	1h	4.4217	+1.037%	$17.7M	$25.7M	15x	as long as short
Aftermath Perps NEARUSDlong	+0.1742%	1h	4.3763	long leg	$6K	$12K	10x