Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0905%/8h= −99.0% APRpaid last 24h −0.312%

Price spread now: BingX against Aftermath Perps+0.284%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 BingX

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—needs both histories

The price spread pays, funding is against you. BingX is 0.284% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.284% now, against zero (this spread has no 7-day history yet)): +$28 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps NEARUSD	4.1432	0.1005	pay 0.0126% / 1h	31m 55s	$5K	$11K	10x
Short	BingX NEAR-USDC	4.1550	0.0100	get 0.0100% / 8h	2h 31m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.284%Rate

Funding earned: −$189.96
Price spread: +0.284% → 0.000%: $28.45
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$180.51
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Aftermath Perps: no order-book sample; BingX: live order book, 10 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 BingX live order book, 10 min ago	1.21 bp	12.8 bp −$13	23.7 bp −$237	55.7 bp −$5,565	449.3 bp −$224.6K

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	4.1457	+0.059%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1562	+0.313%	$2.1M	$12.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1491	+0.142%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1523	+0.219%	$412K	$19.1M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.1503	+0.171%	$1.8M	$2.1M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1476	+0.107%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.0730	−1.695%	$569	$239K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1490	+0.140%	$107K	$489K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1501	+0.166%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1544	+0.271%	$2.9M	$5.9M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.1518	+0.206%	$367K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1563	+0.315%	$236.7M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1560	+0.309%	$211.9M	$428.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1570	+0.333%	$56.8M	$278.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1240	−0.464%	$235K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1563	+0.316%	$29.6M	$58.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1560	+0.309%	$81.0M	$143.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1520	+0.212%	$56.1M	$45.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1574	+0.342%	$69.3M	$127.9M	75x	as long as short
BingX NEAR-USDCshort	+0.0100%	8h	4.1550	+0.284%	—	$6.6M	—
Variational Omni NEAR	+0.0100%	8h	4.1354	−0.190%	$7.6M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1479	+0.114%	$236K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1528	+0.232%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1450	+0.043%	$182K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1511	+0.190%	$206K	$3.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1474	+0.101%	$53K	$159K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1560	+0.309%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1475	+0.103%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1500	+0.164%	$3.8M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1548	+0.279%	$3.7M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1475	+0.103%	$201K	$65K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1530	+0.236%	$307K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0149%	1h	4.1490	+0.141%	$7.1M	$36.7M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1580	+0.357%	$12.2M	$33.8M	75x	as long as short
01 Exchange NEARUSD	+0.0248%	1h	4.1528	+0.231%	$12K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0332%	1h	4.1497	+0.157%	$1.8M	$3.6M	10x	as long as short
Lighter RH NEAR	+0.0344%	1h	4.1553	+0.292%	$1.4M	$7.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0374% / S −0.0317%	1h	4.1473	+0.098%	$273K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1535	+0.249%	$415K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1650	+0.526%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0807%	1h	4.1545	+0.272%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0896%	1h	4.1568	+0.328%	$15.4M	$22.7M	15x	as long as short
Aftermath Perps NEARUSDlong	+0.1005%	1h	4.1432	long leg	$5K	$11K	10x
Hyperliquid NEAR	+0.1079%	1h	4.1574	+0.342%	$349.7M	$301.6M	10x	as long as short
HTX NEAR-USDT	+0.1123%	8h	4.1640	+0.502%	$448K	$3.8M	75x	as long as short