Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0925%/8h= −101.3% APRpaid last 24h −0.312%

Price spread now: Bitget against Aftermath Perps+0.250%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 Bitget

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. Bitget is 0.250% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.250% now, against zero (this spread has no 7-day history yet)): +$25 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps NEARUSD	4.1292	0.1025	pay 0.0128% / 1h	36m 03s	$5K	$11K	10x
Short	Bitget NEARUSDT	4.1395	0.0100	get 0.0100% / 8h	2h 36m	$68.9M	$127.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.250%Rate

Funding earned: −$194.35
Price spread: +0.250% → 0.000%: $24.96
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$190.39
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Aftermath Perps: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago	0.24 bp	12.6 bp −$13	15.2 bp −$152	32.3 bp −$3,227	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	4.1359	+0.162%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1338	+0.112%	$2.1M	$12.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1388	+0.234%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1361	+0.167%	$411K	$19.1M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.1372	+0.194%	$1.8M	$2.1M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1361	+0.168%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.0730	−1.361%	$569	$239K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1360	+0.165%	$107K	$489K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1324	+0.077%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1369	+0.186%	$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	4.1388	+0.233%	$366K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1411	+0.289%	$235.9M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1390	+0.238%	$211.2M	$427.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1410	+0.286%	$56.5M	$277.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1240	−0.126%	$235K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1386	+0.228%	$29.5M	$58.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1390	+0.238%	$80.4M	$142.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1390	+0.238%	$56.2M	$45.1M	75x	as long as short
Bitget NEARUSDTshort	+0.0100%	8h	4.1395	+0.250%	$68.9M	$127.8M	75x
BingX NEAR-USDC	+0.0100%	8h	4.1400	+0.262%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1205	−0.210%	$7.5M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1283	−0.022%	$235K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1160	−0.319%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1200	−0.223%	$182K	$790K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1382	+0.218%	$205K	$3.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1355	+0.153%	$53K	$159K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1400	+0.262%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1355	+0.153%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1380	+0.213%	$3.8M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1334	+0.103%	$3.6M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1345	+0.129%	$200K	$65K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1370	+0.189%	$307K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0150%	1h	4.1376	+0.203%	$7.1M	$36.7M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1410	+0.286%	$12.2M	$33.6M	75x	as long as short
01 Exchange NEARUSD	+0.0264%	1h	4.1384	+0.223%	$12K	$7K	10x	as long as short
Lighter RH NEAR	+0.0336%	1h	4.1408	+0.281%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0339%	1h	4.1335	+0.104%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0373% / S −0.0317%	1h	4.1367	+0.182%	$273K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1384	+0.223%	$416K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1355	+0.153%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0807%	1h	4.1442	+0.363%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0880%	1h	4.1462	+0.412%	$15.4M	$22.6M	15x	as long as short
Aftermath Perps NEARUSDlong	+0.1025%	1h	4.1292	long leg	$5K	$11K	10x
Hyperliquid NEAR	+0.1088%	1h	4.1468	+0.426%	$349.2M	$300.8M	10x	as long as short
HTX NEAR-USDT	+0.1128%	8h	4.1490	+0.480%	$449K	$3.8M	75x	as long as short