Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0466%/8h= −51.0% APRnext payment $0.58 per $10,000 · paid last 24h −0.251%
Price spread now: Deribit against Aftermath Perps−0.067%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Deribit is 0.067% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps NEARUSD4.38150.1611pay 0.0201% / 1h54m 47s$5K$12K10x
ShortDeribit NEAR_USDC-PERPETUAL4.37860.1145get 0.0143% / 1h54m 47s$2.0M$7.7M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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

Funding earned
−$97.89
Price spread: −0.067% → 0.000%
−$6.73
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$120.63
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; Deribit: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aftermath Perps no order-book sample
Sell Deribit live order book, 4 min ago5.47 bp9.0 bp −$932.4 bp −$324doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.3747−0.156%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3659−0.357%$108K$69K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3749−0.152%$164K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.490%$578$301K12xas long as short
Coinbase International NEAR-PERP-INTX+0.0056%1h4.3816+0.001%$2.3M$15.8M50xas long as short
Popdex NEARUSDT+0.0096%1h4.3770−0.104%$108K$502K50xas long as short
Binance NEARUSDT+0.0100%8h4.3800−0.035%$269.5M$1.10B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3744−0.163%$221.0M$423.8M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3740−0.172%$62.5M$294.0M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3879+0.144%$250K−$010xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0100%8h4.3746−0.159%$32.0M$60.4M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3770−0.104%$75.3M$143.3M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3800−0.035%$54.5M$46.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3738−0.177%$71.9M$129.1M75xas long as short
BingX NEAR-USDC+0.0100%8h4.3740−0.172%$6.7Mas long as short
Variational Omni NEAR+0.0100%8h4.3637−0.407%$8.4M$18.0Mas long as short
edgeX NEARUSDC+0.0100%4h4.3685−0.297%$262K$940K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3610−0.469%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3700−0.264%$168K$800K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3766−0.113%$255K$3.8M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3767−0.111%$56K$242K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3860+0.102%$2K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3850+0.079%$456K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3800−0.035%$3.8M$8.4M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3603−0.484%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.3733−0.187%$203K$40K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.3810−0.013%$13.8M$32.4M75xas long as short
Kalshi KXNEARPERP+0.0233%8h4.3720−0.218%$646K$22.6M2.2xas long as short
Pacifica NEAR+0.0263%1h4.3657−0.362%$415K$1.2M10xas long as short
Aster NEARUSDT+0.0308%8h4.3790−0.058%$2.9M$5.5M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0320% / S −0.0191%1h4.3744−0.163%$232K100xas long as short
SoDEX NEAR-USD+0.0412%1h4.3745−0.161%$8K$52K10xas long as short
Backpack NEAR_USDC_PERP+0.0508%1h4.3814−0.003%$1.3M$6.4M20xas long as short
01 Exchange NEARUSD+0.0528%1h4.3803−0.029%$13K$7K10xas long as short
Extended NEAR-USD+0.0616%1h4.3719−0.221%$3.9M$19.7M25xas long as short
Arcus NEAR-USD+0.0627%1h4.3790−0.058%$215K$1.6M10xas long as short
Hyperliquid NEAR+0.0640%1h4.3808−0.017%$360.9M$317.1M10xas long as short
Nado NEAR-PERP+0.0659%1h4.3735−0.184%$1.9M$3.1M10xas long as short
Kraken Futures PF_NEARUSD+0.0704%1h4.3769−0.107%$7.8M$39.8M50xas long as short
Phoenix NEAR+0.0794%1h4.3982+0.380%$1.8M$2.8M10xas long as short
Lighter RH NEAR+0.0928%1h4.3806−0.022%$1.6M$7.2M10xas long as short
Deribit NEAR_USDC-PERPETUALshort+0.1145%1h4.3786−0.067%$2.0M$7.7M25x
RISEx NEAR/USDC+0.1162%1h4.3798−0.041%$600K$1.4M10xas long as short
Lighter NEAR+0.1480%1h4.3842+0.061%$17.7M$24.8M15xas long as short
Aftermath Perps NEARUSDlong+0.1611%1h4.3815long leg$5K$12K10x