Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.168%

Price spread now: Aster against Arcus+0.003%46s7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.290% of the position

Long on Arcus Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.306%−$31 on $10k

Price spread, last 7 days+0.325%+$32 · spread now +0.003%, 7d avg +0.008%

Together, before fees+0.019%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus NEAR-USD	4.2880	0.0100	pay 0.0013% / 1h	3m 56s	$196K	$1.8M	10x
Short	Aster NEARUSDT	4.2881	0.0100	get 0.0100% / 8h	3m 56s	$3.0M	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Arcus. 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 ArcusbpFee AsterbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → +0.008%: −$0.5
Slippage, 4 orders: −$16.5
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$29.5
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from Arcus: live order book, 5 min ago; Aster: live order book, 5 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 Arcus live order book, 5 min ago	2.34 bp	4.6 bp −$5	8.9 bp −$89	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	3.50 bp	8.8 bp −$9	16.8 bp −$168	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	4.2861	−0.043%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2832	−0.112%	$2.2M	$13.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2809	−0.166%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2868	−0.028%	$374K	$18.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2892	+0.028%	$203K	—	150x	as long as short
Variational Omni NEAR	+0.0032%	8h	4.2749	−0.305%	$7.8M	$18.5M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.428%	$578	$302K	12x	as long as short
Bybit NEARUSDT	+0.0041%	8h	4.2840	−0.093%	$218.1M	$421.9M	75x	as long as short
01 Exchange NEARUSD	+0.0064%	1h	4.2882	+0.005%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2870	−0.023%	$110K	$496K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2900	+0.047%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2801	−0.185%	$31K	$647	10x	as long as short
Aster NEARUSDTshort	+0.0100%	8h	4.2881	+0.003%	$3.0M	$5.7M	50x
Pacifica NEAR	+0.0100%	1h	4.2831	−0.114%	$401K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2867	−0.031%	$254.0M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2840	−0.093%	$60.9M	$286.7M	50x	as long as short
Arcus NEAR-USDlong	+0.0100%	1h	4.2880	long leg	$196K	$1.8M	10x
Bulk NEAR-USD	+0.0100%	1h	4.2757	−0.286%	$244K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2849	−0.072%	$31.0M	$60.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2860	−0.047%	$79.4M	$142.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2880	0.000%	$55.9M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2847	−0.077%	$71.0M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2850	−0.070%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2741	−0.324%	$244K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2740	−0.326%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2740	−0.326%	$179K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2886	+0.014%	$195K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2940	+0.140%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2881	+0.002%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2890	+0.023%	$3.9M	$8.5M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2830	−0.116%	$3.9M	$16.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2877	−0.008%	$202K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.2914	+0.080%	$7.6M	$37.4M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2850	−0.070%	$13.0M	$29.4M	75x	as long as short
Lighter RH NEAR	+0.0336%	1h	4.2948	+0.159%	$1.6M	$7.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0377% / S −0.0316%	1h	4.2898	+0.043%	$276K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0403%	1h	4.2936	+0.131%	$1.9M	$2.7M	25x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2901	+0.049%	$420K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0450%	1h	4.2947	+0.156%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2832	−0.112%	$1.8M	$2.7M	10x	as long as short
Hyperliquid NEAR	+0.0600%	1h	4.2942	+0.146%	$366.2M	$301.0M	10x	as long as short
Nado NEAR-PERP	+0.0656%	1h	4.2831	−0.115%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0746%	8h	4.2970	+0.210%	$458K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1171%	1h	4.2837	−0.101%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1792%	1h	4.3016	+0.318%	$16.9M	$24.7M	15x	as long as short