Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0202%/8h= −22.1% APRpaid last 24h −0.004%

Price spread now: Aevo against Aster+0.084%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1291.293% of the position

Long on Aster Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.084%, 7d avg −0.038%

Together, before fees−0.131%+ Points / potential airdropAster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 0.122% dearer against Aster than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of −0.038%): +$12 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.0 days. At the pace of the last 7 days (−0.014% in total) that is about 59 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.014% in total (about -0.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NEARUSDT	4.4365	0.0330	pay 0.0330% / 8h	1h 37m	$2.8M	$5.0M	50x
Short	Aevo NEAR-PERP	4.4402	0.0128	get 0.0016% / 1h	37m 24s	$206K	$40K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now +0.084%Rate

Funding earned: −$42.37
Price spread: +0.084% → −0.038%: $12.17
Slippage, 4 orders: −$105.29
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$159.49
Costs to cover: 1.293%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Aevo: live order book, 6 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 Aster live order book, 1 min ago	3.36 bp	8.6 bp −$9	20.6 bp −$206	doesn't fit	doesn't fit
Sell Aevo live order book, 6 min ago	10.03 bp	56.1 bp −$56	doesn't fit	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	4.4328	−0.083%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4372	+0.015%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4539	+0.393%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.660%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4430	+0.147%	$111K	$494K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4350	−0.033%	$224.7M	$435.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4330	−0.078%	$62.7M	$298.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5008	+1.450%	$256K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4322	−0.096%	$35.2M	$60.8M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4360	−0.011%	$53.7M	$46.4M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4336	−0.065%	$73.4M	$127.8M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4927	+1.268%	$9.1M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4677	+0.705%	$261K	$964K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5020	+1.477%	$170K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4346	−0.042%	$304K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4365	+0.001%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4430	+0.147%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4520	+0.350%	$469K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4430	+0.147%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0106%	8h	4.4333	−0.071%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0122%	8h	4.4780	+0.936%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERPshort	+0.0128%	1h	4.4402	+0.084%	$206K	$40K	3x
SoDEX NEAR-USD	+0.0157%	1h	4.4325	−0.090%	$5K	$53K	10x	as long as short
BingX NEAR-USDC	+0.0185%	8h	4.4360	−0.011%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0190%	8h	4.4360	−0.011%	$82.3M	$146.7M	200x	as long as short
Binance NEARUSDT	+0.0191%	8h	4.4381	+0.036%	$270.8M	$1.09B	75x	as long as short
Extended NEAR-USD	+0.0256%	1h	4.4334	−0.069%	$3.7M	$18.8M	25x	as long as short
Kalshi KXNEARPERP	+0.0289%	8h	4.4657	+0.659%	$1.1M	$25.2M	2.2x	as long as short
BloFin NEAR-USDT	+0.0310%	8h	4.4730	+0.823%	$13.5M	$33.0M	75x	as long as short
Aster NEARUSDTlong	+0.0330%	8h	4.4365	long leg	$2.8M	$5.0M	50x
GMX NEAR/USD [ETH-USDC]	L +0.0333% / S −0.0229%	1h	4.4337	−0.062%	$255K	—	100x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4379	+0.032%	$2.3M	$16.7M	50x	as long as short
01 Exchange NEARUSD	+0.0448%	1h	4.4462	+0.219%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0504%	1h	4.4383	+0.041%	$364.8M	$310.6M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0537%	1h	4.4424	+0.134%	$1.3M	$6.8M	20x	as long as short
Nado NEAR-PERP	+0.0600%	1h	4.4320	−0.101%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0658%	1h	4.4314	−0.114%	$7.4M	$38.5M	50x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4480	+0.260%	$226K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.4418	+0.120%	$1.5M	$6.7M	10x	as long as short
Lighter NEAR	+0.0928%	1h	4.4409	+0.100%	$17.4M	$25.0M	15x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4771	+0.916%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4361	−0.008%	$409K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1258%	1h	4.4648	+0.638%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4462	+0.219%	$665K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1600%	1h	4.4417	+0.118%	$2.0M	$13.0M	25x	as long as short