Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0950%/8h= +104.0% APRpaid last 24h +0.299%

Price spread now: Aftermath Perps against Aster−0.335%53s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Aftermath Perps

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aftermath Perps is 0.335% cheaper against Aster than usual: you would sell low and buy high (spread −0.335% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$33 on $10k: about 28 hours of funding at the current rate (+$28 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NEARUSDT	4.1414	0.0100	pay 0.0100% / 8h	2h 36m	$2.9M	$5.9M	50x
Short	Aftermath Perps NEARUSD	4.1275	0.1050	get 0.0131% / 1h	36m 32s	$5K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.335%Rate

Funding earned: $199.5
Price spread: −0.335% → 0.000%: −$33.49
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $149.01
Costs to cover: 0.170%
Break-even: 1.8 days

Slippage unknown: Aster: live order book, 2 min ago; Aftermath Perps: no order-book sample. 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 Aster live order book, 2 min ago	6.05 bp	10.0 bp −$10	29.3 bp −$293	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

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	4.1424	+0.024%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1338	−0.183%	$2.1M	$12.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1388	−0.062%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1424	+0.024%	$411K	$19.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1436	+0.053%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.0730	−1.651%	$569	$239K	12x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0039%	1h	4.1470	+0.135%	$1.8M	$2.1M	25x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1360	−0.130%	$107K	$489K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1324	−0.218%	$30K	$647	10x	as long as short
Aster NEARUSDTlong	+0.0100%	8h	4.1414	long leg	$2.9M	$5.9M	50x

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	−0.062%	$366K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1360	−0.130%	$235.6M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1346	−0.164%	$211.0M	$427.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1350	−0.154%	$56.5M	$277.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1240	−0.421%	$235K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1349	−0.157%	$29.5M	$58.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1340	−0.178%	$80.3M	$142.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1380	−0.082%	$56.2M	$45.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1348	−0.159%	$68.9M	$127.8M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1350	−0.154%	—	$136.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1205	−0.504%	$7.5M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1283	−0.317%	$235K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1160	−0.612%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1200	−0.516%	$182K	$790K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1450	+0.087%	$205K	$3.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1446	+0.078%	$53K	$159K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1440	+0.063%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1390	−0.058%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1410	−0.009%	$3.8M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1344	−0.168%	$3.6M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1435	+0.051%	$201K	$65K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1370	−0.106%	$307K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0150%	1h	4.1404	−0.025%	$7.1M	$36.6M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1410	−0.009%	$12.2M	$33.6M	75x	as long as short
01 Exchange NEARUSD	+0.0264%	1h	4.1384	−0.072%	$12K	$7K	10x	as long as short
Lighter RH NEAR	+0.0336%	1h	4.1414	0.000%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0344%	1h	4.1385	−0.070%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0373% / S −0.0317%	1h	4.1430	+0.038%	$273K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1384	−0.072%	$416K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1355	−0.142%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0813%	1h	4.1470	+0.135%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0880%	1h	4.1439	+0.061%	$15.4M	$22.6M	15x	as long as short
Aftermath Perps NEARUSDshort	+0.1050%	1h	4.1275	−0.335%	$5K	$11K	10x
Hyperliquid NEAR	+0.1092%	1h	4.1484	+0.169%	$349.3M	$300.8M	10x	as long as short
HTX NEAR-USDT	+0.1131%	8h	4.1540	+0.305%	$449K	$3.8M	75x	as long as short