Funding arb · Price arb /

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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: Arcus against Aster−0.127%46s7-day average −0.008% · you buy dearer than you sell

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 Aster Short on Arcus

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−0.200%−$20 · spread now −0.127%, 7d avg −0.008%

Together, before fees+0.106%+ Points / potential airdropAster: Stage 5 · farm board+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.119% cheaper against Aster than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.008%. The two prices were read 46 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	4.2824	0.0100	pay 0.0100% / 8h	5m 47s	$3.0M	$5.7M	50x
Short	Arcus NEAR-USD	4.2770	0.0100	get 0.0013% / 1h	5m 47s	$196K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.127%Rate

Funding earned: $0
Price spread: −0.127% → −0.008%: −$11.92
Slippage, 4 orders: −$16.5
Fee Aster: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$40.92
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Arcus: live order book, 3 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, 3 min ago	3.50 bp	11.0 bp −$11	20.2 bp −$202	doesn't fit	doesn't fit
Sell Arcus live order book, 3 min ago	2.34 bp	4.6 bp −$5	12.3 bp −$123	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	4.2729	−0.222%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2773	−0.120%	$2.2M	$13.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2729	−0.222%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2777	−0.111%	$368K	$18.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2791	−0.078%	$203K	—	150x	as long as short
Variational Omni NEAR	+0.0032%	8h	4.2749	−0.176%	$7.8M	$18.5M	—	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.303%	$578	$302K	12x	as long as short
Bybit NEARUSDT	+0.0043%	8h	4.2800	−0.057%	$217.9M	$421.9M	75x	as long as short
01 Exchange NEARUSD	+0.0064%	1h	4.2766	−0.136%	$13K	$7K	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2760	−0.150%	$110K	$497K	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	4.2791	−0.078%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2730	−0.221%	$31K	$647	10x	as long as short
Aster NEARUSDTlong	+0.0100%	8h	4.2824	long leg	$3.0M	$5.7M	50x
Pacifica NEAR	+0.0100%	1h	4.2740	−0.197%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2818	−0.015%	$253.5M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2800	−0.057%	$60.8M	$286.5M	50x	as long as short
Arcus NEAR-USDshort	+0.0100%	1h	4.2770	−0.127%	$196K	$1.8M	10x
Bulk NEAR-USD	+0.0100%	1h	4.2757	−0.157%	$244K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2794	−0.071%	$30.9M	$60.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2760	−0.150%	$78.5M	$142.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2820	−0.010%	$55.9M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2772	−0.122%	$70.9M	$126.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2790	−0.080%	—	$140.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2757	−0.157%	$244K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2740	−0.197%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2750	−0.174%	$179K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2760	−0.150%	$194K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2810	−0.034%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2783	−0.097%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2790	−0.080%	$3.8M	$8.5M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2799	−0.060%	$3.8M	$16.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2785	−0.092%	$202K	$66K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.2819	−0.012%	$7.6M	$37.5M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2760	−0.150%	$13.0M	$29.3M	75x	as long as short
Lighter RH NEAR	+0.0328%	1h	4.2858	+0.078%	$1.6M	$7.1M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0377% / S −0.0316%	1h	4.2785	−0.093%	$275K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2779	−0.107%	$420K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0445%	1h	4.2853	+0.067%	$1.4M	$5.6M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0451%	1h	4.2818	−0.015%	$1.9M	$2.7M	25x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2832	+0.018%	$1.8M	$2.7M	10x	as long as short
Hyperliquid NEAR	+0.0610%	1h	4.2865	+0.095%	$365.6M	$300.9M	10x	as long as short
Nado NEAR-PERP	+0.0660%	1h	4.2736	−0.207%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0751%	8h	4.2830	+0.013%	$457K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1160%	1h	4.2836	+0.028%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1776%	1h	4.2932	+0.251%	$16.9M	$24.6M	15x	as long as short