Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.062%

Price spread now: Coinbase International against Aster−0.216%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$430.425% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.237%−$24 on $10k

Price spread, last 3 days (all we have)+0.261%+$26 · spread now −0.216%, 7d avg −0.077%

Together, before fees+0.023%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Coinbase International is 0.139% cheaper against Aster than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.077%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NEARUSDT	4.1557	0.0100	pay 0.0100% / 8h	1h 36m	$2.9M	$5.7M	50x
Short	Coinbase International NEAR-PERP-INTX	4.1467	−0.0032	pay 0.0004% / 1h	36m 59s	$2.1M	$12.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.216%Rate

Funding earned: −$27.72
Price spread: −0.216% → −0.077%: −$13.89
Slippage, 4 orders: −$24.5
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$84.12
Costs to cover: 0.425%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Coinbase International: live order book, 2 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, 2 min ago	3.61 bp	9.3 bp −$9	15.4 bp −$154	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	3.74 bp	12.1 bp −$12	19.8 bp −$198	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	4.1467	−0.215%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTXshort	−0.0032%	1h	4.1467	−0.216%	$2.1M	$12.6M	50x
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.354%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1536	−0.051%	$106K	$56K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1541	−0.038%	$419K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1524	−0.079%	$206K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0049%	1h	4.1560	+0.006%	$7.6M	$36.8M	50x	as long as short
01 Exchange NEARUSD	+0.0056%	1h	4.1530	−0.065%	$12K	$7K	10x	as long as short
Lighter RH NEAR	+0.0096%	1h	4.1576	+0.046%	$1.4M	$6.9M	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1510	−0.113%	$111K	$482K	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	+0.0099%	8h	4.1540	−0.041%	$53K	$155K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1523	−0.081%	$30K	$647	10x	as long as short
Aster NEARUSDTlong	+0.0100%	8h	4.1557	long leg	$2.9M	$5.7M	50x
Pacifica NEAR	+0.0100%	1h	4.1538	−0.047%	$359K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1579	+0.054%	$237.7M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1550	−0.017%	$211.7M	$422.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1550	−0.017%	$57.0M	$274.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1540	−0.041%	$308K	$1.6M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1500	−0.137%	$236K	$4K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1566	+0.022%	$29.8M	$57.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1580	+0.056%	$81.9M	$141.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1600	+0.104%	$54.9M	$44.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1574	+0.041%	$69.1M	$125.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1560	+0.007%	—	$136.8M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1460	−0.233%	$7.7M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1467	−0.217%	$236K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1454	−0.247%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1510	−0.113%	$182K	$789K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1525	−0.077%	$199K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1540	−0.041%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1529	−0.067%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1520	−0.089%	$3.8M	$8.1M	50x	as long as short
Lighter NEAR	+0.0104%	1h	4.1582	+0.059%	$15.3M	$22.5M	15x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1553	−0.009%	$3.8M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1520	−0.089%	$200K	$62K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1510	−0.113%	$12.3M	$33.3M	75x	as long as short
Hyperliquid NEAR	+0.0269%	1h	4.1617	+0.145%	$350.2M	$297.7M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1538	−0.046%	$408K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0379% / S −0.0327%	1h	4.1522	−0.084%	$279K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0418%	1h	4.1609	+0.125%	$1.2M	$5.7M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0496%	1h	4.1569	+0.029%	$1.8M	$2.2M	25x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1571	+0.034%	$1.7M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0560%	1h	4.1481	−0.183%	$1.8M	$3.5M	10x	as long as short
Aftermath Perps NEARUSD	+0.0854%	1h	4.1521	−0.088%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.0990%	8h	4.1640	+0.200%	$449K	$3.6M	75x	as long as short