Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.064%

Price spread now: Deribit against Aster+0.024%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,509as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,541as in the Price arb table

costs, in and out, $10k−$1,54215.415% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.326%+$33 on $10k

Price spread, last 4 days (all we have)+0.187%+$19 · spread now +0.024%, 7d avg +0.014%

Together, before fees+0.513%+ Points / potential airdropAster: Stage 5 · farm board+$51 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NEARUSDT	4.4525	0.0307	pay 0.0307% / 8h	4h 49m	$3.1M	$5.6M	50x
Short	Deribit NEAR_USDC-PERPETUAL	4.4536	0.0379	get 0.0047% / 1h	49m 17s	$2.0M	$6.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.024%Rate

Funding earned: $15.22
Price spread: +0.024% → +0.014%: $0.97
Slippage, 4 orders: −$1,526.55
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$1,525.35
Costs to cover: 15.415%
Break-even: 708.5 days

Slippage from Aster: live order book, 4 min ago; Deribit: 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 Aster live order book, 4 min ago	1.11 bp	11.5 bp −$12	23.4 bp −$234	doesn't fit	doesn't fit
Sell Deribit live order book, 5 min ago	12.15 bp	160.6 bp −$161	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	4.4463	−0.140%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4683	+0.354%	$2.2M	$15.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4552	+0.061%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4626	+0.226%	$611K	$22.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4513	−0.028%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.997%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4600	+0.167%	$117K	$514K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4566	+0.090%	$426K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4530	+0.009%	$273.0M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4500	−0.057%	$222.9M	$424.4M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4480	−0.102%	$63.6M	$302.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5100	+1.290%	$257K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4500	−0.057%	$32.1M	$62.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4530	+0.010%	$75.9M	$146.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4540	+0.033%	$55.1M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4492	−0.075%	$73.2M	$130.5M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4510	−0.035%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4797	+0.610%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4912	+0.869%	$269K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4926	+0.899%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4870	+0.774%	$172K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4512	−0.030%	$241K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4518	−0.017%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4600	+0.167%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4655	+0.291%	$8K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4700	+0.392%	$465K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4600	+0.167%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4582	+0.127%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4545	+0.044%	$207K	$40K	3x	as long as short
Extended NEAR-USD	+0.0208%	1h	4.4480	−0.101%	$4.0M	$19.6M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4840	+0.706%	$14.2M	$33.6M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0236%	1h	4.4639	+0.255%	$1.4M	$6.7M	20x	as long as short
01 Exchange NEARUSD	+0.0280%	1h	4.4505	−0.046%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0290%	1h	4.4534	+0.019%	$369.0M	$325.2M	10x	as long as short
Aster NEARUSDTlong	+0.0307%	8h	4.4525	long leg	$3.1M	$5.6M	50x
GMX NEAR/USD [ETH-USDC]	L +0.0338% / S −0.0216%	1h	4.4508	−0.038%	$248K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.0379%	1h	4.4536	+0.024%	$2.0M	$6.6M	25x
Nado NEAR-PERP	+0.0525%	1h	4.4477	−0.108%	$1.9M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0528%	1h	4.4561	+0.080%	$1.6M	$7.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4540	+0.033%	$220K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0583%	1h	4.4571	+0.102%	$8.3M	$40.3M	50x	as long as short
Lighter NEAR	+0.0696%	1h	4.4663	+0.309%	$18.0M	$26.2M	15x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4822	+0.666%	$1.9M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4532	+0.015%	$562K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1585%	1h	4.4810	+0.638%	$6K	$12K	10x	as long as short