Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0802%/8h= +87.8% APRpaid last 24h +0.165%
Price spread now: Hyperliquid against Aster+0.045%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$320.319% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.334%+$33 on $10k
Price spread, last 7 days−0.227%−$23 · spread now +0.045%, 7d avg +0.052%
Together, before fees+0.107%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: +$24 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.334% in total (about 17.4% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster NEARUSDT4.26300.0100pay 0.0100% / 8h35m 35s$3.0M$5.7M50x
ShortHyperliquid NEAR4.26490.0902get 0.0113% / 1h35m 35s$366.3M$298.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$168.33
Price spread: +0.045% → +0.052%
−$0.71
Slippage, 4 orders
−$14.87
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$135.75
Costs to cover
0.319%
Break-even
1.4 days
Slippage from Aster: live order book, 3 min ago; Hyperliquid: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 3 min ago3.51 bp9.3 bp −$917.5 bp −$175doesn't fitdoesn't fit
Sell Hyperliquid live order book, 8 min ago1.05 bp5.8 bp −$69.2 bp −$92doesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.2608−0.051%$2K20xas long as short
Coinbase International NEAR-PERP-INTX−0.0072%1h4.2637+0.016%$2.2M$13.0M50xas long as short
dYdX NEAR-USD0.0000%1h4.2634+0.010%$111K$59K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.2657+0.063%$420K$18.5M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.2635+0.012%$203K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−2.862%$578$302K12xas long as short
Bybit NEARUSDT+0.0077%8h4.2610−0.047%$218.2M$421.8M75xas long as short
Variational Omni NEAR+0.0077%8h4.2580−0.117%$7.9M$18.3Mas long as short
Popdex NEARUSDT+0.0096%1h4.2620−0.023%$109K$495K50xas long as short
Paradex NEAR-USD-PERP+0.0100%8h4.2597−0.076%$31K$64710xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NEARUSDTlong+0.0100%8h4.2630long leg$3.0M$5.7M50x
Pacifica NEAR+0.0100%1h4.2625−0.012%$401K$1.2M10xas long as short
Binance NEARUSDT+0.0100%8h4.2620−0.023%$252.8M$1.07B75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2610−0.047%$60.7M$284.5M50xas long as short
Arcus NEAR-USD+0.0100%1h4.26300.000%$201K$1.8M10xas long as short
Bulk NEAR-USD+0.0100%1h4.2674+0.103%$243K$2K10xas long as short
Gate NEAR_USDT+0.0100%8h4.2618−0.028%$30.0M$59.1M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.26300.000%$77.9M$141.2M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2660+0.070%$55.8M$43.5M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2614−0.038%$70.8M$126.0M75xas long as short
BingX NEAR-USDT+0.0100%8h4.2620−0.023%$138.8Mas long as short
edgeX NEARUSDC+0.0100%4h4.2657+0.063%$243K$1.2M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2670+0.094%$1.4M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.2750+0.281%$179K$792K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2645+0.035%$198K$3.4M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.2632+0.005%$56K$194K20xas long as short
SunX NEAR-USDT+0.0100%8h4.2660+0.070%$1K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.2615−0.035%$13K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.2600−0.070%$3.8M$8.4M50xas long as short
Extended NEAR-USD+0.0104%1h4.2598−0.076%$4.0M$15.9M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.2615−0.034%$205K$62K3xas long as short
Kraken Futures PF_NEARUSD+0.0119%1h4.2646+0.037%$7.6M$37.2M50xas long as short
01 Exchange NEARUSD+0.0120%1h4.2623−0.016%$13K$7K10xas long as short
BloFin NEAR-USDT+0.0220%8h4.2610−0.047%$12.9M$30.1M75xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0336%1h4.2659+0.068%$1.9M$2.3M25xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0374% / S −0.0314%1h4.2642+0.027%$273K100xas long as short
Lighter RH NEAR+0.0400%1h4.2660+0.070%$1.5M$7.0M10xas long as short
RISEx NEAR/USDC+0.0404%1h4.2648+0.042%$415K$1.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0454%1h4.2632+0.005%$1.4M$5.6M20xas long as short
Phoenix NEAR+0.0463%1h4.2717+0.204%$1.8M$2.7M10xas long as short
Nado NEAR-PERP+0.0768%1h4.2619−0.025%$1.9M$3.4M10xas long as short
HTX NEAR-USDT+0.0844%8h4.2720+0.211%$458K$3.7M75xas long as short
Hyperliquid NEARshort+0.0902%1h4.2649+0.045%$366.3M$298.4M10x
Aftermath Perps NEARUSD+0.1187%1h4.2726+0.224%$5K$11K10xas long as short
Lighter NEAR+0.1720%1h4.2739+0.256%$16.4M$23.7M15xas long as short