Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0300%/8h= −32.8% APRpaid last 24h −0.028%

Price spread now: Injective against Aster−4.387%7-day average +0.583% · you buy dearer than you sell

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

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+6.596%+$660 · spread now −4.387%, 7d avg +0.583%

Together, before fees+6.589%+ Points / potential airdropAster: Stage 5 · farm board+$659 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Injective is 4.970% cheaper against Aster than usual: you would sell low and buy high (−$497 if the spread goes back to its 7-day average of +0.583%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.007% in total (about -0.4% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NEARUSDT	4.3310	0.0333	pay 0.0333% / 8h	2h 20m	$2.8M	$5.3M	50x
Short	Injective NEAR/USDC PERP	4.1410	0.0033	get 0.0004% / 1h	20m 58s	$578	$301K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −4.387%Rate

Funding earned: −$62.97
Price spread: −4.387% → +0.583%: −$497
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$567.99
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 3 min ago; Injective: 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, 3 min ago	3.49 bp	10.4 bp −$10	20.8 bp −$208	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	4.3272	−0.088%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3222	−0.203%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3198	−0.258%	$163K	—	150x	as long as short
Injective NEAR/USDC PERPshort	+0.0033%	1h	4.1410	−4.387%	$578	$301K	12x
Popdex NEARUSDT	+0.0096%	1h	4.3260	−0.115%	$114K	$497K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3310	0.000%	$216.4M	$420.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3350	+0.092%	$60.8M	$287.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3050	−0.600%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3272	−0.088%	$32.8M	$60.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3350	+0.092%	$77.7M	$144.8M	200x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3390	+0.185%	$52.3M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3350	+0.092%	$71.7M	$127.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3280	−0.069%	—	$143.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3197	−0.260%	$8.4M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3029	−0.650%	$259K	$956K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3062	−0.572%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3279	−0.072%	$265K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3260	−0.115%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3320	+0.023%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3390	+0.185%	$467K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3250	−0.139%	$3.6M	$8.3M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3350	+0.092%	$265.3M	$1.08B	75x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3258	−0.119%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3260	−0.115%	$201K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3270	−0.092%	$13.4M	$31.7M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.3310	0.000%	$2.3M	$16.0M	50x	as long as short
Kalshi KXNEARPERP	+0.0298%	8h	4.3251	−0.136%	$939K	$24.6M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0312% / S −0.0198%	1h	4.3202	−0.250%	$234K	—	100x	as long as short
Aster NEARUSDTlong	+0.0333%	8h	4.3310	long leg	$2.8M	$5.3M	50x
ApeX Omni NEARUSDT	+0.0346%	1h	4.3030	−0.647%	$165K	$795K	50x	as long as short
Nado NEAR-PERP	+0.0390%	1h	4.3271	−0.090%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0520%	1h	4.3353	+0.099%	$3.7M	$19.6M	25x	as long as short
SoDEX NEAR-USD	+0.0581%	1h	4.3255	−0.127%	$6K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0665%	1h	4.3340	+0.069%	$355.1M	$309.3M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0680%	1h	4.3299	−0.025%	$1.3M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0731%	1h	4.3241	−0.159%	$7.4M	$38.8M	50x	as long as short
01 Exchange NEARUSD	+0.0744%	1h	4.3306	−0.009%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.3280	−0.069%	$224K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.3264	−0.106%	$396K	$1.3M	10x	as long as short
Lighter NEAR	+0.0936%	1h	4.3320	+0.023%	$16.9M	$25.1M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.3267	−0.099%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1112%	1h	4.3316	+0.014%	$1.5M	$7.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1162%	1h	4.3273	−0.085%	$1.9M	$11.2M	25x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.3257	−0.123%	$691K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1366%	1h	4.3020	−0.670%	$5K	$12K	10x	as long as short