Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0528%/8h= −57.9% APRpaid last 24h +0.117%

Price spread now: Kraken Futures against Aster−0.003%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$500.499% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

Price spread, last 4 days (all we have)+0.378%+$38 · spread now −0.003%, 7d avg −0.011%

Together, before fees+0.559%+ Points / potential airdropAster: Stage 5 · farm board+$56 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.181%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.181% in total (about 9.4% 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	4.4088	0.0100	pay 0.0100% / 8h	7h 47m	$2.8M	$4.8M	50x
Short	Kraken Futures PF_NEARUSD	4.4087	−0.0428	pay 0.0054% / 1h	47m 15s	$7.3M	$38.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$110.95
Price spread: −0.003% → −0.011%: $0.77
Slippage, 4 orders: −$31.91
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$160.09
Costs to cover: 0.499%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Kraken Futures: 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, 1 min ago	3.42 bp	12.4 bp −$12	24.5 bp −$245	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	7.43 bp	17.5 bp −$18	20.6 bp −$206	55.0 bp −$5,497	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
Phemex NEARUSDT	−0.0905%	8h	4.4100	+0.027%	$3.6M	$8.2M	50x	as long as short
Kraken Futures PF_NEARUSDshort	−0.0428%	1h	4.4087	−0.003%	$7.3M	$38.7M	50x
Reya NEARRUSDPERP	−0.0171%	1h	4.4043	−0.103%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4043	−0.104%	$108K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4100	+0.026%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.075%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4000	−0.200%	$117K	$504K	50x	as long as short
Aster NEARUSDTlong	+0.0100%	8h	4.4088	long leg	$2.8M	$4.8M	50x
Bybit NEARUSDT	+0.0100%	8h	4.4123	+0.079%	$223.3M	$430.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4090	+0.004%	$62.0M	$299.5M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.4020	−0.155%	$230K	$1.5M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	−0.767%	$252K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4066	−0.050%	$36.6M	$61.7M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4000	−0.200%	$53.2M	$45.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4106	+0.040%	$72.9M	$127.8M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3688	−0.908%	$9.0M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3658	−0.976%	$253K	$895K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3670	−0.949%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3680	−0.926%	$167K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4010	−0.177%	$275K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4128	+0.090%	$59K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4190	+0.231%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4105	+0.038%	$5K	$50K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3994	−0.214%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4079	−0.022%	$3.7M	$16.0M	25x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.4118	+0.068%	$205K	$40K	3x	as long as short
MEXC NEAR_USDT	+0.0120%	8h	4.4090	+0.004%	$93.5M	$154.1M	200x	as long as short
Binance NEARUSDT	+0.0121%	8h	4.4114	+0.059%	$266.2M	$1.09B	75x	as long as short
Hyperliquid NEAR	+0.0125%	1h	4.4040	−0.109%	$354.8M	$317.3M	10x	as long as short
BingX NEAR-USDT	+0.0132%	8h	4.4060	−0.064%	—	$83.2M	—	as long as short
Kalshi KXNEARPERP	+0.0152%	8h	4.4079	−0.021%	$879K	$25.3M	2.2x	as long as short
BloFin NEAR-USDT	+0.0241%	8h	4.4080	−0.019%	$12.7M	$32.6M	75x	as long as short
Nado NEAR-PERP	+0.0264%	1h	4.4003	−0.194%	$1.7M	$3.2M	10x	as long as short
01 Exchange NEARUSD	+0.0272%	1h	4.4014	−0.168%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0248%	1h	4.3894	−0.441%	$256K	—	100x	as long as short
Lighter RH NEAR	+0.0352%	1h	4.4151	+0.142%	$1.5M	$6.4M	10x	as long as short
HTX NEAR-USDT	+0.0460%	8h	4.4180	+0.208%	$468K	$3.8M	75x	as long as short
Lighter NEAR	+0.0472%	1h	4.4157	+0.156%	$17.4M	$23.8M	15x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.4186	+0.222%	$2.3M	$17.3M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0572%	1h	4.4024	−0.146%	$1.1M	$7.2M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.3811	−0.629%	$594K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.4054	−0.078%	$415K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.3729	−0.815%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1084%	1h	4.3741	−0.788%	$5K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.2313%	1h	4.4203	+0.260%	$1.9M	$13.1M	25x	as long as short