Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.014%

Price spread now: Paradex against Aster−0.341%49s7-day average — · you buy dearer than you sell

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

Long on Aster Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Paradex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.341% cheaper against Aster than usual: you would sell low and buy high, −$34 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NEARUSDT	4.2877	0.0100	pay 0.0100% / 8h	7h 56m	$3.0M	$5.7M	50x
Short	Paradex NEAR-USD-PERP	4.2731	0.0100	get 0.0100% / 8h	7h 56m	$31K	$647	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.341%Rate

Funding earned: −$0.05
Price spread: −0.341% → 0.000%: −$34.09
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$46.13
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 min ago; Paradex: 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, 2 min ago	2.33 bp	11.8 bp −$12	19.3 bp −$193	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	4.2802	−0.174%	$2K	—	20x	as long as short
Phemex NEARUSDT	−0.0163%	8h	4.2830	−0.109%	$3.8M	$8.5M	50x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.2853	−0.056%	$7.6M	$37.3M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2718	−0.370%	$2.2M	$13.1M	50x	as long as short
01 Exchange NEARUSD	−0.0032%	1h	4.2759	−0.275%	$13K	$7K	10x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2748	−0.300%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2752	−0.291%	$385K	$18.8M	2.2x	as long as short
Bybit NEARUSDT	+0.0001%	8h	4.2870	−0.016%	$218.1M	$420.8M	75x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2833	−0.103%	$203K	—	150x	as long as short
Variational Omni NEAR	+0.0024%	8h	4.2669	−0.484%	$7.8M	$18.5M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.421%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2750	−0.296%	$110K	$496K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.2838	−0.091%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERPshort	+0.0100%	8h	4.2731	−0.341%	$31K	$647	10x
Aster NEARUSDTlong	+0.0100%	8h	4.2877	long leg	$3.0M	$5.7M	50x
Pacifica NEAR	+0.0100%	1h	4.2767	−0.255%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2903	+0.061%	$254.4M	$1.08B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2880	+0.007%	$60.7M	$285.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2760	−0.272%	$196K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2646	−0.538%	$243K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2892	+0.035%	$30.9M	$58.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2910	+0.077%	$79.8M	$137.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2860	−0.039%	$55.9M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2898	+0.049%	$71.1M	$125.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2890	+0.031%	—	$140.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2639	−0.554%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2676	−0.469%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2710	−0.389%	$178K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2801	−0.177%	$194K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2890	+0.031%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2817	−0.140%	$4K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2870	−0.016%	$457K	$3.7M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2846	−0.072%	$3.8M	$16.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2835	−0.099%	$199K	$28K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2850	−0.063%	$13.1M	$29.3M	75x	as long as short
Lighter RH NEAR	+0.0352%	1h	4.2884	+0.017%	$1.6M	$6.8M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0377% / S −0.0316%	1h	4.2830	−0.108%	$275K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0414%	1h	4.2880	+0.007%	$1.4M	$5.6M	20x	as long as short
Hyperliquid NEAR	+0.0416%	1h	4.2952	+0.175%	$366.0M	$301.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0427%	1h	4.2868	−0.021%	$1.9M	$2.9M	25x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2769	−0.251%	$418K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0443%	1h	4.2775	−0.237%	$1.9M	$3.4M	10x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2848	−0.067%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1181%	1h	4.2811	−0.154%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1728%	1h	4.2944	+0.158%	$16.9M	$23.4M	15x	as long as short