Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0213%/8h= +23.3% APRpaid last 24h −0.001%

Price spread now: SoDEX against Aster+0.172%55s7-day average — · you sell dearer than you buy

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

Long on Aster Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and SoDEX is 0.172% dearer against Aster than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 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	4.3550	0.0336	pay 0.0336% / 8h	2h 13m	$2.8M	$5.2M	50x
Short	SoDEX NEAR-USD	4.3625	0.0550	get 0.0069% / 1h	13m 23s	$5K	$52K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.172%Rate

Funding earned: $44.77
Price spread: +0.172% → 0.000%: $17.22
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $46
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Aster: live order book, 5 min ago; SoDEX: 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, 5 min ago	3.46 bp	8.8 bp −$9	19.3 bp −$193	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	4.3530	−0.045%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3575	+0.057%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3490	−0.138%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.914%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3600	+0.115%	$115K	$498K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3467	−0.191%	$217.6M	$420.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3510	−0.092%	$61.6M	$289.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3050	−1.148%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3530	−0.046%	$33.1M	$60.5M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3550	0.000%	$52.5M	$46.1M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.3537	−0.030%	$71.8M	$126.2M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3478	−0.166%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3566	+0.037%	$254K	$967K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3591	+0.095%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3617	+0.154%	$279K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3542	−0.018%	$57K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3620	+0.161%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3690	+0.321%	$470K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3630	+0.184%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3547	−0.007%	$31K	$608	10x	as long as short
BingX NEAR-USDC	+0.0105%	8h	4.3530	−0.046%	—	$6.6M	—	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.3657	+0.245%	$203K	$37K	3x	as long as short
MEXC NEAR_USDT	+0.0115%	8h	4.3550	0.000%	$82.1M	$145.6M	200x	as long as short
Binance NEARUSDT	+0.0119%	8h	4.3550	0.000%	$265.2M	$1.09B	75x	as long as short
BloFin NEAR-USDT	+0.0236%	8h	4.3610	+0.138%	$13.3M	$32.0M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.3666	+0.266%	$2.3M	$16.3M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0312% / S −0.0201%	1h	4.3488	−0.143%	$233K	—	100x	as long as short
Kalshi KXNEARPERP	+0.0312%	8h	4.3558	+0.018%	$994K	$24.7M	2.2x	as long as short
Aster NEARUSDTlong	+0.0336%	8h	4.3550	long leg	$2.8M	$5.2M	50x
Nado NEAR-PERP	+0.0394%	1h	4.3540	−0.024%	$1.7M	$3.2M	10x	as long as short
ApeX Omni NEARUSDT	+0.0435%	1h	4.3520	−0.069%	$167K	$795K	50x	as long as short
Extended NEAR-USD	+0.0512%	1h	4.3552	+0.005%	$3.7M	$19.4M	25x	as long as short
SoDEX NEAR-USDshort	+0.0550%	1h	4.3625	+0.172%	$5K	$52K	10x
Hyperliquid NEAR	+0.0658%	1h	4.3566	+0.037%	$357.8M	$311.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0690%	1h	4.3649	+0.227%	$1.3M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0725%	1h	4.3603	+0.121%	$7.3M	$39.1M	50x	as long as short
01 Exchange NEARUSD	+0.0736%	1h	4.3659	+0.250%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.3610	+0.138%	$226K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.3596	+0.106%	$399K	$1.3M	10x	as long as short
Lighter NEAR	+0.0920%	1h	4.3631	+0.185%	$17.1M	$25.2M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.3660	+0.253%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1104%	1h	4.3630	+0.184%	$1.9M	$11.7M	25x	as long as short
Lighter RH NEAR	+0.1112%	1h	4.3633	+0.191%	$1.5M	$7.4M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.3602	+0.120%	$691K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1317%	1h	4.3417	−0.306%	$5K	$12K	10x	as long as short