Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0713%/8h= +78.0% APRpaid last 24h +0.308%

Price spread now: Aftermath Perps against Binance−0.227%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Aftermath Perps

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—needs both histories

Funding pays, the price is against you. Aftermath Perps is 0.227% cheaper against Binance than usual: you would sell low and buy high (spread −0.227% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 25 hours of funding at the current rate (+$21 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.1620	0.0100	pay 0.0100% / 8h	1h 36m	$237.9M	$1.07B	75x
Short	Aftermath Perps NEARUSD	4.1525	0.0813	get 0.0102% / 1h	36m 27s	$5K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Binance. 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 BinancebpFee Aftermath PerpsbpOrdersPrice spread, now −0.227%Rate

Funding earned: $149.67
Price spread: −0.227% → 0.000%: −$22.68
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $107.99
Costs to cover: 0.190%
Break-even: 1.9 days

Slippage unknown: Binance: live order book, 8 min ago; Aftermath Perps: 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 Binance live order book, 8 min ago	1.20 bp	6.2 bp −$6	10.7 bp −$107	25.4 bp −$2,539	94.7 bp −$47.4K
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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	4.1573	−0.112%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1467	−0.367%	$2.1M	$12.6M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.504%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1566	−0.128%	$108K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1541	−0.189%	$419K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1634	+0.034%	$206K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0049%	1h	4.1560	−0.144%	$7.6M	$36.8M	50x	as long as short
01 Exchange NEARUSD	+0.0056%	1h	4.1544	−0.182%	$12K	$7K	10x	as long as short
Lighter RH NEAR	+0.0096%	1h	4.1603	−0.040%	$1.4M	$6.9M	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1520	−0.239%	$111K	$482K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1629	+0.023%	$54K	$155K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1552	−0.162%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1568	−0.123%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1576	−0.105%	$360K	$1.2M	10x	as long as short
Binance NEARUSDTlong	+0.0100%	8h	4.1620	long leg	$237.9M	$1.07B	75x
Bybit NEARUSDT	+0.0100%	8h	4.1590	−0.071%	$211.9M	$422.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1560	−0.143%	$57.0M	$274.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1540	−0.191%	$308K	$1.6M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1500	−0.287%	$236K	$4K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1615	−0.011%	$29.8M	$57.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1590	−0.071%	$81.8M	$141.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1610	−0.023%	$54.9M	$44.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1585	−0.083%	$69.1M	$125.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1600	−0.047%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1460	−0.383%	$7.7M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1467	−0.367%	$236K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1454	−0.397%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1510	−0.263%	$182K	$789K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1579	−0.098%	$197K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1540	−0.191%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1529	−0.218%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1520	−0.239%	$3.8M	$8.1M	50x	as long as short
Lighter NEAR	+0.0104%	1h	4.1607	−0.031%	$15.3M	$22.5M	15x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1493	−0.304%	$3.8M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1520	−0.239%	$200K	$62K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1510	−0.263%	$12.3M	$33.3M	75x	as long as short
Hyperliquid NEAR	+0.0269%	1h	4.1645	+0.061%	$350.5M	$297.7M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1544	−0.181%	$408K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0380% / S −0.0327%	1h	4.1629	+0.023%	$280K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0418%	1h	4.1609	−0.025%	$1.2M	$5.7M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0496%	1h	4.1569	−0.122%	$1.8M	$2.2M	25x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1571	−0.117%	$1.7M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0559%	1h	4.1567	−0.126%	$1.8M	$3.5M	10x	as long as short
Aftermath Perps NEARUSDshort	+0.0813%	1h	4.1525	−0.227%	$5K	$11K	10x
HTX NEAR-USDT	+0.0990%	8h	4.1640	+0.049%	$449K	$3.6M	75x	as long as short