Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1286%/8h= +140.9% APRpaid last 24h +0.326%

Price spread now: Aftermath Perps against BingX−0.139%7-day average — · you buy dearer than you sell

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

Long on BingX 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 0.139% cheaper against BingX than usual: you would sell low and buy high (spread −0.139% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 9 hours of funding at the current rate (+$39 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NEAR-USDT	4.3030	0.0100	pay 0.0100% / 8h	2h 22m	—	$143.4M	—
Short	Aftermath Perps NEARUSD	4.2970	0.1386	get 0.0173% / 1h	22m 43s	$5K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against BingX. 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 BingXbpFee Aftermath PerpsbpOrdersPrice spread, now −0.139%Rate

Funding earned: $270.13
Price spread: −0.139% → 0.000%: −$13.93
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $237.2
Costs to cover: 0.190%
Break-even: 0.9 days

Slippage unknown: BingX: live order book, 16 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 BingX live order book, 16 min ago	1.17 bp	9.6 bp −$10	11.3 bp −$113	18.7 bp −$1,874	42.0 bp −$21.0K
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	4.2995	−0.081%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2998	−0.075%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2989	−0.096%	$161K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.765%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3000	−0.070%	$113K	$498K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3086	+0.130%	$263.7M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3025	−0.012%	$214.7M	$419.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3080	+0.116%	$60.5M	$285.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2997	−0.076%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3009	−0.049%	$32.5M	$60.1M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.3070	+0.093%	$77.1M	$144.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3060	+0.070%	$51.8M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2997	−0.077%	$71.1M	$127.1M	75x	as long as short
BingX NEAR-USDTlong	+0.0100%	8h	4.3030	long leg	—	$143.4M	—
Variational Omni NEAR	+0.0100%	8h	4.2778	−0.586%	$8.1M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2867	−0.378%	$258K	$954K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3020	−0.024%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3017	−0.030%	$263K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3031	+0.002%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3090	+0.139%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3150	+0.279%	$464K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3000	−0.070%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.2968	−0.145%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3045	+0.035%	$200K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3060	+0.070%	$13.3M	$31.6M	75x	as long as short
ApeX Omni NEARUSDT	+0.0226%	1h	4.2860	−0.395%	$165K	$794K	50x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.3025	−0.012%	$2.3M	$15.9M	50x	as long as short
Kalshi KXNEARPERP	+0.0285%	8h	4.2965	−0.151%	$902K	$24.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0311% / S −0.0198%	1h	4.2973	−0.132%	$232K	—	100x	as long as short
Aster NEARUSDT	+0.0332%	8h	4.3040	+0.023%	$2.8M	$5.3M	50x	as long as short
Nado NEAR-PERP	+0.0400%	1h	4.3004	−0.061%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0520%	1h	4.3028	−0.004%	$3.6M	$19.6M	25x	as long as short
SoDEX NEAR-USD	+0.0575%	1h	4.3015	−0.035%	$6K	$52K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0668%	1h	4.3081	+0.119%	$1.3M	$6.6M	20x	as long as short
Hyperliquid NEAR	+0.0670%	1h	4.3052	+0.051%	$352.7M	$309.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0736%	1h	4.2992	−0.089%	$7.4M	$38.8M	50x	as long as short
01 Exchange NEARUSD	+0.0744%	1h	4.3016	−0.033%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.3000	−0.070%	$222K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.3000	−0.070%	$394K	$1.3M	10x	as long as short
Lighter NEAR	+0.0928%	1h	4.3087	+0.133%	$16.8M	$25.1M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.3164	+0.311%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1128%	1h	4.3116	+0.200%	$1.4M	$7.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1146%	1h	4.3036	+0.014%	$1.9M	$11.1M	25x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2988	−0.098%	$686K	$1.3M	10x	as long as short
Aftermath Perps NEARUSDshort	+0.1386%	1h	4.2970	−0.139%	$5K	$12K	10x