Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.063%

Price spread now: Aster against Coinbase International+0.065%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$500.498% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.236%+$24 on $10k

Price spread, last 3 days (all we have)−0.143%−$14 · spread now +0.065%, 7d avg +0.081%

Together, before fees+0.094%+ Points / potential airdropAster: Stage 5 · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.081%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NEAR-PERP-INTX	4.1572	−0.0024	get 0.0003% / 1h	33m 50s	$2.1M	$12.7M	50x
Short	Aster NEARUSDT	4.1599	0.0100	get 0.0100% / 8h	2h 33m	$2.9M	$5.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.065%Rate

Funding earned: $26.04
Price spread: +0.065% → +0.081%: −$1.6
Slippage, 4 orders: −$31.82
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$25.38
Costs to cover: 0.498%
Break-even: 13.8 days

Slippage from Coinbase International: live order book, 5 min ago; Aster: live order book, 5 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 Coinbase International live order book, 5 min ago	3.87 bp	10.3 bp −$10	16.2 bp −$162	544.4 bp −$54.4K	doesn't fit
Sell Aster live order book, 5 min ago	6.05 bp	14.7 bp −$15	32.2 bp −$322	doesn't fit	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
Reya NEARRUSDPERP	−0.0171%	1h	4.1563	−0.021%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTXlong	−0.0024%	1h	4.1572	long leg	$2.1M	$12.7M	50x
dYdX NEAR-USD	0.0000%	1h	4.1488	−0.202%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1523	−0.118%	$413K	$19.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1575	+0.008%	$206K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.0730	−2.025%	$569	$239K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1550	−0.053%	$107K	$489K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1500	−0.173%	$30K	$647	10x	as long as short
Aster NEARUSDTshort	+0.0100%	8h	4.1599	+0.065%	$2.9M	$5.9M	50x
Pacifica NEAR	+0.0100%	1h	4.1500	−0.174%	$367K	$1.2M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.1573	+0.002%	$236.8M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1520	−0.125%	$211.5M	$428.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1520	−0.125%	$56.8M	$278.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1240	−0.799%	$235K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1600	+0.067%	$29.7M	$58.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1590	+0.043%	$81.4M	$142.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1630	+0.140%	$56.5M	$45.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1586	+0.034%	$69.3M	$127.8M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1560	−0.029%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1354	−0.525%	$7.6M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1283	−0.696%	$235K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1402	−0.409%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1450	−0.293%	$182K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1596	+0.058%	$206K	$3.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1570	−0.005%	$54K	$159K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1620	+0.115%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1570	−0.005%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1540	−0.077%	$3.8M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1575	+0.008%	$3.6M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1560	−0.029%	$201K	$65K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1570	−0.005%	$308K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0149%	1h	4.1587	+0.035%	$7.1M	$36.7M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0159%	1h	4.1606	+0.082%	$1.8M	$2.1M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1490	−0.197%	$12.2M	$33.7M	75x	as long as short
01 Exchange NEARUSD	+0.0256%	1h	4.1575	+0.007%	$12K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0328%	1h	4.1565	−0.017%	$1.8M	$3.6M	10x	as long as short
Lighter RH NEAR	+0.0344%	1h	4.1634	+0.149%	$1.4M	$7.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0374% / S −0.0317%	1h	4.1574	+0.006%	$274K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1577	+0.011%	$417K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1503	−0.166%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0818%	1h	4.1644	+0.173%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0896%	1h	4.1658	+0.208%	$15.5M	$22.7M	15x	as long as short
Aftermath Perps NEARUSD	+0.1014%	1h	4.1378	−0.466%	$5K	$11K	10x	as long as short
Hyperliquid NEAR	+0.1093%	1h	4.1663	+0.219%	$351.2M	$301.0M	10x	as long as short
HTX NEAR-USDT	+0.1128%	8h	4.1640	+0.164%	$450K	$3.8M	75x	as long as short