Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0316%/8h= −34.6% APRpaid last 24h −0.026%

Price spread now: Aster against Deribit−0.021%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.288%−$29 on $10k

Price spread, last 3 days (all we have)−0.148%−$15 · spread now −0.021%, 7d avg −0.007%

Together, before fees−0.436%+ Points / potential airdropAster: Stage 5 · farm board−$44 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NEAR_USDC-PERPETUAL	4.3382	0.0419	pay 0.0052% / 1h	53m 52s	$1.9M	$2.3M	25x
Short	Aster NEARUSDT	4.3373	0.0103	get 0.0103% / 8h	53m 52s	$3.1M	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$66.35
Price spread: −0.021% → −0.007%: −$1.39
Slippage, 4 orders: −$20.36
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$103.09
Costs to cover: 0.354%
Break-even: never at this rate

Slippage from Deribit: 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 Deribit live order book, 5 min ago	4.53 bp	8.0 bp −$8	23.0 bp −$230	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	2.32 bp	8.6 bp −$9	17.4 bp −$174	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	4.3344	−0.088%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.3348	−0.078%	$2.2M	$13.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3314	−0.156%	$112K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3333	−0.113%	$415K	$18.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3362	−0.046%	$209K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.546%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3320	−0.143%	$108K	$495K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3330	−0.121%	$31K	$647	10x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3323	−0.135%	$407K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3360	−0.051%	$255.8M	$1.07B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.3340	−0.097%	$223.6M	$420.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3360	−0.051%	$61.8M	$288.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3340	−0.097%	$199K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3063	−0.736%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3360	−0.051%	$30.7M	$58.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3360	−0.051%	$81.5M	$139.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3390	+0.018%	$56.9M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3379	−0.007%	$72.3M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3340	−0.097%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3159	−0.514%	$8.1M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3192	−0.437%	$270K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3177	−0.473%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3230	−0.350%	$181K	$789K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3374	−0.018%	$208K	$3.3M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3351	−0.071%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3390	+0.018%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3335	−0.108%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3360	−0.051%	$4.0M	$8.1M	50x	as long as short
Aster NEARUSDTshort	+0.0103%	8h	4.3373	−0.021%	$3.1M	$5.5M	50x
Extended NEAR-USD	+0.0104%	1h	4.3337	−0.104%	$4.4M	$15.2M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3341	−0.094%	$209K	$62K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0117%	1h	4.3354	−0.065%	$7.6M	$36.8M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3260	−0.281%	$13.0M	$32.7M	75x	as long as short
01 Exchange NEARUSD	+0.0256%	1h	4.3381	−0.002%	$13K	$7K	10x	as long as short
Lighter RH NEAR	+0.0392%	1h	4.3408	+0.060%	$1.6M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0392% / S −0.0343%	1h	4.3366	−0.037%	$294K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.3370	−0.028%	$418K	$1.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUALlong	+0.0419%	1h	4.3382	long leg	$1.9M	$2.3M	25x
Phoenix NEAR	+0.0542%	1h	4.3220	−0.373%	$1.8M	$2.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0600%	1h	4.3394	+0.028%	$1.3M	$5.6M	20x	as long as short
Nado NEAR-PERP	+0.0680%	1h	4.3330	−0.120%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0908%	8h	4.3460	+0.180%	$464K	$3.6M	75x	as long as short
Aftermath Perps NEARUSD	+0.1145%	1h	4.3167	−0.495%	$5K	$11K	10x	as long as short
Hyperliquid NEAR	+0.1525%	1h	4.3485	+0.237%	$376.7M	$296.1M	10x	as long as short
Lighter NEAR	+0.2112%	1h	4.3477	+0.220%	$16.7M	$23.5M	15x	as long as short