Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0312%/8h= +34.1% APRpaid last 24h +0.031%

Price spread now: Aster against dYdX+0.158%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$190as in the Price arb table

costs, in and out, $10k−$1991.995% of the position

Long on dYdX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.218%+$22 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.158%, 7d avg +0.064%

Together, before fees+0.170%+ Points / potential airdropAster: Stage 5 · farm board+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Aster is 0.094% dearer against dYdX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.064%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.218% in total (about 11.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX NEAR-USD	4.3709	0	get 0.0000% / 1h	57m 35s	$108K	$69K	10x
Short	Aster NEARUSDT	4.3777	0.0312	get 0.0312% / 8h	3h 57m	$2.9M	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against dYdX. 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 dYdXbpFee AsterbpOrdersPrice spread, now +0.158%Rate

Funding earned: $65.44
Price spread: +0.158% → +0.064%: $9.37
Slippage, 4 orders: −$181.47
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$124.66
Costs to cover: 1.995%
Break-even: 20.3 days

Slippage from dYdX: live order book, 61 min ago; Aster: live order book, 1 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 dYdX live order book, 61 min ago	84.80 bp	89.8 bp −$90	89.8 bp −$898	109.0 bp −$10.9K	146.4 bp −$73.2K
Sell Aster live order book, 1 min ago	4.56 bp	8.8 bp −$9	17.6 bp −$176	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	4.3654	−0.126%	$2K	—	20x	as long as short
dYdX NEAR-USDlong	0.0000%	1h	4.3709	long leg	$108K	$69K	10x
Kalshi KXNEARPERP	0.0000%	8h	4.3928	+0.502%	$623K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3789	+0.184%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.259%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3800	+0.209%	$2.2M	$15.6M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3670	−0.088%	$112K	$498K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3725	+0.038%	$269.9M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3648	−0.139%	$220.2M	$422.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3670	−0.088%	$62.4M	$292.8M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk NEAR-USD	+0.0100%	1h	4.3879	+0.389%	$250K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3694	−0.033%	$31.9M	$60.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3770	+0.141%	$76.3M	$142.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3740	+0.072%	$54.5M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3659	−0.113%	$71.7M	$129.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3700	−0.020%	—	$146.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3907	+0.455%	$8.5M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3935	+0.518%	$264K	$939K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3900	+0.438%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3920	+0.484%	$169K	$800K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3682	−0.061%	$244K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3817	+0.248%	$56K	$244K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3940	+0.529%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3880	+0.392%	$454K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3840	+0.301%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3697	−0.027%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3818	+0.251%	$204K	$40K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3910	+0.461%	$13.8M	$32.5M	75x	as long as short
SoDEX NEAR-USD	+0.0249%	1h	4.3780	+0.163%	$8K	$52K	10x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3745	+0.084%	$416K	$1.2M	10x	as long as short
Aster NEARUSDTshort	+0.0312%	8h	4.3777	+0.158%	$2.9M	$5.5M	50x
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0191%	1h	4.3788	+0.181%	$233K	—	100x	as long as short
Hyperliquid NEAR	+0.0548%	1h	4.3727	+0.042%	$360.2M	$320.4M	10x	as long as short
01 Exchange NEARUSD	+0.0584%	1h	4.3743	+0.079%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0588%	1h	4.3817	+0.248%	$1.3M	$6.3M	20x	as long as short
Extended NEAR-USD	+0.0592%	1h	4.3681	−0.064%	$3.9M	$19.6M	25x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0595%	1h	4.3804	+0.218%	$2.0M	$7.4M	25x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3720	+0.026%	$215K	$1.6M	10x	as long as short
Nado NEAR-PERP	+0.0667%	1h	4.3669	−0.090%	$1.9M	$3.1M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0704%	1h	4.3794	+0.195%	$7.8M	$39.8M	50x	as long as short
Phoenix NEAR	+0.0794%	1h	4.3982	+0.626%	$1.8M	$2.8M	10x	as long as short
Lighter RH NEAR	+0.0896%	1h	4.3848	+0.319%	$1.6M	$7.0M	10x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3727	+0.043%	$600K	$1.4M	10x	as long as short
Lighter NEAR	+0.1368%	1h	4.3836	+0.291%	$17.7M	$24.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1620%	1h	4.3890	+0.415%	$5K	$12K	10x	as long as short