Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.043%

Price spread now: Aster against gTrade (Gains Network)+0.105%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$289as in the Price arb table

costs, in and out, $10k−$2932.928% of the position

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.100%+$10 on $10k

Price spread, last 3 days (all we have)−0.229%−$23 · spread now +0.105%, 7d avg +0.063%

Together, before fees−0.129%+ Points / potential airdropAster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aster is 0.042% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) NEAR/USD	4.1184	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	21m 36s	$204K	—	150x
Short	Aster NEARUSDT	4.1227	0.0100	get 0.0100% / 8h	2h 21m	$2.9M	$5.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now +0.105%Rate

Funding earned: $20.11
Price spread: +0.105% → +0.063%: $4.2
Slippage, 4 orders: −$274.78
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$268.47
Costs to cover: 2.928%
Break-even: 100.4 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 2 min ago; Aster: live order book, 2 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 gTrade (Gains Network) virtual book (oracle venue), 2 min ago	130.02 bp	135.0 bp −$135	875.9 bp −$8,759	9405.5 bp −$940.5K	doesn't fit
Sell Aster live order book, 2 min ago	4.84 bp	9.3 bp −$9	20.9 bp −$209	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	4.1188	+0.009%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1282	+0.238%	$2.1M	$12.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1220	+0.087%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1211	+0.066%	$411K	$19.0M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.1179	−0.012%	$1.8M	$2.1M	25x	as long as short
gTrade (Gains Network) NEAR/USDlong	L +0.0004% / S −0.0004%	1h	4.1184	long leg	$204K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	+0.549%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1220	+0.087%	$108K	$489K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1169	−0.036%	$53K	$159K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1178	−0.016%	$30K	$647	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDTshort	+0.0100%	8h	4.1227	+0.105%	$2.9M	$5.9M	50x
Pacifica NEAR	+0.0100%	1h	4.1212	+0.069%	$365K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1200	+0.038%	$234.6M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1166	−0.044%	$209.4M	$428.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1180	−0.010%	$56.3M	$275.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1200	+0.039%	$235K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1188	+0.010%	$29.3M	$58.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1200	+0.039%	$80.9M	$144.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1230	+0.112%	$55.7M	$45.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1183	−0.002%	$68.5M	$127.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1170	−0.034%	—	$136.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1444	+0.630%	$7.7M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1419	+0.569%	$236K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1420	+0.573%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1420	+0.573%	$182K	$790K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1226	+0.102%	$208K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1250	+0.160%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1156	−0.068%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1170	−0.034%	$3.8M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1164	−0.049%	$3.7M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1158	−0.064%	$199K	$65K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1180	−0.010%	$305K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0151%	1h	4.1164	−0.049%	$7.0M	$36.6M	50x	as long as short
01 Exchange NEARUSD	+0.0208%	1h	4.1238	+0.131%	$12K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1330	+0.355%	$12.2M	$33.7M	75x	as long as short
Lighter RH NEAR	+0.0296%	1h	4.1235	+0.124%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0361%	1h	4.1207	+0.056%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0317%	1h	4.1202	+0.043%	$272K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1180	−0.009%	$411K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1398	+0.520%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0770%	1h	4.1207	+0.056%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0848%	1h	4.1242	+0.141%	$15.2M	$23.0M	15x	as long as short
Hyperliquid NEAR	+0.0974%	1h	4.1273	+0.216%	$346.5M	$299.5M	10x	as long as short
Aftermath Perps NEARUSD	+0.0997%	1h	4.1384	+0.486%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1101%	8h	4.1330	+0.355%	$444K	$3.7M	75x	as long as short