Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1021%/8h= +111.8% APRpaid last 24h +0.324%

Price spread now: Aftermath Perps against Gate−0.020%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 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 0.020% cheaper against Gate than usual: you would sell low and buy high (spread −0.020% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$31 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.3599	0.0100	pay 0.0100% / 8h	1m 52s	$35.9M	$63.2M	75x
Short	Aftermath Perps NEARUSD	4.3590	0.1121	get 0.0140% / 1h	1m 52s	$5K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Gate. 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 GatebpFee Aftermath PerpsbpOrdersPrice spread, now −0.020%Rate

Funding earned: $214.32
Price spread: −0.020% → 0.000%: −$2.02
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $188.3
Costs to cover: 0.240%
Break-even: 0.8 days

Slippage unknown: Gate: live order book, 2 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 Gate live order book, 2 min ago	2.52 bp	14.7 bp −$15	17.5 bp −$175	35.7 bp −$3,574	57.2 bp −$28.6K
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	4.3597	−0.005%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3534	−0.149%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3561	−0.087%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3610	+0.025%	$7.2M	$38.7M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.021%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3530	−0.158%	$114K	$500K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3623	+0.055%	$219.8M	$430.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3620	+0.048%	$61.5M	$296.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	+0.346%	$249K	−$0	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.3599	long leg	$35.9M	$63.2M	75x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3600	+0.002%	$52.8M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3629	+0.069%	$72.1M	$127.9M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3549	−0.114%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3722	+0.283%	$253K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3681	+0.189%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3680	+0.186%	$167K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3550	−0.112%	$272K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3579	−0.046%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3640	+0.094%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3610	+0.025%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3590	−0.021%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3521	−0.178%	$31K	$585	10x	as long as short
Aster NEARUSDT	+0.0102%	8h	4.3610	+0.026%	$2.7M	$4.8M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3591	−0.019%	$3.6M	$16.4M	25x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.3584	−0.034%	$203K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0132%	1h	4.3666	+0.154%	$351.8M	$316.3M	10x	as long as short
Binance NEARUSDT	+0.0142%	8h	4.3636	+0.086%	$263.6M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0144%	8h	4.3610	+0.025%	$88.8M	$154.7M	200x	as long as short
BingX NEAR-USDT	+0.0154%	8h	4.3620	+0.048%	—	$83.2M	—	as long as short
HTX NEAR-USDT	+0.0160%	8h	4.3680	+0.186%	$465K	$3.8M	75x	as long as short
Kalshi KXNEARPERP	+0.0167%	8h	4.3592	−0.016%	$916K	$25.1M	2.2x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.3561	−0.087%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0264%	8h	4.3630	+0.071%	$13.4M	$32.1M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0242%	1h	4.3563	−0.083%	$253K	—	100x	as long as short
Nado NEAR-PERP	+0.0370%	1h	4.3505	−0.216%	$1.6M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0474%	1h	4.3623	+0.055%	$1.1M	$7.2M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3660	+0.140%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0512%	1h	4.3632	+0.076%	$1.5M	$6.8M	10x	as long as short
Lighter NEAR	+0.0560%	1h	4.3672	+0.167%	$17.2M	$25.4M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3570	−0.067%	$228K	$1.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0944%	1h	4.3609	+0.023%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3538	−0.141%	$410K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3702	+0.236%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3559	−0.093%	$604K	$1.4M	10x	as long as short
Aftermath Perps NEARUSDshort	+0.1121%	1h	4.3590	−0.020%	$5K	$7K	10x