Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1146%/8h= +125.5% APRpaid last 24h +0.322%

Price spread now: Aftermath Perps against GRVT−0.463%67s7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. Aftermath Perps is 0.463% cheaper against GRVT than usual: you would sell low and buy high (spread −0.463% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$46 on $10k: about 32 hours of funding at the current rate (+$34 a day). The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT NEAR_USDT_Perp	4.4780	0.0122	pay 0.0122% / 8h	1h 35m	$1.5M	$1.5M	10x
Short	Aftermath Perps NEARUSD	4.4573	0.1268	get 0.0158% / 1h	35m 50s	$6K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against GRVT. 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 GRVTbpFee Aftermath PerpsbpOrdersPrice spread, now −0.463%Rate

Funding earned: $240.64
Price spread: −0.463% → 0.000%: −$46.33
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $176.31
Costs to cover: 0.180%
Break-even: 1.9 days

Slippage unknown: GRVT: 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 GRVT live order book, 2 min ago	3.39 bp	10.0 bp −$10	37.4 bp −$374	doesn't fit	doesn't fit
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	4.4223	−1.244%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4230	−1.228%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4124	−1.465%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.526%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4300	−1.072%	$111K	$493K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4246	−1.192%	$224.4M	$436.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4240	−1.206%	$62.5M	$298.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5008	+0.509%	$256K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4203	−1.289%	$35.4M	$61.1M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4240	−1.206%	$53.4M	$46.4M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4255	−1.172%	$73.2M	$128.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4297	−1.078%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4677	−0.229%	$261K	$964K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5020	+0.536%	$170K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4271	−1.137%	$299K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4207	−1.280%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4250	−1.184%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4280	−1.117%	$464K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4200	−1.295%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0106%	8h	4.4219	−1.253%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perplong	+0.0122%	8h	4.4780	long leg	$1.5M	$1.5M	10x
Aevo NEAR-PERP	+0.0128%	1h	4.4215	−1.262%	$206K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0166%	1h	4.4190	−1.318%	$5K	$53K	10x	as long as short
MEXC NEAR_USDT	+0.0190%	8h	4.4240	−1.206%	$80.4M	$147.1M	200x	as long as short
BingX NEAR-USDT	+0.0190%	8h	4.4230	−1.228%	—	$143.9M	—	as long as short
Binance NEARUSDT	+0.0191%	8h	4.4267	−1.146%	$270.1M	$1.09B	75x	as long as short
Extended NEAR-USD	+0.0240%	1h	4.4189	−1.319%	$3.7M	$18.7M	25x	as long as short
Kalshi KXNEARPERP	+0.0282%	8h	4.4245	−1.195%	$1.1M	$25.2M	2.2x	as long as short
BloFin NEAR-USDT	+0.0311%	8h	4.4310	−1.050%	$13.4M	$32.7M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0197%	1h	4.4185	−1.329%	$235K	—	100x	as long as short
Aster NEARUSDT	+0.0326%	8h	4.4222	−1.246%	$2.8M	$5.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4187	−1.324%	$2.3M	$16.7M	50x	as long as short
01 Exchange NEARUSD	+0.0448%	1h	4.4333	−0.998%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0484%	1h	4.4228	−1.233%	$362.1M	$312.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0490%	1h	4.4189	−1.320%	$1.4M	$6.8M	20x	as long as short
Nado NEAR-PERP	+0.0599%	1h	4.4235	−1.217%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0661%	1h	4.4169	−1.364%	$7.3M	$38.5M	50x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4350	−0.960%	$225K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0896%	1h	4.4269	−1.141%	$1.5M	$6.7M	10x	as long as short
Lighter NEAR	+0.0904%	1h	4.4244	−1.197%	$17.4M	$25.1M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0927%	1h	4.4226	−1.237%	$1.9M	$13.1M	25x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4771	−0.020%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4239	−1.208%	$408K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4193	−1.311%	$661K	$1.4M	10x	as long as short
Aftermath Perps NEARUSDshort	+0.1268%	1h	4.4573	−0.463%	$6K	$12K	10x