Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0197%/8h= −21.6% APRpaid last 24h −0.175%

Price spread now: Aster against Hyperliquid−0.069%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.383%−$38 on $10k

Price spread, last 7 days+0.136%+$14 · spread now −0.069%, 7d avg −0.061%

Together, before fees−0.247%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.061%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid NEAR	4.3486	0.0469	pay 0.0059% / 1h	7m 47s	$354.0M	$313.9M	10x
Short	Aster NEARUSDT	4.3456	0.0272	get 0.0272% / 8h	1h 07m	$2.8M	$4.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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 HyperliquidbpFee AsterbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$41.36
Price spread: −0.069% → −0.061%: −$0.81
Slippage, 4 orders: −$13.08
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$72.25
Costs to cover: 0.301%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 6 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 Hyperliquid live order book, 6 min ago	0.11 bp	5.6 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	3.45 bp	9.3 bp −$9	17.0 bp −$170	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	4.3457	−0.067%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3435	−0.118%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3478	−0.018%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.774%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3440	−0.106%	$109K	$484K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3449	−0.085%	$219.6M	$431.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3450	−0.083%	$61.1M	$292.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3565	+0.182%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3439	−0.108%	$35.3M	$62.3M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3460	−0.060%	$52.6M	$46.0M	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	4.3448	−0.087%	$71.9M	$128.5M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3567	+0.186%	$8.7M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3862	+0.864%	$256K	$903K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3570	+0.193%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3610	+0.285%	$164K	$805K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3470	−0.037%	$288K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3526	+0.092%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3550	+0.147%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3500	+0.032%	$5K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3540	+0.124%	$460K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3480	−0.014%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.3448	−0.087%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3440	−0.106%	$3.6M	$18.0M	25x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.3535	+0.113%	$202K	$38K	3x	as long as short
BingX NEAR-USDT	+0.0203%	8h	4.3460	−0.060%	—	$144.6M	—	as long as short
MEXC NEAR_USDT	+0.0212%	8h	4.3470	−0.037%	$77.1M	$150.6M	200x	as long as short
Binance NEARUSDT	+0.0213%	8h	4.3370	−0.267%	$263.4M	$1.08B	75x	as long as short
Kalshi KXNEARPERP	+0.0228%	8h	4.3464	−0.051%	$957K	$25.1M	2.2x	as long as short
Aster NEARUSDTshort	+0.0272%	8h	4.3456	−0.069%	$2.8M	$4.8M	50x
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0200%	1h	4.3481	−0.012%	$232K	—	100x	as long as short
BloFin NEAR-USDT	+0.0332%	8h	4.3490	+0.009%	$13.5M	$32.2M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0394%	1h	4.3484	−0.005%	$1.3M	$6.9M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.3469	−0.039%	$2.3M	$16.6M	50x	as long as short
01 Exchange NEARUSD	+0.0456%	1h	4.3460	−0.060%	$13K	$7K	10x	as long as short
Hyperliquid NEARlong	+0.0469%	1h	4.3486	long leg	$354.0M	$313.9M	10x
Nado NEAR-PERP	+0.0543%	1h	4.3434	−0.120%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0671%	1h	4.3486	+0.001%	$7.2M	$38.3M	50x	as long as short
Lighter NEAR	+0.0768%	1h	4.3431	−0.127%	$17.1M	$25.5M	15x	as long as short
Lighter RH NEAR	+0.0856%	1h	4.3376	−0.253%	$1.5M	$6.8M	10x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.3460	−0.060%	$224K	$1.6M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.3483	−0.007%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1130%	1h	4.3539	+0.122%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.1187%	1h	4.3469	−0.040%	$401K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.3465	−0.049%	$656K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1325%	1h	4.3702	+0.497%	$5K	$12K	10x	as long as short