Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0232%/8h= +25.5% APRpaid last 24h −0.072%

Price spread now: Aster against Kraken Futures+0.327%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$470.474% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 3 days (all we have)−0.324%−$32 · spread now +0.327%, 7d avg +0.026%

Together, before fees−0.455%+ Points / potential airdropAster: Stage 5 · farm board−$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Aster is 0.300% dearer against Kraken Futures than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.026%. Mind the row above: over the last 7 days funding on this pair cost −0.131%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.131% in total (about -6.8% 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	Kraken Futures PF_NEARUSD	4.2464	−0.0132	get 0.0017% / 1h	37m 21s	$7.5M	$36.9M	50x
Short	Aster NEARUSDT	4.2602	0.0100	get 0.0100% / 8h	7h 37m	$3.0M	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now +0.327%Rate

Funding earned: $48.82
Price spread: +0.327% → +0.026%: $30.04
Slippage, 4 orders: −$29.37
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $31.49
Costs to cover: 0.474%
Break-even: 2.5 days

Slippage from Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago	5.38 bp	17.7 bp −$18	21.1 bp −$211	50.4 bp −$5,037	5316.9 bp −$2.66M
Sell Aster live order book, 1 min ago	3.52 bp	8.7 bp −$9	17.7 bp −$177	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	4.2465	+0.004%	$2K	—	20x	as long as short
Bybit NEARUSDT	−0.0148%	8h	4.2450	−0.032%	$216.1M	$417.3M	75x	as long as short
Gate NEAR_USDT	−0.0133%	8h	4.2475	+0.027%	$30.6M	$59.0M	75x	as long as short
Kraken Futures PF_NEARUSDlong	−0.0132%	1h	4.2464	long leg	$7.5M	$36.9M	50x
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2693	+0.540%	$2.2M	$13.1M	50x	as long as short
01 Exchange NEARUSD	−0.0032%	1h	4.2598	+0.316%	$12K	$7K	10x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2574	+0.260%	$110K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2724	+0.613%	$430K	$18.5M	2.2x	as long as short
Variational Omni NEAR	+0.0002%	8h	4.2588	+0.294%	$7.9M	$18.7M	—	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2492	+0.066%	$201K	—	150x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.481%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2580	+0.274%	$111K	$481K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2477	+0.031%	$56K	$193K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2570	+0.249%	$31K	$647	10x	as long as short
Aster NEARUSDTshort	+0.0100%	8h	4.2602	+0.327%	$3.0M	$5.7M	50x
Pacifica NEAR	+0.0100%	1h	4.2573	+0.258%	$399K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2490	+0.062%	$252.6M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2440	−0.056%	$60.3M	$276.0M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2610	+0.345%	$195K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2709	+0.579%	$243K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2480	+0.038%	$77.8M	$139.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2500	+0.085%	$55.6M	$43.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2459	−0.011%	$70.5M	$124.8M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2480	+0.038%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2741	+0.653%	$275K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2750	+0.674%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2800	+0.792%	$179K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2495	+0.074%	$191K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2640	+0.415%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2444	−0.046%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2540	+0.180%	$453K	$3.6M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2500	+0.085%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2444	−0.047%	$3.8M	$17.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2465	+0.003%	$198K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0177%	1h	4.2526	+0.147%	$359.9M	$300.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0197%	1h	4.2500	+0.085%	$1.9M	$3.2M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2470	+0.015%	$13.1M	$28.6M	75x	as long as short
Lighter RH NEAR	+0.0328%	1h	4.2625	+0.380%	$1.6M	$6.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0372% / S −0.0308%	1h	4.2487	+0.055%	$271K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0426%	1h	4.2610	+0.345%	$1.3M	$5.7M	20x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2619	+0.365%	$403K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0499%	1h	4.2790	+0.768%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0517%	1h	4.2471	+0.018%	$1.9M	$3.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1320%	1h	4.2758	+0.692%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.2032%	1h	4.2586	+0.289%	$17.0M	$24.0M	15x	as long as short