Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1150%/8h= +125.9% APRpaid last 24h +0.330%

Price spread now: Aftermath Perps against OKX−0.917%7-day average — · you buy dearer than you sell

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

Long on OKX 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 0.917% cheaper against OKX than usual: you would sell low and buy high (spread −0.917% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$92 on $10k: about 2.7 days of funding at the current rate (+$34 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NEAR-USDT-SWAP	4.5560	0.0100	pay 0.0100% / 8h	7h 03m	$64.7M	$310.6M	50x
Short	Aftermath Perps NEARUSD	4.5142	0.1250	get 0.0156% / 1h	3m 39s	$6K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against OKX. 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 OKXbpFee Aftermath PerpsbpOrdersPrice spread, now −0.917%Rate

Funding earned: $241.5
Price spread: −0.917% → 0.000%: −$91.74
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $130.75
Costs to cover: 0.190%
Break-even: 3.2 days

Slippage unknown: OKX: live order book, 5 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 OKX live order book, 5 min ago	1.11 bp	8.3 bp −$8	19.8 bp −$198	45.7 bp −$4,572	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
Kraken Futures PF_NEARUSD	−0.0414%	1h	4.5573	+0.029%	$7.5M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.5635	+0.165%	$2K	—	20x	as long as short
Phemex NEARUSDT	−0.0137%	8h	4.5530	−0.066%	$3.6M	$7.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5519	−0.090%	$111K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5509	−0.112%	$171K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−9.109%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5600	+0.088%	$120K	$511K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5548	−0.026%	$2.7M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5540	−0.044%	$276.3M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5500	−0.132%	$235.0M	$431.5M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.5560	long leg	$64.7M	$310.6M	50x
Arcus NEAR-USD	+0.0100%	1h	4.5700	+0.307%	$238K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5050	−1.119%	$260K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5497	−0.138%	$39.0M	$64.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5510	−0.110%	$88.0M	$166.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5550	−0.022%	$54.0M	$45.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5541	−0.042%	$75.2M	$127.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.5570	+0.022%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5318	−0.532%	$9.4M	$17.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5137	−0.927%	$267K	$899K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5222	−0.742%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5110	−0.988%	$170K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5625	+0.143%	$284K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5560	0.000%	$58K	$239K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5680	+0.263%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5565	+0.011%	$5K	$49K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5543	−0.037%	$3.8M	$15.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5584	+0.053%	$212K	$38K	3x	as long as short
Paradex NEAR-USD-PERP	+0.0106%	8h	4.5537	−0.051%	$33K	$413	10x	as long as short
Kalshi KXNEARPERP	+0.0130%	8h	4.5642	+0.180%	$943K	$25.5M	2.2x	as long as short
Nado NEAR-PERP	+0.0210%	1h	4.5600	+0.088%	$1.8M	$3.2M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5450	−0.241%	$12.8M	$33.5M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0244%	1h	4.5582	+0.048%	$268K	—	100x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.5612	+0.114%	$13K	$6K	10x	as long as short
HTX NEAR-USDT	+0.0392%	8h	4.5690	+0.285%	$481K	$3.8M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.5651	+0.200%	$2.4M	$18.0M	50x	as long as short
Hyperliquid NEAR	+0.0490%	1h	4.5586	+0.057%	$371.3M	$318.6M	10x	as long as short
Lighter NEAR	+0.0560%	1h	4.5604	+0.097%	$17.9M	$24.3M	15x	as long as short
Lighter RH NEAR	+0.0592%	1h	4.5608	+0.105%	$1.6M	$6.6M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0643%	1h	4.5571	+0.024%	$1.1M	$7.2M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.5686	+0.277%	$649K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.5542	−0.040%	$429K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.4971	−1.293%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSDshort	+0.1250%	1h	4.5142	−0.917%	$6K	$7K	10x
Deribit NEAR_USDC-PERPETUAL	+0.2276%	1h	4.5640	+0.176%	$2.0M	$13.1M	25x	as long as short