Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1564%/8h= +171.2% APRpaid last 24h +0.306%

Price spread now: Aftermath Perps against Phemex−0.010%7-day average — · you buy dearer than you sell

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

Long on Phemex 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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$47 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex NEARUSDT	4.3280	−0.0057	get 0.0057% / 8h	7h 07m	$3.9M	$8.4M	50x
Short	Aftermath Perps NEARUSD	4.3276	0.1507	get 0.0188% / 1h	7m 52s	$5K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Phemex. 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 PhemexbpFee Aftermath PerpsbpOrdersPrice spread, now −0.010%Rate

Funding earned: $328.34
Price spread: −0.010% → 0.000%: −$1.02
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $306.33
Costs to cover: 0.210%
Break-even: 0.5 days

Slippage unknown: Phemex: live order book, 6 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 Phemex live order book, 6 min ago	10.36 bp	25.8 bp −$26	50.2 bp −$502	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	4.3156	−0.287%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3267	−0.030%	$8.0M	$37.9M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3282	+0.005%	$2.3M	$13.0M	50x	as long as short
Phemex NEARUSDTlong	−0.0057%	8h	4.3280	long leg	$3.9M	$8.4M	50x
dYdX NEAR-USD	0.0000%	1h	4.3158	−0.282%	$112K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3221	−0.136%	$346K	$18.6M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3221	−0.137%	$205K	—	150x	as long as short
Variational Omni NEAR	+0.0010%	8h	4.3248	−0.074%	$8.2M	$18.9M	—	as long as short
01 Exchange NEARUSD	+0.0032%	1h	4.3179	−0.233%	$13K	$7K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.321%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3160	−0.277%	$115K	$474K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3237	−0.099%	$57K	$162K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3122	−0.365%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3328	+0.111%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3199	−0.187%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3265	−0.035%	$258.3M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3234	−0.106%	$218.7M	$413.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3240	−0.092%	$61.1M	$278.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3170	−0.254%	$205K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3083	−0.454%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3255	−0.058%	$31.1M	$60.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3280	0.000%	$75.8M	$141.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3310	+0.069%	$56.2M	$42.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3253	−0.062%	$72.1M	$122.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3250	−0.069%	—	$141.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3305	+0.057%	$258K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3459	+0.414%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3340	+0.139%	$181K	$775K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3200	−0.185%	$198K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3210	−0.162%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3225	−0.127%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3270	−0.023%	$456K	$3.7M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3253	−0.063%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3217	−0.145%	$201K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3300	+0.046%	$13.2M	$27.8M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0307%	1h	4.3219	−0.142%	$275K	—	100x	as long as short
Hyperliquid NEAR	+0.0407%	1h	4.3338	+0.134%	$367.9M	$301.0M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3170	−0.254%	$403K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0434%	1h	4.3145	−0.313%	$1.9M	$3.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0444%	1h	4.3243	−0.085%	$1.9M	$3.9M	25x	as long as short
Lighter RH NEAR	+0.0472%	1h	4.3289	+0.021%	$1.6M	$7.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0486%	1h	4.3352	+0.166%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3638	+0.827%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSDshort	+0.1507%	1h	4.3276	−0.010%	$5K	$12K	10x
Lighter NEAR	+0.1800%	1h	4.3370	+0.207%	$17.3M	$24.7M	15x	as long as short