Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.1533%/8h= −167.9% APRnext payment $1.92 per $10,000 · paid last 24h −0.263%
Price spread now: Injective against Aftermath Perps−6.769%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$46 a day on $10k at the current rate, and Injective is 6.769% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$677 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps NEARUSD4.44160.1566pay 0.0196% / 1h18m 58s$6K$12K10x
ShortInjective NEAR/USDC PERP4.14100.0033get 0.0004% / 1h18m 58s$578$302K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Aftermath Perps. 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

Funding earned
−$321.94
Price spread: −6.769% → 0.000%
−$676.88
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$1,007.84
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aftermath Perps no order-book sample
Sell Injective no order-book sample
Aftermath Perps and Injective: 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 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.4517+0.227%$2K20xas long as short
Phemex NEARUSDT−0.0106%8h4.4480+0.143%$3.9M$8.2M50xas long as short
Coinbase International NEAR-PERP-INTX−0.0064%1h4.4544+0.287%$2.2M$14.6M50xas long as short
dYdX NEAR-USD0.0000%1h4.4532+0.259%$110K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4546+0.292%$683K$19.9M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.4490+0.165%$197K150xas long as short
Injective NEAR/USDC PERPshort+0.0033%1h4.1410−6.769%$578$302K12x
Variational Omni NEAR+0.0080%8h4.4757+0.766%$8.6M$18.5Mas long as short
Popdex NEARUSDT+0.0096%1h4.4550+0.301%$112K$492K50xas long as short
Pacifica NEAR+0.0100%1h4.4570+0.345%$419K$1.2M10xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance NEARUSDT+0.0100%8h4.4454+0.083%$269.5M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4410−0.015%$225.2M$422.2M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4390−0.060%$63.5M$292.3M50xas long as short
Arcus NEAR-USD+0.0100%1h4.4590+0.391%$212K$1.7M10xas long as short
Bulk NEAR-USD+0.0100%1h4.4050−0.825%$251K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4454+0.084%$32.1M$62.3M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4480+0.143%$76.7M$142.3M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4470+0.120%$54.7M$43.6M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4443+0.060%$73.3M$125.9M75xas long as short
BingX NEAR-USDC+0.0100%8h4.4420+0.008%$6.6Mas long as short
edgeX NEARUSDC+0.0100%4h4.4700+0.639%$282K$1.0M20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4339−0.174%$1.5M$1.3M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4720+0.683%$184K$765K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4576+0.359%$207K$3.6M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4464+0.107%$61K$190K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4550+0.301%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4495+0.177%$5K$51K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4560+0.323%$461K$3.9M75xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.4523+0.239%$32K$60810xas long as short
Extended NEAR-USD+0.0104%1h4.4418+0.004%$3.9M$18.5M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.4500+0.188%$207K$34K3xas long as short
Aster NEARUSDT+0.0192%8h4.4540+0.278%$3.1M$5.8M50xas long as short
Kraken Futures PF_NEARUSD+0.0213%1h4.4523+0.239%$8.1M$40.8M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0354% / S −0.0248%1h4.4484+0.151%$263K100xas long as short
Nado NEAR-PERP+0.0365%1h4.4529+0.254%$1.9M$3.1M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0380%1h4.4506+0.202%$1.9M$4.2M25xas long as short
01 Exchange NEARUSD+0.0424%1h4.4622+0.463%$13K$7K10xas long as short
RISEx NEAR/USDC+0.0509%1h4.4591+0.393%$567K$1.3M10xas long as short
Phoenix NEAR+0.0592%1h4.4597+0.406%$1.8M$2.6M10xas long as short
Lighter RH NEAR+0.0848%1h4.4594+0.400%$1.7M$7.0M10xas long as short
Hyperliquid NEAR+0.0918%1h4.4560+0.323%$376.7M$308.0M10xas long as short
Backpack NEAR_USDC_PERP+0.0957%1h4.4525+0.244%$1.4M$6.3M20xas long as short
Aftermath Perps NEARUSDlong+0.1566%1h4.4416long leg$6K$12K10x
Lighter NEAR+0.1736%1h4.4630+0.480%$17.8M$25.5M15xas long as short