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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.1129%/8h= −123.7% APRnext payment $1.41 per $10,000 · paid last 24h −0.323%
Price spread now: Popdex against Aftermath Perps+0.490%7-day average · you sell dearer than you buy
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
The price spread pays, funding is against you. Popdex is 0.490% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.490% now, against zero (this spread has no 7-day history yet)): +$49 on $10k if it goes back. Holding the pair costs −$34 a day in funding at the current rate, which eats that in about 35 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps NEARUSD4.47710.1225pay 0.0153% / 1h41m 49s$6K$12K10x
ShortPopdex NEARUSDT4.49900.0096get 0.0012% / 1h41m 49s$112K$494K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex 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
−$237.15
Price spread: +0.490% → 0.000%
$48.98
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$203.57
Costs to cover
0.154%
Break-even
from the start
Slippage unknown: Aftermath Perps: no order-book sample; Popdex: live order book, 2 min ago. 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 Popdex live order book, 2 min ago3.34 bp7.9 bp −$853.2 bp −$532doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.5000+0.513%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4926+0.348%$111K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4981+0.471%$169K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.506%$578$301K12xas long as short
Popdex NEARUSDTshort+0.0096%1h4.4990+0.490%$112K$494K50x
Bybit NEARUSDT+0.0100%8h4.4997+0.505%$231.6M$429.8M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4980+0.467%$63.6M$302.2M50xas long as short
Bulk NEAR-USD+0.0100%1h4.5008+0.530%$256K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4900+0.289%$35.1M$60.2M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4940+0.378%$53.7M$45.9M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.4932+0.360%$74.5M$127.2M75xas long as short
Variational Omni NEAR+0.0100%8h4.4687−0.187%$9.0M$18.5Mas long as short
edgeX NEARUSDC+0.0100%4h4.4779+0.019%$262K$967K20xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4740−0.069%$168K$804K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4999+0.510%$281K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.5022+0.561%$59K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.5070+0.668%$2K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.5100+0.735%$469K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4950+0.400%$3.7M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0107%8h4.4960+0.423%$32K$58510xas long as short
GRVT NEAR_USDT_Perp+0.0123%8h4.4756−0.033%$1.5M$1.5M10xas long as short
Aevo NEAR-PERP+0.0128%1h4.5034+0.587%$209K$40K3xas long as short
BingX NEAR-USDC+0.0176%8h4.4980+0.467%$6.7Mas long as short
MEXC NEAR_USDT+0.0184%8h4.4960+0.423%$86.2M$145.6M200xas long as short
Binance NEARUSDT+0.0187%8h4.4971+0.448%$273.8M$1.09B75xas long as short
SoDEX NEAR-USD+0.0205%1h4.4900+0.289%$5K$52K10xas long as short
Kalshi KXNEARPERP+0.0293%8h4.4945+0.389%$1.1M$25.0M2.2xas long as short
BloFin NEAR-USDT+0.0305%8h4.4830+0.132%$13.6M$33.1M75xas long as short
Extended NEAR-USD+0.0320%1h4.4910+0.312%$3.7M$18.8M25xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0336% / S −0.0229%1h4.4991+0.492%$258K100xas long as short
Aster NEARUSDT+0.0338%8h4.4970+0.445%$2.9M$5.0M50xas long as short
Coinbase International NEAR-PERP-INTX+0.0424%1h4.5012+0.539%$2.3M$16.6M50xas long as short
01 Exchange NEARUSD+0.0480%1h4.4985+0.479%$13K$7K10xas long as short
Nado NEAR-PERP+0.0538%1h4.5020+0.557%$1.8M$3.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0582%1h4.4959+0.421%$1.3M$6.5M20xas long as short
Hyperliquid NEAR+0.0592%1h4.4976+0.459%$370.6M$310.9M10xas long as short
Kraken Futures PF_NEARUSD+0.0649%1h4.4960+0.422%$7.5M$38.3M50xas long as short
Arcus NEAR-USD+0.0880%1h4.4980+0.467%$229K$1.6M10xas long as short
Lighter RH NEAR+0.0992%1h4.5037+0.595%$1.5M$6.7M10xas long as short
Phoenix NEAR+0.1003%1h4.4991+0.492%$1.9M$2.5M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1017%1h4.5031+0.581%$2.0M$12.3M25xas long as short
Lighter NEAR+0.1040%1h4.5049+0.622%$17.7M$24.7M15xas long as short
Pacifica NEAR+0.1187%1h4.4955+0.412%$414K$1.4M10xas long as short
Aftermath Perps NEARUSDlong+0.1225%1h4.4771long leg$6K$12K10x
RISEx NEAR/USDC+0.1259%1h4.4984+0.477%$674K$1.4M10xas long as short