Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.044%

Price spread now: Coinbase International against Aster−0.375%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.243%−$24 on $10k

Price spread, last 4 days (all we have)+0.415%+$41 · spread now −0.375%, 7d avg −0.077%

Together, before fees+0.172%+ Points / potential airdropAster: Stage 5 · farm board+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Coinbase International is 0.298% cheaper against Aster than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.077%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NEARUSDT	4.4448	0.0345	pay 0.0345% / 8h	2h 02m	$2.9M	$5.2M	50x
Short	Coinbase International NEAR-PERP-INTX	4.4281	0.0256	get 0.0032% / 1h	2m 40s	$2.3M	$16.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.375%Rate

Funding earned: −$18.61
Price spread: −0.375% → −0.077%: −$29.84
Slippage, 4 orders: −$22.83
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$89.28
Costs to cover: 0.408%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Coinbase International: 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 Aster live order book, 1 min ago	3.39 bp	8.7 bp −$9	21.1 bp −$211	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	5.54 bp	11.3 bp −$11	14.8 bp −$148	610.7 bp −$61.1K	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	4.4162	−0.643%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4395	−0.119%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4226	−0.499%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.834%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4430	−0.040%	$113K	$497K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4409	−0.087%	$223.8M	$423.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4410	−0.085%	$62.5M	$296.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4419	−0.063%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4410	−0.085%	$33.9M	$61.4M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4460	+0.028%	$53.6M	$46.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4416	−0.071%	$73.3M	$127.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4197	−0.563%	$8.9M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4142	−0.687%	$258K	$965K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4184	−0.593%	$272K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4306	−0.319%	$58K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4270	−0.400%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4370	−0.175%	$470K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4320	−0.287%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4360	−0.198%	$32K	$608	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0111%	8h	4.4060	−0.872%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.4369	−0.176%	$206K	$40K	3x	as long as short
MEXC NEAR_USDT	+0.0143%	8h	4.4440	−0.017%	$85.3M	$146.9M	200x	as long as short
BingX NEAR-USDT	+0.0144%	8h	4.4440	−0.017%	—	$143.9M	—	as long as short
Binance NEARUSDT	+0.0147%	8h	4.4440	−0.017%	$270.1M	$1.09B	75x	as long as short
Coinbase International NEAR-PERP-INTXshort	+0.0256%	1h	4.4281	−0.375%	$2.3M	$16.4M	50x
BloFin NEAR-USDT	+0.0264%	8h	4.4300	−0.332%	$13.4M	$32.7M	75x	as long as short
Kalshi KXNEARPERP	+0.0312%	8h	4.4238	−0.472%	$1.1M	$24.7M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0201%	1h	4.4175	−0.615%	$236K	—	100x	as long as short
Aster NEARUSDTlong	+0.0345%	8h	4.4448	long leg	$2.9M	$5.2M	50x
Nado NEAR-PERP	+0.0392%	1h	4.4132	−0.711%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0448%	1h	4.4407	−0.092%	$3.7M	$19.2M	25x	as long as short
ApeX Omni NEARUSDT	+0.0450%	1h	4.4150	−0.670%	$167K	$803K	50x	as long as short
SoDEX NEAR-USD	+0.0493%	1h	4.4305	−0.321%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0688%	1h	4.4416	−0.071%	$365.6M	$311.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0697%	1h	4.4372	−0.170%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0704%	1h	4.4494	+0.104%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0714%	1h	4.4321	−0.284%	$7.4M	$39.1M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.4460	+0.028%	$227K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.4412	−0.081%	$407K	$1.4M	10x	as long as short
Lighter NEAR	+0.0936%	1h	4.4451	+0.007%	$17.4M	$25.3M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.4241	−0.465%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1104%	1h	4.4446	−0.004%	$1.5M	$7.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.4452	+0.009%	$691K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1252%	1h	4.3970	−1.075%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1443%	1h	4.4376	−0.161%	$2.0M	$12.1M	25x	as long as short