Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0108%/8h= −11.9% APRpaid last 24h −0.034%

Price spread now: dYdX against Aster−0.056%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$940.944% of the position

Long on Aster Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.218%−$22 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.056%, 7d avg −0.065%

Together, before fees−0.234%+ Points / potential airdropAster: Stage 5 · farm board−$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.065%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NEARUSDT	4.3610	0.0108	pay 0.0108% / 8h	4m 34s	$2.7M	$4.8M	50x
Short	dYdX NEAR-USD	4.3586	0	get 0.0000% / 1h	4m 34s	$107K	$68K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$22.77
Price spread: −0.056% → −0.065%: $0.93
Slippage, 4 orders: −$76.43
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$116.27
Costs to cover: 0.944%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; dYdX: live order book, 34 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, 4 min ago	1.14 bp	12.7 bp −$13	23.4 bp −$234	doesn't fit	doesn't fit
Sell dYdX live order book, 34 min ago	28.93 bp	33.9 bp −$34	59.4 bp −$594	196.9 bp −$19.7K	687.1 bp −$343.6K

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	4.3591	−0.044%	$2K	—	20x	as long as short
dYdX NEAR-USDshort	0.0000%	1h	4.3586	−0.056%	$107K	$68K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3640	+0.069%	$163K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3642	+0.073%	$7.2M	$38.6M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.045%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3590	−0.046%	$114K	$499K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3549	−0.140%	$220.1M	$429.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3520	−0.207%	$61.5M	$295.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3750	+0.320%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3572	−0.088%	$35.9M	$63.2M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3690	+0.183%	$53.0M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3578	−0.074%	$72.1M	$127.9M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3549	−0.140%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3722	+0.257%	$253K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3681	+0.163%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3680	+0.160%	$167K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3608	−0.005%	$274K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3614	+0.009%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3630	+0.045%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3626	+0.036%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3650	+0.091%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3651	+0.093%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3578	−0.075%	$3.6M	$16.5M	25x	as long as short
Aster NEARUSDTlong	+0.0108%	8h	4.3610	long leg	$2.7M	$4.8M	50x
Aevo NEAR-PERP	+0.0120%	1h	4.3631	+0.047%	$203K	$38K	3x	as long as short
Hyperliquid NEAR	+0.0139%	1h	4.3714	+0.238%	$352.4M	$316.1M	10x	as long as short
MEXC NEAR_USDT	+0.0146%	8h	4.3590	−0.046%	$89.1M	$154.6M	200x	as long as short
Binance NEARUSDT	+0.0146%	8h	4.3592	−0.041%	$263.4M	$1.09B	75x	as long as short
HTX NEAR-USDT	+0.0157%	8h	4.3670	+0.137%	$465K	$3.8M	75x	as long as short
BingX NEAR-USDC	+0.0162%	8h	4.3600	−0.024%	—	$6.7M	—	as long as short
Kalshi KXNEARPERP	+0.0172%	8h	4.3557	−0.122%	$951K	$25.1M	2.2x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.3639	+0.066%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0266%	8h	4.3670	+0.137%	$13.4M	$32.2M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0342% / S −0.0241%	1h	4.3646	+0.083%	$254K	—	100x	as long as short
Nado NEAR-PERP	+0.0365%	1h	4.3534	−0.175%	$1.6M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0468%	1h	4.3716	+0.242%	$1.1M	$7.2M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3572	−0.088%	$2.3M	$17.0M	50x	as long as short
Lighter RH NEAR	+0.0496%	1h	4.3653	+0.098%	$1.5M	$6.8M	10x	as long as short
Lighter NEAR	+0.0544%	1h	4.3637	+0.061%	$17.2M	$25.4M	15x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3620	+0.022%	$228K	$1.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0828%	1h	4.3643	+0.075%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.0949%	1h	4.3643	+0.076%	$411K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0949%	1h	4.3865	+0.584%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3615	+0.010%	$605K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1124%	1h	4.3620	+0.022%	$5K	$7K	10x	as long as short