Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.041%

Price spread now: Injective against Aster−4.366%7-day average +0.957% · you buy dearer than you sell

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

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 3 days (all we have)+6.256%+$626 · spread now −4.366%, 7d avg +0.957%

Together, before fees+6.249%+ Points / potential airdropAster: Stage 5 · farm board+$625 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 5.323% cheaper against Aster than usual: you would sell low and buy high (−$532 if the spread goes back to its 7-day average of +0.957%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NEARUSDT	4.3301	0.0100	pay 0.0100% / 8h	7h 03m	$3.0M	$5.8M	50x
Short	Injective NEAR/USDC PERP	4.1410	0.0033	get 0.0004% / 1h	3m 18s	$578	$302K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −4.366%Rate

Funding earned: −$14
Price spread: −4.366% → +0.957%: −$532.3
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$554.32
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 5 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 5 min ago	3.47 bp	11.4 bp −$11	20.5 bp −$205	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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 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
Phemex NEARUSDT	−0.0299%	8h	4.3370	+0.160%	$3.9M	$8.4M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3165	−0.312%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0129%	1h	4.3445	+0.334%	$8.0M	$38.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3380	+0.184%	$2.2M	$13.3M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3447	+0.338%	$384K	$18.8M	2.2x	as long as short
dYdX NEAR-USD	+0.0004%	1h	4.3193	−0.248%	$112K	$64K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3160	−0.323%	$158K	—	150x	as long as short
Variational Omni NEAR	+0.0010%	8h	4.3057	−0.562%	$8.2M	$18.8M	—	as long as short
Injective NEAR/USDC PERPshort	+0.0033%	1h	4.1410	−4.366%	$578	$302K	12x
01 Exchange NEARUSD	+0.0048%	1h	4.3259	−0.096%	$13K	$7K	10x	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	4.3220	−0.186%	$115K	$474K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3181	−0.276%	$57K	$162K	20x	as long as short
Aster NEARUSDTlong	+0.0100%	8h	4.3301	long leg	$3.0M	$5.8M	50x
Pacifica NEAR	+0.0100%	1h	4.3228	−0.168%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3178	−0.282%	$257.7M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3160	−0.324%	$221.2M	$416.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3150	−0.348%	$61.2M	$276.4M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3260	−0.094%	$205K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3243	−0.134%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3165	−0.313%	$30.9M	$61.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3170	−0.301%	$74.9M	$142.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3210	−0.209%	$56.0M	$42.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3151	−0.345%	$71.5M	$122.3M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3170	−0.301%	—	$141.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3270	−0.070%	$258K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3356	+0.128%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3140	−0.371%	$177K	$776K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3204	−0.223%	$203K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3530	+0.530%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3410	+0.253%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3560	+0.599%	$459K	$3.6M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3173	−0.295%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3148	−0.351%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3163	−0.318%	$201K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3250	−0.117%	$13.2M	$27.7M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0308%	1h	4.3153	−0.341%	$276K	—	100x	as long as short
Nado NEAR-PERP	+0.0423%	1h	4.3192	−0.251%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3260	−0.094%	$409K	$1.2M	10x	as long as short
Hyperliquid NEAR	+0.0458%	1h	4.3264	−0.084%	$367.0M	$301.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0464%	1h	4.3464	+0.378%	$1.9M	$3.9M	25x	as long as short
Lighter RH NEAR	+0.0496%	1h	4.3282	−0.043%	$1.6M	$7.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0498%	1h	4.3382	+0.188%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3218	−0.191%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1496%	1h	4.3263	−0.088%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1776%	1h	4.3319	+0.043%	$17.3M	$24.8M	15x	as long as short