Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h −0.004%

Price spread now: SoDEX against Aster−0.043%55s7-day average — · you buy dearer than you sell

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

Long on Aster Short on SoDEX

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. SoDEX is 0.043% cheaper against Aster than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 35 hours of funding at the current rate (+$3 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NEARUSDT	4.3222	0.0306	pay 0.0306% / 8h	3h 44m	$2.9M	$5.6M	50x
Short	SoDEX NEAR-USD	4.3204	0.0404	get 0.0051% / 1h	44m 27s	$8K	$52K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $20.62
Price spread: −0.043% → 0.000%: −$4.27
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $0.35
Costs to cover: 0.160%
Break-even: 6.9 days

Slippage unknown: Aster: live order book, 4 min ago; SoDEX: 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, 4 min ago	3.44 bp	9.6 bp −$10	18.9 bp −$189	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
Reya NEARRUSDPERP	−0.0171%	1h	4.3195	−0.063%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3146	−0.177%	$106K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3139	−0.193%	$162K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.193%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3101	−0.281%	$2.2M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3250	+0.064%	$107K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3210	−0.029%	$265.7M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3140	−0.191%	$215.4M	$427.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3210	−0.029%	$61.6M	$290.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3771	+1.269%	$249K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3190	−0.075%	$31.6M	$60.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3260	+0.087%	$73.5M	$144.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3250	+0.064%	$53.8M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3202	−0.047%	$70.9M	$128.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3170	−0.121%	—	$146.3M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3397	+0.405%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3444	+0.512%	$254K	$950K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3580	+0.827%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3430	+0.480%	$167K	$799K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3253	+0.071%	$260K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3186	−0.084%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3270	+0.110%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3130	−0.214%	$458K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3190	−0.075%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3194	−0.065%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3226	+0.008%	$201K	$40K	3x	as long as short
Kalshi KXNEARPERP	+0.0131%	8h	4.3220	−0.006%	$640K	$23.1M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3260	+0.087%	$13.7M	$32.1M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3163	−0.138%	$410K	$1.2M	10x	as long as short
Aster NEARUSDTlong	+0.0306%	8h	4.3222	long leg	$2.9M	$5.6M	50x
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0194%	1h	4.3140	−0.190%	$231K	—	100x	as long as short
SoDEX NEAR-USDshort	+0.0404%	1h	4.3204	−0.043%	$8K	$52K	10x
Backpack NEAR_USDC_PERP	+0.0477%	1h	4.3204	−0.043%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3286	+0.147%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0575%	1h	4.3263	+0.094%	$355.2M	$319.9M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3290	+0.156%	$212K	$1.6M	10x	as long as short
Extended NEAR-USD	+0.0656%	1h	4.3213	−0.022%	$3.8M	$19.8M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0713%	1h	4.3212	−0.024%	$7.6M	$39.8M	50x	as long as short
Nado NEAR-PERP	+0.0729%	1h	4.3240	+0.041%	$1.8M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0928%	1h	4.3197	−0.059%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3717	+1.144%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3293	+0.163%	$625K	$1.4M	10x	as long as short
Lighter NEAR	+0.1176%	1h	4.3243	+0.048%	$17.4M	$24.9M	15x	as long as short
Aftermath Perps NEARUSD	+0.1583%	1h	4.3419	+0.455%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.2368%	1h	4.3281	+0.135%	$1.9M	$8.7M	25x	as long as short