Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.1048%/8h= +114.7% APRpaid last 24h +0.332%

Price spread now: Aftermath Perps against Binance−0.149%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aftermath Perps is 0.149% cheaper against Binance than usual: you would sell low and buy high (spread −0.149% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 11 hours of funding at the current rate (+$31 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.4960	0.0100	pay 0.0100% / 8h	5h 48m	$272.8M	$1.08B	75x
Short	Aftermath Perps NEARUSD	4.4893	0.1148	get 0.0143% / 1h	48m 01s	$6K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Binance. 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 BinancebpFee Aftermath PerpsbpOrdersPrice spread, now −0.149%Rate

Funding earned: $220.03
Price spread: −0.149% → 0.000%: −$14.91
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $186.11
Costs to cover: 0.190%
Break-even: 1.1 days

Slippage unknown: Binance: live order book, 4 min ago; Aftermath Perps: 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 Binance live order book, 4 min ago	1.11 bp	8.1 bp −$8	14.0 bp −$140	37.9 bp −$3,787	117.7 bp −$58.8K
Sell Aftermath Perps no order-book sample	—	—	—	—	—

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 exchanges

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
Kraken Futures PF_NEARUSD	−0.0235%	1h	4.4954	−0.014%	$7.4M	$36.9M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4859	−0.224%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4874	−0.191%	$110K	$53K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4988	+0.062%	$846K	$26.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4976	+0.035%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.896%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4890	−0.156%	$123K	$503K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4970	+0.022%	$2.7M	$4.7M	50x	as long as short
Binance NEARUSDTlong	+0.0100%	8h	4.4960	long leg	$272.8M	$1.08B	75x
Bybit NEARUSDT	+0.0100%	8h	4.4933	−0.060%	$231.9M	$427.6M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4920	−0.089%	$64.3M	$298.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4950	−0.022%	$268K	$12K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4958	−0.004%	$40.0M	$62.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4920	−0.089%	$77.4M	$167.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4950	−0.022%	$53.4M	$43.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4905	−0.122%	$74.5M	$126.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4970	+0.022%	—	$76.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4874	−0.192%	$8.9M	$16.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4861	−0.220%	$265K	$869K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4810	−0.334%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4790	−0.378%	$167K	$823K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4927	−0.073%	$279K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5000	+0.089%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5010	+0.111%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4985	+0.056%	$5K	$39K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5000	+0.089%	$467K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4980	+0.044%	$3.4M	$7.9M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4922	−0.086%	$33K	$245	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4915	−0.100%	$3.8M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4975	+0.033%	$209K	$38K	3x	as long as short
Nado NEAR-PERP	+0.0199%	1h	4.4940	−0.044%	$1.8M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0216%	1h	4.4907	−0.118%	$13K	$4K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4820	−0.311%	$12.9M	$32.5M	75x	as long as short
Hyperliquid NEAR	+0.0221%	1h	4.4994	+0.076%	$362.5M	$314.7M	10x	as long as short
Lighter NEAR	+0.0280%	1h	4.5010	+0.110%	$17.6M	$23.3M	15x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0341% / S −0.0226%	1h	4.4950	−0.021%	$263K	—	100x	as long as short
Arcus NEAR-USD	+0.0343%	1h	4.4930	−0.067%	$227K	$1.4M	10x	as long as short
Lighter RH NEAR	+0.0368%	1h	4.5021	+0.136%	$1.6M	$5.8M	10x	as long as short
RISEx NEAR/USDC	+0.0489%	1h	4.4907	−0.117%	$634K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0504%	1h	4.5027	+0.149%	$2.3M	$17.6M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0657%	1h	4.5008	+0.107%	$1.1M	$7.1M	20x	as long as short
Phoenix NEAR	+0.0741%	1h	4.4898	−0.138%	$1.7M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0839%	1h	4.5029	+0.153%	$1.9M	$13.0M	25x	as long as short
Pacifica NEAR	+0.0851%	1h	4.4884	−0.169%	$420K	$1.3M	10x	as long as short
Aftermath Perps NEARUSDshort	+0.1148%	1h	4.4893	−0.149%	$6K	$6K	10x