Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1580%/8h= +173.1% APRpaid last 24h +0.309%

Price spread now: Aftermath Perps against Bitget+0.120%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Aftermath Perps

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—needs both histories

Both sides work for this trade now. Funding pays +$47 a day on $10k at the current rate, and Aftermath Perps is 0.120% dearer against Bitget than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.3652	0.0100	pay 0.0100% / 8h	5h 55m	$71.7M	$126.0M	75x
Short	Aftermath Perps NEARUSD	4.3705	0.1680	get 0.0210% / 1h	55m 43s	$5K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bitget. 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 BitgetbpFee Aftermath PerpsbpOrdersPrice spread, now +0.120%Rate

Funding earned: $331.9
Price spread: +0.120% → 0.000%: $12.04
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $322.93
Costs to cover: 0.210%
Break-even: 0.2 days

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	1.15 bp	9.5 bp −$9	16.6 bp −$166	doesn't fit	doesn't fit
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 44 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	4.3791	+0.317%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3736	+0.192%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3794	+0.325%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3745	+0.213%	$546K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3753	+0.232%	$198K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.136%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3830	+0.408%	$115K	$488K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3814	+0.371%	$414K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3677	+0.058%	$264.9M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3652	0.000%	$220.3M	$416.5M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3640	−0.027%	$62.1M	$288.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3555	−0.222%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3719	+0.153%	$31.5M	$61.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3740	+0.202%	$76.1M	$139.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3760	+0.247%	$54.1M	$43.8M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.3652	long leg	$71.7M	$126.0M	75x
BingX NEAR-USDC	+0.0100%	8h	4.3690	+0.087%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3808	+0.357%	$8.4M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3545	−0.246%	$269K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3589	−0.143%	$1.4M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3630	−0.050%	$194K	$777K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3822	+0.389%	$203K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3805	+0.350%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3850	+0.454%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3795	+0.328%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3910	+0.591%	$458K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3710	+0.133%	$3.8M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3814	+0.372%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3727	+0.172%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3800	+0.339%	$204K	$34K	3x	as long as short
Aster NEARUSDT	+0.0189%	8h	4.3752	+0.228%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0243%	1h	4.3803	+0.347%	$256K	—	100x	as long as short
Nado NEAR-PERP	+0.0353%	1h	4.3780	+0.293%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3865	+0.488%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3860	+0.476%	$209K	$1.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0526%	1h	4.3821	+0.387%	$1.9M	$4.3M	25x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3584	−0.156%	$1.8M	$2.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0594%	1h	4.3744	+0.211%	$1.4M	$6.4M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0703%	1h	4.3820	+0.384%	$8.2M	$41.1M	50x	as long as short
Hyperliquid NEAR	+0.0753%	1h	4.3734	+0.188%	$368.2M	$306.3M	10x	as long as short
Lighter RH NEAR	+0.0784%	1h	4.3724	+0.165%	$1.6M	$6.9M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3868	+0.496%	$553K	$1.3M	10x	as long as short
Lighter NEAR	+0.0944%	1h	4.3713	+0.141%	$17.5M	$25.5M	15x	as long as short
Aftermath Perps NEARUSDshort	+0.1680%	1h	4.3705	+0.120%	$5K	$12K	10x