Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1052%/8h= +115.2% APRpaid last 24h +0.322%

Price spread now: Aftermath Perps against MEXC−0.157%7-day average — · you buy dearer than you sell

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

Long on MEXC 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

Funding pays, the price is against you. Aftermath Perps is 0.157% cheaper against MEXC than usual: you would sell low and buy high (spread −0.157% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 12 hours of funding at the current rate (+$32 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.4270	0.0201	pay 0.0201% / 8h	1h 25m	$80.5M	$148.8M	200x
Short	Aftermath Perps NEARUSD	4.4200	0.1253	get 0.0157% / 1h	25m 46s	$5K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against MEXC. 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 MEXCbpFee Aftermath PerpsbpOrdersPrice spread, now −0.157%Rate

Funding earned: $220.9
Price spread: −0.157% → 0.000%: −$15.72
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $196.17
Costs to cover: 0.090%
Break-even: 0.8 days

Slippage unknown: MEXC: 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 MEXC live order book, 3 min ago	2.28 bp	2.8 bp −$3	4.8 bp −$48	44.2 bp −$4,417	89.0 bp −$44.5K
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 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	4.4187	−0.189%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4161	−0.246%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4186	−0.190%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.460%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4180	−0.203%	$112K	$491K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4230	−0.090%	$224.2M	$433.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4250	−0.045%	$62.6M	$297.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4350	+0.181%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4199	−0.160%	$35.4M	$61.6M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4230	−0.090%	$53.6M	$46.1M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4129	−0.319%	$72.5M	$127.5M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4187	−0.187%	$8.8M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4018	−0.569%	$257K	$914K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4010	−0.587%	$166K	$805K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4212	−0.131%	$293K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4220	−0.113%	$59K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4250	−0.045%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4370	+0.226%	$465K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4240	−0.068%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0105%	8h	4.4160	−0.248%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0113%	8h	4.4260	−0.023%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4235	−0.079%	$206K	$38K	3x	as long as short
Extended NEAR-USD	+0.0184%	1h	4.4209	−0.137%	$3.7M	$18.4M	25x	as long as short
SoDEX NEAR-USD	+0.0190%	1h	4.4205	−0.147%	$5K	$52K	10x	as long as short
BingX NEAR-USDC	+0.0193%	8h	4.4200	−0.158%	—	$6.7M	—	as long as short
MEXC NEAR_USDTlong	+0.0201%	8h	4.4270	long leg	$80.5M	$148.8M	200x
Binance NEARUSDT	+0.0205%	8h	4.4222	−0.109%	$269.8M	$1.08B	75x	as long as short
Kalshi KXNEARPERP	+0.0254%	8h	4.4212	−0.131%	$1.0M	$25.0M	2.2x	as long as short
Aster NEARUSDT	+0.0304%	8h	4.4176	−0.212%	$2.8M	$5.0M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0198%	1h	4.3978	−0.659%	$234K	—	100x	as long as short
BloFin NEAR-USDT	+0.0321%	8h	4.4060	−0.474%	$13.7M	$32.5M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0412%	1h	4.4276	+0.014%	$1.4M	$6.8M	20x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4267	−0.007%	$2.3M	$16.8M	50x	as long as short
01 Exchange NEARUSD	+0.0440%	1h	4.4213	−0.129%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0463%	1h	4.4192	−0.176%	$360.6M	$315.1M	10x	as long as short
Nado NEAR-PERP	+0.0596%	1h	4.4173	−0.219%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0660%	1h	4.4194	−0.173%	$7.3M	$38.3M	50x	as long as short
Lighter NEAR	+0.0832%	1h	4.4267	−0.007%	$17.4M	$25.2M	15x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4200	−0.158%	$224K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.4274	+0.009%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4297	+0.061%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1085%	1h	4.4247	−0.052%	$1.9M	$13.1M	25x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4204	−0.149%	$422K	$1.4M	10x	as long as short
Aftermath Perps NEARUSDshort	+0.1253%	1h	4.4200	−0.157%	$5K	$12K	10x
RISEx NEAR/USDC	+0.1259%	1h	4.4229	−0.093%	$665K	$1.4M	10x	as long as short