Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0666%/8h= −72.9% APRpaid last 24h −0.056%

Price spread now: Aster against Nado+0.021%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.061%−$6 on $10k

Price spread, last 7 days+0.051%+$5 · spread now +0.021%, 7d avg +0.002%

Together, before fees−0.010%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: −$20 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.061% in total (about -7.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado NEAR-PERP	4.2765	0.0766	pay 0.0096% / 1h	39m 52s	$1.9M	$3.4M	10x
Short	Aster NEARUSDT	4.2774	0.0100	get 0.0100% / 8h	39m 52s	$3.0M	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$139.84
Price spread: +0.021% → +0.002%: $1.87
Slippage, 4 orders: −$24.59
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$177.56
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from Nado: live order book, 4 min ago; Aster: live order book, 4 min ago.

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 Nado live order book, 4 min ago	2.34 bp	7.8 bp −$8	20.7 bp −$207	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	3.51 bp	8.8 bp −$9	19.2 bp −$192	doesn't fit	doesn't fit

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	4.2775	+0.023%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2695	−0.164%	$2.2M	$13.0M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2677	−0.206%	$111K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2676	−0.208%	$393K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2792	+0.062%	$203K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.168%	$578	$302K	12x	as long as short
Bybit NEARUSDT	+0.0083%	8h	4.2723	−0.098%	$219.0M	$422.0M	75x	as long as short
Variational Omni NEAR	+0.0087%	8h	4.2660	−0.246%	$7.8M	$18.2M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2800	+0.082%	$109K	$496K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2721	−0.103%	$31K	$647	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDTshort	+0.0100%	8h	4.2774	+0.021%	$3.0M	$5.7M	50x
Pacifica NEAR	+0.0100%	1h	4.2702	−0.148%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2750	−0.035%	$253.2M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2730	−0.082%	$61.0M	$285.4M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2750	−0.035%	$202K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2674	−0.213%	$243K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2750	−0.035%	$30.1M	$59.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2740	−0.058%	$78.3M	$141.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2770	+0.012%	$55.9M	$43.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2721	−0.103%	$71.0M	$126.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2750	−0.035%	—	$138.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2703	−0.144%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2680	−0.199%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2710	−0.129%	$178K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2831	+0.154%	$199K	$3.4M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2787	+0.051%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2830	+0.152%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2760	−0.012%	$13K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2780	+0.035%	$3.9M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2717	−0.113%	$3.9M	$15.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2777	+0.027%	$206K	$62K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.2788	+0.054%	$7.6M	$37.1M	50x	as long as short
01 Exchange NEARUSD	+0.0152%	1h	4.2809	+0.103%	$13K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2700	−0.152%	$13.0M	$30.7M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0313%	1h	4.2792	+0.063%	$274K	—	100x	as long as short
Lighter RH NEAR	+0.0376%	1h	4.2816	+0.119%	$1.5M	$7.0M	10x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2820	+0.128%	$413K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0437%	1h	4.2795	+0.070%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2717	−0.112%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0498%	1h	4.2822	+0.133%	$1.9M	$2.3M	25x	as long as short
Nado NEAR-PERPlong	+0.0766%	1h	4.2765	long leg	$1.9M	$3.4M	10x
HTX NEAR-USDT	+0.0857%	8h	4.2880	+0.269%	$459K	$3.7M	75x	as long as short
Hyperliquid NEAR	+0.0985%	1h	4.2820	+0.129%	$367.9M	$299.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1191%	1h	4.2806	+0.096%	$5K	$11K	10x	as long as short
Lighter NEAR	+0.1800%	1h	4.2878	+0.265%	$16.5M	$23.7M	15x	as long as short