Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1591%/8h= −174.2% APRpaid last 24h −0.309%

Price spread now: Binance against Aftermath Perps+0.040%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Binance

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

The price spread pays, funding is against you. Binance is 0.040% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$48 a day in funding at the current rate, which eats that in about 2 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps NEARUSD	4.3719	0.1691	pay 0.0211% / 1h	54m 02s	$5K	$12K	10x
Short	Binance NEARUSDT	4.3736	0.0100	get 0.0100% / 8h	5h 54m	$265.5M	$1.07B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aftermath Perps. 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 Aftermath PerpsbpFee BinancebpOrdersPrice spread, now +0.040%Rate

Funding earned: −$334.07
Price spread: +0.040% → 0.000%: $4
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$349.07
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Binance: live order book, 5 min ago. 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 5 min ago	1.15 bp	8.2 bp −$8	14.3 bp −$143	34.7 bp −$3,466	118.8 bp −$59.4K

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	4.3669	−0.114%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3617	−0.232%	$2.2M	$14.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3653	−0.151%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3767	+0.111%	$550K	$19.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3675	−0.099%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.281%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3640	−0.180%	$114K	$488K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3679	−0.090%	$412K	$1.2M	10x	as long as short
Binance NEARUSDTshort	+0.0100%	8h	4.3736	+0.040%	$265.5M	$1.07B	75x
Bybit NEARUSDT	+0.0100%	8h	4.3730	+0.026%	$220.7M	$416.6M	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	4.3730	+0.026%	$62.2M	$288.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	−0.141%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3701	−0.040%	$31.5M	$61.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3730	+0.026%	$75.9M	$139.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3730	+0.026%	$54.2M	$43.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3746	+0.063%	$71.8M	$126.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3690	−0.065%	—	$144.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3808	+0.204%	$8.4M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3645	−0.168%	$267K	$993K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3657	−0.141%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3610	−0.248%	$194K	$777K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3711	−0.017%	$204K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3738	+0.044%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3700	−0.042%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3745	+0.060%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3750	+0.072%	$457K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3700	−0.042%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3658	−0.138%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3736	+0.040%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3761	+0.097%	$204K	$34K	3x	as long as short
Aster NEARUSDT	+0.0187%	8h	4.3750	+0.072%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0243%	1h	4.3676	−0.098%	$255K	—	100x	as long as short
01 Exchange NEARUSD	+0.0400%	1h	4.3693	−0.058%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0408%	1h	4.3668	−0.115%	$1.9M	$3.0M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3680	−0.088%	$208K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0588%	1h	4.3754	+0.081%	$1.4M	$6.4M	20x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3900	+0.415%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0642%	1h	4.3777	+0.134%	$1.9M	$4.3M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0704%	1h	4.3766	+0.108%	$8.2M	$41.0M	50x	as long as short
Hyperliquid NEAR	+0.0771%	1h	4.3763	+0.102%	$368.5M	$303.8M	10x	as long as short
Lighter RH NEAR	+0.0816%	1h	4.3788	+0.159%	$1.6M	$6.9M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3682	−0.085%	$551K	$1.3M	10x	as long as short
Lighter NEAR	+0.0944%	1h	4.3827	+0.248%	$17.5M	$25.5M	15x	as long as short
Aftermath Perps NEARUSDlong	+0.1691%	1h	4.3719	long leg	$5K	$12K	10x