Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.1123%/8h= −122.9% APRpaid last 24h −0.326%

Price spread now: Bitget against Aftermath Perps+0.133%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 Bitget

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. Bitget is 0.133% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.133% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$34 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps NEARUSD	4.4274	0.1223	pay 0.0153% / 1h	55m 55s	$6K	$12K	10x
Short	Bitget NEARUSDT	4.4333	0.0100	get 0.0100% / 8h	1h 55m	$73.2M	$126.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.133%Rate

Funding earned: −$235.78
Price spread: +0.133% → 0.000%: $13.27
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$243.51
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago	0.11 bp	8.7 bp −$9	13.0 bp −$130	28.1 bp −$2,811	doesn't fit

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	4.4383	+0.245%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4344	+0.158%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4369	+0.214%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.469%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4420	+0.329%	$114K	$491K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4374	+0.225%	$226.4M	$424.6M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4340	+0.149%	$62.5M	$295.7M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4419	+0.328%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4336	+0.140%	$34.1M	$59.3M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4390	+0.261%	$53.4M	$45.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDTshort	+0.0100%	8h	4.4333	+0.133%	$73.2M	$126.4M	75x
Variational Omni NEAR	+0.0100%	8h	4.4347	+0.164%	$9.0M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4258	−0.037%	$258K	$962K	20x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4385	+0.250%	$58K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4450	+0.397%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4490	+0.487%	$465K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4340	+0.149%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0104%	8h	4.4424	+0.339%	$32K	$608	10x	as long as short
Polymarket Perps NEAR-USD	+0.0114%	1h	4.4423	+0.336%	$277K	$4.0M	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0119%	8h	4.4330	+0.126%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.4405	+0.295%	$206K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0140%	1h	4.4375	+0.228%	$5K	$52K	10x	as long as short
BingX NEAR-USDT	+0.0154%	8h	4.4350	+0.171%	—	$144.2M	—	as long as short
MEXC NEAR_USDT	+0.0158%	8h	4.4380	+0.239%	$85.2M	$143.5M	200x	as long as short
Binance NEARUSDT	+0.0163%	8h	4.4390	+0.261%	$268.8M	$1.09B	75x	as long as short
BloFin NEAR-USDT	+0.0279%	8h	4.4340	+0.149%	$13.3M	$32.8M	75x	as long as short
Kalshi KXNEARPERP	+0.0304%	8h	4.4302	+0.063%	$1.1M	$24.7M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0201%	1h	4.4361	+0.196%	$238K	—	100x	as long as short
Aster NEARUSDT	+0.0344%	8h	4.4380	+0.239%	$2.9M	$5.0M	50x	as long as short
ApeX Omni NEARUSDT	+0.0394%	1h	4.4450	+0.397%	$168K	$803K	50x	as long as short
Extended NEAR-USD	+0.0408%	1h	4.4334	+0.135%	$3.7M	$19.1M	25x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4485	+0.476%	$2.3M	$16.3M	50x	as long as short
Nado NEAR-PERP	+0.0446%	1h	4.4430	+0.352%	$1.7M	$3.2M	10x	as long as short
01 Exchange NEARUSD	+0.0512%	1h	4.4440	+0.374%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0658%	1h	4.4355	+0.183%	$7.4M	$39.1M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0669%	1h	4.4377	+0.232%	$1.3M	$6.5M	20x	as long as short
Hyperliquid NEAR	+0.0699%	1h	4.4403	+0.291%	$365.4M	$312.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0810%	1h	4.4407	+0.300%	$1.9M	$12.2M	25x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4470	+0.442%	$223K	$1.6M	10x	as long as short
Lighter NEAR	+0.0880%	1h	4.4435	+0.362%	$17.4M	$24.6M	15x	as long as short
Lighter RH NEAR	+0.1024%	1h	4.4411	+0.309%	$1.5M	$6.6M	10x	as long as short
Phoenix NEAR	+0.1033%	1h	4.4593	+0.720%	$1.8M	$2.4M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4358	+0.190%	$408K	$1.4M	10x	as long as short
Aftermath Perps NEARUSDlong	+0.1223%	1h	4.4274	long leg	$6K	$12K	10x
RISEx NEAR/USDC	+0.1259%	1h	4.4456	+0.411%	$688K	$1.4M	10x	as long as short