Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1152%/8h= −126.1% APRpaid last 24h −0.326%

Price spread now: OKX against Aftermath Perps+0.819%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 OKX

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. OKX is 0.819% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.819% now, against zero (this spread has no 7-day history yet)): +$82 on $10k if it goes back. Holding the pair costs −$35 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps NEARUSD	4.3970	0.1252	pay 0.0156% / 1h	3m 12s	$5K	$12K	10x
Short	OKX NEAR-USDT-SWAP	4.4330	0.0100	get 0.0100% / 8h	2h 03m	$62.4M	$295.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.819%Rate

Funding earned: −$241.88
Price spread: +0.819% → 0.000%: $81.85
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$179.03
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Aftermath Perps: no order-book sample; OKX: live order book, 6 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 OKX live order book, 6 min ago	1.14 bp	8.3 bp −$8	14.1 bp −$141	37.9 bp −$3,794	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	4.4162	+0.436%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4137	+0.380%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4226	+0.582%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.822%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4170	+0.455%	$117K	$498K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4330	+0.819%	$223.2M	$423.4M	75x	as long as short
OKX NEAR-USDT-SWAPshort	+0.0100%	8h	4.4330	+0.819%	$62.4M	$295.9M	50x
Bulk NEAR-USD	+0.0100%	1h	4.3500	−1.069%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4323	+0.803%	$33.8M	$61.3M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4340	+0.841%	$53.4M	$46.0M	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	4.4329	+0.816%	$73.1M	$127.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4197	+0.517%	$8.9M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4142	+0.392%	$258K	$965K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4184	+0.486%	$272K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4306	+0.764%	$58K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4270	+0.682%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4370	+0.909%	$470K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4320	+0.796%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4140	+0.386%	$32K	$608	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0111%	8h	4.4060	+0.204%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.4369	+0.908%	$206K	$40K	3x	as long as short
BingX NEAR-USDT	+0.0137%	8h	4.4350	+0.864%	—	$143.7M	—	as long as short
MEXC NEAR_USDT	+0.0143%	8h	4.4340	+0.841%	$85.1M	$146.8M	200x	as long as short
Binance NEARUSDT	+0.0144%	8h	4.4350	+0.864%	$269.6M	$1.09B	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.4281	+0.707%	$2.3M	$16.4M	50x	as long as short
BloFin NEAR-USDT	+0.0264%	8h	4.4300	+0.750%	$13.4M	$32.7M	75x	as long as short
Kalshi KXNEARPERP	+0.0312%	8h	4.4238	+0.609%	$1.1M	$24.7M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0201%	1h	4.4175	+0.465%	$236K	—	100x	as long as short
Aster NEARUSDT	+0.0343%	8h	4.4358	+0.882%	$2.9M	$5.2M	50x	as long as short
Nado NEAR-PERP	+0.0392%	1h	4.4132	+0.368%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0448%	1h	4.4312	+0.777%	$3.7M	$19.2M	25x	as long as short
ApeX Omni NEARUSDT	+0.0450%	1h	4.4150	+0.409%	$167K	$803K	50x	as long as short
SoDEX NEAR-USD	+0.0493%	1h	4.4305	+0.762%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0685%	1h	4.4387	+0.948%	$365.4M	$311.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0697%	1h	4.4372	+0.914%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0704%	1h	4.4209	+0.543%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0714%	1h	4.4321	+0.799%	$7.4M	$39.1M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.4180	+0.477%	$225K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.4167	+0.449%	$405K	$1.4M	10x	as long as short
Lighter NEAR	+0.0936%	1h	4.4406	+0.992%	$17.4M	$25.3M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.4241	+0.616%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1104%	1h	4.4410	+1.000%	$1.5M	$7.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.4169	+0.453%	$701K	$1.3M	10x	as long as short
Aftermath Perps NEARUSDlong	+0.1252%	1h	4.3970	long leg	$5K	$12K	10x
Deribit NEAR_USDC-PERPETUAL	+0.1443%	1h	4.4376	+0.923%	$2.0M	$12.1M	25x	as long as short