Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0195%/8h= −21.4% APRpaid last 24h −0.004%

Price spread now: Aevo against Aster+0.418%49s7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1031.027% of the position

Long on Aster Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)−0.065%−$7 · spread now +0.418%, 7d avg −0.049%

Together, before fees−0.080%+ Points / potential airdropAster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 0.467% dearer against Aster than usual: you sell high and buy low (spread +0.418% now, against its 7-day average of −0.049%): +$47 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 8.0 days. At the pace of the last 7 days (−0.015% in total) that is about 7 months. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% 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	Aster NEARUSDT	4.5067	0.0299	pay 0.0299% / 8h	5h 07m	$3.1M	$5.5M	50x
Short	Aevo NEAR-PERP	4.5255	0.0104	get 0.0013% / 1h	7m 35s	$210K	$40K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now +0.418%Rate

Funding earned: −$41.04
Price spread: +0.418% → −0.049%: $46.71
Slippage, 4 orders: −$78.67
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$97
Costs to cover: 1.027%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Aevo: live order book, 56 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 Aster live order book, 1 min ago	2.21 bp	9.7 bp −$10	21.2 bp −$212	doesn't fit	doesn't fit
Sell Aevo live order book, 56 min ago	10.31 bp	44.4 bp −$44	doesn't fit	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	4.4874	−0.426%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.5238	+0.381%	$2.2M	$15.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5041	−0.055%	$111K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5306	+0.531%	$525K	$21.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5237	+0.378%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.114%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4960	−0.236%	$113K	$513K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.5048	−0.041%	$430K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5019	−0.105%	$276.3M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4784	−0.627%	$224.6M	$425.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4850	−0.480%	$64.7M	$305.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5467	+0.888%	$259K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5046	−0.046%	$32.7M	$65.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5080	+0.030%	$78.1M	$148.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5110	+0.097%	$55.8M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4874	−0.427%	$74.0M	$130.3M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.5050	−0.037%	—	$146.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5696	+1.397%	$8.8M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5326	+0.576%	$272K	$976K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5311	+0.542%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5320	+0.562%	$174K	$797K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4862	−0.454%	$222K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5248	+0.403%	$58K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5340	+0.607%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5233	+0.369%	$8K	$54K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5360	+0.651%	$469K	$4.1M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5230	+0.363%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.5031	−0.078%	$33K	$608	10x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.5255	+0.418%	$210K	$40K	3x
Extended NEAR-USD	+0.0176%	1h	4.5022	−0.098%	$4.2M	$19.3M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5300	+0.518%	$14.0M	$34.0M	75x	as long as short
Aster NEARUSDTlong	+0.0299%	8h	4.5067	long leg	$3.1M	$5.5M	50x
GMX NEAR/USD [ETH-USDC]	L +0.0360% / S −0.0248%	1h	4.5234	+0.371%	$273K	—	100x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.5060	−0.014%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.5120	+0.119%	$218K	$1.8M	10x	as long as short
Nado NEAR-PERP	+0.0433%	1h	4.4850	−0.480%	$1.9M	$3.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0524%	1h	4.5277	+0.467%	$2.0M	$4.5M	25x	as long as short
Backpack NEAR_USDC_PERP	+0.0564%	1h	4.5245	+0.396%	$1.4M	$6.7M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0681%	1h	4.5265	+0.440%	$8.4M	$41.3M	50x	as long as short
Lighter RH NEAR	+0.0704%	1h	4.5118	+0.114%	$1.6M	$7.2M	10x	as long as short
Hyperliquid NEAR	+0.0802%	1h	4.5120	+0.119%	$377.5M	$321.3M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.5453	+0.858%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.5077	+0.023%	$576K	$1.4M	10x	as long as short
Lighter NEAR	+0.1136%	1h	4.5101	+0.077%	$18.1M	$27.0M	15x	as long as short
Aftermath Perps NEARUSD	+0.1596%	1h	4.5385	+0.706%	$6K	$12K	10x	as long as short