Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.005%

Price spread now: Bulk against Aster−0.283%7-day average −0.035% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$480.476% of the position

Long on Aster Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.494%+$49 · spread now −0.283%, 7d avg −0.035%

Together, before fees+0.474%+ Points / potential airdropAster: Stage 5 · farm board+$47 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bulk is 0.248% cheaper against Aster than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NEARUSDT	4.3679	0.0183	pay 0.0183% / 8h	5h 57m	$3.0M	$5.5M	50x
Short	Bulk NEAR-USD	4.3555	0.0100	get 0.0013% / 1h	57m 55s	$248K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.283%Rate

Funding earned: −$17.39
Price spread: −0.283% → −0.035%: −$24.8
Slippage, 4 orders: −$32.59
Fee Aster: 4 bp × 2 orders: −$8
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$89.79
Costs to cover: 0.476%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; Bulk: live order book, 6 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, 6 min ago	3.44 bp	9.6 bp −$10	21.0 bp −$210	doesn't fit	doesn't fit
Sell Bulk live order book, 6 min ago	11.45 bp	15.0 bp −$15	15.0 bp −$150	35.6 bp −$3,556	59.8 bp −$29.9K

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	4.3605	−0.170%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3574	−0.240%	$2.2M	$14.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3589	−0.206%	$107K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3643	−0.082%	$555K	$19.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3625	−0.123%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.194%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3620	−0.134%	$114K	$489K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3612	−0.152%	$412K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3668	−0.025%	$264.9M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3640	−0.089%	$220.1M	$416.7M	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	4.3560	−0.272%	$62.0M	$288.4M	50x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.3555	−0.283%	$248K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.3615	−0.146%	$31.4M	$61.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3630	−0.112%	$75.8M	$139.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3620	−0.134%	$53.9M	$43.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3592	−0.199%	$71.5M	$126.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3620	−0.134%	—	$143.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3517	−0.369%	$8.4M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3545	−0.307%	$269K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3541	−0.316%	$1.4M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3520	−0.363%	$194K	$778K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3642	−0.084%	$202K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3652	−0.061%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3660	−0.043%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3645	−0.077%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3680	+0.003%	$456K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3630	−0.112%	$3.8M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3565	−0.261%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3583	−0.220%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3661	−0.041%	$203K	$34K	3x	as long as short
Aster NEARUSDTlong	+0.0183%	8h	4.3679	long leg	$3.0M	$5.5M	50x
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0243%	1h	4.3628	−0.117%	$255K	—	100x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.3660	−0.043%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3640	−0.089%	$208K	$1.7M	10x	as long as short
Nado NEAR-PERP	+0.0519%	1h	4.3611	−0.156%	$1.9M	$3.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0552%	1h	4.3666	−0.029%	$1.9M	$4.3M	25x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3584	−0.217%	$1.8M	$2.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0607%	1h	4.3665	−0.031%	$1.5M	$6.3M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0705%	1h	4.3674	−0.011%	$8.2M	$41.1M	50x	as long as short
Hyperliquid NEAR	+0.0762%	1h	4.3686	+0.018%	$367.8M	$306.2M	10x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.3705	+0.060%	$1.6M	$6.9M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3652	−0.062%	$550K	$1.3M	10x	as long as short
Lighter NEAR	+0.1344%	1h	4.3742	+0.145%	$17.5M	$25.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1705%	1h	4.3683	+0.010%	$5K	$12K	10x	as long as short