Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0455%/8h= +49.8% APRpaid last 24h +0.038%

Price spread now: Deribit against Aster+0.146%7-day average +0.013% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.296%+$30 on $10k

Price spread, last 3 days (all we have)−0.138%−$14 · spread now +0.146%, 7d avg +0.013%

Together, before fees+0.159%+ Points / potential airdropAster: Stage 5 · farm board+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Deribit is 0.133% dearer against Aster than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.013%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.296% in total (about 15.5% 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	4.3713	0.0187	pay 0.0187% / 8h	5h 54m	$3.0M	$5.5M	50x
Short	Deribit NEAR_USDC-PERPETUAL	4.3777	0.0642	get 0.0080% / 1h	54m 14s	$1.9M	$4.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.146%Rate

Funding earned: $95.46
Price spread: +0.146% → +0.013%: $13.32
Slippage, 4 orders: −$21.66
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $72.13
Costs to cover: 0.367%
Break-even: 1.7 days

Slippage from Aster: live order book, 4 min ago; Deribit: live order book, 5 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, 4 min ago	2.29 bp	9.8 bp −$10	23.4 bp −$234	doesn't fit	doesn't fit
Sell Deribit live order book, 5 min ago	3.43 bp	8.5 bp −$8	50.5 bp −$505	doesn't fit	doesn't fit

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	−0.102%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.3617	−0.220%	$2.2M	$14.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3653	−0.139%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3767	+0.123%	$550K	$19.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3675	−0.086%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.269%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3640	−0.168%	$114K	$488K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3679	−0.078%	$412K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3735	+0.049%	$265.3M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3702	−0.026%	$220.6M	$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	4.3700	−0.030%	$62.2M	$288.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3657	−0.129%	$249K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3701	−0.028%	$31.5M	$61.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3730	+0.038%	$75.9M	$139.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3730	+0.038%	$54.2M	$43.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3690	−0.053%	$71.7M	$126.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3690	−0.053%	—	$144.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3808	+0.216%	$8.4M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3645	−0.156%	$267K	$993K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3657	−0.129%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3610	−0.236%	$194K	$777K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3711	−0.005%	$204K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3738	+0.057%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3700	−0.030%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3745	+0.073%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3750	+0.084%	$457K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3700	−0.030%	$3.8M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3658	−0.126%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3726	+0.028%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3761	+0.109%	$204K	$34K	3x	as long as short
Aster NEARUSDTlong	+0.0187%	8h	4.3713	long leg	$3.0M	$5.5M	50x
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0243%	1h	4.3676	−0.086%	$255K	—	100x	as long as short
01 Exchange NEARUSD	+0.0400%	1h	4.3693	−0.046%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0408%	1h	4.3668	−0.102%	$1.9M	$3.0M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.3680	−0.076%	$208K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0588%	1h	4.3754	+0.093%	$1.4M	$6.4M	20x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3900	+0.427%	$1.8M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.0642%	1h	4.3777	+0.146%	$1.9M	$4.3M	25x
Kraken Futures PF_NEARUSD	+0.0704%	1h	4.3766	+0.120%	$8.2M	$41.0M	50x	as long as short
Hyperliquid NEAR	+0.0771%	1h	4.3763	+0.114%	$368.5M	$303.8M	10x	as long as short
Lighter RH NEAR	+0.0816%	1h	4.3788	+0.171%	$1.6M	$6.9M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.3682	−0.072%	$551K	$1.3M	10x	as long as short
Lighter NEAR	+0.0944%	1h	4.3827	+0.260%	$17.5M	$25.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1691%	1h	4.3719	+0.012%	$5K	$12K	10x	as long as short