Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1181%/8h= +129.3% APRpaid last 24h +0.165%

Price spread now: Hyperliquid against Aster+0.222%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.334%+$33 on $10k

Price spread, last 7 days−0.404%−$40 · spread now +0.222%, 7d avg +0.052%

Together, before fees−0.071%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and Hyperliquid is 0.170% dearer against Aster than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.052%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.334% in total (about 17.4% 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	4.2949	0.0100	pay 0.0100% / 8h	49m 51s	$3.0M	$5.5M	50x
Short	Hyperliquid NEAR	4.3044	0.1281	get 0.0160% / 1h	49m 51s	$371.2M	$297.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.222%Rate

Funding earned: $248.03
Price spread: +0.222% → +0.052%: $17.04
Slippage, 4 orders: −$16.31
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $231.76
Costs to cover: 0.333%
Break-even: 0.5 days

Slippage from Aster: live order book, 4 min ago; Hyperliquid: live order book, 4 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	3.46 bp	11.0 bp −$11	26.0 bp −$260	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	0.46 bp	6.9 bp −$7	10.0 bp −$100	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	4.2784	−0.383%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0072%	1h	4.2907	−0.097%	$2.2M	$13.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2884	−0.150%	$111K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2914	−0.081%	$394K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2842	−0.248%	$204K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.583%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2800	−0.346%	$108K	$497K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2933	−0.037%	$31K	$647	10x	as long as short
Aster NEARUSDTlong	+0.0100%	8h	4.2949	long leg	$3.0M	$5.5M	50x
Pacifica NEAR	+0.0100%	1h	4.2935	−0.032%	$403K	$1.2M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.2978	+0.069%	$254.5M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2940	−0.020%	$220.9M	$421.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2940	−0.020%	$61.2M	$286.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2830	−0.276%	$197K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3000	+0.120%	$245K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2976	+0.064%	$30.4M	$58.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2970	+0.050%	$79.9M	$139.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2990	+0.096%	$56.4M	$43.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2973	+0.057%	$71.4M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2970	+0.050%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3020	+0.165%	$8.0M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3254	+0.711%	$270K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3290	+0.795%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3350	+0.935%	$181K	$789K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2822	−0.295%	$201K	$3.3M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2838	−0.258%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2890	−0.137%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2850	−0.230%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2860	−0.206%	$3.9M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2941	−0.018%	$4.0M	$15.8M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2800	−0.346%	$206K	$62K	3x	as long as short
Kraken Futures PF_NEARUSD	+0.0118%	1h	4.2862	−0.202%	$7.5M	$36.8M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2960	+0.026%	$13.0M	$30.8M	75x	as long as short
01 Exchange NEARUSD	+0.0232%	1h	4.2822	−0.295%	$13K	$7K	10x	as long as short
Lighter RH NEAR	+0.0312%	1h	4.3035	+0.201%	$1.5M	$7.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0390% / S −0.0343%	1h	4.2850	−0.230%	$291K	—	100x	as long as short
RISEx NEAR/USDC	+0.0404%	1h	4.2830	−0.276%	$413K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0463%	1h	4.3418	+1.093%	$1.8M	$2.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0465%	1h	4.2906	−0.099%	$1.3M	$5.6M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0474%	1h	4.2870	−0.183%	$1.9M	$2.3M	25x	as long as short
Nado NEAR-PERP	+0.0865%	1h	4.2782	−0.389%	$1.9M	$3.4M	10x	as long as short
HTX NEAR-USDT	+0.0890%	8h	4.2980	+0.073%	$459K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1164%	1h	4.3105	+0.364%	$5K	$11K	10x	as long as short
Hyperliquid NEARshort	+0.1281%	1h	4.3044	+0.222%	$371.2M	$297.6M	10x
Lighter NEAR	+0.2192%	1h	4.3185	+0.551%	$16.6M	$23.6M	15x	as long as short