Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0336%/8h= −36.8% APRpaid last 24h +0.112%
Price spread now: Kraken Futures against Aster−0.149%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$520.521% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.177%+$18 on $10k
Price spread, last 4 days (all we have)+0.285%+$29 · spread now −0.149%, 7d avg −0.018%
Together, before fees+0.462%+ Points / potential airdropAster: Stage 5 · farm board+$46 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Kraken Futures is 0.131% cheaper against Aster than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.018%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.177%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.177% in total (about 9.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster NEARUSDT4.47880.0100pay 0.0100% / 8h5h 47m$2.6M$4.7M50x
ShortKraken Futures PF_NEARUSD4.4721−0.0236pay 0.0030% / 1h47m 00s$7.4M$36.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Funding earned
−$70.64
Price spread: −0.149% → −0.018%
−$13.08
Slippage, 4 orders
−$34.15
Fee Aster: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$135.88
Costs to cover
0.521%
Break-even
never at this rate
Slippage from Aster: live order book, 5 min ago; Kraken Futures: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 5 min ago2.23 bp8.2 bp −$817.8 bp −$178doesn't fitdoesn't fit
Sell Kraken Futures live order book, 5 min ago9.02 bp14.4 bp −$1419.7 bp −$19742.9 bp −$4,292doesn't fit

NEAR on 45 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NEARUSDshort−0.0236%1h4.4721−0.149%$7.4M$36.9M50x
Reya NEARRUSDPERP−0.0171%1h4.4779−0.020%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4874+0.193%$110K$53K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4844+0.125%$842K$26.1M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4755−0.073%$168K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.542%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4840+0.116%$123K$503K50xas long as short
Aster NEARUSDTlong+0.0100%8h4.4788long leg$2.6M$4.7M50x
Binance NEARUSDT+0.0100%8h4.4790+0.005%$271.7M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4787−0.002%$231.1M$427.5M75xas long as short
Show all 45 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4770−0.040%$64.0M$297.7M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4950+0.362%$268K$12K10xas long as short
Gate NEAR_USDT+0.0100%8h4.4775−0.029%$39.8M$62.0M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4770−0.040%$77.1M$167.7M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4780−0.018%$53.2M$43.8M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4750−0.085%$74.2M$126.3M75xas long as short
BingX NEAR-USDC+0.0100%8h4.4770−0.040%$6.7Mas long as short
Variational Omni NEAR+0.0100%8h4.4874+0.191%$8.9M$16.4Mas long as short
edgeX NEARUSDC+0.0100%4h4.4861+0.163%$265K$869K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4860+0.161%$1.5M$1.7M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4790+0.005%$167K$823K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4847+0.132%$278K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4786−0.004%$58K$269K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4950+0.362%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4755−0.073%$5K$39K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4860+0.161%$465K$3.7M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4790+0.005%$3.4M$7.9M50xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.4869+0.181%$33K$24510xas long as short
Extended NEAR-USD+0.0104%1h4.4760−0.062%$3.8M$15.0M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.4749−0.086%$208K$38K3xas long as short
Hyperliquid NEAR+0.0191%1h4.4808+0.045%$361.0M$314.7M10xas long as short
Nado NEAR-PERP+0.0211%1h4.4845+0.128%$1.8M$3.1M10xas long as short
01 Exchange NEARUSD+0.0216%1h4.4822+0.076%$13K$4K10xas long as short
BloFin NEAR-USDT+0.0220%8h4.4750−0.085%$12.8M$32.4M75xas long as short
Lighter NEAR+0.0280%1h4.4792+0.009%$17.5M$23.3M15xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0341% / S −0.0226%1h4.4760−0.062%$262K100xas long as short
Arcus NEAR-USD+0.0343%1h4.4870+0.183%$227K$1.4M10xas long as short
Lighter RH NEAR+0.0360%1h4.4803+0.034%$1.6M$5.8M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0443%1h4.4791+0.007%$1.9M$13.0M25xas long as short
RISEx NEAR/USDC+0.0489%1h4.4907+0.267%$634K$1.6M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0504%1h4.4815+0.061%$2.3M$17.6M50xas long as short
Backpack NEAR_USDC_PERP+0.0641%1h4.4791+0.007%$1.1M$7.1M20xas long as short
Phoenix NEAR+0.0741%1h4.5070+0.630%$1.7M$2.7M10xas long as short
Pacifica NEAR+0.0851%1h4.4896+0.241%$420K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1131%1h4.4863+0.167%$6K$6K10xas long as short