Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0338%/8h= +37.0% APRpaid last 24h +0.034%

Price spread now: Aster against gTrade (Gains Network)+0.160%7-day average +0.059% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$279as in the Price arb table

costs, in and out, $10k−$2892.894% of the position

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.110%+$11 on $10k

Price spread, last 4 days (all we have)−0.231%−$23 · spread now +0.160%, 7d avg +0.059%

Together, before fees−0.121%+ Points / potential airdropAster: Stage 5 · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Aster is 0.102% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.059%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.110% in total (about 11.7% 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	gTrade (Gains Network) NEAR/USD	4.4128	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	4m 21s	$166K	—	150x
Short	Aster NEARUSDT	4.4199	0.0342	get 0.0342% / 8h	2h 04m	$2.9M	$5.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now +0.160%Rate

Funding earned: $70.93
Price spread: +0.160% → +0.059%: $10.19
Slippage, 4 orders: −$271.44
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$208.32
Costs to cover: 2.894%
Break-even: 27.6 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 45 min ago; Aster: 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 gTrade (Gains Network) virtual book (oracle venue), 45 min ago	130.02 bp	135.0 bp −$135	875.9 bp −$8,759	9405.5 bp −$940.5K	doesn't fit
Sell Aster live order book, 4 min ago	1.14 bp	6.4 bp −$6	13.1 bp −$131	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	4.4107	−0.048%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4099	−0.068%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USDlong	L +0.0004% / S −0.0006%	1h	4.4128	long leg	$166K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.160%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4170	+0.094%	$117K	$497K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4160	+0.071%	$221.9M	$423.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4140	+0.026%	$62.3M	$294.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3500	−1.424%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4143	+0.033%	$33.7M	$61.3M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4200	+0.162%	$53.3M	$46.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4110	−0.042%	$72.8M	$127.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4197	+0.156%	$8.9M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4038	−0.206%	$257K	$964K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4185	+0.128%	$272K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4168	+0.090%	$58K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4130	+0.003%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4180	+0.117%	$468K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4070	−0.133%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4101	−0.062%	$32K	$608	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0111%	8h	4.4060	−0.155%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.4080	−0.110%	$205K	$40K	3x	as long as short
BingX NEAR-USDC	+0.0130%	8h	4.4160	+0.071%	—	$6.7M	—	as long as short
MEXC NEAR_USDT	+0.0142%	8h	4.4140	+0.026%	$83.8M	$146.6M	200x	as long as short
Binance NEARUSDT	+0.0144%	8h	4.4190	+0.139%	$268.6M	$1.09B	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.4121	−0.017%	$2.3M	$16.3M	50x	as long as short
BloFin NEAR-USDT	+0.0262%	8h	4.4150	+0.049%	$13.3M	$32.6M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0201%	1h	4.4133	+0.010%	$236K	—	100x	as long as short
Kalshi KXNEARPERP	+0.0314%	8h	4.4234	+0.239%	$1.0M	$24.7M	2.2x	as long as short
Aster NEARUSDTshort	+0.0342%	8h	4.4199	+0.160%	$2.9M	$5.2M	50x
Nado NEAR-PERP	+0.0391%	1h	4.4135	+0.015%	$1.7M	$3.2M	10x	as long as short
ApeX Omni NEARUSDT	+0.0434%	1h	4.4030	−0.223%	$168K	$797K	50x	as long as short
Extended NEAR-USD	+0.0456%	1h	4.4139	+0.024%	$3.7M	$19.2M	25x	as long as short
SoDEX NEAR-USD	+0.0498%	1h	4.4085	−0.099%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0678%	1h	4.4170	+0.094%	$363.4M	$311.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0698%	1h	4.4127	−0.003%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0712%	1h	4.4229	+0.228%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0717%	1h	4.4081	−0.108%	$7.3M	$39.2M	50x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.4210	+0.185%	$226K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.4124	−0.010%	$404K	$1.4M	10x	as long as short
Lighter NEAR	+0.0928%	1h	4.4150	+0.048%	$17.3M	$25.3M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.4241	+0.255%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1112%	1h	4.4146	+0.040%	$1.5M	$7.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.4204	+0.170%	$703K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1247%	1h	4.3901	−0.515%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1681%	1h	4.4115	−0.031%	$2.0M	$12.1M	25x	as long as short