Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0371%/8h= −40.6% APRpaid last 24h −0.097%

Price spread now: Aster against Kraken Futures+0.083%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$480.480% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.159%−$16 on $10k

Price spread, last 4 days (all we have)−0.150%−$15 · spread now +0.083%, 7d avg +0.022%

Together, before fees−0.309%+ Points / potential airdropAster: Stage 5 · farm board−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.061% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of +0.022%): +$6 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.159% in total) that is about 2.7 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.159% in total (about -8.3% 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	Kraken Futures PF_NEARUSD	4.4321	0.0714	pay 0.0089% / 1h	3m 10s	$7.4M	$39.1M	50x
Short	Aster NEARUSDT	4.4358	0.0343	get 0.0343% / 8h	2h 03m	$2.9M	$5.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$77.91
Price spread: +0.083% → +0.022%: $6.1
Slippage, 4 orders: −$29.97
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$119.79
Costs to cover: 0.480%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 6 min ago; Aster: 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 Kraken Futures live order book, 6 min ago	7.54 bp	18.4 bp −$18	22.7 bp −$227	55.3 bp −$5,526	4917.3 bp −$2.46M
Sell Aster live order book, 6 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	4.4162	−0.360%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4137	−0.416%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4226	−0.216%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.569%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4170	−0.342%	$117K	$498K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4330	+0.019%	$223.2M	$423.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4330	+0.019%	$62.4M	$295.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3500	−1.853%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4323	+0.004%	$33.8M	$61.3M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4340	+0.042%	$53.4M	$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	4.4329	+0.017%	$73.1M	$127.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4197	−0.280%	$8.9M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4142	−0.404%	$258K	$965K	20x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4184	−0.310%	$272K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4306	−0.035%	$58K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4270	−0.116%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4370	+0.110%	$470K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4320	−0.003%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4140	−0.410%	$32K	$608	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0111%	8h	4.4060	−0.590%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.4369	+0.108%	$206K	$40K	3x	as long as short
BingX NEAR-USDT	+0.0137%	8h	4.4350	+0.064%	—	$143.7M	—	as long as short
MEXC NEAR_USDT	+0.0143%	8h	4.4340	+0.042%	$85.1M	$146.8M	200x	as long as short
Binance NEARUSDT	+0.0144%	8h	4.4350	+0.064%	$269.6M	$1.09B	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.4281	−0.091%	$2.3M	$16.4M	50x	as long as short
BloFin NEAR-USDT	+0.0264%	8h	4.4300	−0.048%	$13.4M	$32.7M	75x	as long as short
Kalshi KXNEARPERP	+0.0312%	8h	4.4238	−0.188%	$1.1M	$24.7M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0201%	1h	4.4175	−0.331%	$236K	—	100x	as long as short
Aster NEARUSDTshort	+0.0343%	8h	4.4358	+0.083%	$2.9M	$5.2M	50x
Nado NEAR-PERP	+0.0392%	1h	4.4132	−0.428%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0448%	1h	4.4312	−0.022%	$3.7M	$19.2M	25x	as long as short
ApeX Omni NEARUSDT	+0.0450%	1h	4.4150	−0.387%	$167K	$803K	50x	as long as short
SoDEX NEAR-USD	+0.0493%	1h	4.4305	−0.037%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0685%	1h	4.4387	+0.147%	$365.4M	$311.5M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0697%	1h	4.4372	+0.114%	$1.3M	$6.5M	20x	as long as short
01 Exchange NEARUSD	+0.0704%	1h	4.4209	−0.254%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSDlong	+0.0714%	1h	4.4321	long leg	$7.4M	$39.1M	50x
Arcus NEAR-USD	+0.0814%	1h	4.4180	−0.319%	$225K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.4167	−0.348%	$405K	$1.4M	10x	as long as short
Lighter NEAR	+0.0936%	1h	4.4406	+0.192%	$17.4M	$25.3M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.4241	−0.181%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1104%	1h	4.4410	+0.200%	$1.5M	$7.5M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.4169	−0.344%	$701K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1252%	1h	4.3970	−0.793%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1443%	1h	4.4376	+0.123%	$2.0M	$12.1M	25x	as long as short