Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1504%/8h= +164.7% APRpaid last 24h +0.309%

Price spread now: Aftermath Perps against MEXC+0.705%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$45 a day on $10k at the current rate, and Aftermath Perps is 0.705% dearer against MEXC than usual: you sell high and buy low: +$70 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NEAR_USDT	4.3950	0.0100	pay 0.0100% / 8h	6h 17m	$74.7M	$142.9M	200x
Short	Aftermath Perps NEARUSD	4.4260	0.1604	get 0.0201% / 1h	17m 15s	$6K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against MEXC. 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 MEXCbpFee Aftermath PerpsbpOrdersPrice spread, now +0.705%Rate

Funding earned: $315.85
Price spread: +0.705% → 0.000%: $70.46
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $377.31
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: MEXC: live order book, 2 min ago; Aftermath Perps: no order-book sample. Net counts fees only.

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 MEXC live order book, 2 min ago	1.12 bp	1.1 bp −$1	3.2 bp −$32	70.4 bp −$7,035	110.5 bp −$55.3K
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.3878	−0.165%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3905	−0.102%	$2.2M	$14.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3965	+0.035%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4083	+0.303%	$599K	$20.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3913	−0.084%	$194K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.779%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0080%	8h	4.4757	+1.836%	$8.6M	$18.5M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3900	−0.114%	$111K	$494K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4002	+0.118%	$414K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3916	−0.077%	$266.3M	$1.08B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.3929	−0.048%	$222.8M	$422.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3920	−0.068%	$62.4M	$290.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3970	+0.046%	$209K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4050	+0.228%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3906	−0.100%	$31.7M	$62.5M	75x	as long as short
MEXC NEAR_USDTlong	+0.0100%	8h	4.3950	long leg	$74.7M	$142.9M	200x
KuCoin NEARUSDTM	+0.0100%	8h	4.3910	−0.091%	$53.9M	$43.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3899	−0.116%	$72.4M	$126.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3930	−0.046%	—	$143.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4564	+1.396%	$281K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4520	+1.297%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4540	+1.342%	$183K	$765K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3887	−0.143%	$208K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3931	−0.043%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3920	−0.068%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3915	−0.080%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4000	+0.114%	$454K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3840	−0.250%	$3.9M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3997	+0.107%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3843	−0.244%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4007	+0.129%	$205K	$34K	3x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0137%	1h	4.3949	−0.002%	$1.9M	$4.2M	25x	as long as short
Aster NEARUSDT	+0.0187%	8h	4.3984	+0.076%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0215%	1h	4.3919	−0.070%	$8.0M	$40.9M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0248%	1h	4.3877	−0.167%	$259K	—	100x	as long as short
Nado NEAR-PERP	+0.0403%	1h	4.3867	−0.188%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0424%	1h	4.3887	−0.143%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3894	−0.127%	$554K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4150	+0.455%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0808%	1h	4.3960	+0.023%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0911%	1h	4.3938	−0.027%	$370.5M	$308.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0948%	1h	4.4041	+0.207%	$1.4M	$6.3M	20x	as long as short
Aftermath Perps NEARUSDshort	+0.1604%	1h	4.4260	+0.705%	$6K	$12K	10x
Lighter NEAR	+0.1752%	1h	4.4011	+0.138%	$17.6M	$25.7M	15x	as long as short