Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.006%

Price spread now: Aster against Popdex+0.047%7-day average +0.034% · 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−$61as in the Price arb table

costs, in and out, $10k−$620.622% of the position

Long on Popdex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.266%−$27 · spread now +0.047%, 7d avg +0.034%

Together, before fees−0.245%+ Points / potential airdropAster: Stage 5 · farm board−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.021% in total (about 2.1% 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	Popdex NEARUSDT	4.2810	0.0096	pay 0.0012% / 1h	49m 33s	$111K	$500K	50x
Short	Aster NEARUSDT	4.2830	0.0336	get 0.0336% / 8h	2h 49m	$2.8M	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Popdex. 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 PopdexbpFee AsterbpOrdersPrice spread, now +0.047%Rate

Funding earned: $50.36
Price spread: +0.047% → +0.034%: $1.29
Slippage, 4 orders: −$47.83
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$10.58
Costs to cover: 0.622%
Break-even: 8.5 days

Slippage from Popdex: live order book, 64 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 Popdex live order book, 64 min ago	14.94 bp	21.1 bp −$21	83.5 bp −$835	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	1.17 bp	8.1 bp −$8	17.7 bp −$177	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	4.2843	+0.077%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2836	+0.062%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2859	+0.115%	$161K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.270%	$578	$301K	12x	as long as short
Popdex NEARUSDTlong	+0.0096%	1h	4.2810	long leg	$111K	$500K	50x
Binance NEARUSDT	+0.0100%	8h	4.2855	+0.106%	$261.3M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2810	0.000%	$212.6M	$423.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2840	+0.070%	$60.4M	$285.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2835	+0.059%	$244K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2814	+0.009%	$32.0M	$59.6M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.2890	+0.187%	$70.6M	$142.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2890	+0.187%	$53.1M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2838	+0.065%	$70.9M	$127.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2840	+0.070%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2828	+0.041%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2783	−0.062%	$250K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2882	+0.169%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2844	+0.079%	$272K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2891	+0.189%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2980	+0.397%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2970	+0.374%	$461K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2880	+0.164%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.2818	+0.018%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2928	+0.276%	$200K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2950	+0.327%	$13.4M	$31.7M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2945	+0.315%	$2.3M	$15.8M	50x	as long as short
Kalshi KXNEARPERP	+0.0269%	8h	4.2873	+0.147%	$832K	$24.5M	2.2x	as long as short
Nado NEAR-PERP	+0.0274%	1h	4.2838	+0.067%	$1.7M	$3.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0195%	1h	4.2854	+0.103%	$230K	—	100x	as long as short
Aster NEARUSDTshort	+0.0336%	8h	4.2830	+0.047%	$2.8M	$5.4M	50x
ApeX Omni NEARUSDT	+0.0347%	1h	4.2880	+0.164%	$165K	$794K	50x	as long as short
Extended NEAR-USD	+0.0496%	1h	4.2790	−0.047%	$3.7M	$19.9M	25x	as long as short
SoDEX NEAR-USD	+0.0631%	1h	4.2865	+0.128%	$6K	$53K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0681%	1h	4.2896	+0.201%	$1.3M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0692%	1h	4.2920	+0.257%	$350.5M	$311.2M	10x	as long as short
01 Exchange NEARUSD	+0.0712%	1h	4.2891	+0.189%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0738%	1h	4.2874	+0.150%	$7.6M	$38.7M	50x	as long as short
Lighter NEAR	+0.0768%	1h	4.2929	+0.278%	$16.8M	$25.0M	15x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2860	+0.117%	$210K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.2880	+0.164%	$392K	$1.3M	10x	as long as short
Lighter RH NEAR	+0.0944%	1h	4.2931	+0.283%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.1033%	1h	4.2873	+0.147%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1104%	1h	4.2904	+0.220%	$2.0M	$10.8M	25x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2849	+0.091%	$684K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1469%	1h	4.2879	+0.160%	$5K	$12K	10x	as long as short