Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.1060%/8h= +116.0% APRpaid last 24h +0.344%

Price spread now: Aftermath Perps against Variational Omni−0.027%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Aftermath Perps is 0.027% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$32 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni NEAR	4.4874	0.0100	pay 0.0100% / 8h	5h 52m	$8.9M	$16.8M	—
Short	Aftermath Perps NEARUSD	4.4862	0.1160	get 0.0145% / 1h	52m 53s	$6K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Variational Omni. 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 Variational OmnibpFee Aftermath PerpsbpOrdersPrice spread, now −0.027%Rate

Funding earned: $222.51
Price spread: −0.027% → 0.000%: −$2.68
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $210.82
Costs to cover: 0.090%
Break-even: 0.4 days

Slippage unknown: Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago	3.83 bp	doesn't fit	9.4 bp −$94	33.1 bp −$3,308	doesn't fit
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 45 exchanges

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
Kraken Futures PF_NEARUSD	−0.0236%	1h	4.4803	−0.158%	$7.4M	$37.0M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4719	−0.344%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4714	−0.356%	$110K	$53K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4835	−0.086%	$822K	$26.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4768	−0.235%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.718%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4710	−0.364%	$123K	$505K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4833	−0.091%	$2.6M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4858	−0.034%	$272.3M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4847	−0.059%	$231.7M	$428.0M	75x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4840	−0.075%	$64.0M	$298.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4950	+0.170%	$268K	$12K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4830	−0.097%	$39.8M	$61.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4830	−0.097%	$75.8M	$167.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4810	−0.142%	$53.2M	$44.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4819	−0.122%	$74.3M	$126.8M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4840	−0.075%	—	$6.7M	—	as long as short
Variational Omni NEARlong	+0.0100%	8h	4.4874	long leg	$8.9M	$16.8M	—
edgeX NEARUSDC	+0.0100%	4h	4.4966	+0.206%	$266K	$867K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4729	−0.322%	$1.5M	$1.7M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4640	−0.520%	$166K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4743	−0.291%	$280K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4814	−0.133%	$58K	$269K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4800	−0.164%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4830	−0.097%	$5K	$40K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4910	+0.081%	$466K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4820	−0.119%	$3.4M	$7.9M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4738	−0.303%	$32K	$51	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4795	−0.175%	$3.7M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4804	−0.154%	$208K	$38K	3x	as long as short
Lighter NEAR	+0.0176%	1h	4.4903	+0.066%	$17.5M	$23.3M	15x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4850	−0.052%	$12.9M	$32.5M	75x	as long as short
Nado NEAR-PERP	+0.0239%	1h	4.4730	−0.320%	$1.7M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0256%	1h	4.4721	−0.340%	$13K	$4K	10x	as long as short
Hyperliquid NEAR	+0.0266%	1h	4.4878	+0.009%	$361.6M	$314.5M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0341% / S −0.0226%	1h	4.4796	−0.173%	$262K	—	100x	as long as short
Arcus NEAR-USD	+0.0343%	1h	4.4750	−0.275%	$226K	$1.4M	10x	as long as short
Lighter RH NEAR	+0.0448%	1h	4.4838	−0.079%	$1.6M	$5.8M	10x	as long as short
RISEx NEAR/USDC	+0.0489%	1h	4.4808	−0.146%	$633K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0504%	1h	4.4869	−0.010%	$2.3M	$17.6M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0601%	1h	4.4832	−0.093%	$1.1M	$7.0M	20x	as long as short
Phoenix NEAR	+0.0741%	1h	4.5045	+0.382%	$1.7M	$2.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0821%	1h	4.4849	−0.055%	$1.9M	$13.0M	25x	as long as short
Pacifica NEAR	+0.0851%	1h	4.4736	−0.305%	$421K	$1.4M	10x	as long as short
Aftermath Perps NEARUSDshort	+0.1160%	1h	4.4862	−0.027%	$6K	$6K	10x