Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Aster−0.227%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$440.440% of the position

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.198%+$20 · spread now −0.227%, 7d avg −0.025%

Together, before fees+0.215%+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm board+$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.202% cheaper against Aster than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster NEARUSDT	4.3104	0.0100	pay 0.0100% / 8h	7h 18m	$3.0M	$5.8M	50x
Short	Pacifica NEAR	4.3006	0.0100	get 0.0013% / 1h	18m 12s	$397K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Aster. 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 AsterbpFee PacificabpOrdersPrice spread, now −0.227%Rate

Funding earned: $0
Price spread: −0.227% → −0.025%: −$20.25
Slippage, 4 orders: −$27.99
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$64.24
Costs to cover: 0.440%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; Pacifica: live order book, 1 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 Aster live order book, 6 min ago	2.32 bp	7.9 bp −$8	22.2 bp −$222	doesn't fit	doesn't fit
Sell Pacifica live order book, 1 min ago	4.18 bp	17.2 bp −$17	doesn't fit	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	4.3071	−0.075%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3123	+0.045%	$7.3M	$37.4M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3068	−0.083%	$2.3M	$13.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2981	−0.284%	$111K	$64K	10x	as long as short
01 Exchange NEARUSD	0.0000%	1h	4.3086	−0.041%	$13K	$7K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3143	+0.091%	$330K	$19.4M	2.2x	as long as short
Variational Omni NEAR	+0.0003%	8h	4.2948	−0.361%	$8.1M	$18.9M	—	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3102	−0.003%	$204K	—	150x	as long as short
Phemex NEARUSDT	+0.0005%	8h	4.3080	−0.055%	$3.8M	$8.5M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.929%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3070	−0.078%	$115K	$489K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3135	+0.073%	$57K	$186K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2983	−0.281%	$31K	$608	10x	as long as short
Aster NEARUSDTlong	+0.0100%	8h	4.3104	long leg	$3.0M	$5.8M	50x
Pacifica NEARshort	+0.0100%	1h	4.3006	−0.227%	$397K	$1.2M	10x
Binance NEARUSDT	+0.0100%	8h	4.3090	−0.032%	$256.5M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3047	−0.131%	$218.5M	$418.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3040	−0.148%	$60.9M	$281.4M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3070	−0.078%	$197K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3083	−0.047%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3067	−0.085%	$31.0M	$60.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3070	−0.078%	$76.8M	$141.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3110	+0.015%	$56.3M	$42.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3047	−0.131%	$71.4M	$124.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3040	−0.148%	—	$142.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3013	−0.210%	$256K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2988	−0.269%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2990	−0.264%	$180K	$781K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3115	+0.026%	$192K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3170	+0.154%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3119	+0.036%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3230	+0.293%	$456K	$3.7M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3100	−0.008%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3118	+0.033%	$201K	$28K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3180	+0.177%	$13.0M	$28.1M	75x	as long as short
Hyperliquid NEAR	+0.0244%	1h	4.3142	+0.089%	$364.7M	$304.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0374% / S −0.0307%	1h	4.3105	+0.003%	$274K	—	100x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3088	−0.036%	$404K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0447%	1h	4.3105	+0.003%	$1.9M	$3.2M	10x	as long as short
Lighter RH NEAR	+0.0456%	1h	4.3165	+0.142%	$1.6M	$7.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0467%	1h	4.3130	+0.061%	$1.3M	$5.9M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0469%	1h	4.3153	+0.114%	$1.9M	$3.8M	25x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3113	+0.022%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1478%	1h	4.3087	−0.040%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1880%	1h	4.3234	+0.303%	$17.3M	$24.6M	15x	as long as short