Funding you earn now, next payment 06:00 UTC+0.0202%/8h= +22.1% APRnext payment +$0.25 per $10,000 · paid last 24h −0.209%
Price spread now: Pacifica against Backpack−0.034%7-day average −0.828% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs+$46as in the Price arb table
costs, in and out, $10k−$340.338% of the position
Funding, last 7 days−0.357%−$36 on $10k
+Price spread, last 7 days+0.218%+$22 · spread now −0.034%, 7d avg −0.828%
=Together, before fees−0.139%+ Points / potential airdropPacifica: Active · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Pacifica is 0.794% dearer against Backpack than usual: you sell high and buy low: +$79 more if the spread goes back to its 7-day average of −0.828%. Mind the row above: over the last 7 days funding on this pair cost −0.357%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack NEAR_USDC_PERP | 4.2886 | 0.0645 | pay 0.0081% / 1h | 41m 43s | $1.3M | $6.8M | 20x |
| Short | Pacifica NEAR | 4.2872 | 0.0847 | get 0.0106% / 1h | 41m 43s | $392K | $1.3M | 10x |
Backpack NEAR_USDC_PERP
Pacifica NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $42.46
- Price spread: −0.034% → −0.828%
- $79.4
- Slippage, 4 orders
- −$15.84
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- $88.02
- Costs to cover
- 0.338%
- Break-even
- from the start
Slippage from Backpack: live order book, 2 min ago; Pacifica: live order book, 2 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 Backpack live order book, 2 min ago | 1.87 bp | 6.9 bp −$7 | 15.7 bp −$157 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 2 min ago | 2.69 bp | 11.3 bp −$11 | 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 | 4.2822 | −0.149% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2839 | −0.111% | $106K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.2793 | −0.217% | $160K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.442% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2850 | −0.084% | $112K | $500K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2890 | +0.009% | $262.1M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.2834 | −0.121% | $213.1M | $421.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2850 | −0.084% | $60.4M | $284.4M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2850 | −0.084% | $244K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2834 | −0.121% | $32.1M | $59.7M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2880 | −0.014% | $71.8M | $142.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2880 | −0.014% | $53.0M | $45.5M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2837 | −0.114% | $70.8M | $127.4M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.2850 | −0.084% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.2678 | −0.486% | $8.1M | $18.0M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2781 | −0.245% | $250K | $950K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2750 | −0.317% | $1.4M | $1.5M | 10x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2844 | −0.098% | $263K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2885 | −0.002% | $56K | $243K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2910 | +0.056% | $2K | $1.4M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.2930 | +0.103% | $459K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2900 | +0.033% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.2838 | −0.112% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2877 | −0.020% | $199K | $37K | 3x | as long as short |
| ApeX Omni NEARUSDT | +0.0111% | 1h | 4.2740 | −0.340% | $164K | $794K | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2870 | −0.037% | $13.3M | $31.6M | 75x | as long as short |
| Kalshi KXNEARPERP | +0.0247% | 8h | 4.2840 | −0.107% | $844K | $24.5M | 2.2x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0256% | 1h | 4.2894 | +0.019% | $2.3M | $15.8M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0322% / S −0.0198% | 1h | 4.2787 | −0.230% | $231K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0335% | 8h | 4.2870 | −0.037% | $2.8M | $5.4M | 50x | as long as short |
| Nado NEAR-PERP | +0.0342% | 1h | 4.2819 | −0.157% | $1.7M | $3.2M | 10x | as long as short |
| Extended NEAR-USD | +0.0528% | 1h | 4.2838 | −0.111% | $3.6M | $19.9M | 25x | as long as short |
| SoDEX NEAR-USD | +0.0607% | 1h | 4.2865 | −0.049% | $6K | $53K | 10x | as long as short |
| Backpack NEAR_USDC_PERPlong | +0.0645% | 1h | 4.2886 | long leg | $1.3M | $6.8M | 20x | |
| Hyperliquid NEAR | +0.0705% | 1h | 4.2898 | +0.028% | $350.4M | $311.7M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0738% | 1h | 4.2873 | −0.029% | $7.6M | $38.6M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0744% | 1h | 4.2953 | +0.156% | $13K | $7K | 10x | as long as short |
| Lighter NEAR | +0.0808% | 1h | 4.2910 | +0.056% | $16.8M | $25.0M | 15x | as long as short |
| Arcus NEAR-USD | +0.0814% | 1h | 4.2920 | +0.079% | $213K | $1.6M | 10x | as long as short |
| Pacifica NEARshort | +0.0847% | 1h | 4.2872 | −0.034% | $392K | $1.3M | 10x | |
| Phoenix NEAR | +0.1033% | 1h | 4.2903 | +0.040% | $1.8M | $2.5M | 10x | as long as short |
| Lighter RH NEAR | +0.1048% | 1h | 4.2920 | +0.079% | $1.5M | $7.3M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1057% | 1h | 4.2891 | +0.012% | $2.0M | $11.0M | 25x | as long as short |
| RISEx NEAR/USDC | +0.1220% | 1h | 4.2907 | +0.050% | $692K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1457% | 1h | 4.2822 | −0.149% | $5K | $12K | 10x | as long as short |
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
ApeX Omni NEARUSDT
BloFin NEAR-USDT
Kalshi KXNEARPERP
Coinbase International NEAR-PERP-INTX
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
Nado NEAR-PERP
Extended NEAR-USD
SoDEX NEAR-USD
Hyperliquid NEAR
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Lighter NEAR
Arcus NEAR-USD
Phoenix NEAR
Lighter RH NEAR
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
Aftermath Perps NEARUSD