Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Pacifica against Binance−0.878%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$530.525% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.905%+$90 · spread now −0.878%, 7d avg +0.026%

Together, before fees+0.976%+ Points / potential airdropPacifica: Active · farm board+$98 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 0.904% cheaper against Binance than usual: you would sell low and buy high, −$90 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.4138	0.0100	pay 0.0100% / 8h	6h 27m	$266.3M	$1.07B	75x
Short	Pacifica NEAR	4.3750	0.0100	get 0.0013% / 1h	27m 57s	$413K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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 BinancebpFee PacificabpOrdersPrice spread, now −0.878%Rate

Funding earned: $0
Price spread: −0.878% → +0.026%: −$90.43
Slippage, 4 orders: −$34.51
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$142.94
Costs to cover: 0.525%
Break-even: never at this rate

Slippage from Binance: live order book, 16 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 Binance live order book, 16 min ago	1.16 bp	6.9 bp −$7	11.8 bp −$118	37.3 bp −$3,726	114.4 bp −$57.2K
Sell Pacifica live order book, 1 min ago	6.51 bp	20.5 bp −$20	doesn't fit	doesn't fit	doesn't fit

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	4.4089	−0.110%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.4077	−0.137%	$2.2M	$13.8M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3758	−0.860%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3985	−0.346%	$615K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4090	−0.108%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.180%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0059%	8h	4.3918	−0.497%	$8.5M	$18.7M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4010	−0.289%	$113K	$482K	50x	as long as short
Pacifica NEARshort	+0.0100%	1h	4.3750	−0.878%	$413K	$1.2M	10x
Binance NEARUSDTlong	+0.0100%	8h	4.4138	long leg	$266.3M	$1.07B	75x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.4097	−0.092%	$223.7M	$418.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4080	−0.130%	$62.5M	$287.0M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3970	−0.380%	$208K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	−1.559%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4056	−0.185%	$31.8M	$61.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4100	−0.085%	$76.2M	$139.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4150	+0.028%	$56.4M	$42.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4103	−0.078%	$73.0M	$123.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4070	−0.153%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3889	−0.563%	$271K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3920	−0.494%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3880	−0.584%	$182K	$766K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4087	−0.115%	$219K	$3.5M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4099	−0.087%	$59K	$189K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4070	−0.153%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4085	−0.119%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4120	−0.040%	$457K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4050	−0.198%	$3.9M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3844	−0.666%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4064	−0.167%	$3.8M	$18.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4130	−0.017%	$205K	$34K	3x	as long as short
Aster NEARUSDT	+0.0147%	8h	4.4111	−0.060%	$3.1M	$5.7M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0215%	1h	4.4074	−0.143%	$7.7M	$40.0M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0349% / S −0.0257%	1h	4.4080	−0.130%	$252K	—	100x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.4038	−0.226%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0416%	1h	4.4065	−0.164%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.4015	−0.278%	$553K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3944	−0.439%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0792%	1h	4.4126	−0.026%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0851%	1h	4.4162	+0.055%	$373.1M	$307.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0898%	1h	4.4163	+0.058%	$1.4M	$6.0M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0998%	1h	4.4129	−0.019%	$1.9M	$4.2M	25x	as long as short
Aftermath Perps NEARUSD	+0.1475%	1h	4.3819	−0.721%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1576%	1h	4.4159	+0.049%	$17.7M	$25.0M	15x	as long as short