Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Pacifica against BingX+0.043%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$510.508% of the position

Long on BingX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 4 days (all we have)−0.782%−$78 · spread now +0.043%, 7d avg +0.033%

Together, before fees−0.661%+ Points / potential airdropPacifica: Active · farm board−$66 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NEAR-USDC	4.1470	0.0100	pay 0.0100% / 8h	2h 35m	—	$6.6M	—
Short	Pacifica NEAR	4.1488	0.0100	get 0.0013% / 1h	35m 29s	$367K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BingX. 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 BingXbpFee PacificabpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → +0.033%: $1.02
Slippage, 4 orders: −$32.75
Fee BingX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$49.73
Costs to cover: 0.508%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Pacifica: live order book, 3 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 BingX live order book, 7 min ago	1.21 bp	13.4 bp −$13	26.3 bp −$263	64.8 bp −$6,481	435.2 bp −$217.6K
Sell Pacifica live order book, 3 min ago	3.75 bp	16.2 bp −$16	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	4.1483	+0.030%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1338	−0.318%	$2.1M	$12.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1478	+0.020%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1361	−0.263%	$411K	$19.1M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.1372	−0.236%	$1.8M	$2.1M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1361	−0.262%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.0730	−1.784%	$569	$239K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1490	+0.048%	$107K	$489K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1470	0.000%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1520	+0.121%	$2.9M	$5.9M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEARshort	+0.0100%	1h	4.1488	+0.043%	$367K	$1.2M	10x
Binance NEARUSDT	+0.0100%	8h	4.1475	+0.012%	$236.3M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1460	−0.024%	$211.5M	$428.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1480	+0.024%	$56.6M	$277.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1240	−0.555%	$235K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1478	+0.019%	$29.6M	$58.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1470	0.000%	$80.4M	$142.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1510	+0.096%	$56.3M	$45.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1475	+0.012%	$69.1M	$127.7M	75x	as long as short
BingX NEAR-USDClong	+0.0100%	8h	4.1470	long leg	—	$6.6M	—
Variational Omni NEAR	+0.0100%	8h	4.1205	−0.639%	$7.5M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1283	−0.452%	$235K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1402	−0.164%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1450	−0.048%	$182K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1502	+0.077%	$207K	$3.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1355	−0.277%	$53K	$159K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1400	−0.169%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1355	−0.277%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1380	−0.217%	$3.8M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1471	+0.002%	$3.6M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1345	−0.301%	$200K	$65K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1500	+0.072%	$308K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0150%	1h	4.1376	−0.227%	$7.1M	$36.7M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1410	−0.145%	$12.2M	$33.6M	75x	as long as short
01 Exchange NEARUSD	+0.0264%	1h	4.1508	+0.092%	$12K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0329%	1h	4.1470	0.000%	$1.8M	$3.6M	10x	as long as short
Lighter RH NEAR	+0.0344%	1h	4.1537	+0.162%	$1.4M	$7.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0373% / S −0.0317%	1h	4.1367	−0.248%	$273K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1506	+0.086%	$416K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1503	+0.080%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0807%	1h	4.1442	−0.068%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0888%	1h	4.1567	+0.235%	$15.4M	$22.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1025%	1h	4.1292	−0.429%	$5K	$11K	10x	as long as short
Hyperliquid NEAR	+0.1090%	1h	4.1549	+0.190%	$349.9M	$300.8M	10x	as long as short
HTX NEAR-USDT	+0.1128%	8h	4.1490	+0.048%	$449K	$3.8M	75x	as long as short