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 Bitget+0.177%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$490.490% of the position

Long on Bitget Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 4 days (all we have)−0.312%−$31 · spread now +0.177%, 7d avg +0.039%

Together, before fees−0.220%+ Points / potential airdropPacifica: 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 0.138% dearer against Bitget than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NEARUSDT	4.3846	0.0100	pay 0.0100% / 8h	6h 30m	$72.5M	$123.4M	75x
Short	Pacifica NEAR	4.3924	0.0100	get 0.0013% / 1h	30m 52s	$415K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bitget. 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 BitgetbpFee PacificabpOrdersPrice spread, now +0.177%Rate

Funding earned: $0
Price spread: +0.177% → +0.039%: $13.76
Slippage, 4 orders: −$29.01
Fee Bitget: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$35.24
Costs to cover: 0.490%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 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 Bitget live order book, 3 min ago	1.37 bp	8.7 bp −$9	12.1 bp −$121	39.7 bp −$3,967	doesn't fit
Sell Pacifica live order book, 3 min ago	4.00 bp	17.2 bp −$17	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	4.3841	−0.012%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3836	−0.023%	$2.2M	$13.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3835	−0.025%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3858	+0.027%	$565K	$19.4M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3829	−0.040%	$159K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.556%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0059%	8h	4.3918	+0.165%	$8.5M	$18.7M	—	as long as short
Phemex NEARUSDT	+0.0066%	8h	4.3810	−0.082%	$3.9M	$8.2M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3860	+0.032%	$112K	$484K	50x	as long as short
Pacifica NEARshort	+0.0100%	1h	4.3924	+0.177%	$415K	$1.2M	10x

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.3908	+0.141%	$263.9M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3914	+0.155%	$223.4M	$418.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3910	+0.146%	$62.0M	$285.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3920	+0.169%	$208K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	−0.905%	$248K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3862	+0.036%	$31.6M	$61.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3880	+0.078%	$76.3M	$139.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3880	+0.078%	$56.1M	$42.8M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.3846	long leg	$72.5M	$123.4M	75x
BingX NEAR-USDT	+0.0100%	8h	4.3890	+0.100%	—	$142.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3679	−0.381%	$262K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3920	+0.168%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3670	−0.401%	$181K	$774K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3883	+0.084%	$217K	$3.5M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3853	+0.016%	$59K	$189K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3930	+0.192%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3825	−0.048%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3940	+0.214%	$457K	$3.9M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3901	+0.126%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3830	−0.036%	$4.2M	$17.9M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3834	−0.028%	$204K	$34K	3x	as long as short
Aster NEARUSDT	+0.0144%	8h	4.3890	+0.100%	$3.1M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0216%	1h	4.3820	−0.059%	$7.7M	$39.9M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0360% / S −0.0276%	1h	4.3825	−0.047%	$262K	—	100x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.3919	+0.166%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0420%	1h	4.3855	+0.021%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3905	+0.134%	$548K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.3944	+0.224%	$1.8M	$2.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0708%	1h	4.3869	+0.052%	$1.9M	$4.1M	25x	as long as short
Lighter RH NEAR	+0.0760%	1h	4.3888	+0.096%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0814%	1h	4.3906	+0.137%	$371.1M	$306.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0877%	1h	4.3880	+0.078%	$1.4M	$6.0M	20x	as long as short
Aftermath Perps NEARUSD	+0.1438%	1h	4.3708	−0.314%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1496%	1h	4.3909	+0.143%	$17.5M	$24.9M	15x	as long as short