Funding you earn now, next payment 01:00 UTC−0.0341%/8h= −37.3% APRnext payment −$0.43 per $10,000 · paid last 24h −0.033%
Price spread now: Pacifica against Deribit+0.061%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$370.372% of the position
Funding, last 7 days−0.272%−$27 on $10k
+Price spread, last 3 days (all we have)−0.065%−$6 · spread now +0.061%, 7d avg −0.032%
=Together, before fees−0.337%+ Points / potential airdropPacifica: Active · farm board−$34 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.093% dearer against Deribit than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of −0.032%): +$9 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.272% in total) that is about 2.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit NEAR_USDC-PERPETUAL | 4.3444 | 0.0441 | pay 0.0055% / 1h | 12m 43s | $1.9M | $3.8M | 25x |
| Short | Pacifica NEAR | 4.3470 | 0.0100 | get 0.0013% / 1h | 12m 43s | $401K | $1.2M | 10x |
Deribit NEAR_USDC-PERPETUAL
Pacifica NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Deribit. 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
- −$71.61
- Price spread: +0.061% → −0.032%
- $9.34
- Slippage, 4 orders
- −$22.22
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$99.49
- Costs to cover
- 0.372%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 1 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 Deribit live order book, 1 min ago | 3.22 bp | 6.7 bp −$7 | 14.6 bp −$146 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 1 min ago | 0.12 bp | 16.4 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex NEARUSDT | −0.0297% | 8h | 4.3420 | −0.055% | $3.9M | $8.4M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3405 | −0.089% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0129% | 1h | 4.3465 | +0.049% | $7.5M | $37.5M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0096% | 1h | 4.3413 | −0.071% | $2.3M | $13.2M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3459 | +0.035% | $113K | $64K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3438 | −0.014% | $353K | $19.0M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3404 | −0.091% | $206K | — | 150x | as long as short |
| Variational Omni NEAR | +0.0005% | 8h | 4.3018 | −0.980% | $8.2M | $18.9M | — | as long as short |
| 01 Exchange NEARUSD | +0.0016% | 1h | 4.3445 | +0.002% | $13K | $7K | 10x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.682% | $578 | $302K | 12x | as long as short |
Phemex NEARUSDT
Reya NEARRUSDPERP
Kraken Futures PF_NEARUSD
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Variational Omni NEAR
01 Exchange NEARUSD
Injective NEAR/USDC PERPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex NEARUSDT | +0.0096% | 1h | 4.3440 | −0.009% | $116K | $479K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0098% | 8h | 4.3417 | −0.062% | $58K | $176K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3452 | +0.019% | $31K | $608 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3530 | +0.198% | $3.0M | $5.8M | 50x | as long as short |
| Pacifica NEARshort | +0.0100% | 1h | 4.3470 | +0.061% | $401K | $1.2M | 10x | |
| Binance NEARUSDT | +0.0100% | 8h | 4.3462 | +0.041% | $259.4M | $1.06B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3430 | −0.032% | $220.1M | $415.6M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3460 | +0.037% | $61.4M | $280.7M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3470 | +0.060% | $206K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3083 | −0.830% | $245K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3464 | +0.046% | $31.3M | $60.8M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3470 | +0.060% | $76.4M | $141.8M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3460 | +0.037% | $56.4M | $42.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3430 | −0.032% | $72.4M | $122.7M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3450 | +0.014% | — | $141.8M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3290 | −0.354% | $258K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3295 | −0.343% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3330 | −0.262% | $181K | $780K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3446 | +0.005% | $193K | $3.4M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3490 | +0.106% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3429 | −0.035% | $5K | $52K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3520 | +0.175% | $459K | $3.7M | 75x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3417 | −0.062% | $3.8M | $17.3M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3405 | −0.089% | $202K | $31K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3400 | −0.101% | $13.0M | $27.8M | 75x | as long as short |
| Hyperliquid NEAR | +0.0353% | 1h | 4.3563 | +0.274% | $370.8M | $306.0M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0376% / S −0.0307% | 1h | 4.3411 | −0.076% | $277K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0421% | 1h | 4.3425 | −0.044% | $1.9M | $3.1M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0428% | 1h | 4.3460 | +0.038% | $404K | $1.2M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUALlong | +0.0441% | 1h | 4.3444 | long leg | $1.9M | $3.8M | 25x | |
| Lighter RH NEAR | +0.0456% | 1h | 4.3533 | +0.205% | $1.6M | $7.0M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0481% | 1h | 4.3500 | +0.129% | $1.3M | $5.9M | 20x | as long as short |
| Phoenix NEAR | +0.0499% | 1h | 4.3638 | +0.447% | $1.8M | $2.7M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1502% | 1h | 4.3260 | −0.424% | $5K | $12K | 10x | as long as short |
| Lighter NEAR | +0.1816% | 1h | 4.3568 | +0.285% | $17.4M | $24.7M | 15x | as long as short |
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Extended NEAR-USD
Aevo NEAR-PERP
BloFin NEAR-USDT
Hyperliquid NEAR
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
RISEx NEAR/USDC
Lighter RH NEAR
Backpack NEAR_USDC_PERP
Phoenix NEAR
Aftermath Perps NEARUSD
Lighter NEAR