NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0701%/8h= +76.8% APRnext payment +$0.88 per $10,000 · paid last 24h +0.060%

Price spread now: Pacifica against dYdX+0.118%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$1011.006% of the position

Long on dYdX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.260%+$26 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.118%, 7d avg +0.046%

Together, before fees+0.198%+ Points / potential airdropPacifica: Active · farm board+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Pacifica is 0.073% dearer against dYdX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.046%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.260% in total (about 13.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.88 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX NEAR-USD	4.3543	0	get 0.0000% / 1h	56m 19s	$107K	$68K	10x
Short	Pacifica NEAR	4.3595	0.0701	get 0.0088% / 1h	56m 19s	$411K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against dYdX. 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 dYdXbpFee PacificabpOrdersPrice spread, now +0.118%Rate

Funding earned: $147.3
Price spread: +0.118% → +0.046%: $7.26
Slippage, 4 orders: −$82.55
Fee dYdX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $54.01
Costs to cover: 1.006%
Break-even: 4.4 days

Slippage from dYdX: live order book, 43 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 dYdX live order book, 43 min ago	28.93 bp	40.6 bp −$41	100.1 bp −$1,001	210.3 bp −$21.0K	681.3 bp −$340.6K
Sell Pacifica live order book, 3 min ago	1.94 bp	13.5 bp −$14	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
Kraken Futures PF_NEARUSD	−0.0433%	1h	4.3617	+0.168%	$7.2M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3560	+0.038%	$2K	—	20x	as long as short
Phemex NEARUSDT	−0.0122%	8h	4.3640	+0.222%	$3.5M	$8.2M	50x	as long as short
dYdX NEAR-USDlong	0.0000%	1h	4.3543	long leg	$107K	$68K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3589	+0.105%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.900%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3610	+0.153%	$115K	$500K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3591	+0.109%	$2.7M	$4.8M	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3596	+0.121%	$219.9M	$429.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3590	+0.107%	$61.5M	$296.0M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus NEAR-USD	+0.0100%	1h	4.3640	+0.222%	$228K	$1.5M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3688	+0.332%	$252K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3580	+0.084%	$36.0M	$61.6M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3610	+0.153%	$52.8M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3590	+0.107%	$72.1M	$127.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3629	+0.197%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3729	+0.426%	$253K	$892K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3710	+0.382%	$167K	$815K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3607	+0.146%	$272K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3630	+0.199%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3790	+0.566%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3634	+0.208%	$5K	$50K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3578	+0.078%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3552	+0.019%	$3.6M	$16.2M	25x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.3599	+0.127%	$203K	$40K	3x	as long as short
Binance NEARUSDT	+0.0136%	8h	4.3588	+0.101%	$263.0M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0138%	8h	4.3580	+0.084%	$88.8M	$152.4M	200x	as long as short
BingX NEAR-USDT	+0.0144%	8h	4.3590	+0.107%	—	$83.0M	—	as long as short
Kalshi KXNEARPERP	+0.0163%	8h	4.3682	+0.318%	$909K	$25.1M	2.2x	as long as short
GRVT NEAR_USDT_Perp	+0.0250%	8h	4.3771	+0.523%	$1.4M	$1.6M	10x	as long as short
BloFin NEAR-USDT	+0.0258%	8h	4.3640	+0.222%	$13.2M	$32.2M	75x	as long as short
01 Exchange NEARUSD	+0.0312%	1h	4.3643	+0.229%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0317%	1h	4.3575	+0.072%	$1.7M	$3.2M	10x	as long as short
Hyperliquid NEAR	+0.0334%	1h	4.3636	+0.213%	$352.0M	$317.3M	10x	as long as short
HTX NEAR-USDT	+0.0342%	8h	4.3820	+0.635%	$463K	$3.8M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0344% / S −0.0245%	1h	4.3584	+0.092%	$254K	—	100x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3717	+0.399%	$2.3M	$17.1M	50x	as long as short
Lighter RH NEAR	+0.0552%	1h	4.3630	+0.199%	$1.5M	$6.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0605%	1h	4.3666	+0.281%	$1.1M	$7.2M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.3623	+0.182%	$596K	$1.4M	10x	as long as short
Lighter NEAR	+0.0664%	1h	4.3638	+0.217%	$17.2M	$23.7M	15x	as long as short
Pacifica NEARshort	+0.0701%	1h	4.3595	+0.118%	$411K	$1.4M	10x
Phoenix NEAR	+0.0949%	1h	4.3666	+0.281%	$1.8M	$2.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0964%	1h	4.3701	+0.362%	$1.9M	$13.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1082%	1h	4.3684	+0.323%	$5K	$7K	10x	as long as short