Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Pacifica against Gate+0.006%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$580.577% of the position

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 7 days−0.072%−$7 · spread now +0.006%, 7d avg +0.027%

Together, before fees−0.009%+ Points / potential airdropPacifica: Active · farm board−$1 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 0.021% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.4152	0.0100	pay 0.0100% / 8h	5h 42m	$31.8M	$62.0M	75x
Short	Pacifica NEAR	4.4155	0.0100	get 0.0013% / 1h	42m 39s	$417K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Gate. 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 GatebpFee PacificabpOrdersPrice spread, now +0.006%Rate

Funding earned: $0
Price spread: +0.006% → +0.027%: −$2.09
Slippage, 4 orders: −$34.67
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$59.76
Costs to cover: 0.577%
Break-even: never at this rate

Slippage from Gate: 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 Gate live order book, 1 min ago	2.05 bp	14.1 bp −$14	18.4 bp −$184	32.1 bp −$3,206	47.4 bp −$23.7K
Sell Pacifica live order book, 1 min ago	3.52 bp	16.9 bp −$17	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	4.4031	−0.273%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4030	−0.276%	$2.2M	$14.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4132	−0.046%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4007	−0.328%	$553K	$19.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4049	−0.234%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.210%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4000	−0.344%	$116K	$484K	50x	as long as short
Pacifica NEARshort	+0.0100%	1h	4.4155	+0.006%	$417K	$1.2M	10x
Binance NEARUSDT	+0.0100%	8h	4.4170	+0.041%	$268.8M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4157	+0.011%	$223.1M	$416.7M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4140	−0.027%	$62.9M	$291.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3650	−1.137%	$249K	−$0	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.4152	long leg	$31.8M	$62.0M	75x
MEXC NEAR_USDT	+0.0100%	8h	4.4180	+0.063%	$76.4M	$140.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4140	−0.027%	$55.4M	$44.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4152	0.000%	$72.6M	$126.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4150	−0.005%	—	$144.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3557	−1.347%	$8.4M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3587	−1.280%	$261K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3605	−1.239%	$1.4M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4064	−0.199%	$206K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4089	−0.143%	$62K	$192K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4060	−0.208%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4111	−0.093%	$5K	$50K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4180	+0.063%	$461K	$3.8M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4100	−0.118%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4139	−0.029%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4142	−0.022%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4100	−0.118%	$205K	$34K	3x	as long as short
ApeX Omni NEARUSDT	+0.0134%	1h	4.3630	−1.182%	$198K	$779K	50x	as long as short
Aster NEARUSDT	+0.0210%	8h	4.4190	+0.086%	$3.0M	$5.5M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4180	+0.063%	$13.9M	$30.9M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0350% / S −0.0245%	1h	4.4043	−0.246%	$258K	—	100x	as long as short
Nado NEAR-PERP	+0.0368%	1h	4.4035	−0.265%	$1.9M	$3.0M	10x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.4192	+0.091%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4200	+0.109%	$210K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0666%	1h	4.4206	+0.122%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0698%	1h	4.4163	+0.024%	$8.2M	$41.0M	50x	as long as short
Hyperliquid NEAR	+0.0788%	1h	4.4180	+0.063%	$371.9M	$305.2M	10x	as long as short
Lighter RH NEAR	+0.0800%	1h	4.4184	+0.072%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.3792	−0.815%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4177	+0.057%	$558K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1180%	1h	4.4134	−0.041%	$1.9M	$4.3M	25x	as long as short
Lighter NEAR	+0.1432%	1h	4.4217	+0.147%	$17.7M	$25.7M	15x	as long as short
Aftermath Perps NEARUSD	+0.1742%	1h	4.3763	−0.881%	$6K	$12K	10x	as long as short