Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0385%/8h= +42.1% APRnext payment +$0.48 per $10,000 · paid last 24h −0.062%
Price spread now: Pacifica against Nado−0.093%50s7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$430.429% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.080%−$8 on $10k
Price spread, last 7 days−0.064%−$6 · spread now −0.093%, 7d avg −0.020%
Together, before fees−0.145%+ Points / potential airdropNado: Active · Pacifica: Active · farm board−$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.072% cheaper against Nado than usual: you would sell low and buy high (spread −0.093% now, against its 7-day average of −0.020%). If the spread goes back, that is −$7 on $10k: about 15 hours of funding at the current rate (+$12 a day). Mind the row above: over the last 4 days funding on this pair cost −0.080%, so the current rate has only just turned in your favour. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.080% in total (about -8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.48 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado NEAR-PERP4.35750.0317pay 0.0040% / 1h55m 39s$1.7M$3.2M10x
ShortPacifica NEAR4.35350.0701get 0.0088% / 1h55m 39s$410K$1.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Nado. 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

Funding earned
$80.75
Price spread: −0.093% → −0.020%
−$7.24
Slippage, 4 orders
−$27.85
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$30.66
Costs to cover
0.429%
Break-even
4.3 days
Slippage from Nado: 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
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 3 min ago1.95 bp8.6 bp −$919.7 bp −$197doesn't fitdoesn't fit
Sell Pacifica live order book, 3 min ago1.94 bp13.5 bp −$14doesn't fitdoesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NEARUSD−0.0433%1h4.3576+0.003%$7.2M$38.7M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.3560−0.034%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3543−0.072%$107K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3589+0.032%$163K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.968%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3550−0.057%$115K$500K50xas long as short
Aster NEARUSDT+0.0100%8h4.3546−0.067%$2.7M$4.8M50xas long as short
Bybit NEARUSDT+0.0100%8h4.3549−0.060%$219.7M$429.4M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3560−0.034%$61.4M$295.8M50xas long as short
Arcus NEAR-USD+0.0100%1h4.3570−0.011%$228K$1.5M10xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk NEAR-USD+0.0100%1h4.3688+0.259%$252K$3K10xas long as short
Gate NEAR_USDT+0.0100%8h4.3531−0.101%$36.0M$61.6M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3540−0.080%$52.7M$45.9M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3521−0.124%$71.9M$127.6M75xas long as short
Variational Omni NEAR+0.0100%8h4.3578+0.006%$8.9M$18.5Mas long as short
edgeX NEARUSDC+0.0100%4h4.3729+0.353%$253K$892K20xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3710+0.310%$167K$815K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3607+0.073%$272K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3630+0.126%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3650+0.172%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3585+0.023%$5K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3570−0.011%$3.5M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3535−0.093%$31K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3512−0.144%$3.6M$16.2M25xas long as short
Aevo NEAR-PERP+0.0112%1h4.3599+0.054%$203K$40K3xas long as short
Binance NEARUSDT+0.0133%8h4.3535−0.093%$262.7M$1.09B75xas long as short
MEXC NEAR_USDT+0.0136%8h4.3540−0.080%$90.0M$152.7M200xas long as short
BingX NEAR-USDT+0.0144%8h4.3540−0.080%$83.0Mas long as short
Kalshi KXNEARPERP+0.0161%8h4.3603+0.064%$911K$25.1M2.2xas long as short
GRVT NEAR_USDT_Perp+0.0250%8h4.3771+0.450%$1.4M$1.6M10xas long as short
BloFin NEAR-USDT+0.0258%8h4.3640+0.149%$13.2M$32.2M75xas long as short
Hyperliquid NEAR+0.0296%1h4.3572−0.007%$351.4M$317.3M10xas long as short
01 Exchange NEARUSD+0.0312%1h4.3583+0.018%$13K$7K10xas long as short
Nado NEAR-PERPlong+0.0317%1h4.3575long leg$1.7M$3.2M10x
GMX NEAR/USD [ETH-USDC]L +0.0344% / S −0.0245%1h4.3584+0.020%$254K100xas long as short
HTX NEAR-USDT+0.0355%8h4.3690+0.264%$462K$3.8M75xas long as short
Lighter RH NEAR+0.0376%1h4.3592+0.039%$1.5M$6.4M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3594+0.044%$2.3M$17.0M50xas long as short
Backpack NEAR_USDC_PERP+0.0555%1h4.3574−0.002%$1.1M$7.2M20xas long as short
RISEx NEAR/USDC+0.0656%1h4.3560−0.035%$592K$1.5M10xas long as short
Lighter NEAR+0.0664%1h4.3601+0.059%$17.2M$23.8M15xas long as short
Pacifica NEARshort+0.0701%1h4.3535−0.093%$410K$1.4M10x
Deribit NEAR_USDC-PERPETUAL+0.0759%1h4.3632+0.131%$1.9M$13.1M25xas long as short
Phoenix NEAR+0.0949%1h4.3666+0.209%$1.8M$2.4M10xas long as short
Aftermath Perps NEARUSD+0.1091%1h4.3641+0.152%$5K$7K10xas long as short