Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h 0.000%

Price spread now: Aster against Pacifica−0.027%48s7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.475% of the position

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.027%, 7d avg +0.022%

Together, before fees+0.025%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.049% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.022%). If the spread goes back, that is −$5 on $10k: about 47 hours of funding at the current rate (+$3 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NEAR	4.3792	0.0100	pay 0.0013% / 1h	6m 57s	$411K	$1.2M	10x
Short	Aster NEARUSDT	4.3780	0.0184	get 0.0184% / 8h	6h 06m	$3.0M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now −0.027%Rate

Funding earned: $17.62
Price spread: −0.027% → +0.022%: −$4.89
Slippage, 4 orders: −$31.55
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$34.82
Costs to cover: 0.475%
Break-even: 20.8 days

Slippage from Pacifica: live order book, 2 min ago; Aster: live order book, 2 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 Pacifica live order book, 2 min ago	1.93 bp	8.6 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	5.69 bp	12.4 bp −$12	21.5 bp −$215	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	4.3749	−0.099%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3759	−0.075%	$2.2M	$14.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3753	−0.088%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3787	−0.011%	$569K	$19.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3741	−0.116%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.439%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0093%	8h	4.3887	+0.218%	$8.4M	$18.5M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3800	+0.019%	$114K	$487K	50x	as long as short
Pacifica NEARlong	+0.0100%	1h	4.3792	long leg	$411K	$1.2M	10x
Binance NEARUSDT	+0.0100%	8h	4.3718	−0.168%	$264.9M	$1.08B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.3672	−0.274%	$220.5M	$417.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3680	−0.255%	$62.1M	$289.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3860	+0.156%	$209K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3850	+0.133%	$250K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3691	−0.230%	$31.5M	$63.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3670	−0.278%	$75.8M	$144.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3700	−0.210%	$54.0M	$43.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3664	−0.292%	$71.7M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3690	−0.232%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3791	−0.003%	$270K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3782	−0.023%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3780	−0.027%	$199K	$774K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3794	+0.005%	$207K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3738	−0.123%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3820	+0.064%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3737	−0.125%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3900	+0.247%	$459K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3760	−0.073%	$3.9M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3757	−0.080%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3660	−0.301%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3763	−0.066%	$204K	$34K	3x	as long as short
Aster NEARUSDTshort	+0.0184%	8h	4.3780	−0.027%	$3.0M	$5.8M	50x
Kraken Futures PF_NEARUSD	+0.0216%	1h	4.3739	−0.120%	$7.7M	$40.7M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0242%	1h	4.3737	−0.124%	$256K	—	100x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3850	+0.133%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0411%	1h	4.3787	−0.010%	$1.9M	$3.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0413%	1h	4.3762	−0.068%	$1.9M	$4.2M	25x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3851	+0.135%	$549K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4039	+0.564%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0784%	1h	4.3816	+0.055%	$1.6M	$7.1M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0856%	1h	4.3767	−0.057%	$1.5M	$6.3M	20x	as long as short
Hyperliquid NEAR	+0.0875%	1h	4.3799	+0.016%	$368.8M	$305.5M	10x	as long as short
Aftermath Perps NEARUSD	+0.1659%	1h	4.3854	+0.143%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1720%	1h	4.3846	+0.123%	$17.5M	$25.8M	15x	as long as short