Funding you earn now, next payment 23:00 UTC+0.0409%/8h= +44.8% APRnext payment +$0.51 per $10,000 · paid last 24h +0.206%
Price spread now: Backpack against Pacifica−0.112%7-day average +0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$400.398% of the position
Funding, last 7 days+0.321%+$32 on $10k
+Price spread, last 4 days (all we have)+0.462%+$46 · spread now −0.112%, 7d avg +0.049%
=Together, before fees+0.783%+ Points / potential airdropPacifica: Active · farm board+$78 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.162% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.112% now, against its 7-day average of +0.049%). If the spread goes back, that is −$16 on $10k: about 32 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.321% in total) that is about 3.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica NEAR | 4.2176 | 0.0100 | pay 0.0013% / 1h | 17m 02s | $364K | $1.2M | 10x |
| Short | Backpack NEAR_USDC_PERP | 4.2129 | 0.0509 | get 0.0064% / 1h | 17m 02s | $1.2M | $5.6M | 20x |
Pacifica NEAR
Backpack NEAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Pacifica. 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
- $85.97
- Price spread: −0.112% → +0.049%
- −$16.16
- Slippage, 4 orders
- −$21.82
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $29.99
- Costs to cover
- 0.398%
- Break-even
- 4.6 days
Slippage from Pacifica: live order book, 2 min ago; Backpack: 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 | 2.13 bp | 8.6 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 2 min ago | 1.78 bp | 7.3 bp −$7 | 15.1 bp −$151 | 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 | 4.2092 | −0.199% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0032% | 1h | 4.2128 | −0.115% | $2.2M | $12.8M | 50x | as long as short |
| Injective NEAR/USDC PERP | −0.0002% | 1h | 4.1410 | −1.817% | $578 | $302K | 12x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2143 | −0.079% | $109K | $58K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.2099 | −0.183% | $431K | $18.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2112 | −0.152% | $209K | — | 150x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0035% | 1h | 4.2105 | −0.169% | $1.9M | $2.2M | 25x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0048% | 1h | 4.2102 | −0.176% | $7.7M | $36.6M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2140 | −0.086% | $108K | $487K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2141 | −0.083% | $30K | $647 | 10x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
Injective NEAR/USDC PERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Deribit NEAR_USDC-PERPETUAL
Kraken Futures PF_NEARUSD
Popdex NEARUSDT
Paradex NEAR-USD-PERPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster NEARUSDT | +0.0100% | 8h | 4.2160 | −0.040% | $3.0M | $5.7M | 50x | as long as short |
| Pacifica NEARlong | +0.0100% | 1h | 4.2176 | long leg | $364K | $1.2M | 10x | |
| Binance NEARUSDT | +0.0100% | 8h | 4.2090 | −0.205% | $242.0M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.2064 | −0.266% | $215.0M | $421.2M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2060 | −0.276% | $58.4M | $277.6M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2160 | −0.039% | $226K | $1.7M | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2097 | −0.188% | $30.3M | $57.9M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2100 | −0.181% | $83.3M | $143.0M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2100 | −0.181% | $55.3M | $43.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2081 | −0.226% | $69.7M | $124.8M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.2090 | −0.205% | — | $137.1M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1950 | −0.537% | $7.8M | $18.3M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1992 | −0.437% | $240K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2092 | −0.199% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.2020 | −0.371% | $176K | $793K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2158 | −0.044% | $204K | $3.2M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2091 | −0.202% | $56K | $194K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2150 | −0.062% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2079 | −0.231% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2100 | −0.181% | $3.9M | $8.2M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2042 | −0.319% | $240K | $2K | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2069 | −0.256% | $3.9M | $14.7M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2070 | −0.252% | $203K | $62K | 3x | as long as short |
| Lighter RH NEAR | +0.0120% | 1h | 4.2140 | −0.086% | $1.5M | $7.0M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0120% | 1h | 4.2183 | +0.016% | $12K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2120 | −0.134% | $12.4M | $31.8M | 75x | as long as short |
| RISEx NEAR/USDC | +0.0364% | 1h | 4.2169 | −0.017% | $411K | $1.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0382% / S −0.0327% | 1h | 4.2111 | −0.156% | $283K | — | 100x | as long as short |
| Hyperliquid NEAR | +0.0428% | 1h | 4.2164 | −0.029% | $357.7M | $294.0M | 10x | as long as short |
| Nado NEAR-PERP | +0.0503% | 1h | 4.2116 | −0.144% | $1.9M | $3.5M | 10x | as long as short |
| Backpack NEAR_USDC_PERPshort | +0.0509% | 1h | 4.2129 | −0.112% | $1.2M | $5.6M | 20x | |
| Phoenix NEAR | +0.0542% | 1h | 4.2035 | −0.335% | $1.7M | $2.7M | 10x | as long as short |
| Lighter NEAR | +0.0832% | 1h | 4.2204 | +0.065% | $16.3M | $23.6M | 15x | as long as short |
| HTX NEAR-USDT | +0.0947% | 8h | 4.2240 | +0.151% | $454K | $3.5M | 75x | as long as short |
| Aftermath Perps NEARUSD | +0.0979% | 1h | 4.2046 | −0.309% | $5K | $11K | 10x | as long as short |
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Bulk NEAR-USD
Extended NEAR-USD
Aevo NEAR-PERP
Lighter RH NEAR
01 Exchange NEARUSD
BloFin NEAR-USDT
RISEx NEAR/USDC
GMX NEAR/USD [ETH-USDC]
Hyperliquid NEAR
Nado NEAR-PERP
Phoenix NEAR
Lighter NEAR
HTX NEAR-USDT
Aftermath Perps NEARUSD