Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.030%

Price spread now: BloFin against Pacifica−0.023%94s7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as 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−$530.530% of the position

Long on Pacifica Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.023%, 7d avg −0.027%

Together, before fees+0.183%+ Points / potential airdropPacifica: Active · farm board+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 94 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	4.2680	0.0100	pay 0.0013% / 1h	59m 16s	$400K	$1.2M	10x
Short	BloFin NEAR-USDT	4.2670	0.0220	get 0.0220% / 8h	7h 59m	$12.9M	$29.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.023%Rate

Funding earned: $25.2
Price spread: −0.023% → −0.027%: $0.4
Slippage, 4 orders: −$33.01
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$27.41
Costs to cover: 0.530%
Break-even: 14.6 days

Slippage from Pacifica: live order book, 5 min ago; BloFin: live order book, 10 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, 5 min ago	4.78 bp	12.5 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 10 min ago	3.51 bp	13.2 bp −$13	15.2 bp −$152	42.5 bp −$4,251	123.7 bp −$61.8K

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	4.2630	−0.116%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0132%	1h	4.2650	−0.069%	$7.5M	$37.4M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2670	−0.023%	$2.2M	$13.1M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2711	+0.071%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2646	−0.080%	$380K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2643	−0.087%	$202K	—	150x	as long as short
Variational Omni NEAR	+0.0024%	8h	4.2669	−0.025%	$7.8M	$18.5M	—	as long as short
01 Exchange NEARUSD	+0.0032%	1h	4.2647	−0.077%	$13K	$7K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−2.976%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2690	+0.023%	$110K	$495K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.2650	−0.070%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2672	−0.019%	$31K	$647	10x	as long as short
Hyperliquid NEAR	+0.0100%	1h	4.2690	+0.023%	$363.7M	$301.4M	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2709	+0.068%	$3.0M	$5.7M	50x	as long as short
Pacifica NEARlong	+0.0100%	1h	4.2680	long leg	$400K	$1.2M	10x
Binance NEARUSDT	+0.0100%	8h	4.2640	−0.094%	$252.7M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2614	−0.155%	$216.8M	$421.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2620	−0.141%	$60.6M	$285.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2640	−0.094%	$195K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2757	+0.181%	$244K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2625	−0.129%	$30.8M	$58.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2640	−0.094%	$79.3M	$137.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2700	+0.047%	$55.7M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2618	−0.145%	$70.7M	$126.0M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2610	−0.164%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2687	+0.017%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2676	−0.010%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2710	+0.070%	$178K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2701	+0.049%	$194K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2680	0.000%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2630	−0.117%	$4K	$54K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2670	−0.023%	$3.8M	$8.5M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2605	−0.176%	$3.9M	$16.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2743	+0.147%	$202K	$23K	3x	as long as short
BloFin NEAR-USDTshort	+0.0220%	8h	4.2670	−0.023%	$12.9M	$29.2M	75x
Lighter RH NEAR	+0.0336%	1h	4.2699	+0.045%	$1.6M	$6.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0360%	1h	4.2679	−0.002%	$1.9M	$2.8M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0316%	1h	4.2637	−0.100%	$275K	—	100x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2663	−0.040%	$418K	$1.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0442%	1h	4.2709	+0.068%	$1.4M	$5.6M	20x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2828	+0.347%	$1.8M	$2.6M	10x	as long as short
HTX NEAR-USDT	+0.0732%	8h	4.2770	+0.211%	$456K	$3.7M	75x	as long as short
Aftermath Perps NEARUSD	+0.1185%	1h	4.2754	+0.174%	$5K	$12K	10x	as long as short
Nado NEAR-PERP	+0.1190%	1h	4.2654	−0.062%	$1.9M	$3.4M	10x	as long as short
Lighter NEAR	+0.1792%	1h	4.2767	+0.203%	$16.9M	$23.4M	15x	as long as short