Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.014%

Price spread now: Bybit against Pacifica0.000%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Pacifica Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.093%−$9 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now 0.000%, 7d avg −0.068%

Together, before fees−0.149%+ Points / potential airdropPacifica: Active · farm board−$15 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: Bybit is 0.068% dearer against Pacifica than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NEAR	4.3300	0.0100	pay 0.0013% / 1h	15m 39s	$400K	$1.2M	10x
Short	Bybit NEARUSDT	4.3300	0.0100	get 0.0100% / 8h	7h 15m	$219.8M	$418.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.068%: $6.78
Slippage, 4 orders: −$25.93
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$38.14
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago	4.18 bp	9.8 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.16 bp	8.5 bp −$8	14.3 bp −$143	40.1 bp −$4,011	271.0 bp −$135.5K

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	4.3036	−0.609%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.3093	−0.478%	$7.3M	$37.4M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2992	−0.712%	$2.2M	$13.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3279	−0.049%	$112K	$64K	10x	as long as short
01 Exchange NEARUSD	0.0000%	1h	4.3072	−0.527%	$13K	$7K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3055	−0.566%	$348K	$19.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3061	−0.552%	$204K	—	150x	as long as short
Variational Omni NEAR	+0.0005%	8h	4.3018	−0.651%	$8.2M	$18.9M	—	as long as short
Phemex NEARUSDT	+0.0017%	8h	4.3050	−0.578%	$3.8M	$8.5M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.365%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3030	−0.624%	$115K	$489K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3106	−0.448%	$57K	$186K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.3304	+0.008%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3285	−0.035%	$3.0M	$5.8M	50x	as long as short
Pacifica NEARlong	+0.0100%	1h	4.3300	long leg	$400K	$1.2M	10x
Binance NEARUSDT	+0.0100%	8h	4.3290	−0.024%	$257.7M	$1.07B	75x	as long as short
Bybit NEARUSDTshort	+0.0100%	8h	4.3300	0.000%	$219.8M	$418.0M	75x
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3310	+0.023%	$61.4M	$280.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3340	+0.092%	$199K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3083	−0.501%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3312	+0.027%	$31.2M	$60.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3290	−0.024%	$76.9M	$141.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3320	+0.046%	$56.5M	$43.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3323	+0.053%	$71.9M	$123.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3320	+0.046%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3013	−0.663%	$256K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2988	−0.722%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2990	−0.716%	$180K	$781K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3061	−0.552%	$194K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3140	−0.370%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3095	−0.474%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3150	−0.347%	$453K	$3.7M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3307	+0.016%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3095	−0.474%	$201K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3080	−0.509%	$13.0M	$27.9M	75x	as long as short
Hyperliquid NEAR	+0.0287%	1h	4.3361	+0.140%	$367.9M	$304.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0353%	1h	4.3116	−0.425%	$1.9M	$3.8M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0374% / S −0.0307%	1h	4.3068	−0.537%	$274K	—	100x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3357	+0.131%	$406K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0446%	1h	4.3053	−0.570%	$1.9M	$3.2M	10x	as long as short
Lighter RH NEAR	+0.0456%	1h	4.3355	+0.127%	$1.6M	$7.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0465%	1h	4.3168	−0.305%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3153	−0.340%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1496%	1h	4.3105	−0.452%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1872%	1h	4.3405	+0.242%	$17.4M	$24.6M	15x	as long as short