Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: edgeX against Pacifica+0.297%7-day average −0.026% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$460.461% of the position

Long on Pacifica Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 3 days (all we have)−0.194%−$19 · spread now +0.297%, 7d avg −0.026%

Together, before fees−0.225%+ Points / potential airdropPacifica: Active · edgeX: Active · farm board−$23 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: edgeX is 0.323% dearer against Pacifica than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NEAR	4.1431	0.0100	pay 0.0013% / 1h	26m 49s	$366K	$1.2M	10x
Short	edgeX NEARUSDC	4.1554	0.0100	get 0.0050% / 4h	2h 26m	$236K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.297%Rate

Funding earned: $0
Price spread: +0.297% → −0.026%: $32.28
Slippage, 4 orders: −$29.14
Fee Pacifica: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$13.86
Costs to cover: 0.461%
Break-even: never at this rate

Slippage from Pacifica: live order book, 2 min ago; edgeX: 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	2.17 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	7.24 bp	12.8 bp −$13	35.7 bp −$357	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	4.1389	−0.100%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1456	+0.061%	$2.1M	$12.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1397	−0.081%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1419	−0.028%	$413K	$19.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1434	+0.008%	$205K	—	150x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0015%	1h	4.1459	+0.068%	$1.8M	$2.1M	25x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.0730	−1.691%	$569	$239K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1430	−0.002%	$109K	$491K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1417	−0.033%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1434	+0.009%	$2.9M	$5.9M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEARlong	+0.0100%	1h	4.1431	long leg	$366K	$1.2M	10x
Binance NEARUSDT	+0.0100%	8h	4.1433	+0.006%	$235.9M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1410	−0.050%	$210.8M	$428.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1420	−0.026%	$56.6M	$277.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1550	+0.288%	$237K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1435	+0.010%	$29.5M	$58.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1430	−0.002%	$81.3M	$143.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1460	+0.071%	$56.0M	$45.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1429	−0.004%	$69.0M	$127.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1430	−0.002%	—	$136.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1573	+0.344%	$7.7M	$18.4M	—	as long as short
edgeX NEARUSDCshort	+0.0100%	4h	4.1554	+0.297%	$236K	$1.3M	20x
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1538	+0.258%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1610	+0.433%	$183K	$790K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1440	+0.023%	$201K	$3.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1442	+0.027%	$53K	$159K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1480	+0.119%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1420	−0.026%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1430	−0.002%	$3.8M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1423	−0.018%	$3.7M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1431	+0.001%	$201K	$65K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1450	+0.047%	$307K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0150%	1h	4.1443	+0.029%	$7.1M	$36.7M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1390	−0.098%	$12.3M	$33.8M	75x	as long as short
01 Exchange NEARUSD	+0.0224%	1h	4.1447	+0.039%	$12K	$7K	10x	as long as short
Lighter RH NEAR	+0.0336%	1h	4.1479	+0.117%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0343%	1h	4.1416	−0.035%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0373% / S −0.0317%	1h	4.1423	−0.019%	$273K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1453	+0.054%	$413K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1501	+0.170%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0783%	1h	4.1480	+0.119%	$1.4M	$5.7M	20x	as long as short
Lighter NEAR	+0.0824%	1h	4.1504	+0.177%	$15.4M	$22.7M	15x	as long as short
Aftermath Perps NEARUSD	+0.0972%	1h	4.1455	+0.060%	$5K	$11K	10x	as long as short
Hyperliquid NEAR	+0.1034%	1h	4.1493	+0.150%	$348.9M	$301.9M	10x	as long as short
HTX NEAR-USDT	+0.1114%	8h	4.1550	+0.288%	$447K	$3.7M	75x	as long as short