Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0575%/8h= −63.0% APRpaid last 24h −0.037%
Price spread now: MEXC against Pacifica−0.125%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$440.439% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.094%−$9 on $10k
Price spread, last 7 days+0.146%+$15 · spread now −0.125%, 7d avg −0.019%
Together, before fees+0.052%+ Points / potential airdropPacifica: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and MEXC is 0.106% cheaper against Pacifica than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.019%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.094% in total (about -4.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica NEAR4.35740.0701pay 0.0088% / 1h49m 59s$411K$1.4M10x
ShortMEXC NEAR_USDT4.35200.0126get 0.0126% / 8h7h 49m$90.0M$153.1M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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

Funding earned
−$120.84
Price spread: −0.125% → −0.019%
−$10.61
Slippage, 4 orders
−$35.87
Fee Pacifica: 4 bp × 2 orders
−$8
Fee MEXC: 0 bp × 2 orders
$0
Net
−$175.32
Costs to cover
0.439%
Break-even
never at this rate
Slippage from Pacifica: live order book, 4 min ago; MEXC: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 4 min ago3.89 bp14.3 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 4 min ago1.15 bp3.2 bp −$310.4 bp −$10421.4 bp −$2,13969.8 bp −$34.9K

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NEARUSD−0.0434%1h4.3517−0.133%$7.2M$38.6M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.3505−0.159%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3573−0.004%$107K$67K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3694+0.275%$164K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.967%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3580+0.013%$118K$503K50xas long as short
Hyperliquid NEAR+0.0100%1h4.3541−0.077%$350.8M$316.7M10xas long as short
Aster NEARUSDT+0.0100%8h4.3538−0.085%$2.7M$4.8M50xas long as short
Bybit NEARUSDT+0.0100%8h4.3521−0.123%$219.6M$428.9M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3530−0.102%$61.4M$295.6M50xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus NEAR-USD+0.0100%1h4.3600+0.059%$228K$1.5M10xas long as short
Bulk NEAR-USD+0.0100%1h4.3688+0.260%$252K$3K10xas long as short
Gate NEAR_USDT+0.0100%8h4.3510−0.148%$36.1M$61.7M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3520−0.125%$52.7M$45.9M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3517−0.132%$71.9M$127.6M75xas long as short
Variational Omni NEAR+0.0100%8h4.3688+0.260%$9.0M$18.3Mas long as short
edgeX NEARUSDC+0.0100%4h4.3651+0.176%$253K$894K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3670+0.220%$1.4M$1.6M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3660+0.196%$166K$816K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3556−0.042%$272K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3536−0.088%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3640+0.151%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3520−0.125%$5K$50K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3520−0.125%$3.5M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3560−0.034%$31K$58510xas long as short
Extended NEAR-USD+0.0104%1h4.3514−0.139%$3.6M$16.0M25xas long as short
Aevo NEAR-PERP+0.0112%1h4.3525−0.113%$202K$40K3xas long as short
MEXC NEAR_USDTshort+0.0126%8h4.3520−0.125%$90.0M$153.1M200x
Binance NEARUSDT+0.0126%8h4.3539−0.081%$262.7M$1.09B75xas long as short
BingX NEAR-USDC+0.0144%8h4.3520−0.125%$6.7Mas long as short
Kalshi KXNEARPERP+0.0155%8h4.3577+0.006%$922K$25.1M2.2xas long as short
BloFin NEAR-USDT+0.0246%8h4.3710+0.311%$12.5M$32.2M75xas long as short
01 Exchange NEARUSD+0.0264%1h4.3606+0.073%$13K$7K10xas long as short
Nado NEAR-PERP+0.0332%1h4.3521−0.121%$1.6M$3.2M10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0346% / S −0.0248%1h4.3520−0.126%$254K100xas long as short
HTX NEAR-USDT+0.0382%8h4.3640+0.151%$461K$3.8M75xas long as short
Lighter RH NEAR+0.0392%1h4.3586+0.027%$1.5M$6.4M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3690+0.265%$2.3M$17.0M50xas long as short
Backpack NEAR_USDC_PERP+0.0541%1h4.3544−0.070%$1.1M$7.2M20xas long as short
Lighter NEAR+0.0544%1h4.3589+0.034%$17.2M$23.8M15xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0554%1h4.3556−0.042%$1.9M$13.1M25xas long as short
RISEx NEAR/USDC+0.0656%1h4.3588+0.031%$591K$1.5M10xas long as short
Pacifica NEARlong+0.0701%1h4.3574long leg$411K$1.4M10x
Phoenix NEAR+0.0740%1h4.3750+0.403%$1.8M$2.4M10xas long as short
Aftermath Perps NEARUSD+0.1113%1h4.3636+0.141%$5K$7K10xas long as short