Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.006%

Price spread now: Orderly against Pacifica−0.033%7-day average −0.031% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 3 days (all we have)−0.030%−$3 · spread now −0.033%, 7d avg −0.031%

Together, before fees−0.112%+ Points / potential airdropPacifica: Active · farm board−$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NEAR	4.3431	0.0100	pay 0.0013% / 1h	12m 52s	$401K	$1.2M	10x
Short	Orderly PERP_NEAR_USDC	4.3417	0.0098	get 0.0098% / 8h	7h 12m	$58K	$176K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.033%Rate

Funding earned: −$0.37
Price spread: −0.033% → −0.031%: −$0.13
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$14.49
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 1 min ago; Orderly: no order-book sample. Net counts fees only.

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, 1 min ago	0.12 bp	7.3 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Phemex NEARUSDT	−0.0297%	8h	4.3420	−0.026%	$3.9M	$8.4M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3405	−0.059%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0129%	1h	4.3465	+0.079%	$7.5M	$37.5M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3413	−0.042%	$2.3M	$13.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3426	−0.013%	$113K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3438	+0.016%	$353K	$19.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3404	−0.062%	$206K	—	150x	as long as short
Variational Omni NEAR	+0.0005%	8h	4.3018	−0.951%	$8.2M	$18.9M	—	as long as short
01 Exchange NEARUSD	+0.0008%	1h	4.3403	−0.065%	$13K	$7K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.654%	$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	4.3440	+0.020%	$116K	$479K	50x	as long as short
Orderly PERP_NEAR_USDCshort	+0.0098%	8h	4.3417	−0.033%	$58K	$176K	20x
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3402	−0.068%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3470	+0.089%	$3.0M	$5.8M	50x	as long as short
Pacifica NEARlong	+0.0100%	1h	4.3431	long leg	$401K	$1.2M	10x
Binance NEARUSDT	+0.0100%	8h	4.3510	+0.181%	$259.7M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3485	+0.124%	$220.4M	$415.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3450	+0.043%	$61.4M	$281.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3420	−0.026%	$206K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3083	−0.801%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3487	+0.128%	$31.3M	$60.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3480	+0.112%	$76.3M	$141.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3540	+0.251%	$56.5M	$42.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3455	+0.055%	$72.5M	$122.9M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3490	+0.135%	—	$141.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3290	−0.325%	$258K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3295	−0.313%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3330	−0.233%	$181K	$780K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3446	+0.034%	$193K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3490	+0.135%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3429	−0.005%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3520	+0.204%	$459K	$3.7M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3481	+0.115%	$3.9M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3405	−0.060%	$202K	$31K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3400	−0.072%	$13.0M	$27.8M	75x	as long as short
Hyperliquid NEAR	+0.0353%	1h	4.3563	+0.303%	$370.8M	$306.0M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0307%	1h	4.3411	−0.047%	$277K	—	100x	as long as short
Nado NEAR-PERP	+0.0421%	1h	4.3425	−0.014%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3438	+0.015%	$404K	$1.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0441%	1h	4.3444	+0.029%	$1.9M	$3.8M	25x	as long as short
Lighter RH NEAR	+0.0456%	1h	4.3519	+0.202%	$1.6M	$7.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0481%	1h	4.3500	+0.158%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3638	+0.476%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1502%	1h	4.3260	−0.394%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1816%	1h	4.3568	+0.314%	$17.4M	$24.7M	15x	as long as short