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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0847%/8h= −92.8% APRpaid last 24h −0.031%
Price spread now: Paradex against Pacifica−0.088%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · Paradex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Paradex is 0.088% cheaper against Pacifica than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica NEAR4.31990.0949pay 0.0119% / 1h39m 35s$407K$1.5M10x
ShortParadex NEAR-USD-PERP4.31610.0102get 0.0102% / 8h39m 35s$31K$58510x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
−$177.95
Price spread: −0.088% → 0.000%
−$8.85
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$198.8
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 4 min ago; Paradex: 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
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 4 min ago3.24 bp11.9 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Paradex no order-book sample
Paradex: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.3187−0.029%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3178−0.050%$106K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3209+0.022%$162K150xas long as short
Kraken Futures PF_NEARUSD+0.0017%1h4.3185−0.033%$7.1M$38.3M50xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.142%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3140−0.137%$110K$496K50xas long as short
Bybit NEARUSDT+0.0100%8h4.3131−0.158%$217.7M$430.2M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3160−0.091%$60.8M$291.0M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3160−0.091%$246K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3145−0.126%$35.1M$62.3M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NEARUSDTM+0.0100%8h4.3190−0.021%$52.3M$45.9M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3154−0.105%$71.5M$128.1M75xas long as short
Variational Omni NEAR+0.0100%8h4.3337+0.318%$8.6M$18.7Mas long as short
edgeX NEARUSDC+0.0100%4h4.3338+0.321%$251K$898K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3340+0.326%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3330+0.303%$165K$815K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3244+0.104%$283K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3214+0.034%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3290+0.210%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3210+0.025%$5K$53K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3210+0.025%$3.5M$8.2M50xas long as short
Paradex NEAR-USD-PERPshort+0.0102%8h4.3161−0.088%$31K$58510x
Extended NEAR-USD+0.0104%1h4.3135−0.149%$3.6M$17.3M25xas long as short
HTX NEAR-USDT+0.0116%8h4.3350+0.349%$464K$3.8M75xas long as short
Aevo NEAR-PERP+0.0128%1h4.3208+0.020%$201K$38K3xas long as short
Kalshi KXNEARPERP+0.0192%8h4.3248+0.113%$939K$25.2M2.2xas long as short
Binance NEARUSDT+0.0199%8h4.3140−0.137%$261.9M$1.09B75xas long as short
MEXC NEAR_USDT+0.0202%8h4.3180−0.045%$83.2M$150.4M200xas long as short
BingX NEAR-USDC+0.0205%8h4.3150−0.114%$6.7Mas long as short
Aster NEARUSDT+0.0205%8h4.3157−0.099%$2.7M$4.8M50xas long as short
Hyperliquid NEAR+0.0281%1h4.3224+0.057%$348.9M$315.0M10xas long as short
01 Exchange NEARUSD+0.0288%1h4.3150−0.114%$13K$7K10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0315% / S −0.0203%1h4.3206+0.016%$232K100xas long as short
BloFin NEAR-USDT+0.0324%8h4.3370+0.395%$13.3M$32.0M75xas long as short
Backpack NEAR_USDC_PERP+0.0410%1h4.3227+0.064%$1.2M$7.0M20xas long as short
Nado NEAR-PERP+0.0455%1h4.3213+0.033%$1.7M$3.2M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3266+0.154%$2.3M$16.8M50xas long as short
Lighter RH NEAR+0.0544%1h4.3244+0.104%$1.5M$6.6M10xas long as short
Arcus NEAR-USD+0.0638%1h4.3160−0.091%$225K$1.6M10xas long as short
Lighter NEAR+0.0760%1h4.3247+0.111%$17.1M$25.0M15xas long as short
Pacifica NEARlong+0.0949%1h4.3199long leg$407K$1.5M10x
Phoenix NEAR+0.0949%1h4.3384+0.428%$1.8M$2.4M10xas long as short
RISEx NEAR/USDC+0.0965%1h4.3165−0.080%$612K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1265%1h4.3307+0.250%$5K$7K10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1347%1h4.3283+0.194%$1.9M$13.2M25xas long as short