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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0747%/8h= +81.8% APRpaid last 24h +0.008%
Price spread now: Pacifica against SunX−0.209%7-day average −0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$171as in the Price arb table
costs, in and out, $10k−$1611.615% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.033%+$3 on $10k
Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.209%, 7d avg −0.111%
Together, before fees+0.024%+ Points / potential airdropPacifica: Active · farm board+$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.098% cheaper against SunX than usual: you would sell low and buy high (spread −0.209% now, against its 7-day average of −0.111%). If the spread goes back, that is −$10 on $10k: about 10 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.033% in total) that is about 21 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.033% in total (about 1.7% 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
LongSunX NEAR-USDT4.30900.0100pay 0.0100% / 8h2h 22m$2K$1.3M20x
ShortPacifica NEAR4.30000.0847get 0.0106% / 1h22m 45s$394K$1.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against SunX. 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
$156.81
Price spread: −0.209% → −0.111%
−$9.8
Slippage, 4 orders
−$145.46
Fee SunX: 4 bp × 2 orders
−$8
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$14.45
Costs to cover
1.615%
Break-even
7.6 days
Slippage from SunX: live order book, 11 min ago; Pacifica: live order book, 1 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 SunX live order book, 11 min ago31.33 bp54.9 bp −$55doesn't fitdoesn't fitdoesn't fit
Sell Pacifica live order book, 1 min ago0.12 bp13.8 bp −$14doesn't fitdoesn't fitdoesn't fit

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%1h4.2995−0.220%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.2998−0.214%$106K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.2989−0.235%$161K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.899%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3000−0.209%$113K$498K50xas long as short
Binance NEARUSDT+0.0100%8h4.3086−0.009%$263.7M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3025−0.151%$214.7M$419.9M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3080−0.023%$60.5M$285.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.2997−0.215%$245K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3009−0.188%$32.5M$60.1M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC NEAR_USDT+0.0100%8h4.3070−0.046%$77.1M$144.7M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3060−0.070%$51.8M$45.8M75xas long as short
Bitget NEARUSDT+0.0100%8h4.2997−0.216%$71.1M$127.1M75xas long as short
BingX NEAR-USDT+0.0100%8h4.3030−0.139%$143.4Mas long as short
Variational Omni NEAR+0.0100%8h4.2778−0.724%$8.1M$18.0Mas long as short
edgeX NEARUSDC+0.0100%4h4.2867−0.517%$258K$954K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3020−0.163%$1.4M$1.5M10xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3017−0.169%$263K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3031−0.137%$56K$243K20xas long as short
SunX NEAR-USDTlong+0.0100%8h4.3090long leg$2K$1.3M20x
HTX NEAR-USDT+0.0100%8h4.3150+0.139%$464K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3000−0.209%$3.6M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.2968−0.284%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.3045−0.104%$200K$37K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.3060−0.070%$13.3M$31.6M75xas long as short
ApeX Omni NEARUSDT+0.0226%1h4.2860−0.534%$165K$794K50xas long as short
Coinbase International NEAR-PERP-INTX+0.0256%1h4.3025−0.151%$2.3M$15.9M50xas long as short
Kalshi KXNEARPERP+0.0285%8h4.2965−0.290%$902K$24.5M2.2xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0311% / S −0.0198%1h4.2973−0.271%$232K100xas long as short
Aster NEARUSDT+0.0332%8h4.3040−0.116%$2.8M$5.3M50xas long as short
Nado NEAR-PERP+0.0400%1h4.3004−0.200%$1.7M$3.2M10xas long as short
Extended NEAR-USD+0.0520%1h4.3028−0.144%$3.6M$19.6M25xas long as short
SoDEX NEAR-USD+0.0575%1h4.3015−0.174%$6K$52K10xas long as short
Backpack NEAR_USDC_PERP+0.0668%1h4.3081−0.021%$1.3M$6.6M20xas long as short
Hyperliquid NEAR+0.0670%1h4.3052−0.088%$352.7M$309.2M10xas long as short
Kraken Futures PF_NEARUSD+0.0736%1h4.2992−0.228%$7.4M$38.8M50xas long as short
01 Exchange NEARUSD+0.0744%1h4.3016−0.172%$13K$7K10xas long as short
Arcus NEAR-USD+0.0814%1h4.3000−0.209%$222K$1.6M10xas long as short
Pacifica NEARshort+0.0847%1h4.3000−0.209%$394K$1.3M10x
Lighter NEAR+0.0928%1h4.3087−0.006%$16.8M$25.1M15xas long as short
Phoenix NEAR+0.1033%1h4.3164+0.172%$1.8M$2.5M10xas long as short
Lighter RH NEAR+0.1128%1h4.3116+0.060%$1.4M$7.4M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1146%1h4.3036−0.125%$1.9M$11.1M25xas long as short
RISEx NEAR/USDC+0.1220%1h4.2988−0.237%$686K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1386%1h4.2970−0.278%$5K$12K10xas long as short