Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Pacifica against Binance+0.021%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.021%, 7d avg +0.027%

Together, before fees+0.095%+ Points / potential airdropPacifica: Active · farm board+$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.2882	0.0100	pay 0.0100% / 8h	1h 05m	$249.0M	$1.07B	75x
Short	Pacifica NEAR	4.2891	0.0100	get 0.0013% / 1h	5m 05s	$399K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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 BinancebpFee PacificabpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → +0.027%: −$0.58
Slippage, 4 orders: −$18.31
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$36.89
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Pacifica: live order book, 4 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 Binance live order book, 9 min ago	1.19 bp	6.2 bp −$6	9.4 bp −$94	22.4 bp −$2,238	92.0 bp −$46.0K
Sell Pacifica live order book, 4 min ago	0.12 bp	15.0 bp −$15	doesn't fit	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	4.2903	+0.049%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.2898	+0.038%	$2.2M	$13.2M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−3.432%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2862	−0.045%	$112K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2948	+0.155%	$455K	$18.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2922	+0.094%	$207K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0047%	1h	4.2943	+0.143%	$7.8M	$36.3M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2940	+0.136%	$107K	$490K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2878	−0.009%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2949	+0.156%	$3.0M	$5.6M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEARshort	+0.0100%	1h	4.2891	+0.021%	$399K	$1.2M	10x
Binance NEARUSDTlong	+0.0100%	8h	4.2882	long leg	$249.0M	$1.07B	75x
Bybit NEARUSDT	+0.0100%	8h	4.2850	−0.074%	$220.3M	$420.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2860	−0.051%	$60.4M	$283.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2910	+0.066%	$197K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2317	−1.317%	$241K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2882	+0.001%	$30.3M	$59.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2870	−0.027%	$83.8M	$145.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2910	+0.066%	$56.3M	$43.3M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2867	−0.034%	$71.3M	$125.8M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2860	−0.051%	—	$137.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2849	−0.076%	$8.0M	$17.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2739	−0.333%	$244K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2644	−0.555%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2740	−0.330%	$179K	$790K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2983	+0.236%	$231K	$3.3M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2929	+0.110%	$57K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2990	+0.253%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2909	+0.064%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2860	−0.051%	$3.9M	$8.1M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2889	+0.018%	$4.0M	$14.8M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2915	+0.077%	$207K	$62K	3x	as long as short
01 Exchange NEARUSD	+0.0152%	1h	4.2990	+0.253%	$13K	$7K	10x	as long as short
Lighter RH NEAR	+0.0168%	1h	4.2949	+0.157%	$1.5M	$7.0M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2910	+0.066%	$12.6M	$32.8M	75x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.2972	+0.211%	$414K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0391% / S −0.0335%	1h	4.2929	+0.110%	$293K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0402%	1h	4.2952	+0.164%	$1.9M	$2.3M	25x	as long as short
Nado NEAR-PERP	+0.0469%	1h	4.2914	+0.076%	$1.9M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.2890	+0.019%	$1.8M	$2.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0558%	1h	4.2922	+0.094%	$1.3M	$5.5M	20x	as long as short
Hyperliquid NEAR	+0.0663%	1h	4.2973	+0.213%	$371.3M	$297.3M	10x	as long as short
HTX NEAR-USDT	+0.0927%	8h	4.3080	+0.462%	$462K	$3.6M	75x	as long as short
Lighter NEAR	+0.1000%	1h	4.2994	+0.262%	$16.5M	$23.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1002%	1h	4.2635	−0.576%	$5K	$11K	10x	as long as short