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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0751%/8h= +82.3% APRpaid last 24h +0.049%
Price spread now: Pacifica against Bitget+0.145%52s7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$470.469% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.126%+$13 on $10k
Price spread, last 7 days−0.114%−$11 · spread now +0.145%, 7d avg +0.051%
Together, before fees+0.012%+ Points / potential airdropPacifica: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Pacifica is 0.094% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.051%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.126% in total (about 6.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget NEARUSDT4.48900.0100pay 0.0100% / 8h5h 56m$74.4M$127.7M75x
ShortPacifica NEAR4.49550.0851get 0.0106% / 1h56m 48s$423K$1.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Bitget. 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
$157.77
Price spread: +0.145% → +0.051%
$9.41
Slippage, 4 orders
−$26.94
Fee Bitget: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$120.24
Costs to cover
0.469%
Break-even
1.7 days
Slippage from Bitget: live order book, 5 min ago; Pacifica: live order book, 5 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 Bitget live order book, 5 min ago0.11 bp10.2 bp −$1014.9 bp −$14929.0 bp −$2,900doesn't fit
Sell Pacifica live order book, 5 min ago2.33 bp14.6 bp −$15doesn't fitdoesn't fitdoesn't fit

NEAR on 45 exchanges

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−0.0235%1h4.4928+0.084%$7.4M$37.1M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.4929+0.087%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4956+0.146%$110K$53K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.4918+0.062%$789K$26.2M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4937+0.105%$168K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.752%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4970+0.178%$124K$508K50xas long as short
Aster NEARUSDT+0.0100%8h4.4900+0.023%$2.6M$4.7M50xas long as short
Binance NEARUSDT+0.0100%8h4.4910+0.045%$272.9M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4931+0.091%$232.3M$428.6M75xas long as short
Show all 45 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.4900+0.022%$64.2M$299.3M50xas long as short
Bulk NEAR-USD+0.0100%1h4.5100+0.468%$269K$12K10xas long as short
Gate NEAR_USDT+0.0100%8h4.4894+0.009%$39.9M$61.4M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.48900.000%$77.2M$166.5M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4960+0.156%$53.4M$44.3M75xas long as short
Bitget NEARUSDTlong+0.0100%8h4.4890long leg$74.4M$127.7M75x
BingX NEAR-USDC+0.0100%8h4.48900.000%$6.7Mas long as short
Variational Omni NEAR+0.0100%8h4.5024+0.299%$8.9M$17.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.5026+0.302%$266K$871K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.5100+0.468%$1.5M$1.7M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.5130+0.535%$168K$825K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4979+0.198%$281K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4978+0.196%$58K$269K20xas long as short
SunX NEAR-USDT+0.0100%8h4.5030+0.312%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4955+0.145%$5K$40K10xas long as short
HTX NEAR-USDT+0.0100%8h4.4980+0.200%$466K$3.8M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4970+0.178%$3.4M$7.9M50xas long as short
Paradex NEAR-USD-PERP+0.0102%8h4.4949+0.131%$32K$5110xas long as short
Extended NEAR-USD+0.0104%1h4.4920+0.067%$3.8M$15.0M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.4937+0.104%$209K$38K3xas long as short
BloFin NEAR-USDT+0.0220%8h4.4990+0.223%$12.9M$32.7M75xas long as short
Nado NEAR-PERP+0.0246%1h4.4940+0.111%$1.7M$3.1M10xas long as short
01 Exchange NEARUSD+0.0288%1h4.4989+0.221%$13K$5K10xas long as short
Lighter NEAR+0.0320%1h4.4995+0.235%$17.6M$23.2M15xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0341% / S −0.0226%1h4.4947+0.127%$263K100xas long as short
Arcus NEAR-USD+0.0343%1h4.5000+0.245%$227K$1.4M10xas long as short
Hyperliquid NEAR+0.0382%1h4.4967+0.172%$362.6M$318.6M10xas long as short
Lighter RH NEAR+0.0424%1h4.5004+0.254%$1.6M$5.7M10xas long as short
RISEx NEAR/USDC+0.0489%1h4.5049+0.354%$639K$1.6M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0504%1h4.5035+0.323%$2.3M$17.7M50xas long as short
Backpack NEAR_USDC_PERP+0.0621%1h4.4973+0.185%$1.1M$7.0M20xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0751%1h4.4978+0.196%$1.9M$13.0M25xas long as short
Phoenix NEAR+0.0851%1h4.5045+0.345%$1.7M$2.7M10xas long as short
Pacifica NEARshort+0.0851%1h4.4955+0.145%$423K$1.4M10x
Aftermath Perps NEARUSD+0.1183%1h4.5015+0.278%$6K$6K10xas long as short