NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h −0.044%

Price spread now: Pacifica against Deribit−0.316%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$520.517% of the position

Long on Deribit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.287%−$29 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now −0.316%, 7d avg −0.033%

Together, before fees−0.333%+ Points / potential airdropPacifica: Active · farm board−$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Pacifica is 0.283% cheaper against Deribit than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NEAR_USDC-PERPETUAL	4.4466	0.0110	pay 0.0014% / 1h	28m 56s	$1.9M	$4.4M	25x
Short	Pacifica NEAR	4.4326	0.0100	get 0.0013% / 1h	28m 56s	$418K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Deribit. 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 DeribitbpFee PacificabpOrdersPrice spread, now −0.316%Rate

Funding earned: −$2.1
Price spread: −0.316% → −0.033%: −$28.3
Slippage, 4 orders: −$36.72
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$82.13
Costs to cover: 0.517%
Break-even: never at this rate

Slippage from Deribit: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit live order book, 5 min ago	4.84 bp	8.3 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 5 min ago	5.40 bp	21.3 bp −$21	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	4.4417	−0.110%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4412	−0.121%	$2.2M	$14.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4341	−0.282%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4412	−0.121%	$606K	$19.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4447	−0.042%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.873%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4350	−0.261%	$116K	$490K	50x	as long as short
Pacifica NEARshort	+0.0100%	1h	4.4326	−0.316%	$418K	$1.2M	10x
Binance NEARUSDT	+0.0100%	8h	4.4311	−0.349%	$269.0M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4280	−0.418%	$222.6M	$419.6M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4240	−0.508%	$63.5M	$293.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	−0.102%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4293	−0.389%	$32.0M	$62.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4310	−0.351%	$76.6M	$143.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4330	−0.306%	$55.6M	$44.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4282	−0.414%	$73.0M	$127.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4250	−0.486%	—	$145.2M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4186	−0.630%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4477	+0.026%	$267K	$989K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4180	−0.643%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4160	−0.688%	$172K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4456	−0.022%	$216K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4445	−0.047%	$60K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4490	+0.054%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4425	−0.092%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4520	+0.121%	$463K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4340	−0.283%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4352	−0.256%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4272	−0.435%	$3.8M	$18.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4441	−0.056%	$207K	$34K	3x	as long as short
Deribit NEAR_USDC-PERPETUALlong	+0.0110%	1h	4.4466	long leg	$1.9M	$4.4M	25x
BloFin NEAR-USDT	+0.0220%	8h	4.4520	+0.121%	$13.7M	$31.7M	75x	as long as short
Aster NEARUSDT	+0.0238%	8h	4.4377	−0.200%	$3.0M	$5.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0245%	1h	4.4450	−0.037%	$261K	—	100x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.4354	−0.252%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0385%	1h	4.4415	−0.115%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4370	−0.216%	$211K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0564%	1h	4.4416	−0.112%	$1.4M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0693%	1h	4.4431	−0.079%	$8.3M	$41.0M	50x	as long as short
Lighter RH NEAR	+0.0712%	1h	4.4466	0.000%	$1.6M	$6.9M	10x	as long as short
Hyperliquid NEAR	+0.0729%	1h	4.4407	−0.133%	$369.8M	$309.1M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4463	−0.007%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4386	−0.180%	$559K	$1.3M	10x	as long as short
Lighter NEAR	+0.1288%	1h	4.4450	−0.036%	$17.8M	$25.9M	15x	as long as short
Aftermath Perps NEARUSD	+0.1651%	1h	4.4260	−0.464%	$6K	$12K	10x	as long as short