Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

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 Gate+0.194%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

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

costs, in and out, $10k−$540.538% of the position

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 7 days−0.220%−$22 · spread now +0.194%, 7d avg +0.029%

Together, before fees−0.155%+ Points / potential airdropPacifica: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Pacifica is 0.165% dearer against Gate than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.029%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.065% in total (about 3.4% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NEAR_USDT	4.2817	0.0100	pay 0.0100% / 8h	2h 28m	$32.3M	$60.0M	75x
Short	Pacifica NEAR	4.2900	0.0847	get 0.0106% / 1h	28m 16s	$393K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Gate. 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 GatebpFee PacificabpOrdersPrice spread, now +0.194%Rate

Funding earned: $156.81
Price spread: +0.194% → +0.029%: $16.52
Slippage, 4 orders: −$30.76
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $119.58
Costs to cover: 0.538%
Break-even: 1.7 days

Slippage from Gate: live order book, 6 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 6 min ago	2.33 bp	16.7 bp −$17	26.6 bp −$266	40.2 bp −$4,019	58.2 bp −$29.1K
Sell Pacifica live order book, 1 min ago	3.26 bp	14.2 bp −$14	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	4.2837	+0.046%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2859	+0.098%	$105K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2767	−0.116%	$160K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.286%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2840	+0.054%	$113K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2840	+0.054%	$261.9M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2800	−0.040%	$213.5M	$420.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2830	+0.030%	$60.3M	$284.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2997	+0.421%	$245K	−$0	10x	as long as short
Gate NEAR_USDTlong	+0.0100%	8h	4.2817	long leg	$32.3M	$60.0M	75x

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NEAR_USDT	+0.0100%	8h	4.2870	+0.124%	$75.8M	$144.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2880	+0.147%	$51.8M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2815	−0.005%	$70.8M	$127.1M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2800	−0.040%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2878	+0.143%	$8.1M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2962	+0.339%	$259K	$958K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2943	+0.294%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2861	+0.103%	$262K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2851	+0.079%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2930	+0.264%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2910	+0.217%	$463K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2860	+0.100%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.2844	+0.064%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2870	+0.124%	$199K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2920	+0.241%	$13.2M	$31.6M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.2838	+0.049%	$2.3M	$15.8M	50x	as long as short
Kalshi KXNEARPERP	+0.0262%	8h	4.3002	+0.432%	$869K	$24.6M	2.2x	as long as short
ApeX Omni NEARUSDT	+0.0263%	1h	4.2960	+0.334%	$165K	$795K	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0311% / S −0.0198%	1h	4.2770	−0.110%	$231K	—	100x	as long as short
Aster NEARUSDT	+0.0335%	8h	4.2840	+0.054%	$2.8M	$5.3M	50x	as long as short
Nado NEAR-PERP	+0.0388%	1h	4.2853	+0.083%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0536%	1h	4.2817	+0.001%	$3.6M	$19.7M	25x	as long as short
SoDEX NEAR-USD	+0.0561%	1h	4.2835	+0.042%	$6K	$53K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0660%	1h	4.2884	+0.156%	$1.3M	$6.7M	20x	as long as short
Hyperliquid NEAR	+0.0686%	1h	4.2884	+0.156%	$350.6M	$310.4M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0739%	1h	4.2811	−0.013%	$7.3M	$38.8M	50x	as long as short
01 Exchange NEARUSD	+0.0752%	1h	4.2919	+0.238%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.2900	+0.194%	$215K	$1.6M	10x	as long as short
Pacifica NEARshort	+0.0847%	1h	4.2900	+0.194%	$393K	$1.3M	10x
Lighter NEAR	+0.0928%	1h	4.2929	+0.262%	$16.8M	$25.1M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0965%	1h	4.2860	+0.100%	$1.9M	$11.0M	25x	as long as short
Phoenix NEAR	+0.1033%	1h	4.3089	+0.635%	$1.8M	$2.5M	10x	as long as short
Lighter RH NEAR	+0.1128%	1h	4.2930	+0.264%	$1.4M	$7.4M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.2884	+0.157%	$682K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1368%	1h	4.2909	+0.216%	$5K	$12K	10x	as long as short