Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1087%/8h= +119.0% APRpaid last 24h +0.017%

Price spread now: Pacifica against OKX+0.075%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$430.432% of the position

Long on OKX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 7 days−0.079%−$8 · spread now +0.075%, 7d avg +0.044%

Together, before fees−0.024%+ Points / potential airdropPacifica: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Pacifica is 0.031% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.044%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.055% in total (about 2.9% 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	OKX NEAR-USDT-SWAP	4.4240	0.0100	pay 0.0100% / 8h	1h 18m	$62.6M	$295.6M	50x
Short	Pacifica NEAR	4.4273	0.1187	get 0.0148% / 1h	18m 34s	$422K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against OKX. 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 OKXbpFee PacificabpOrdersPrice spread, now +0.075%Rate

Funding earned: $228.28
Price spread: +0.075% → +0.044%: $3.06
Slippage, 4 orders: −$25.23
Fee OKX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $188.11
Costs to cover: 0.432%
Break-even: 1.2 days

Slippage from OKX: live order book, 5 min ago; Pacifica: live order book, just now.

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 OKX live order book, 5 min ago	1.13 bp	7.9 bp −$8	15.3 bp −$153	42.0 bp −$4,203	doesn't fit
Sell Pacifica live order book, just now	3.49 bp	15.8 bp −$16	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	4.4251	+0.024%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4208	−0.072%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4100	−0.317%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.397%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4190	−0.113%	$112K	$485K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4260	+0.045%	$224.4M	$429.9M	75x	as long as short
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.4240	long leg	$62.6M	$295.6M	50x
Bulk NEAR-USD	+0.0100%	1h	4.4150	−0.203%	$252K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4240	0.000%	$35.8M	$61.9M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4280	+0.090%	$53.6M	$45.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4252	+0.027%	$72.9M	$127.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4097	−0.323%	$8.8M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4205	−0.080%	$258K	$916K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4140	−0.226%	$166K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4267	+0.061%	$292K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4257	+0.038%	$59K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4290	+0.113%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4350	+0.249%	$464K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4260	+0.045%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0104%	8h	4.4249	+0.021%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0110%	8h	4.4181	−0.132%	$1.5M	$1.5M	10x	as long as short
Extended NEAR-USD	+0.0136%	1h	4.4242	+0.005%	$3.7M	$18.2M	25x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.4271	+0.070%	$206K	$38K	3x	as long as short
SoDEX NEAR-USD	+0.0169%	1h	4.4265	+0.057%	$5K	$52K	10x	as long as short
BingX NEAR-USDT	+0.0198%	8h	4.4270	+0.068%	—	$144.0M	—	as long as short
MEXC NEAR_USDT	+0.0210%	8h	4.4280	+0.090%	$80.1M	$149.4M	200x	as long as short
Binance NEARUSDT	+0.0213%	8h	4.4200	−0.090%	$269.6M	$1.08B	75x	as long as short
Kalshi KXNEARPERP	+0.0243%	8h	4.4257	+0.038%	$1.0M	$24.9M	2.2x	as long as short
Aster NEARUSDT	+0.0297%	8h	4.4200	−0.090%	$2.8M	$4.8M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0199%	1h	4.4234	−0.013%	$235K	—	100x	as long as short
BloFin NEAR-USDT	+0.0330%	8h	4.4320	+0.181%	$13.6M	$32.7M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4197	−0.097%	$2.3M	$16.7M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0430%	1h	4.4285	+0.102%	$1.3M	$6.9M	20x	as long as short
01 Exchange NEARUSD	+0.0448%	1h	4.4236	−0.009%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0511%	1h	4.4300	+0.136%	$361.6M	$313.1M	10x	as long as short
Nado NEAR-PERP	+0.0547%	1h	4.4263	+0.053%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0659%	1h	4.4244	+0.009%	$7.3M	$38.2M	50x	as long as short
Lighter NEAR	+0.0792%	1h	4.4304	+0.144%	$17.4M	$25.3M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0813%	1h	4.4272	+0.072%	$1.9M	$13.0M	25x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4230	−0.023%	$228K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0904%	1h	4.4316	+0.172%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4318	+0.176%	$1.8M	$2.5M	10x	as long as short
Pacifica NEARshort	+0.1187%	1h	4.4273	+0.075%	$422K	$1.4M	10x
RISEx NEAR/USDC	+0.1259%	1h	4.4226	−0.033%	$668K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1295%	1h	4.4246	+0.013%	$5K	$12K	10x	as long as short