Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.030%

Price spread now: BloFin against Pacifica−0.184%7-day average −0.030% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Pacifica Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 3 days (all we have)+0.133%+$13 · spread now −0.184%, 7d avg −0.030%

Together, before fees+0.297%+ Points / potential airdropPacifica: Active · farm board+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.154% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.184% now, against its 7-day average of −0.030%). If the spread goes back, that is −$15 on $10k: about 4.3 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NEAR	4.2969	0.0100	pay 0.0013% / 1h	0m 38s	$400K	$1.2M	10x
Short	BloFin NEAR-USDT	4.2890	0.0220	get 0.0220% / 8h	7h 00m	$13.1M	$27.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Pacifica. 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 PacificabpFee BloFinbpOrdersPrice spread, now −0.184%Rate

Funding earned: $25.2
Price spread: −0.184% → −0.030%: −$15.41
Slippage, 4 orders: −$24.89
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$35.09
Costs to cover: 0.449%
Break-even: 16.7 days

Slippage from Pacifica: live order book, 3 min ago; BloFin: live order book, 3 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 Pacifica live order book, 3 min ago	4.74 bp	11.5 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	1.16 bp	7.2 bp −$7	14.7 bp −$147	38.2 bp −$3,822	115.8 bp −$57.9K

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	4.2918	−0.118%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.2897	−0.167%	$7.9M	$38.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2854	−0.268%	$2.1M	$13.1M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2977	+0.019%	$379K	$18.8M	2.2x	as long as short
dYdX NEAR-USD	+0.0004%	1h	4.2931	−0.087%	$111K	$64K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2982	+0.030%	$157K	—	150x	as long as short
Variational Omni NEAR	+0.0016%	8h	4.2957	−0.027%	$8.2M	$18.8M	—	as long as short
Phemex NEARUSDT	+0.0018%	8h	4.2910	−0.137%	$3.8M	$8.4M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.628%	$578	$302K	12x	as long as short
01 Exchange NEARUSD	+0.0056%	1h	4.2963	−0.014%	$13K	$7K	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.2950	−0.044%	$114K	$473K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.2978	+0.021%	$57K	$162K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2974	+0.011%	$3.0M	$5.8M	50x	as long as short
Pacifica NEARlong	+0.0100%	1h	4.2969	long leg	$400K	$1.2M	10x
Binance NEARUSDT	+0.0100%	8h	4.2952	−0.039%	$256.5M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2943	−0.061%	$218.9M	$416.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2940	−0.067%	$60.6M	$275.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2980	+0.026%	$204K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3243	+0.637%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2953	−0.037%	$30.8M	$61.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2940	−0.067%	$73.3M	$142.4M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2950	−0.044%	$55.6M	$42.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2926	−0.100%	$71.0M	$122.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2960	−0.021%	—	$142.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3202	+0.542%	$257K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3356	+0.900%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3200	+0.538%	$177K	$777K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2957	−0.028%	$207K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2980	+0.026%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2900	−0.161%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2980	+0.026%	$453K	$3.6M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2942	−0.064%	$31K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2944	−0.058%	$3.8M	$17.3M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2952	−0.039%	$200K	$31K	3x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0216%	1h	4.2981	+0.028%	$1.9M	$3.9M	25x	as long as short
BloFin NEAR-USDTshort	+0.0220%	8h	4.2890	−0.184%	$13.1M	$27.5M	75x
GMX NEAR/USD [ETH-USDC]	L +0.0376% / S −0.0308%	1h	4.2968	−0.002%	$275K	—	100x	as long as short
Nado NEAR-PERP	+0.0427%	1h	4.2930	−0.091%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2981	+0.029%	$410K	$1.2M	10x	as long as short
Hyperliquid NEAR	+0.0468%	1h	4.3013	+0.102%	$364.5M	$302.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0494%	1h	4.2955	−0.033%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3191	+0.517%	$1.8M	$2.7M	10x	as long as short
Lighter RH NEAR	+0.0520%	1h	4.3011	+0.098%	$1.6M	$7.0M	10x	as long as short
Aftermath Perps NEARUSD	+0.1478%	1h	4.3199	+0.536%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1760%	1h	4.3090	+0.281%	$17.2M	$24.8M	15x	as long as short