Funding you earn now, next payment 07:00 UTC−0.1187%/8h= −130.0% APRnext payment −$1.48 per $10,000 · paid last 24h −0.046%
Price spread now: dYdX against Pacifica−0.106%61s7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1641.635% of the position
Funding, last 7 days−0.247%−$25 on $10k
+Price spread, last 4 days (all we have)+0.045%+$5 · spread now −0.106%, 7d avg −0.046%
=Together, before fees−0.201%+ Points / potential airdropPacifica: Active · farm board−$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and dYdX is 0.060% cheaper against Pacifica than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.046%). Swap the legs. The two prices were read 61 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 -0.247% in total (about -12.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.48 per $10,000. 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 | Pacifica NEAR | 4.3988 | 0.1187 | pay 0.0148% / 1h | 14m 45s | $420K | $1.4M | 10x |
| Short | dYdX NEAR-USD | 4.3941 | 0 | get 0.0000% / 1h | 14m 45s | $108K | $68K | 10x |
Pacifica NEAR
dYdX NEAR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Pacifica. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$249.28
- Price spread: −0.106% → −0.046%
- −$6
- Slippage, 4 orders
- −$145.52
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$418.8
- Costs to cover
- 1.635%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 4 min ago; dYdX: live order book, 29 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, 4 min ago | 3.49 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX live order book, 29 min ago | 63.44 bp | 68.4 bp −$68 | 68.4 bp −$684 | 149.0 bp −$14.9K | 508.3 bp −$254.1K |
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 | 4.3944 | −0.099% | $2K | — | 20x | as long as short |
| dYdX NEAR-USDshort | 0.0000% | 1h | 4.3941 | −0.106% | $108K | $68K | 10x | |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3907 | −0.183% | $165K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.860% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4000 | +0.028% | $111K | $484K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3967 | −0.047% | $222.8M | $430.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3970 | −0.040% | $62.0M | $294.1M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4150 | +0.369% | $252K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3943 | −0.102% | $35.7M | $62.1M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3970 | −0.040% | $53.2M | $45.9M | 75x | as long as short |
Reya NEARRUSDPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTMShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget NEARUSDT | +0.0100% | 8h | 4.3952 | −0.081% | $72.7M | $127.8M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3847 | −0.319% | $8.8M | $18.7M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4016 | +0.063% | $257K | $918K | 20x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4000 | +0.028% | $166K | $804K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3972 | −0.036% | $291K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4000 | +0.028% | $59K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4010 | +0.050% | $1K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4030 | +0.096% | $460K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4000 | +0.028% | $3.6M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0104% | 8h | 4.3963 | −0.057% | $32K | $585 | 10x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0109% | 8h | 4.4271 | +0.644% | $1.5M | $1.5M | 10x | as long as short |
| Extended NEAR-USD | +0.0112% | 1h | 4.3920 | −0.155% | $3.6M | $18.1M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0136% | 1h | 4.4000 | +0.028% | $205K | $38K | 3x | as long as short |
| SoDEX NEAR-USD | +0.0149% | 1h | 4.4005 | +0.039% | $5K | $53K | 10x | as long as short |
| BingX NEAR-USDC | +0.0200% | 8h | 4.3950 | −0.086% | — | $6.7M | — | as long as short |
| MEXC NEAR_USDT | +0.0212% | 8h | 4.3990 | +0.005% | $78.8M | $149.8M | 200x | as long as short |
| Binance NEARUSDT | +0.0214% | 8h | 4.3970 | −0.040% | $267.7M | $1.08B | 75x | as long as short |
| Kalshi KXNEARPERP | +0.0240% | 8h | 4.3953 | −0.079% | $1.0M | $24.9M | 2.2x | as long as short |
| Aster NEARUSDT | +0.0289% | 8h | 4.3990 | +0.005% | $2.8M | $4.8M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0314% / S −0.0199% | 1h | 4.3909 | −0.179% | $234K | — | 100x | as long as short |
| BloFin NEAR-USDT | +0.0332% | 8h | 4.4050 | +0.141% | $13.6M | $32.5M | 75x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0413% | 1h | 4.4007 | +0.044% | $1.3M | $6.9M | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0424% | 1h | 4.4000 | +0.028% | $2.3M | $16.6M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0456% | 1h | 4.3996 | +0.019% | $13K | $7K | 10x | as long as short |
| Hyperliquid NEAR | +0.0512% | 1h | 4.4033 | +0.103% | $359.3M | $313.4M | 10x | as long as short |
| Nado NEAR-PERP | +0.0546% | 1h | 4.3955 | −0.074% | $1.7M | $3.2M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0663% | 1h | 4.4003 | +0.035% | $7.3M | $38.2M | 50x | as long as short |
| Lighter NEAR | +0.0792% | 1h | 4.4025 | +0.084% | $17.3M | $25.3M | 15x | as long as short |
| Arcus NEAR-USD | +0.0880% | 1h | 4.3990 | +0.005% | $226K | $1.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0888% | 1h | 4.4046 | +0.132% | $1.5M | $6.7M | 10x | as long as short |
| Phoenix NEAR | +0.1003% | 1h | 4.4002 | +0.032% | $1.8M | $2.5M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1092% | 1h | 4.4026 | +0.087% | $1.9M | $13.0M | 25x | as long as short |
| Pacifica NEARlong | +0.1187% | 1h | 4.3988 | long leg | $420K | $1.4M | 10x | |
| RISEx NEAR/USDC | +0.1259% | 1h | 4.3965 | −0.051% | $662K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1303% | 1h | 4.4077 | +0.202% | $5K | $12K | 10x | as long as short |
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
GRVT NEAR_USDT_Perp
Extended NEAR-USD
Aevo NEAR-PERP
SoDEX NEAR-USD
BingX NEAR-USDC
MEXC NEAR_USDT
Binance NEARUSDT
Kalshi KXNEARPERP
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
BloFin NEAR-USDT
Backpack NEAR_USDC_PERP
Coinbase International NEAR-PERP-INTX
01 Exchange NEARUSD
Hyperliquid NEAR
Nado NEAR-PERP
Kraken Futures PF_NEARUSD
Lighter NEAR
Arcus NEAR-USD
Lighter RH NEAR
Phoenix NEAR
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
Aftermath Perps NEARUSD