Settings8H · net · $10k
Funding arb · Price arb /

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0751%/8h= −82.3% APRpaid last 24h −0.059%
Price spread now: OKX against Pacifica−0.166%49s7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$380.385% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.095%−$9 on $10k
Price spread, last 7 days+0.162%+$16 · spread now −0.166%, 7d avg −0.045%
Together, before fees+0.067%+ Points / potential airdropPacifica: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and OKX is 0.121% cheaper against Pacifica than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.045%). Swap the legs. The two prices were read 49 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 -0.095% in total (about -4.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica NEAR4.49750.0851pay 0.0106% / 1h2m 53s$424K$1.3M10x
ShortOKX NEAR-USDT-SWAP4.49000.0100get 0.0100% / 8h5h 02m$64.0M$301.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
−$157.77
Price spread: −0.166% → −0.045%
−$12.1
Slippage, 4 orders
−$20.48
Fee Pacifica: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$208.35
Costs to cover
0.385%
Break-even
never at this rate
Slippage from Pacifica: live order book, 4 min ago; OKX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 4 min ago0.11 bp12.2 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 4 min ago1.12 bp9.0 bp −$913.9 bp −$13936.3 bp −$3,631doesn't fit

NEAR on 45 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NEARUSD−0.0235%1h4.4970−0.011%$7.3M$37.1M50xas long as short
Reya NEARRUSDPERP−0.0171%1h4.4964−0.024%$2K20xas long as short
Kalshi KXNEARPERP0.0000%8h4.5023+0.107%$932K$26.5M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4955−0.044%$169K150xas long as short
dYdX NEAR-USD+0.0022%1h4.4867−0.240%$110K$53K10xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.926%$578$301K12xas long as short
01 Exchange NEARUSD+0.0088%1h4.5010+0.078%$13K$4K10xas long as short
Lighter NEAR+0.0096%1h4.5022+0.104%$17.0M$25.2M15xas long as short
Popdex NEARUSDT+0.0096%1h4.4990+0.034%$124K$505K50xas long as short
Aster NEARUSDT+0.0100%8h4.4950−0.055%$2.7M$4.8M50xas long as short
Show all 45 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance NEARUSDT+0.0100%8h4.4947−0.062%$271.0M$1.08B75xas long as short
Bybit NEARUSDT+0.0100%8h4.4910−0.144%$230.7M$430.3M75xas long as short
OKX NEAR-USDT-SWAPshort+0.0100%8h4.4900−0.166%$64.0M$301.5M50x
Bulk NEAR-USD+0.0100%1h4.4850−0.277%$276K$24K10xas long as short
Gate NEAR_USDT+0.0100%8h4.4907−0.151%$41.0M$63.8M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.4960−0.033%$72.0M$171.7M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4980+0.012%$54.1M$44.4M75xas long as short
Bitget NEARUSDT+0.0100%8h4.4866−0.242%$74.7M$127.7M75xas long as short
BingX NEAR-USDC+0.0100%8h4.4920−0.122%$6.7Mas long as short
Variational Omni NEAR+0.0100%8h4.4853−0.270%$8.8M$16.1Mas long as short
edgeX NEARUSDC+0.0100%4h4.4923−0.116%$266K$864K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.4999+0.054%$1.5M$1.8M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4880−0.211%$168K$808K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.5007+0.072%$192K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.5017+0.094%$56K$273K20xas long as short
SunX NEAR-USDT+0.0100%8h4.5100+0.279%$2K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.4990+0.034%$5K$34K10xas long as short
HTX NEAR-USDT+0.0100%8h4.5100+0.279%$472K$3.7M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4990+0.034%$3.4M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.4926−0.109%$32K$38910xas long as short
Hyperliquid NEAR+0.0103%1h4.4997+0.049%$361.6M$312.2M10xas long as short
Extended NEAR-USD+0.0104%1h4.4905−0.155%$3.7M$15.0M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.5005+0.067%$209K$38K3xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0191% / S −0.0033%1h4.4849−0.281%$241K100xas long as short
BloFin NEAR-USDT+0.0220%8h4.5070+0.212%$12.7M$32.7M75xas long as short
Lighter RH NEAR+0.0248%1h4.5038+0.141%$1.6M$6.1M10xas long as short
Nado NEAR-PERP+0.0267%1h4.5000+0.056%$1.8M$3.1M10xas long as short
Arcus NEAR-USD+0.0343%1h4.5040+0.145%$227K$1.4M10xas long as short
RISEx NEAR/USDC+0.0489%1h4.5066+0.202%$651K$1.6M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0504%1h4.5020+0.101%$2.3M$17.6M50xas long as short
Backpack NEAR_USDC_PERP+0.0563%1h4.5013+0.085%$1.1M$7.2M20xas long as short
Phoenix NEAR+0.0741%1h4.5161+0.414%$1.7M$2.7M10xas long as short
Pacifica NEARlong+0.0851%1h4.4975long leg$424K$1.3M10x
Aftermath Perps NEARUSD+0.0897%1h4.4916−0.131%$6K$6K10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1105%1h4.5063+0.196%$1.9M$13.0M25xas long as short