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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.1017%/8h= −111.3% APRnext payment $1.27 per $10,000 · paid last 24h −0.008%
Price spread now: SoDEX against Pacifica−0.193%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and SoDEX is 0.193% cheaper against Pacifica than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica NEAR4.41000.1187pay 0.0148% / 1h26m 34s$421K$1.4M10x
ShortSoDEX NEAR-USD4.40150.0170get 0.0021% / 1h26m 34s$5K$52K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
−$213.48
Price spread: −0.193% → 0.000%
−$19.32
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$248.79
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 2 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 2 min ago0.80 bp8.0 bp −$8doesn't fitdoesn't fitdoesn't fit
Sell SoDEX no order-book sample
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.3933−0.379%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4037−0.143%$108K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3910−0.431%$164K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−6.100%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4180+0.181%$112K$491K50xas long as short
Bybit NEARUSDT+0.0100%8h4.4133+0.074%$223.6M$434.5M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4140+0.090%$62.2M$296.2M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4350+0.566%$253K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4112+0.027%$35.4M$61.6M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4140+0.090%$53.4M$46.1M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.4144+0.099%$72.6M$127.4M75xas long as short
Variational Omni NEAR+0.0100%8h4.4217+0.265%$8.8M$18.7Mas long as short
edgeX NEARUSDC+0.0100%4h4.4018−0.186%$257K$914K20xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4010−0.205%$166K$805K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4088−0.028%$296K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4028−0.164%$59K$236K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4070−0.068%$2K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.41000.000%$463K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4040−0.137%$3.6M$8.2M50xas long as short
Paradex NEAR-USD-PERP+0.0105%8h4.4133+0.075%$32K$58510xas long as short
GRVT NEAR_USDT_Perp+0.0113%8h4.4260+0.362%$1.5M$1.5M10xas long as short
Aevo NEAR-PERP+0.0128%1h4.4045−0.125%$205K$38K3xas long as short
SoDEX NEAR-USDshort+0.0170%1h4.4015−0.193%$5K$52K10x
Extended NEAR-USD+0.0192%1h4.4134+0.078%$3.7M$18.4M25xas long as short
BingX NEAR-USDC+0.0194%8h4.4150+0.113%$6.7Mas long as short
MEXC NEAR_USDT+0.0201%8h4.4130+0.068%$80.1M$148.7M200xas long as short
Binance NEARUSDT+0.0201%8h4.4110+0.023%$269.2M$1.08B75xas long as short
Kalshi KXNEARPERP+0.0259%8h4.4018−0.186%$1.0M$25.0M2.2xas long as short
Aster NEARUSDT+0.0304%8h4.4069−0.071%$2.8M$5.0M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0314% / S −0.0198%1h4.3978−0.276%$234K100xas long as short
BloFin NEAR-USDT+0.0321%8h4.4060−0.091%$13.7M$32.5M75xas long as short
Backpack NEAR_USDC_PERP+0.0413%1h4.4036−0.146%$1.4M$6.8M20xas long as short
Coinbase International NEAR-PERP-INTX+0.0424%1h4.4059−0.093%$2.3M$16.7M50xas long as short
01 Exchange NEARUSD+0.0440%1h4.4213+0.256%$13K$7K10xas long as short
Hyperliquid NEAR+0.0456%1h4.4096−0.010%$359.8M$314.9M10xas long as short
Nado NEAR-PERP+0.0604%1h4.4050−0.114%$1.7M$3.2M10xas long as short
Kraken Futures PF_NEARUSD+0.0663%1h4.4001−0.224%$7.3M$38.4M50xas long as short
Lighter NEAR+0.0832%1h4.4125+0.055%$17.3M$25.2M15xas long as short
Arcus NEAR-USD+0.0880%1h4.4200+0.226%$224K$1.6M10xas long as short
Lighter RH NEAR+0.0912%1h4.4124+0.054%$1.5M$6.7M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0932%1h4.4042−0.132%$1.9M$13.1M25xas long as short
Phoenix NEAR+0.1003%1h4.4297+0.446%$1.8M$2.5M10xas long as short
Pacifica NEARlong+0.1187%1h4.4100long leg$421K$1.4M10x
RISEx NEAR/USDC+0.1259%1h4.4026−0.167%$664K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1262%1h4.4174+0.168%$5K$12K10xas long as short