Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0203%/8h= −22.3% APRpaid last 24h 0.000%

Price spread now: Pacifica against Aster−0.010%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$430.429% of the position

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 7 days−0.065%−$6 · spread now −0.010%, 7d avg −0.022%

Together, before fees−0.047%+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% 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	Aster NEARUSDT	4.4180	0.0303	pay 0.0303% / 8h	4h 22m	$3.0M	$5.5M	50x
Short	Pacifica NEAR	4.4175	0.0100	get 0.0013% / 1h	22m 18s	$422K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Aster. 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 AsterbpFee PacificabpOrdersPrice spread, now −0.010%Rate

Funding earned: −$42.71
Price spread: −0.010% → −0.022%: $1.2
Slippage, 4 orders: −$26.88
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$84.4
Costs to cover: 0.429%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Pacifica: live order book, 2 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 Aster live order book, 1 min ago	4.52 bp	11.2 bp −$11	19.4 bp −$194	doesn't fit	doesn't fit
Sell Pacifica live order book, 2 min ago	0.68 bp	15.4 bp −$15	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	4.4119	−0.137%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4128	−0.118%	$2.3M	$15.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4173	−0.016%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4185	+0.011%	$596K	$22.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4211	+0.070%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.270%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4160	−0.045%	$113K	$518K	50x	as long as short
Pacifica NEARshort	+0.0100%	1h	4.4175	−0.010%	$422K	$1.2M	10x
Binance NEARUSDT	+0.0100%	8h	4.4182	+0.004%	$271.3M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4090	−0.204%	$221.7M	$424.3M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4070	−0.249%	$63.0M	$299.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4098	−0.185%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4168	−0.027%	$32.0M	$63.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4210	+0.068%	$74.5M	$149.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4170	−0.023%	$54.7M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4212	+0.072%	$72.7M	$130.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4220	+0.091%	—	$147.3M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3777	−0.912%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4030	−0.339%	$264K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3860	−0.724%	$1.4M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4050	−0.294%	$169K	$802K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4186	+0.014%	$232K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4244	+0.145%	$57K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4280	+0.226%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4215	+0.079%	$8K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4230	+0.113%	$458K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4190	+0.023%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4166	−0.032%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4275	+0.215%	$206K	$40K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4260	+0.181%	$13.9M	$32.9M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0288%	1h	4.4222	+0.095%	$1.3M	$6.5M	20x	as long as short
Hyperliquid NEAR	+0.0291%	1h	4.4201	+0.048%	$364.6M	$324.5M	10x	as long as short
Aster NEARUSDTlong	+0.0303%	8h	4.4180	long leg	$3.0M	$5.5M	50x
01 Exchange NEARUSD	+0.0312%	1h	4.4233	+0.120%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0190%	1h	4.4211	+0.071%	$234K	—	100x	as long as short
Extended NEAR-USD	+0.0336%	1h	4.4209	+0.065%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0530%	1h	4.4142	−0.085%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4220	+0.091%	$219K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0587%	1h	4.4249	+0.156%	$8.2M	$39.7M	50x	as long as short
Lighter RH NEAR	+0.0592%	1h	4.4260	+0.181%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4201	+0.048%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.0904%	1h	4.4265	+0.192%	$17.8M	$26.5M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0904%	1h	4.4262	+0.186%	$2.0M	$7.3M	25x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4208	+0.063%	$587K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1510%	1h	4.4112	−0.154%	$5K	$12K	10x	as long as short