Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0163%/8h= +17.9% APRpaid last 24h +0.006%

Price spread now: Pacifica against Binance+0.316%48s7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as 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−$540.542% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 7 days−0.337%−$34 · spread now +0.316%, 7d avg +0.010%

Together, before fees−0.266%+ Points / potential airdropPacifica: Active · farm board−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Pacifica is 0.306% dearer against Binance than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.010%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NEARUSDT	4.3202	0.0100	pay 0.0100% / 8h	3h 22m	$264.8M	$1.09B	75x
Short	Pacifica NEAR	4.3338	0.0263	get 0.0033% / 1h	22m 53s	$407K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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 BinancebpFee PacificabpOrdersPrice spread, now +0.316%Rate

Funding earned: $34.29
Price spread: +0.316% → +0.010%: $30.62
Slippage, 4 orders: −$36.21
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $10.7
Costs to cover: 0.542%
Break-even: 4.8 days

Slippage from Binance: live order book, 6 min ago; Pacifica: live order book, 1 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 Binance live order book, 6 min ago	1.15 bp	7.7 bp −$8	10.4 bp −$104	28.2 bp −$2,818	97.4 bp −$48.7K
Sell Pacifica live order book, 1 min ago	5.76 bp	25.4 bp −$25	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	4.3234	+0.074%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3298	+0.224%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3229	+0.063%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.147%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3288	+0.200%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3240	+0.089%	$109K	$501K	50x	as long as short
Binance NEARUSDTlong	+0.0100%	8h	4.3202	long leg	$264.8M	$1.09B	75x
Bybit NEARUSDT	+0.0100%	8h	4.3171	−0.071%	$213.9M	$428.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3180	−0.050%	$61.2M	$290.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3250	+0.112%	$246K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3159	−0.099%	$31.9M	$61.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3220	+0.042%	$72.4M	$145.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3160	−0.096%	$53.5M	$46.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3172	−0.069%	$71.2M	$128.8M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3200	−0.004%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3627	+0.984%	$8.4M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3622	+0.973%	$255K	$947K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3500	+0.691%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3640	+1.015%	$168K	$797K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3253	+0.119%	$279K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3276	+0.172%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3350	+0.343%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3350	+0.343%	$470K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3240	+0.089%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3306	+0.241%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3233	+0.072%	$201K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3260	+0.135%	$13.4M	$32.1M	75x	as long as short
Pacifica NEARshort	+0.0263%	1h	4.3338	+0.316%	$407K	$1.3M	10x
Kalshi KXNEARPERP	+0.0276%	8h	4.3318	+0.269%	$867K	$23.5M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0323% / S −0.0198%	1h	4.3225	+0.053%	$233K	—	100x	as long as short
Aster NEARUSDT	+0.0333%	8h	4.3217	+0.035%	$2.8M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0372%	1h	4.3245	+0.100%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0528%	1h	4.3235	+0.077%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0572%	1h	4.3210	+0.019%	$1.3M	$6.7M	20x	as long as short
Nado NEAR-PERP	+0.0587%	1h	4.3220	+0.042%	$1.8M	$3.1M	10x	as long as short
Hyperliquid NEAR	+0.0605%	1h	4.3177	−0.057%	$353.6M	$313.7M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3280	+0.181%	$212K	$1.6M	10x	as long as short
Extended NEAR-USD	+0.0632%	1h	4.3160	−0.096%	$3.8M	$20.0M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0713%	1h	4.3228	+0.060%	$7.6M	$39.4M	50x	as long as short
Lighter RH NEAR	+0.0904%	1h	4.3269	+0.156%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3721	+1.202%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1112%	1h	4.3304	+0.238%	$17.5M	$25.0M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3248	+0.106%	$686K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1508%	1h	4.3305	+0.239%	$1.9M	$9.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1574%	1h	4.3462	+0.602%	$5K	$13K	10x	as long as short