Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Pacifica against BingX−0.167%47s7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as 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−$630.635% of the position

Long on BingX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.167% cheaper against BingX than usual: you would sell low and buy high, −$17 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 47 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	BingX NEAR-USDC	4.5300	0.0100	pay 0.0100% / 8h	5h 08m	—	$6.6M	—
Short	Pacifica NEAR	4.5224	0.0100	get 0.0013% / 1h	8m 42s	$431K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BingX. 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 BingXbpFee PacificabpOrdersPrice spread, now −0.167%Rate

Funding earned: $0
Price spread: −0.167% → 0.000%: −$16.7
Slippage, 4 orders: −$45.47
Fee BingX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$80.17
Costs to cover: 0.635%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; Pacifica: live order book, just now.

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 BingX live order book, 8 min ago	2.19 bp	14.0 bp −$14	27.3 bp −$273	71.3 bp −$7,134	527.9 bp −$264.0K
Sell Pacifica live order book, just now	3.63 bp	19.6 bp −$20	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	4.5315	+0.034%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.5250	−0.110%	$2.2M	$15.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5286	−0.030%	$112K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5193	−0.236%	$536K	$21.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5307	+0.015%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.587%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5300	0.000%	$114K	$513K	50x	as long as short
Pacifica NEARshort	+0.0100%	1h	4.5224	−0.167%	$431K	$1.2M	10x
Binance NEARUSDT	+0.0100%	8h	4.5310	+0.022%	$278.0M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5262	−0.084%	$226.9M	$425.3M	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	4.5250	−0.110%	$65.4M	$307.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5467	+0.368%	$259K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5255	−0.099%	$32.8M	$64.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5260	−0.088%	$76.9M	$148.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5220	−0.177%	$55.6M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5260	−0.088%	$74.5M	$129.7M	75x	as long as short
BingX NEAR-USDClong	+0.0100%	8h	4.5300	long leg	—	$6.6M	—
Variational Omni NEAR	+0.0100%	8h	4.5696	+0.874%	$8.8M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5623	+0.713%	$274K	$975K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5530	+0.508%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5670	+0.817%	$176K	$796K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5356	+0.124%	$223K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5335	+0.077%	$58K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5390	+0.199%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5314	+0.031%	$8K	$54K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5340	+0.088%	$468K	$4.1M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5300	0.000%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.5210	−0.198%	$33K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5424	+0.274%	$211K	$40K	3x	as long as short
Extended NEAR-USD	+0.0160%	1h	4.5188	−0.247%	$4.2M	$19.3M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5300	0.000%	$14.0M	$34.0M	75x	as long as short
Aster NEARUSDT	+0.0296%	8h	4.5232	−0.149%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0361% / S −0.0250%	1h	4.5315	+0.034%	$273K	—	100x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.5286	−0.031%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.5290	−0.022%	$219K	$1.7M	10x	as long as short
Nado NEAR-PERP	+0.0416%	1h	4.5328	+0.063%	$2.0M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0566%	1h	4.5335	+0.077%	$1.4M	$6.7M	20x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0655%	1h	4.5369	+0.152%	$2.0M	$4.5M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0679%	1h	4.5352	+0.114%	$8.4M	$41.3M	50x	as long as short
Lighter RH NEAR	+0.0712%	1h	4.5390	+0.199%	$1.6M	$7.2M	10x	as long as short
Hyperliquid NEAR	+0.0816%	1h	4.5392	+0.203%	$379.9M	$321.1M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.5621	+0.709%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.5293	−0.015%	$574K	$1.4M	10x	as long as short
Lighter NEAR	+0.1136%	1h	4.5391	+0.200%	$18.2M	$26.9M	15x	as long as short
Aftermath Perps NEARUSD	+0.1605%	1h	4.5408	+0.237%	$6K	$12K	10x	as long as short