Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0601%/8h= +65.9% APRpaid last 24h +0.041%

Price spread now: Pacifica against Bitget+0.190%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$570.566% of the position

Long on Bitget 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−0.172%−$17 · spread now +0.190%, 7d avg +0.051%

Together, before fees−0.054%+ Points / potential airdropPacifica: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Pacifica is 0.139% dearer against Bitget than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.051%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.118% in total (about 6.2% 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	Bitget NEARUSDT	4.5418	0.0100	pay 0.0100% / 8h	7h 00m	$75.0M	$127.4M	75x
Short	Pacifica NEAR	4.5504	0.0701	get 0.0088% / 1h	0m 40s	$429K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bitget. 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 BitgetbpFee PacificabpOrdersPrice spread, now +0.190%Rate

Funding earned: $126.3
Price spread: +0.190% → +0.051%: $13.87
Slippage, 4 orders: −$36.65
Fee Bitget: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $83.52
Costs to cover: 0.566%
Break-even: 2.4 days

Slippage from Bitget: live order book, 3 min ago; Pacifica: live order book, 3 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 Bitget live order book, 3 min ago	1.76 bp	12.0 bp −$12	25.3 bp −$253	doesn't fit	doesn't fit
Sell Pacifica live order book, 3 min ago	4.38 bp	16.2 bp −$16	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
Kraken Futures PF_NEARUSD	−0.0417%	1h	4.5330	−0.194%	$7.5M	$38.7M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.5327	−0.201%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5469	+0.112%	$111K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5468	+0.109%	$171K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.825%	$578	$301K	12x	as long as short
Phemex NEARUSDT	+0.0061%	8h	4.5340	−0.172%	$3.5M	$8.0M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5480	+0.137%	$119K	$516K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.5475	+0.125%	$2.7M	$4.7M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5487	+0.151%	$276.0M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5510	+0.203%	$237.1M	$434.2M	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	4.5430	+0.026%	$64.7M	$310.4M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.5480	+0.137%	$237K	$1.4M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5050	−0.810%	$260K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5430	+0.026%	$39.1M	$64.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5460	+0.092%	$84.5M	$167.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5510	+0.203%	$54.0M	$45.7M	75x	as long as short
Bitget NEARUSDTlong	+0.0100%	8h	4.5418	long leg	$75.0M	$127.4M	75x
BingX NEAR-USDC	+0.0100%	8h	4.5460	+0.092%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5317	−0.223%	$9.4M	$17.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5430	+0.027%	$268K	$900K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5537	+0.262%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5480	+0.137%	$171K	$825K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5412	−0.013%	$283K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5337	−0.178%	$59K	$265K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5450	+0.070%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5345	−0.161%	$5K	$49K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.5442	+0.053%	$3.8M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5360	−0.128%	$211K	$38K	3x	as long as short
Paradex NEAR-USD-PERP	+0.0108%	8h	4.5487	+0.151%	$33K	$413	10x	as long as short
Kalshi KXNEARPERP	+0.0128%	8h	4.5331	−0.192%	$907K	$25.4M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5440	+0.048%	$12.8M	$33.5M	75x	as long as short
Nado NEAR-PERP	+0.0226%	1h	4.5385	−0.073%	$1.7M	$3.2M	10x	as long as short
HTX NEAR-USDT	+0.0306%	8h	4.5460	+0.092%	$481K	$3.8M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0347% / S −0.0242%	1h	4.5333	−0.188%	$265K	—	100x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.5475	+0.126%	$13K	$5K	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.5417	−0.002%	$2.4M	$17.9M	50x	as long as short
Hyperliquid NEAR	+0.0494%	1h	4.5495	+0.170%	$369.9M	$320.4M	10x	as long as short
Lighter RH NEAR	+0.0560%	1h	4.5547	+0.284%	$1.6M	$6.6M	10x	as long as short
Lighter NEAR	+0.0576%	1h	4.5554	+0.299%	$17.9M	$24.3M	15x	as long as short
Backpack NEAR_USDC_PERP	+0.0653%	1h	4.5343	−0.165%	$1.1M	$7.2M	20x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.5474	+0.124%	$646K	$1.6M	10x	as long as short
Pacifica NEARshort	+0.0701%	1h	4.5504	+0.190%	$429K	$1.4M	10x
Phoenix NEAR	+0.0740%	1h	4.5702	+0.625%	$1.7M	$2.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0831%	1h	4.5364	−0.119%	$2.0M	$13.1M	25x	as long as short
Aftermath Perps NEARUSD	+0.1258%	1h	4.5342	−0.167%	$6K	$7K	10x	as long as short