Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.124%

Price spread now: Pacifica against HTX−0.376%7-day average −0.208% · you buy dearer than you sell

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$730.728% of the position

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.539%−$54 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.376%, 7d avg −0.208%

Together, before fees−0.546%+ Points / potential airdropPacifica: Active · farm board−$55 on $10k · with fees, hour by hour

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 HTX than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.208%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX NEAR-USDT	4.4220	0.0100	pay 0.0100% / 8h	4h 20m	$458K	$4.0M	75x
Short	Pacifica NEAR	4.4054	0.0100	get 0.0013% / 1h	20m 15s	$421K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against HTX. 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 HTXbpFee PacificabpOrdersPrice spread, now −0.376%Rate

Funding earned: $0
Price spread: −0.376% → −0.208%: −$16.73
Slippage, 4 orders: −$52.83
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$89.56
Costs to cover: 0.728%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; Pacifica: live order book, 4 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 HTX live order book, 4 min ago	13.56 bp	24.5 bp −$25	56.3 bp −$563	doesn't fit	doesn't fit
Sell Pacifica live order book, 4 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	4.4042	−0.402%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4042	−0.403%	$2.3M	$15.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4022	−0.449%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4069	−0.341%	$605K	$22.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4052	−0.380%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.355%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4070	−0.339%	$113K	$518K	50x	as long as short
Pacifica NEARshort	+0.0100%	1h	4.4054	−0.376%	$421K	$1.2M	10x
Binance NEARUSDT	+0.0100%	8h	4.4175	−0.102%	$271.3M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4109	−0.251%	$221.8M	$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	4.4100	−0.271%	$62.8M	$299.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4098	−0.275%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4056	−0.371%	$32.0M	$64.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4150	−0.158%	$74.4M	$149.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4180	−0.090%	$54.7M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4116	−0.235%	$72.5M	$130.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4130	−0.204%	—	$147.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4057	−0.369%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4206	−0.032%	$265K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4210	−0.023%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4050	−0.384%	$169K	$802K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4074	−0.330%	$232K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4173	−0.106%	$56K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4170	−0.113%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDTlong	+0.0100%	8h	4.4220	long leg	$458K	$4.0M	75x
Phemex NEARUSDT	+0.0100%	8h	4.4160	−0.136%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4037	−0.414%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4210	−0.023%	$206K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0124%	1h	4.4155	−0.147%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4110	−0.249%	$13.9M	$32.8M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0296%	1h	4.4099	−0.274%	$1.4M	$6.5M	20x	as long as short
Aster NEARUSDT	+0.0303%	8h	4.4116	−0.235%	$3.0M	$5.5M	50x	as long as short
Hyperliquid NEAR	+0.0309%	1h	4.4127	−0.210%	$364.0M	$324.6M	10x	as long as short
01 Exchange NEARUSD	+0.0320%	1h	4.4120	−0.226%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0190%	1h	4.4046	−0.394%	$233K	—	100x	as long as short
Extended NEAR-USD	+0.0360%	1h	4.4132	−0.199%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0540%	1h	4.4065	−0.351%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4120	−0.226%	$218K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0588%	1h	4.4183	−0.083%	$8.1M	$39.7M	50x	as long as short
Lighter RH NEAR	+0.0608%	1h	4.4200	−0.045%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4289	+0.156%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4119	−0.228%	$590K	$1.4M	10x	as long as short
Lighter NEAR	+0.0928%	1h	4.4211	−0.021%	$17.8M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1551%	1h	4.4114	−0.239%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1585%	1h	4.4230	+0.023%	$2.0M	$7.3M	25x	as long as short