Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.1087%/8h= +119.0% APRpaid last 24h +0.017%
Price spread now: Pacifica against KuCoin−0.211%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$480.476% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.078%+$8 on $10k
Price spread, last 7 days+0.200%+$20 · spread now −0.211%, 7d avg −0.001%
Together, before fees+0.278%+ Points / potential airdropPacifica: Active · farm board+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.210% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.211% now, against its 7-day average of −0.001%). If the spread goes back, that is −$21 on $10k: about 15 hours of funding at the current rate (+$33 a day). At the pace of the last 7 days (+0.078% in total) that is about 19 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.078% in total (about 4.1% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin NEARUSDTM4.50500.0100pay 0.0100% / 8h1h 42m$53.8M$45.9M75x
ShortPacifica NEAR4.49550.1187get 0.0148% / 1h42m 19s$414K$1.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against KuCoin. 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

Funding earned
$228.28
Price spread: −0.211% → −0.001%
−$20.96
Slippage, 4 orders
−$27.59
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$159.73
Costs to cover
0.476%
Break-even
2.1 days
Slippage from KuCoin: live order book, 7 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 7 min ago3.34 bp18.7 bp −$1935.0 bp −$350133.6 bp −$13.4Kdoesn't fit
Sell Pacifica live order book, 2 min ago0.11 bp6.2 bp −$6doesn't fitdoesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.5000−0.110%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4926−0.274%$111K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4981−0.152%$169K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−8.080%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4990−0.133%$112K$494K50xas long as short
Bybit NEARUSDT+0.0100%8h4.5009−0.091%$231.7M$429.6M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4980−0.155%$63.6M$302.0M50xas long as short
Bulk NEAR-USD+0.0100%1h4.5008−0.093%$256K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.5002−0.107%$35.1M$60.2M75xas long as short
KuCoin NEARUSDTMlong+0.0100%8h4.5050long leg$53.8M$45.9M75x
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.4987−0.140%$74.5M$127.2M75xas long as short
Variational Omni NEAR+0.0100%8h4.4687−0.805%$9.0M$18.5Mas long as short
edgeX NEARUSDC+0.0100%4h4.4779−0.601%$262K$967K20xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.4740−0.688%$168K$804K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4999−0.113%$281K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.5022−0.062%$59K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.5070+0.044%$2K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.4960−0.200%$466K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4830−0.488%$3.7M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0107%8h4.4960−0.199%$32K$58510xas long as short
GRVT NEAR_USDT_Perp+0.0123%8h4.4756−0.652%$1.5M$1.5M10xas long as short
Aevo NEAR-PERP+0.0128%1h4.5034−0.036%$209K$40K3xas long as short
MEXC NEAR_USDT+0.0184%8h4.5020−0.067%$86.4M$145.6M200xas long as short
BingX NEAR-USDT+0.0185%8h4.5010−0.089%$143.9Mas long as short
Binance NEARUSDT+0.0187%8h4.5030−0.044%$274.1M$1.09B75xas long as short
SoDEX NEAR-USD+0.0199%1h4.4835−0.477%$5K$52K10xas long as short
Kalshi KXNEARPERP+0.0295%8h4.4847−0.451%$1.1M$25.0M2.2xas long as short
BloFin NEAR-USDT+0.0305%8h4.4830−0.488%$13.6M$33.1M75xas long as short
Extended NEAR-USD+0.0328%1h4.4945−0.233%$3.7M$18.9M25xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0336% / S −0.0229%1h4.4991−0.131%$258K100xas long as short
Aster NEARUSDT+0.0338%8h4.5030−0.044%$2.9M$5.0M50xas long as short
Coinbase International NEAR-PERP-INTX+0.0424%1h4.4893−0.349%$2.3M$16.5M50xas long as short
01 Exchange NEARUSD+0.0480%1h4.4985−0.144%$13K$7K10xas long as short
Nado NEAR-PERP+0.0538%1h4.5020−0.067%$1.8M$3.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0578%1h4.4916−0.297%$1.3M$6.5M20xas long as short
Hyperliquid NEAR+0.0607%1h4.5068+0.040%$371.0M$310.5M10xas long as short
Kraken Futures PF_NEARUSD+0.0651%1h4.4812−0.528%$7.4M$38.3M50xas long as short
Arcus NEAR-USD+0.0880%1h4.4980−0.155%$229K$1.6M10xas long as short
Phoenix NEAR+0.1003%1h4.4991−0.131%$1.9M$2.5M10xas long as short
Lighter RH NEAR+0.1008%1h4.5004−0.102%$1.5M$6.7M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1017%1h4.5031−0.042%$2.0M$12.3M25xas long as short
Lighter NEAR+0.1056%1h4.5026−0.053%$17.7M$24.7M15xas long as short
Pacifica NEARshort+0.1187%1h4.4955−0.211%$414K$1.4M10x
Aftermath Perps NEARUSD+0.1225%1h4.4771−0.620%$6K$12K10xas long as short
RISEx NEAR/USDC+0.1259%1h4.4984−0.145%$674K$1.4M10xas long as short