Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0849%/8h= +93.0% APRpaid last 24h +0.031%

Price spread now: Pacifica against OKX+0.047%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$370.375% of the position

Long on OKX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 7 days−0.055%−$5 · spread now +0.047%, 7d avg +0.044%

Together, before fees+0.014%+ Points / potential airdropPacifica: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: +$25 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.069% in total (about 3.6% 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	OKX NEAR-USDT-SWAP	4.3040	0.0100	pay 0.0100% / 8h	36m 34s	$60.5M	$290.4M	50x
Short	Pacifica NEAR	4.3060	0.0949	get 0.0119% / 1h	36m 34s	$406K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against OKX. 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 OKXbpFee PacificabpOrdersPrice spread, now +0.047%Rate

Funding earned: $178.3
Price spread: +0.047% → +0.044%: $0.34
Slippage, 4 orders: −$19.47
Fee OKX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $141.17
Costs to cover: 0.375%
Break-even: 1.5 days

Slippage from OKX: live order book, 2 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 2 min ago	1.16 bp	7.9 bp −$8	14.7 bp −$147	39.8 bp −$3,980	doesn't fit
Sell Pacifica live order book, 2 min ago	0.12 bp	12.5 bp −$12	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	4.3038	−0.006%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3057	+0.039%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3049	+0.020%	$161K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0017%	1h	4.3039	−0.001%	$7.1M	$38.3M	50x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.787%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3060	+0.046%	$110K	$496K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3059	+0.044%	$217.4M	$430.3M	75x	as long as short
OKX NEAR-USDT-SWAPlong	+0.0100%	8h	4.3040	long leg	$60.5M	$290.4M	50x
Bulk NEAR-USD	+0.0100%	1h	4.3160	+0.279%	$246K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3036	−0.009%	$35.1M	$62.4M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NEARUSDTM	+0.0100%	8h	4.3060	+0.046%	$52.2M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3034	−0.014%	$71.3M	$128.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3337	+0.689%	$8.6M	$18.7M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3177	+0.318%	$250K	$898K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3207	+0.388%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3330	+0.674%	$165K	$815K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3080	+0.093%	$282K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3072	+0.074%	$57K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3190	+0.349%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3060	+0.046%	$5K	$53K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3080	+0.093%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3047	+0.016%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3023	−0.039%	$3.6M	$17.2M	25x	as long as short
HTX NEAR-USDT	+0.0120%	8h	4.3200	+0.372%	$461K	$3.8M	75x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.3072	+0.074%	$200K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0188%	8h	4.3122	+0.191%	$935K	$25.2M	2.2x	as long as short
Binance NEARUSDT	+0.0193%	8h	4.3048	+0.020%	$261.4M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0196%	8h	4.3050	+0.023%	$82.7M	$150.6M	200x	as long as short
Aster NEARUSDT	+0.0198%	8h	4.3050	+0.023%	$2.7M	$4.8M	50x	as long as short
BingX NEAR-USDC	+0.0205%	8h	4.3050	+0.023%	—	$6.7M	—	as long as short
Hyperliquid NEAR	+0.0226%	1h	4.3083	+0.100%	$347.7M	$315.2M	10x	as long as short
01 Exchange NEARUSD	+0.0264%	1h	4.3057	+0.039%	$13K	$7K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0203%	1h	4.3059	+0.044%	$232K	—	100x	as long as short
BloFin NEAR-USDT	+0.0316%	8h	4.3110	+0.163%	$13.2M	$31.8M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0390%	1h	4.3093	+0.123%	$1.2M	$7.0M	20x	as long as short
Nado NEAR-PERP	+0.0478%	1h	4.3060	+0.047%	$1.7M	$3.2M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3199	+0.369%	$2.3M	$16.8M	50x	as long as short
Lighter RH NEAR	+0.0496%	1h	4.3109	+0.160%	$1.5M	$6.6M	10x	as long as short
Arcus NEAR-USD	+0.0638%	1h	4.3070	+0.070%	$225K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0679%	1h	4.3092	+0.121%	$1.9M	$13.2M	25x	as long as short
Lighter NEAR	+0.0728%	1h	4.3109	+0.160%	$17.0M	$25.1M	15x	as long as short
Pacifica NEARshort	+0.0949%	1h	4.3060	+0.047%	$406K	$1.5M	10x
Phoenix NEAR	+0.0949%	1h	4.3384	+0.799%	$1.8M	$2.4M	10x	as long as short
RISEx NEAR/USDC	+0.0965%	1h	4.3061	+0.049%	$598K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1254%	1h	4.3239	+0.462%	$5K	$7K	10x	as long as short