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 −0.006%

Price spread now: Binance against Pacifica+0.135%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on Pacifica Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 7 days−0.093%−$9 · spread now +0.135%, 7d avg −0.010%

Together, before fees−0.165%+ Points / potential airdropPacifica: Active · farm board−$16 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: Binance is 0.144% dearer against Pacifica than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica NEAR	4.4180	0.0100	pay 0.0013% / 1h	19m 29s	$420K	$1.2M	10x
Short	Binance NEARUSDT	4.4240	0.0100	get 0.0100% / 8h	4h 19m	$271.7M	$1.10B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Pacifica. 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 PacificabpFee BinancebpOrdersPrice spread, now +0.135%Rate

Funding earned: $0
Price spread: +0.135% → −0.010%: $14.43
Slippage, 4 orders: −$17.42
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$21
Costs to cover: 0.354%
Break-even: never at this rate

Slippage from Pacifica: live order book, 4 min ago; Binance: live order book, 9 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 Pacifica live order book, 4 min ago	0.68 bp	5.7 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.14 bp	8.2 bp −$8	12.4 bp −$124	34.2 bp −$3,422	105.8 bp −$52.9K

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	4.4171	−0.023%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4042	−0.313%	$2.3M	$15.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4149	−0.071%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4069	−0.252%	$605K	$22.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4052	−0.291%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.271%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4180	−0.001%	$113K	$518K	50x	as long as short
Pacifica NEARlong	+0.0100%	1h	4.4180	long leg	$420K	$1.2M	10x
Binance NEARUSDTshort	+0.0100%	8h	4.4240	+0.135%	$271.7M	$1.10B	75x
Bybit NEARUSDT	+0.0100%	8h	4.4180	−0.001%	$222.2M	$424.4M	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	4.4180	−0.001%	$62.9M	$300.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4098	−0.186%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4139	−0.094%	$32.2M	$64.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4170	−0.024%	$74.5M	$149.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4150	−0.069%	$54.7M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4174	−0.015%	$72.6M	$130.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4150	−0.069%	—	$147.5M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4057	−0.280%	$8.5M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4206	+0.057%	$265K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4210	+0.067%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4130	−0.114%	$170K	$802K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4214	+0.076%	$249K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4173	−0.017%	$56K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4170	−0.024%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4220	+0.089%	$458K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4160	−0.046%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4141	−0.089%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4210	+0.067%	$206K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0124%	1h	4.4155	−0.058%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4110	−0.160%	$13.9M	$32.8M	75x	as long as short
Backpack NEAR_USDC_PERP	+0.0300%	1h	4.4159	−0.049%	$1.4M	$6.5M	20x	as long as short
Aster NEARUSDT	+0.0305%	8h	4.4169	−0.026%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0320% / S −0.0190%	1h	4.4046	−0.305%	$233K	—	100x	as long as short
Hyperliquid NEAR	+0.0322%	1h	4.4259	+0.178%	$365.1M	$324.6M	10x	as long as short
01 Exchange NEARUSD	+0.0328%	1h	4.4232	+0.117%	$13K	$7K	10x	as long as short
Extended NEAR-USD	+0.0360%	1h	4.4104	−0.173%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0536%	1h	4.4182	+0.005%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4190	+0.022%	$219K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0588%	1h	4.4183	+0.007%	$8.1M	$39.7M	50x	as long as short
Lighter RH NEAR	+0.0624%	1h	4.4195	+0.033%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4289	+0.246%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4192	+0.025%	$592K	$1.4M	10x	as long as short
Lighter NEAR	+0.0928%	1h	4.4210	+0.067%	$17.8M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1551%	1h	4.4114	−0.150%	$5K	$12K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1585%	1h	4.4230	+0.112%	$2.0M	$7.3M	25x	as long as short