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

NEAR

all NEAR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0116%/8h= −12.7% APRnext payment $0.15 per $10,000 · paid last 24h −0.052%
Price spread now: Coinbase International against Pacifica−0.142%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$560.563% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.260%−$26 on $10k
Price spread, last 3 days (all we have)+0.067%+$7 · spread now −0.142%, 7d avg −0.052%
Together, before fees−0.193%+ Points / potential airdropPacifica: Active · farm board−$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Coinbase International is 0.090% cheaper against Pacifica than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.052%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica NEAR4.36790.0100pay 0.0013% / 1h54m 33s$412K$1.2M10x
ShortCoinbase International NEAR-PERP-INTX4.3617−0.0016pay 0.0002% / 1h54m 33s$2.2M$14.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
−$24.36
Price spread: −0.142% → −0.052%
−$8.99
Slippage, 4 orders
−$38.27
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$89.62
Costs to cover
0.563%
Break-even
never at this rate
Slippage from Pacifica: live order book, 4 min ago; Coinbase International: live order book, 5 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 Pacifica live order book, 4 min ago2.52 bp15.1 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell Coinbase International live order book, 5 min ago3.78 bp12.7 bp −$1318.3 bp −$183doesn't fitdoesn't fit

NEAR on 44 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%1h4.3669−0.024%$2K20xas long as short
Coinbase International NEAR-PERP-INTXshort−0.0016%1h4.3617−0.142%$2.2M$14.1M50x
dYdX NEAR-USD0.0000%1h4.3653−0.061%$108K$70K10xas long as short
Kalshi KXNEARPERP0.0000%8h4.3641−0.087%$539K$19.3M2.2xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0004%1h4.3573−0.242%$197K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−5.195%$578$302K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3640−0.090%$114K$488K50xas long as short
Pacifica NEARlong+0.0100%1h4.3679long leg$412K$1.2M10x
Binance NEARUSDT+0.0100%8h4.3670−0.021%$264.9M$1.07B75xas long as short
Bybit NEARUSDT+0.0100%8h4.3644−0.081%$220.3M$416.6M75xas long as short
Show all 44 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX NEAR-USDT-SWAP+0.0100%8h4.3620−0.136%$62.1M$287.9M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3657−0.051%$249K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3643−0.083%$31.4M$61.6M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3650−0.067%$75.8M$139.5M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3670−0.021%$54.0M$43.8M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3660−0.044%$71.7M$126.0M75xas long as short
BingX NEAR-USDC+0.0100%8h4.3640−0.090%$6.6Mas long as short
Variational Omni NEAR+0.0100%8h4.3808+0.294%$8.4M$18.2Mas long as short
edgeX NEARUSDC+0.0100%4h4.3645−0.078%$267K$993K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3657−0.051%$1.5M$1.4M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3610−0.158%$194K$777K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3711+0.073%$204K$3.6M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3603−0.174%$60K$190K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3670−0.021%$2K$1.4M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3625−0.124%$5K$51K10xas long as short
HTX NEAR-USDT+0.0100%8h4.3720+0.093%$456K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3650−0.067%$3.8M$8.1M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3658−0.048%$32K$60810xas long as short
Extended NEAR-USD+0.0104%1h4.3622−0.131%$3.8M$18.6M25xas long as short
Aevo NEAR-PERP+0.0104%1h4.3628−0.116%$203K$34K3xas long as short
Aster NEARUSDT+0.0187%8h4.3680+0.002%$3.0M$5.5M50xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0278%1h4.3618−0.140%$1.9M$4.3M25xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0348% / S −0.0243%1h4.3565−0.261%$255K100xas long as short
01 Exchange NEARUSD+0.0400%1h4.3693+0.032%$13K$7K10xas long as short
Nado NEAR-PERP+0.0408%1h4.3668−0.024%$1.9M$3.0M10xas long as short
Arcus NEAR-USD+0.0410%1h4.3680+0.002%$208K$1.7M10xas long as short
Backpack NEAR_USDC_PERP+0.0548%1h4.3700+0.048%$1.4M$6.4M20xas long as short
Phoenix NEAR+0.0592%1h4.3900+0.506%$1.8M$2.7M10xas long as short
Kraken Futures PF_NEARUSD+0.0706%1h4.3652−0.062%$8.1M$41.0M50xas long as short
Hyperliquid NEAR+0.0778%1h4.3724+0.103%$368.2M$303.8M10xas long as short
Lighter RH NEAR+0.0816%1h4.3729+0.114%$1.6M$6.9M10xas long as short
RISEx NEAR/USDC+0.0924%1h4.3682+0.006%$551K$1.3M10xas long as short
Lighter NEAR+0.0944%1h4.3769+0.205%$17.5M$25.5M15xas long as short
Aftermath Perps NEARUSD+0.1691%1h4.3645−0.079%$5K$12K10xas long as short