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

NEAR

all NEAR markets
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: edgeX against Pacifica+0.147%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$580.575% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.043%−$4 on $10k
Price spread, last 7 days−0.163%−$16 · spread now +0.147%, 7d avg −0.020%
Together, before fees−0.206%+ Points / potential airdropPacifica: Active · edgeX: Active · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.167% dearer against Pacifica than usual: you sell high and buy low (spread +0.147% now, against its 7-day average of −0.020%): +$17 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.043% in total) that is about 27 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.043% in total (about -2.2% 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
LongPacifica NEAR4.46820.1187pay 0.0148% / 1h45m 20s$412K$1.4M10x
ShortedgeX NEARUSDC4.47480.0100get 0.0050% / 4h1h 45m$261K$966K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
−$228.28
Price spread: +0.147% → −0.020%
$16.72
Slippage, 4 orders
−$40.51
Fee Pacifica: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$269.08
Costs to cover
0.575%
Break-even
never at this rate
Slippage from Pacifica: live order book, 4 min ago; edgeX: live order book, 53 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 ago4.56 bp14.5 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 53 min ago6.99 bp11.9 bp −$1226.2 bp −$262doesn'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%1h4.4778+0.215%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4636−0.104%$110K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4768+0.193%$168K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−7.323%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4740+0.130%$110K$496K50xas long as short
Bybit NEARUSDT+0.0100%8h4.4800+0.264%$230.5M$428.7M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4760+0.174%$63.2M$300.0M50xas long as short
Bulk NEAR-USD+0.0100%1h4.4366−0.707%$253K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.4773+0.203%$34.9M$60.0M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4790+0.242%$53.5M$45.9M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.4772+0.201%$74.1M$126.6M75xas long as short
Variational Omni NEAR+0.0100%8h4.4687+0.011%$9.0M$18.5Mas long as short
edgeX NEARUSDCshort+0.0100%4h4.4748+0.147%$261K$966K20x
Polymarket Perps NEAR-USD+0.0100%1h4.4791+0.244%$283K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4768+0.192%$58K$233K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4840+0.353%$2K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.4910+0.510%$466K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4810+0.286%$3.7M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0107%8h4.4700+0.039%$32K$58510xas long as short
GRVT NEAR_USDT_Perp+0.0123%8h4.4756+0.166%$1.5M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0127%1h4.4730+0.107%$168K$804K50xas long as short
Aevo NEAR-PERP+0.0128%1h4.4805+0.275%$208K$40K3xas long as short
BingX NEAR-USDT+0.0176%8h4.4780+0.219%$143.9Mas long as short
MEXC NEAR_USDT+0.0181%8h4.4800+0.264%$85.8M$145.1M200xas long as short
Binance NEARUSDT+0.0182%8h4.4820+0.309%$272.1M$1.09B75xas long as short
SoDEX NEAR-USD+0.0206%1h4.4800+0.264%$5K$52K10xas long as short
Kalshi KXNEARPERP+0.0300%8h4.4707+0.056%$1.1M$25.0M2.2xas long as short
BloFin NEAR-USDT+0.0302%8h4.4870+0.421%$13.6M$33.1M75xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0316% / S −0.0201%1h4.4764+0.183%$240K100xas long as short
Aster NEARUSDT+0.0338%8h4.4813+0.293%$2.9M$5.0M50xas long as short
Extended NEAR-USD+0.0352%1h4.4770+0.197%$3.7M$18.9M25xas long as short
Coinbase International NEAR-PERP-INTX+0.0424%1h4.4842+0.358%$2.3M$16.5M50xas long as short
01 Exchange NEARUSD+0.0520%1h4.4774+0.206%$13K$7K10xas long as short
Nado NEAR-PERP+0.0539%1h4.4740+0.130%$1.8M$3.2M10xas long as short
Backpack NEAR_USDC_PERP+0.0590%1h4.4705+0.051%$1.3M$6.5M20xas long as short
Hyperliquid NEAR+0.0634%1h4.4808+0.282%$368.5M$309.0M10xas long as short
Kraken Futures PF_NEARUSD+0.0652%1h4.4765+0.186%$7.4M$38.3M50xas long as short
Arcus NEAR-USD+0.0880%1h4.4780+0.219%$227K$1.6M10xas long as short
Phoenix NEAR+0.1003%1h4.5001+0.714%$1.9M$2.5M10xas long as short
Lighter RH NEAR+0.1040%1h4.4874+0.430%$1.5M$6.7M10xas long as short
Lighter NEAR+0.1056%1h4.4870+0.420%$17.6M$24.7M15xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1113%1h4.4805+0.275%$1.9M$12.3M25xas long as short
Pacifica NEARlong+0.1187%1h4.4682long leg$412K$1.4M10x
Aftermath Perps NEARUSD+0.1213%1h4.4680−0.004%$6K$12K10xas long as short
RISEx NEAR/USDC+0.1259%1h4.4771+0.199%$678K$1.4M10xas long as short