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

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0848%/8h= +92.8% APRpaid last 24h +0.031%
Price spread now: Pacifica against Paradex+0.028%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · Pacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Pacifica is 0.028% dearer against Paradex than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex NEAR-USD-PERP4.32120.0102pay 0.0102% / 8h35m 39s$31K$58510x
ShortPacifica NEAR4.32240.0949get 0.0119% / 1h35m 39s$407K$1.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Paradex. 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
$177.98
Price spread: +0.028% → 0.000%
$2.83
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$168.81
Costs to cover
0.120%
Break-even
0.4 days
Slippage unknown: Paradex: no order-book sample; Pacifica: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell Pacifica live order book, 3 min ago0.12 bp12.5 bp −$12doesn't fitdoesn't fitdoesn't fit
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h4.3087−0.291%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.3057−0.359%$106K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3114−0.227%$161K150xas long as short
Kraken Futures PF_NEARUSD+0.0017%1h4.3180−0.074%$7.1M$38.3M50xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.171%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.3060−0.352%$110K$496K50xas long as short
Bybit NEARUSDT+0.0100%8h4.3204−0.019%$218.1M$430.3M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.3200−0.028%$60.8M$291.5M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3160−0.121%$246K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.3193−0.044%$35.2M$62.4M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin NEARUSDTM+0.0100%8h4.3230+0.041%$52.3M$45.9M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3204−0.019%$71.5M$128.1M75xas long as short
Variational Omni NEAR+0.0100%8h4.3217+0.010%$8.7M$18.8Mas long as short
edgeX NEARUSDC+0.0100%4h4.3177−0.082%$250K$898K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3207−0.012%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3330+0.273%$165K$815K50xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.3085−0.294%$283K$4.1M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.3207−0.012%$58K$235K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3210−0.005%$1K$1.3M20xas long as short
SoDEX NEAR-USD+0.0100%1h4.3201−0.026%$5K$53K10xas long as short
Phemex NEARUSDT+0.0100%8h4.3240+0.064%$3.5M$8.2M50xas long as short
Paradex NEAR-USD-PERPlong+0.0102%8h4.3212long leg$31K$58510x
Extended NEAR-USD+0.0104%1h4.3193−0.045%$3.6M$17.2M25xas long as short
HTX NEAR-USDT+0.0122%8h4.3190−0.051%$460K$3.8M75xas long as short
Aevo NEAR-PERP+0.0128%1h4.3217+0.012%$201K$38K3xas long as short
Kalshi KXNEARPERP+0.0185%8h4.3079−0.308%$935K$25.2M2.2xas long as short
MEXC NEAR_USDT+0.0193%8h4.3210−0.005%$83.4M$150.7M200xas long as short
Binance NEARUSDT+0.0193%8h4.3230+0.041%$262.4M$1.09B75xas long as short
Aster NEARUSDT+0.0195%8h4.3202−0.025%$2.7M$4.8M50xas long as short
BingX NEAR-USDT+0.0199%8h4.3200−0.028%$145.1Mas long as short
Hyperliquid NEAR+0.0222%1h4.3243+0.072%$348.9M$315.3M10xas long as short
01 Exchange NEARUSD+0.0264%1h4.3057−0.359%$13K$7K10xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0315% / S −0.0204%1h4.3121−0.210%$232K100xas long as short
BloFin NEAR-USDT+0.0316%8h4.3110−0.237%$13.2M$31.8M75xas long as short
Backpack NEAR_USDC_PERP+0.0390%1h4.3262+0.115%$1.1M$7.0M20xas long as short
Nado NEAR-PERP+0.0478%1h4.3060−0.352%$1.7M$3.2M10xas long as short
Coinbase International NEAR-PERP-INTX+0.0488%1h4.3137−0.174%$2.3M$16.8M50xas long as short
Lighter RH NEAR+0.0512%1h4.3262+0.115%$1.5M$6.6M10xas long as short
Arcus NEAR-USD+0.0638%1h4.3220+0.018%$226K$1.6M10xas long as short
Lighter NEAR+0.0704%1h4.3262+0.116%$17.0M$25.1M15xas long as short
Pacifica NEARshort+0.0949%1h4.3224+0.028%$407K$1.5M10x
Phoenix NEAR+0.0949%1h4.3384+0.398%$1.8M$2.4M10xas long as short
RISEx NEAR/USDC+0.0965%1h4.3214+0.003%$599K$1.4M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1093%1h4.3239+0.062%$1.9M$13.2M25xas long as short
Aftermath Perps NEARUSD+0.1248%1h4.3207−0.011%$5K$7K10xas long as short