NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0485%/8h= +53.1% APRnext payment +$0.61 per $10,000 · paid last 24h +0.220%

Price spread now: Backpack against Aevo−0.048%7-day average +0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$212as in the Price arb table

costs, in and out, $10k−$2012.008% of the position

Long on Aevo Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.385%+$39 on $10k

Price spread, last 4 days (all we have)−0.159%−$16 · spread now −0.048%, 7d avg +0.060%

Together, before fees+0.226%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.109% cheaper against Aevo than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.060%). If the spread goes back, that is −$11 on $10k: about 18 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.385% in total) that is about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo NEAR-PERP	4.3360	0.0104	pay 0.0013% / 1h	11m 39s	$202K	$37K	3x
Short	Backpack NEAR_USDC_PERP	4.3339	0.0589	get 0.0074% / 1h	11m 39s	$1.3M	$6.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aevo. 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 AevobpFee BackpackbpOrdersPrice spread, now −0.048%Rate

Funding earned: $101.88
Price spread: −0.048% → +0.060%: −$10.88
Slippage, 4 orders: −$174.83
Fee Aevo: 8 bp × 2 orders: −$16
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$109.83
Costs to cover: 2.008%
Break-even: 14.5 days

Slippage from Aevo: live order book, 42 min ago; Backpack: 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 Aevo live order book, 42 min ago	85.15 bp	93.2 bp −$93	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 2 min ago	1.27 bp	6.3 bp −$6	16.0 bp −$160	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	4.3370	+0.024%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3339	−0.048%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3358	−0.004%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.497%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3409	+0.113%	$2.3M	$15.8M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3370	+0.023%	$110K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3395	+0.080%	$265.2M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3357	−0.007%	$214.5M	$425.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3350	−0.023%	$61.4M	$288.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3449	+0.205%	$248K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3318	−0.097%	$32.1M	$62.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3400	+0.092%	$74.6M	$146.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3360	0.000%	$53.8M	$45.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3340	−0.046%	$71.5M	$127.4M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3350	−0.023%	—	$144.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3447	+0.202%	$8.2M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3444	+0.193%	$254K	$951K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3382	+0.051%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3500	+0.323%	$167K	$796K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3411	+0.118%	$272K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3361	+0.002%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3450	+0.208%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3470	+0.254%	$469K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3360	0.000%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3331	−0.066%	$31K	$608	10x	as long as short
Aevo NEAR-PERPlong	+0.0104%	1h	4.3360	long leg	$202K	$37K	3x
BloFin NEAR-USDT	+0.0220%	8h	4.3400	+0.092%	$13.5M	$32.1M	75x	as long as short
Kalshi KXNEARPERP	+0.0263%	8h	4.3322	−0.088%	$871K	$23.5M	2.2x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3390	+0.070%	$401K	$1.3M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0324% / S −0.0198%	1h	4.3351	−0.022%	$234K	—	100x	as long as short
Aster NEARUSDT	+0.0337%	8h	4.3390	+0.069%	$2.8M	$5.5M	50x	as long as short
SoDEX NEAR-USD	+0.0351%	1h	4.3329	−0.071%	$6K	$53K	10x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3416	+0.129%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0556%	1h	4.3370	+0.022%	$1.8M	$3.1M	10x	as long as short
Extended NEAR-USD	+0.0576%	1h	4.3326	−0.078%	$3.8M	$19.9M	25x	as long as short
Hyperliquid NEAR	+0.0581%	1h	4.3383	+0.053%	$355.3M	$314.8M	10x	as long as short
Backpack NEAR_USDC_PERPshort	+0.0589%	1h	4.3339	−0.048%	$1.3M	$6.8M	20x
Arcus NEAR-USD	+0.0627%	1h	4.3360	0.000%	$213K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0711%	1h	4.3333	−0.062%	$7.6M	$39.0M	50x	as long as short
Lighter RH NEAR	+0.0928%	1h	4.3409	+0.113%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3478	+0.272%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1080%	1h	4.3429	+0.159%	$17.5M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3402	+0.096%	$679K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1435%	1h	4.3399	+0.090%	$1.9M	$9.8M	25x	as long as short
Aftermath Perps NEARUSD	+0.1573%	1h	4.3425	+0.149%	$5K	$13K	10x	as long as short