Funding you earn now, next payment 01:00 UTC+0.0360%/8h= +39.4% APRpaid last 24h +0.210%
Price spread now: Backpack against Aster+0.231%55s7-day average +0.760% · you sell dearer than you buy
Net, funding: paid 7d − costs+$4as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$310.312% of the position
Funding, last 7 days+0.348%+$35 on $10k
+Price spread, last 7 days−1.369%−$137 · spread now +0.231%, 7d avg +0.760%
=Together, before fees−1.021%+ Points / potential airdropAster: Stage 5 · farm board−$102 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.529% cheaper against Aster than usual: you would sell low and buy high (spread +0.231% now, against its 7-day average of +0.760%). If the spread goes back, that is −$53 on $10k: about 4.9 days of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.348% in total) that is about 11 days. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster NEARUSDT | 4.2796 | 0.0100 | pay 0.0100% / 8h | 7h 43m | $3.0M | $5.6M | 50x |
| Short | Backpack NEAR_USDC_PERP | 4.2895 | 0.0460 | get 0.0057% / 1h | 43m 18s | $1.4M | $5.6M | 20x |
Aster NEARUSDT
Backpack NEAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $75.5
- Price spread: +0.231% → +0.760%
- −$52.94
- Slippage, 4 orders
- −$13.16
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$8.6
- Costs to cover
- 0.312%
- Break-even
- 7.8 days
Slippage from Aster: live order book, 5 min ago; Backpack: live order book, 1 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 Aster live order book, 5 min ago | 2.32 bp | 7.5 bp −$7 | 18.4 bp −$184 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 1 min ago | 1.40 bp | 7.0 bp −$7 | 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 | 4.2740 | −0.130% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0132% | 1h | 4.2732 | −0.151% | $7.5M | $36.9M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0096% | 1h | 4.2747 | −0.115% | $2.2M | $12.9M | 50x | as long as short |
| Bybit NEARUSDT | −0.0093% | 8h | 4.2700 | −0.225% | $217.8M | $418.3M | 75x | as long as short |
| 01 Exchange NEARUSD | −0.0008% | 1h | 4.2787 | −0.021% | $13K | $7K | 10x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2848 | +0.122% | $111K | $64K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.2855 | +0.138% | $376K | $18.3M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2801 | +0.011% | $203K | — | 150x | as long as short |
| Variational Omni NEAR | +0.0008% | 8h | 4.2958 | +0.379% | $8.0M | $18.7M | — | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.239% | $578 | $302K | 12x | as long as short |
Reya NEARRUSDPERP
Kraken Futures PF_NEARUSD
Coinbase International NEAR-PERP-INTX
Bybit NEARUSDT
01 Exchange NEARUSD
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Variational Omni NEAR
Injective NEAR/USDC PERPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NEAR_USDT | +0.0039% | 8h | 4.2752 | −0.103% | $30.8M | $58.8M | 75x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2770 | −0.061% | $111K | $479K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.2803 | +0.016% | $57K | $193K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2824 | +0.065% | $31K | $647 | 10x | as long as short |
| Aster NEARUSDTlong | +0.0100% | 8h | 4.2796 | long leg | $3.0M | $5.6M | 50x | |
| Pacifica NEAR | +0.0100% | 1h | 4.2858 | +0.145% | $401K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2730 | −0.155% | $253.9M | $1.07B | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2710 | −0.201% | $60.7M | $277.7M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2790 | −0.014% | $196K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3050 | +0.593% | $245K | −$0 | 10x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2740 | −0.131% | $79.1M | $138.8M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2750 | −0.108% | $55.9M | $43.1M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2698 | −0.229% | $70.8M | $124.7M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.2710 | −0.201% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2858 | +0.145% | $275K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2830 | +0.079% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.2880 | +0.196% | $179K | $790K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2760 | −0.084% | $196K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2890 | +0.219% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2710 | −0.201% | $5K | $52K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.2880 | +0.196% | $456K | $3.6M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2750 | −0.108% | $3.8M | $8.6M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2704 | −0.216% | $3.9M | $17.1M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2770 | −0.061% | $199K | $28K | 3x | as long as short |
| Hyperliquid NEAR | +0.0219% | 1h | 4.2812 | +0.037% | $364.5M | $300.6M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2760 | −0.084% | $13.1M | $28.8M | 75x | as long as short |
| Lighter RH NEAR | +0.0304% | 1h | 4.2787 | −0.021% | $1.6M | $6.9M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0358% | 1h | 4.2824 | +0.065% | $1.9M | $3.1M | 25x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0373% / S −0.0310% | 1h | 4.2776 | −0.046% | $272K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0428% | 1h | 4.2809 | +0.029% | $407K | $1.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERPshort | +0.0460% | 1h | 4.2895 | +0.231% | $1.4M | $5.6M | 20x | |
| Nado NEAR-PERP | +0.0486% | 1h | 4.2740 | −0.131% | $1.9M | $3.3M | 10x | as long as short |
| Phoenix NEAR | +0.0499% | 1h | 4.2927 | +0.306% | $1.8M | $2.7M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1295% | 1h | 4.2930 | +0.312% | $5K | $12K | 10x | as long as short |
| Lighter NEAR | +0.2144% | 1h | 4.2862 | +0.154% | $17.1M | $23.9M | 15x | as long as short |
Gate NEAR_USDT
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Pacifica NEAR
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Hyperliquid NEAR
BloFin NEAR-USDT
Lighter RH NEAR
Deribit NEAR_USDC-PERPETUAL
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Nado NEAR-PERP
Phoenix NEAR
Aftermath Perps NEARUSD
Lighter NEAR