NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0712%/8h= −77.9% APRnext payment −$0.89 per $10,000 · paid last 24h −0.206%

Price spread now: Aevo against Backpack−0.235%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on Backpack Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.345%−$34 on $10k

Price spread, last 3 days (all we have)+0.638%+$64 · spread now −0.235%, 7d avg −0.067%

Together, before fees+0.293%+$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Aevo is 0.168% cheaper against Backpack than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.067%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.345% in total (about -18.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.89 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack NEAR_USDC_PERP	4.1618	0.0816	pay 0.0102% / 1h	34m 56s	$1.4M	$5.7M	20x
Short	Aevo NEAR-PERP	4.1520	0.0104	get 0.0013% / 1h	34m 56s	$201K	$65K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Backpack. 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 BackpackbpFee AevobpOrdersPrice spread, now −0.235%Rate

Funding earned: −$149.43
Price spread: −0.235% → −0.067%: −$16.84
Slippage, 4 orders: −$36.68
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$228.95
Costs to cover: 0.627%
Break-even: never at this rate

Slippage from Backpack: live order book, 4 min ago; Aevo: live order book, 54 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 Backpack live order book, 4 min ago	2.17 bp	7.4 bp −$7	15.8 bp −$158	doesn't fit	doesn't fit
Sell Aevo live order book, 54 min ago	10.89 bp	21.3 bp −$21	99.1 bp −$991	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	4.1483	−0.325%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1433	−0.445%	$2.1M	$12.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1478	−0.336%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1523	−0.228%	$413K	$19.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1486	−0.318%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.0730	−2.134%	$569	$239K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1490	−0.308%	$107K	$489K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1470	−0.356%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1565	−0.128%	$2.9M	$5.9M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1488	−0.313%	$367K	$1.2M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.1557	−0.146%	$236.7M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1528	−0.216%	$211.8M	$428.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1540	−0.187%	$56.7M	$278.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1240	−0.909%	$235K	$6K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1552	−0.159%	$29.7M	$58.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1540	−0.187%	$80.9M	$142.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1570	−0.115%	$56.4M	$45.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1538	−0.192%	$69.2M	$127.8M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1550	−0.163%	—	$136.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1354	−0.635%	$7.6M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1283	−0.806%	$235K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1402	−0.519%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1450	−0.404%	$182K	$791K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1502	−0.279%	$207K	$3.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.1530	−0.211%	$53K	$159K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1590	−0.067%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1511	−0.257%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1510	−0.260%	$3.8M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1544	−0.178%	$3.6M	$14.6M	25x	as long as short
Aevo NEAR-PERPshort	+0.0104%	1h	4.1520	−0.235%	$201K	$65K	3x
Arcus NEAR-USD	+0.0118%	1h	4.1500	−0.284%	$308K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0149%	1h	4.1530	−0.211%	$7.1M	$36.7M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1490	−0.308%	$12.2M	$33.7M	75x	as long as short
01 Exchange NEARUSD	+0.0264%	1h	4.1508	−0.264%	$12K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0304%	1h	4.1557	−0.147%	$1.8M	$2.1M	25x	as long as short
Nado NEAR-PERP	+0.0329%	1h	4.1470	−0.356%	$1.8M	$3.6M	10x	as long as short
Lighter RH NEAR	+0.0344%	1h	4.1576	−0.101%	$1.4M	$7.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0374% / S −0.0317%	1h	4.1487	−0.314%	$274K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1506	−0.269%	$416K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1503	−0.276%	$1.7M	$2.8M	10x	as long as short
Backpack NEAR_USDC_PERPlong	+0.0816%	1h	4.1618	long leg	$1.4M	$5.7M	20x
Lighter NEAR	+0.0888%	1h	4.1592	−0.062%	$15.4M	$22.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1016%	1h	4.1324	−0.706%	$5K	$11K	10x	as long as short
Hyperliquid NEAR	+0.1096%	1h	4.1629	+0.026%	$350.6M	$300.8M	10x	as long as short
HTX NEAR-USDT	+0.1129%	8h	4.1690	+0.173%	$451K	$3.8M	75x	as long as short