Funding arb · Price arb /

NEAR

all NEAR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0393%/8h= −43.1% APRpaid last 24h −0.213%

Price spread now: Binance against Backpack+0.098%7-day average −0.840% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs+$60as in the Price arb table

costs, in and out, $10k−$330.335% of the position

Long on Backpack Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.437%−$44 on $10k

Price spread, last 7 days+0.284%+$28 · spread now +0.098%, 7d avg −0.840%

Together, before fees−0.153%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.938% dearer against Backpack than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of −0.840%): +$94 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 7.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack NEAR_USDC_PERP	4.4916	0.0578	pay 0.0072% / 1h	42m 50s	$1.3M	$6.5M	20x
Short	Binance NEARUSDT	4.4960	0.0185	get 0.0185% / 8h	1h 42m	$273.7M	$1.09B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.098%Rate

Funding earned: −$82.63
Price spread: +0.098% → −0.840%: $93.77
Slippage, 4 orders: −$13.47
Fee Backpack: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$22.33
Costs to cover: 0.335%
Break-even: from the start

Slippage from Backpack: live order book, 1 min ago; Binance: live order book, 16 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, 1 min ago	2.12 bp	7.1 bp −$7	13.3 bp −$133	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	1.13 bp	6.1 bp −$6	7.6 bp −$76	30.6 bp −$3,065	98.3 bp −$49.1K

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	4.4873	−0.096%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4827	−0.197%	$110K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4851	−0.145%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.806%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4880	−0.080%	$111K	$493K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4950	+0.076%	$231.3M	$429.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4930	+0.031%	$63.7M	$301.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4366	−1.224%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4942	+0.058%	$35.1M	$60.2M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5000	+0.187%	$53.8M	$45.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4964	+0.107%	$74.5M	$126.7M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4687	−0.509%	$9.0M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4779	−0.305%	$262K	$967K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4740	−0.392%	$168K	$804K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4886	−0.067%	$282K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4875	−0.091%	$59K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4920	+0.009%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4960	+0.098%	$466K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4830	−0.191%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0106%	8h	4.4855	−0.136%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0123%	8h	4.4756	−0.356%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4855	−0.136%	$209K	$40K	3x	as long as short
BingX NEAR-USDT	+0.0182%	8h	4.4950	+0.076%	—	$143.9M	—	as long as short
MEXC NEAR_USDT	+0.0184%	8h	4.5000	+0.187%	$86.2M	$145.5M	200x	as long as short
Binance NEARUSDTshort	+0.0185%	8h	4.4960	+0.098%	$273.7M	$1.09B	75x
SoDEX NEAR-USD	+0.0199%	1h	4.4835	−0.180%	$5K	$52K	10x	as long as short
Kalshi KXNEARPERP	+0.0295%	8h	4.4847	−0.154%	$1.1M	$25.0M	2.2x	as long as short
BloFin NEAR-USDT	+0.0305%	8h	4.4830	−0.191%	$13.6M	$33.1M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0317% / S −0.0201%	1h	4.4847	−0.154%	$240K	—	100x	as long as short
Extended NEAR-USD	+0.0328%	1h	4.4965	+0.109%	$3.7M	$18.9M	25x	as long as short
Aster NEARUSDT	+0.0338%	8h	4.4980	+0.142%	$2.9M	$5.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4893	−0.051%	$2.3M	$16.5M	50x	as long as short
01 Exchange NEARUSD	+0.0496%	1h	4.4891	−0.056%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0540%	1h	4.4829	−0.193%	$1.8M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERPlong	+0.0578%	1h	4.4916	long leg	$1.3M	$6.5M	20x
Hyperliquid NEAR	+0.0599%	1h	4.4919	+0.007%	$369.6M	$309.7M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0651%	1h	4.4812	−0.232%	$7.4M	$38.3M	50x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4910	−0.013%	$228K	$1.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0954%	1h	4.4890	−0.058%	$1.9M	$12.3M	25x	as long as short
Lighter RH NEAR	+0.1000%	1h	4.4884	−0.071%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4991	+0.167%	$1.9M	$2.5M	10x	as long as short
Lighter NEAR	+0.1056%	1h	4.4901	−0.033%	$17.6M	$24.7M	15x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4854	−0.138%	$413K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1240%	1h	4.4726	−0.423%	$6K	$12K	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4890	−0.059%	$678K	$1.4M	10x	as long as short