Funding you earn now, next payment 22:00 UTC−0.0577%/8h= −63.2% APRpaid last 24h −0.171%
Price spread now: BloFin against Backpack+0.002%66s7-day average −0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as 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−$390.391% of the position
Funding, last 7 days−0.149%−$15 on $10k
+Price spread, last 3 days (all we have)+0.313%+$31 · spread now +0.002%, 7d avg −0.065%
=The price spread pays, funding is against you. BloFin is 0.067% dearer against Backpack than usual: you sell high and buy low (spread +0.002% now, against its 7-day average of −0.065%): +$7 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.149% in total) that is about 3.2 days. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.149% in total (about -7.8% a year). A funding rate is set anew for every payment. 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 | 4.1609 | 0.0797 | pay 0.0100% / 1h | 29m 52s | $1.4M | $5.7M | 20x |
| Short | BloFin NEAR-USDT | 4.1610 | 0.0220 | get 0.0220% / 8h | 2h 29m | $12.3M | $33.9M | 75x |
Backpack NEAR_USDC_PERP
BloFin NEAR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Backpack. 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
- −$121.16
- Price spread: +0.002% → −0.065%
- $6.73
- Slippage, 4 orders
- −$17.15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$153.57
- Costs to cover
- 0.391%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 4 min ago; BloFin: live order book, 4 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 | 0.96 bp | 6.2 bp −$6 | 15.6 bp −$156 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 3.61 bp | 14.1 bp −$14 | 15.9 bp −$159 | 31.4 bp −$3,144 | 99.5 bp −$49.7K |
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 | 4.1407 | −0.486% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0024% | 1h | 4.1394 | −0.517% | $2.1M | $12.7M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1392 | −0.520% | $104K | $54K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1482 | −0.305% | $412K | $19.1M | 2.2x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | 0.0000% | 1h | 4.1460 | −0.358% | $1.8M | $2.1M | 25x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1427 | −0.438% | $205K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.0730 | −2.113% | $569 | $239K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1410 | −0.478% | $108K | $490K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1403 | −0.495% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1548 | −0.146% | $2.9M | $5.9M | 50x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
Deribit NEAR_USDC-PERPETUAL
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Paradex NEAR-USD-PERP
Aster NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NEAR | +0.0100% | 1h | 4.1425 | −0.442% | $366K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1527 | −0.198% | $236.5M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1507 | −0.245% | $211.3M | $429.1M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1500 | −0.262% | $56.8M | $278.2M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1550 | −0.142% | $237K | $6K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1533 | −0.183% | $29.6M | $58.1M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1520 | −0.214% | $80.9M | $143.2M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1570 | −0.094% | $56.2M | $45.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1544 | −0.156% | $69.2M | $127.9M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.1530 | −0.190% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1573 | −0.086% | $7.7M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1548 | −0.146% | $236K | $1.3M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1528 | −0.194% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1560 | −0.118% | $183K | $790K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1431 | −0.428% | $195K | $3.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.1436 | −0.416% | $53K | $159K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1460 | −0.358% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1500 | −0.262% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1490 | −0.286% | $3.8M | $8.4M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1520 | −0.215% | $3.7M | $14.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1433 | −0.422% | $201K | $65K | 3x | as long as short |
| Arcus NEAR-USD | +0.0118% | 1h | 4.1440 | −0.406% | $307K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0149% | 1h | 4.1526 | −0.200% | $7.1M | $36.7M | 50x | as long as short |
| BloFin NEAR-USDTshort | +0.0220% | 8h | 4.1610 | +0.002% | $12.3M | $33.9M | 75x | |
| 01 Exchange NEARUSD | +0.0240% | 1h | 4.1431 | −0.428% | $12K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0344% | 1h | 4.1390 | −0.526% | $1.8M | $3.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0352% | 1h | 4.1593 | −0.038% | $1.4M | $7.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0373% / S −0.0317% | 1h | 4.1423 | −0.448% | $273K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.1430 | −0.430% | $414K | $1.2M | 10x | as long as short |
| Phoenix NEAR | +0.0582% | 1h | 4.1650 | +0.099% | $1.7M | $2.8M | 10x | as long as short |
| Backpack NEAR_USDC_PERPlong | +0.0797% | 1h | 4.1609 | long leg | $1.4M | $5.7M | 20x | |
| Lighter NEAR | +0.0872% | 1h | 4.1597 | −0.030% | $15.4M | $22.7M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.0997% | 1h | 4.1447 | −0.389% | $5K | $11K | 10x | as long as short |
| Hyperliquid NEAR | +0.1079% | 1h | 4.1629 | +0.048% | $350.1M | $301.7M | 10x | as long as short |
| HTX NEAR-USDT | +0.1119% | 8h | 4.1510 | −0.238% | $446K | $3.8M | 75x | as long as short |
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Arcus NEAR-USD
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Nado NEAR-PERP
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Phoenix NEAR
Lighter NEAR
Aftermath Perps NEARUSD
Hyperliquid NEAR
HTX NEAR-USDT