NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0756%/8h= −82.8% APRnext payment −$0.94 per $10,000 · paid last 24h −0.217%

Price spread now: Bulk against Backpack+0.190%7-day average −0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$470.471% of the position

Long on Backpack Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.309%−$31 on $10k

Price spread, last 4 days (all we have)−0.181%−$18 · spread now +0.190%, 7d avg −0.066%

Together, before fees−0.490%−$49 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bulk is 0.256% dearer against Backpack than usual: you sell high and buy low (spread +0.190% now, against its 7-day average of −0.066%): +$26 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 3 days (−0.309% in total) that is about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack NEAR_USDC_PERP	4.3767	0.0856	pay 0.0107% / 1h	7m 10s	$1.5M	$6.3M	20x
Short	Bulk NEAR-USD	4.3850	0.0100	get 0.0013% / 1h	7m 10s	$250K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.190%Rate

Funding earned: −$158.71
Price spread: +0.190% → −0.066%: $25.55
Slippage, 4 orders: −$30.11
Fee Backpack: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$180.27
Costs to cover: 0.471%
Break-even: never at this rate

Slippage from Backpack: live order book, 2 min ago; Bulk: live order book, 62 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, 2 min ago	2.16 bp	7.5 bp −$7	14.7 bp −$147	doesn't fit	doesn't fit
Sell Bulk live order book, 62 min ago	11.59 bp	15.1 bp −$15	15.1 bp −$151	25.1 bp −$2,507	44.6 bp −$22.3K

NEAR on 44 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	4.3749	−0.042%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3759	−0.018%	$2.2M	$14.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3753	−0.031%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3787	+0.046%	$569K	$19.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3741	−0.059%	$197K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.385%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0093%	8h	4.3887	+0.275%	$8.4M	$18.5M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3800	+0.075%	$114K	$487K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3792	+0.057%	$411K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3709	−0.133%	$264.8M	$1.08B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.3727	−0.091%	$220.8M	$417.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3730	−0.085%	$62.2M	$289.9M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3860	+0.212%	$209K	$1.7M	10x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.3850	+0.190%	$250K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.3735	−0.073%	$31.6M	$63.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3760	−0.016%	$76.1M	$144.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3750	−0.039%	$54.1M	$43.8M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3724	−0.098%	$71.8M	$126.2M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3750	−0.039%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3791	+0.054%	$270K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3782	+0.033%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3780	+0.030%	$199K	$774K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3794	+0.062%	$207K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3738	−0.066%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3820	+0.121%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3737	−0.069%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3900	+0.304%	$459K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3760	−0.016%	$3.9M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3757	−0.023%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3715	−0.119%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3763	−0.009%	$204K	$34K	3x	as long as short
Aster NEARUSDT	+0.0184%	8h	4.3780	+0.030%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0216%	1h	4.3739	−0.063%	$7.7M	$40.7M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0348% / S −0.0242%	1h	4.3737	−0.068%	$256K	—	100x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3850	+0.190%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0411%	1h	4.3787	+0.046%	$1.9M	$3.1M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0413%	1h	4.3762	−0.011%	$1.9M	$4.2M	25x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3851	+0.192%	$549K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4039	+0.621%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0784%	1h	4.3816	+0.112%	$1.6M	$7.1M	10x	as long as short
Backpack NEAR_USDC_PERPlong	+0.0856%	1h	4.3767	long leg	$1.5M	$6.3M	20x
Hyperliquid NEAR	+0.0875%	1h	4.3799	+0.073%	$368.8M	$305.5M	10x	as long as short
Aftermath Perps NEARUSD	+0.1659%	1h	4.3854	+0.200%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1720%	1h	4.3846	+0.180%	$17.5M	$25.8M	15x	as long as short