Funding you earn now, next payment 22:00 UTC−0.0781%/8h= −85.5% APRnext payment −$0.98 per $10,000 · paid last 24h −0.236%
Price spread now: gTrade (Gains Network) against Backpack−0.170%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$297as in the Price arb table
costs, in and out, $10k−$2872.869% of the position
Funding, last 3 days (all we have)−0.357%−$36 on $10k
+Price spread, last 3 days (all we have)+0.528%+$53 · spread now −0.170%, 7d avg −0.073%
=Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and gTrade (Gains Network) is 0.097% cheaper against Backpack than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.073%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack NEAR_USDC_PERP | 4.1526 | 0.0785 | pay 0.0098% / 1h | 25m 33s | $1.4M | $5.7M | 20x |
| Short | gTrade (Gains Network) NEAR/USD | 4.1455 | L +0.0004% / S −0.0004% | get 0.0001% / 1h | 25m 33s | $205K | — | 150x |
Backpack NEAR_USDC_PERP
gTrade (Gains Network) NEAR/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$163.92
- Price spread: −0.170% → −0.073%
- −$9.71
- Slippage, 4 orders
- −$266.86
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$460.49
- Costs to cover
- 2.869%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 63 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 | 1.44 bp | 6.4 bp −$6 | 16.4 bp −$164 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 63 min ago | 130.01 bp | 137.7 bp −$138 | 1007.8 bp −$10.1K | 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 | 4.1399 | −0.306% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0024% | 1h | 4.1456 | −0.169% | $2.1M | $12.7M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1468 | −0.139% | $104K | $54K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1403 | −0.296% | $412K | $19.0M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USDshort | L +0.0004% / S −0.0004% | 1h | 4.1455 | −0.170% | $205K | — | 150x | |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.0730 | −1.917% | $569 | $239K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1460 | −0.159% | $109K | $490K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1451 | −0.180% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1475 | −0.122% | $2.9M | $5.9M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1473 | −0.127% | $367K | $1.2M | 10x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
Injective NEAR/USDC PERP
Popdex NEARUSDT
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEARShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance NEARUSDT | +0.0100% | 8h | 4.1459 | −0.162% | $236.1M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1440 | −0.207% | $210.9M | $428.5M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1440 | −0.207% | $56.6M | $277.0M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1550 | +0.058% | $237K | $6K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1460 | −0.159% | $29.5M | $58.1M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1470 | −0.135% | $81.3M | $143.7M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1500 | −0.063% | $56.1M | $45.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1449 | −0.185% | $69.0M | $127.3M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.1450 | −0.183% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1573 | +0.113% | $7.7M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1419 | −0.259% | $236K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1420 | −0.255% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1420 | −0.255% | $182K | $790K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1441 | −0.205% | $200K | $3.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.1480 | −0.111% | $53K | $159K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1470 | −0.135% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1465 | −0.147% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1470 | −0.135% | $3.8M | $8.4M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1444 | −0.198% | $3.7M | $14.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1475 | −0.123% | $201K | $65K | 3x | as long as short |
| Arcus NEAR-USD | +0.0118% | 1h | 4.1480 | −0.111% | $307K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0149% | 1h | 4.1485 | −0.098% | $7.1M | $36.6M | 50x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0160% | 1h | 4.1508 | −0.043% | $1.8M | $2.1M | 25x | as long as short |
| 01 Exchange NEARUSD | +0.0216% | 1h | 4.1485 | −0.099% | $12K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1390 | −0.328% | $12.3M | $33.8M | 75x | as long as short |
| Lighter RH NEAR | +0.0320% | 1h | 4.1525 | −0.002% | $1.4M | $7.2M | 10x | as long as short |
| Nado NEAR-PERP | +0.0344% | 1h | 4.1409 | −0.282% | $1.8M | $3.6M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0373% / S −0.0317% | 1h | 4.1437 | −0.213% | $273K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.1482 | −0.107% | $414K | $1.2M | 10x | as long as short |
| Phoenix NEAR | +0.0582% | 1h | 4.1501 | −0.060% | $1.7M | $2.8M | 10x | as long as short |
| Backpack NEAR_USDC_PERPlong | +0.0785% | 1h | 4.1526 | long leg | $1.4M | $5.7M | 20x | |
| Lighter NEAR | +0.0832% | 1h | 4.1552 | +0.062% | $15.5M | $22.8M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.0975% | 1h | 4.1464 | −0.149% | $5K | $11K | 10x | as long as short |
| Hyperliquid NEAR | +0.1024% | 1h | 4.1533 | +0.017% | $349.3M | $301.9M | 10x | as long as short |
| HTX NEAR-USDT | +0.1111% | 8h | 4.1560 | +0.082% | $447K | $3.7M | 75x | as long as short |
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
Deribit NEAR_USDC-PERPETUAL
01 Exchange NEARUSD
BloFin NEAR-USDT
Lighter RH NEAR
Nado NEAR-PERP
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Phoenix NEAR
Lighter NEAR
Aftermath Perps NEARUSD
Hyperliquid NEAR
HTX NEAR-USDT