NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0172%/8h= −18.8% APRnext payment −$0.22 per $10,000 · paid last 24h −0.167%

Price spread now: GMX against Backpack−0.175%7-day average −0.079% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.054%−$5 on $10k

Price spread, last 4 days (all we have)+0.515%+$51 · spread now −0.175%, 7d avg −0.079%

Together, before fees+0.460%+$46 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and GMX is 0.095% cheaper against Backpack than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.079%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack NEAR_USDC_PERP	4.3900	0.0363	pay 0.0045% / 1h	0m 24s	$1.4M	$6.4M	20x
Short	GMX NEAR/USD [ETH-USDC]	4.3823	L +0.0320% / S −0.0191%	get 0.0024% / 1h	0m 24s	$233K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.175%Rate

Funding earned: −$36.13
Price spread: −0.175% → −0.079%: −$9.51
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$67.65
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.

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	1.25 bp	9.3 bp −$9	20.2 bp −$202	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	4.3815	−0.193%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.3967	+0.153%	$2.2M	$15.7M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3947	+0.107%	$623K	$22.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3825	−0.171%	$164K	—	150x	as long as short
dYdX NEAR-USD	+0.0007%	1h	4.3826	−0.168%	$108K	$69K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.672%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3850	−0.114%	$113K	$508K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3851	−0.113%	$417K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3880	−0.045%	$270.9M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3819	−0.185%	$220.9M	$423.4M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3830	−0.159%	$62.6M	$294.9M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3879	−0.049%	$250K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3833	−0.153%	$31.9M	$64.5M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3890	−0.023%	$76.0M	$151.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3880	−0.046%	$54.7M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3826	−0.169%	$72.0M	$129.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3830	−0.159%	—	$146.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3907	+0.017%	$8.5M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3992	+0.210%	$264K	$965K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3988	+0.202%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3990	+0.205%	$169K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3856	−0.100%	$243K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3858	−0.096%	$57K	$244K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4010	+0.251%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4080	+0.410%	$456K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3940	+0.091%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3777	−0.280%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3823	−0.175%	$204K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0215%	1h	4.3880	−0.046%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3900	0.000%	$13.9M	$32.6M	75x	as long as short
Aster NEARUSDT	+0.0311%	8h	4.3870	−0.068%	$2.9M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]short	L +0.0320% / S −0.0191%	1h	4.3823	−0.175%	$233K	—	100x
Backpack NEAR_USDC_PERPlong	+0.0363%	1h	4.3900	long leg	$1.4M	$6.4M	20x
01 Exchange NEARUSD	+0.0368%	1h	4.3901	+0.002%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0411%	1h	4.3893	−0.016%	$361.7M	$320.2M	10x	as long as short
Extended NEAR-USD	+0.0552%	1h	4.3820	−0.182%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0567%	1h	4.3840	−0.137%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.3910	+0.023%	$216K	$1.7M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0592%	1h	4.3889	−0.025%	$7.9M	$39.8M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0639%	1h	4.3908	+0.018%	$2.0M	$7.4M	25x	as long as short
Lighter RH NEAR	+0.0712%	1h	4.3912	+0.027%	$1.6M	$7.3M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4008	+0.246%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.3899	−0.002%	$599K	$1.4M	10x	as long as short
Lighter NEAR	+0.1032%	1h	4.3935	+0.080%	$17.7M	$26.6M	15x	as long as short
Aftermath Perps NEARUSD	+0.1604%	1h	4.3899	−0.001%	$5K	$12K	10x	as long as short