NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0468%/8h= −51.2% APRnext payment −$0.58 per $10,000 · paid last 24h −0.165%

Price spread now: Injective against Backpack−0.521%72s7-day average +1.065% · you buy dearer than you sell

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

Long on Backpack Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.345%−$34 on $10k

Price spread, last 3 days (all we have)+3.271%+$327 · spread now −0.521%, 7d avg +1.065%

Together, before fees+2.927%+$293 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Injective is 1.586% cheaper against Backpack than usual: you would sell low and buy high (−$159 if the spread goes back to its 7-day average of +1.065%). Swap the legs. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack NEAR_USDC_PERP	4.1627	0.0465	pay 0.0058% / 1h	43m 38s	$1.2M	$5.7M	20x
Short	Injective NEAR/USDC PERP	4.1410	−0.0002	pay 0.0000% / 1h	43m 38s	$578	$302K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now −0.521%Rate

Funding earned: −$98.19
Price spread: −0.521% → +1.065%: −$158.59
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$266.8
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 1 min ago; Injective: 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, 1 min ago	0.72 bp	9.4 bp −$9	17.4 bp −$174	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	4.1622	−0.012%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1618	−0.022%	$2.1M	$12.6M	50x	as long as short
Injective NEAR/USDC PERPshort	−0.0002%	1h	4.1410	−0.521%	$578	$302K	12x
dYdX NEAR-USD	0.0000%	1h	4.1596	−0.074%	$107K	$56K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1663	+0.086%	$426K	$18.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1623	−0.010%	$206K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0049%	1h	4.1642	+0.036%	$7.5M	$36.8M	50x	as long as short
01 Exchange NEARUSD	+0.0064%	1h	4.1586	−0.098%	$12K	$7K	10x	as long as short
Lighter NEAR	+0.0096%	1h	4.1638	+0.026%	$15.3M	$22.5M	15x	as long as short
Lighter RH NEAR	+0.0096%	1h	4.1647	+0.048%	$1.4M	$6.9M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.1570	−0.137%	$111K	$482K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1617	−0.024%	$54K	$156K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1564	−0.151%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1620	−0.017%	$2.9M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1595	−0.077%	$350K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1580	−0.113%	$238.0M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1560	−0.161%	$211.9M	$422.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1560	−0.161%	$56.9M	$274.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1590	−0.089%	$308K	$1.6M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.1576	−0.123%	$29.7M	$57.1M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1580	−0.113%	$81.8M	$141.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1590	−0.089%	$54.9M	$44.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1566	−0.147%	$69.0M	$125.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1570	−0.137%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1461	−0.399%	$7.7M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1581	−0.112%	$237K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1593	−0.081%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1600	−0.065%	$183K	$789K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1705	+0.187%	$198K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1660	+0.079%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1619	−0.019%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1600	−0.065%	$3.8M	$8.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.1450	−0.425%	$236K	$4K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1552	−0.181%	$3.8M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1610	−0.041%	$200K	$62K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1600	−0.065%	$12.2M	$33.4M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0278%	1h	4.1650	+0.055%	$1.8M	$2.1M	25x	as long as short
Hyperliquid NEAR	+0.0314%	1h	4.1644	+0.041%	$350.2M	$298.6M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1593	−0.083%	$412K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0380% / S −0.0327%	1h	4.1618	−0.022%	$280K	—	100x	as long as short
Backpack NEAR_USDC_PERPlong	+0.0465%	1h	4.1627	long leg	$1.2M	$5.7M	20x
Nado NEAR-PERP	+0.0531%	1h	4.1559	−0.162%	$1.8M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1614	−0.031%	$1.7M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.0891%	1h	4.1526	−0.243%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1006%	8h	4.1780	+0.368%	$451K	$3.6M	75x	as long as short