Funding you earn now, next payment 09:00 UTC−0.0493%/8h= −54.0% APRpaid last 24h −0.207%
Price spread now: MEXC against Backpack−0.123%7-day average −0.797% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs+$44as in the Price arb table
costs, in and out, $10k−$240.237% of the position
Funding, last 7 days−0.441%−$44 on $10k
+Price spread, last 7 days+0.814%+$81 · spread now −0.123%, 7d avg −0.797%
=The price spread pays, funding is against you. MEXC is 0.674% dearer against Backpack than usual: you sell high and buy low (spread −0.123% now, against its 7-day average of −0.797%): +$67 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 4.6 days. At the pace of the last 7 days (−0.441% in total) that is about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack NEAR_USDC_PERP | 4.3734 | 0.0631 | pay 0.0079% / 1h | 58m 04s | $1.1M | $7.2M | 20x |
| Short | MEXC NEAR_USDT | 4.3680 | 0.0138 | get 0.0138% / 8h | 7h 58m | $89.1M | $152.4M | 200x |
Backpack NEAR_USDC_PERP
MEXC NEAR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$103.52
- Price spread: −0.123% → −0.797%
- $67.36
- Slippage, 4 orders
- −$13.69
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$59.85
- Costs to cover
- 0.237%
- Break-even
- from the start
Slippage from Backpack: live order book, 1 min ago; MEXC: live order book, 1 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, 1 min ago | 1.83 bp | 10.0 bp −$10 | 19.4 bp −$194 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 3.43 bp | 3.4 bp −$3 | 5.1 bp −$51 | 37.9 bp −$3,793 | 95.2 bp −$47.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0432% | 1h | 4.3718 | −0.037% | $7.2M | $38.6M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3707 | −0.061% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3629 | −0.240% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3680 | −0.125% | $163K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.314% | $578 | $301K | 12x | as long as short |
| Gate NEAR_USDT | +0.0060% | 8h | 4.3676 | −0.133% | $36.1M | $61.5M | 75x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3650 | −0.192% | $115K | $500K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3709 | −0.057% | $2.7M | $4.8M | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3711 | −0.053% | $220.5M | $430.1M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3710 | −0.055% | $61.6M | $296.8M | 50x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Gate NEAR_USDT
Popdex NEARUSDT
Aster NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NEAR-USD | +0.0100% | 1h | 4.3660 | −0.169% | $229K | $1.5M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3688 | −0.105% | $252K | $3K | 10x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3740 | +0.014% | $53.0M | $45.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3722 | −0.027% | $72.3M | $127.6M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3629 | −0.240% | $8.9M | $18.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3577 | −0.358% | $253K | $897K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3670 | −0.146% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3590 | −0.329% | $166K | $815K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3652 | −0.187% | $272K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3730 | −0.009% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3720 | −0.032% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3729 | −0.011% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3670 | −0.146% | $3.5M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3627 | −0.244% | $32K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3705 | −0.067% | $3.6M | $16.3M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0112% | 1h | 4.3725 | −0.021% | $203K | $40K | 3x | as long as short |
| MEXC NEAR_USDTshort | +0.0138% | 8h | 4.3680 | −0.123% | $89.1M | $152.4M | 200x | |
| Binance NEARUSDT | +0.0138% | 8h | 4.3710 | −0.054% | $264.1M | $1.09B | 75x | as long as short |
| BingX NEAR-USDC | +0.0154% | 8h | 4.3680 | −0.123% | — | $6.6M | — | as long as short |
| Nado NEAR-PERP | +0.0156% | 1h | 4.3695 | −0.089% | $1.7M | $3.2M | 10x | as long as short |
| Kalshi KXNEARPERP | +0.0163% | 8h | 4.3681 | −0.121% | $909K | $25.1M | 2.2x | as long as short |
| 01 Exchange NEARUSD | +0.0256% | 1h | 4.3669 | −0.149% | $13K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0258% | 8h | 4.3770 | +0.082% | $13.3M | $32.3M | 75x | as long as short |
| Hyperliquid NEAR | +0.0296% | 1h | 4.3732 | −0.005% | $352.8M | $317.2M | 10x | as long as short |
| HTX NEAR-USDT | +0.0340% | 8h | 4.3790 | +0.128% | $463K | $3.8M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0344% / S −0.0244% | 1h | 4.3679 | −0.125% | $254K | — | 100x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3740 | +0.014% | $2.3M | $17.0M | 50x | as long as short |
| Backpack NEAR_USDC_PERPlong | +0.0631% | 1h | 4.3734 | long leg | $1.1M | $7.2M | 20x | |
| Lighter RH NEAR | +0.0656% | 1h | 4.3734 | 0.000% | $1.5M | $6.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.3659 | −0.170% | $601K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.0664% | 1h | 4.3728 | −0.014% | $17.2M | $23.7M | 15x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.3670 | −0.146% | $412K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0949% | 1h | 4.3666 | −0.155% | $1.8M | $2.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1093% | 1h | 4.3674 | −0.136% | $5K | $7K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.3204% | 1h | 4.3865 | +0.300% | $1.9M | $13.1M | 25x | as long as short |
Arcus NEAR-USD
Bulk NEAR-USD
KuCoin NEARUSDTM
Bitget NEARUSDT
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
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Binance NEARUSDT
BingX NEAR-USDC
Nado NEAR-PERP
Kalshi KXNEARPERP
01 Exchange NEARUSD
BloFin NEAR-USDT
Hyperliquid NEAR
HTX NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Coinbase International NEAR-PERP-INTX
Lighter RH NEAR
RISEx NEAR/USDC
Lighter NEAR
Pacifica NEAR
Phoenix NEAR
Aftermath Perps NEARUSD
Deribit NEAR_USDC-PERPETUAL