Funding you earn now, next payment 00:00 UTC−0.0470%/8h= −51.5% APRpaid last 24h −0.211%
Price spread now: Orderly against Backpack−0.111%7-day average −0.069% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.416%−$42 on $10k
+Price spread, last 3 days (all we have)+0.310%+$31 · spread now −0.111%, 7d avg −0.069%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Orderly is 0.042% cheaper against Backpack than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.069%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack NEAR_USDC_PERP | 4.3203 | 0.0570 | pay 0.0071% / 1h | 56m 01s | $1.3M | $5.6M | 20x |
| Short | Orderly PERP_NEAR_USDC | 4.3155 | 0.0100 | get 0.0100% / 8h | 56m 01s | $57K | $194K | 20x |
Backpack NEAR_USDC_PERP
Orderly PERP_NEAR_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$98.77
- Price spread: −0.111% → −0.069%
- −$4.16
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$118.94
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 3 min ago; Orderly: 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, 3 min ago | 1.28 bp | 8.3 bp −$8 | 15.4 bp −$154 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | 4.3134 | −0.159% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0072% | 1h | 4.3191 | −0.028% | $2.2M | $13.2M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3156 | −0.109% | $112K | $59K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3179 | −0.056% | $413K | $18.4M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3163 | −0.094% | $208K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.150% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3150 | −0.123% | $107K | $494K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3186 | −0.040% | $31K | $647 | 10x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3174 | −0.067% | $405K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3180 | −0.053% | $252.7M | $1.07B | 75x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Paradex NEAR-USD-PERP
Pacifica NEAR
Binance NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit NEARUSDT | +0.0100% | 8h | 4.3148 | −0.127% | $222.6M | $421.0M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3160 | −0.100% | $61.5M | $287.4M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3140 | −0.146% | $198K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3063 | −0.325% | $245K | $2K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3169 | −0.079% | $30.6M | $58.3M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3160 | −0.100% | $82.1M | $138.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3160 | −0.100% | $56.6M | $43.5M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3176 | −0.062% | $71.8M | $126.2M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3150 | −0.123% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3069 | −0.310% | $8.0M | $17.9M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3096 | −0.248% | $269K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3088 | −0.266% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3140 | −0.146% | $180K | $789K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3189 | −0.032% | $215K | $3.3M | 10x | as long as short |
| Orderly PERP_NEAR_USDCshort | +0.0100% | 8h | 4.3155 | −0.111% | $57K | $194K | 20x | |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3200 | −0.007% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3146 | −0.132% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3150 | −0.123% | $4.0M | $8.1M | 50x | as long as short |
| Aster NEARUSDT | +0.0104% | 8h | 4.3210 | +0.016% | $3.1M | $5.6M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3157 | −0.107% | $4.0M | $14.8M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3140 | −0.146% | $208K | $62K | 3x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0117% | 1h | 4.3150 | −0.122% | $7.5M | $36.7M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3210 | +0.016% | $12.9M | $32.6M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0248% | 1h | 4.3171 | −0.074% | $13K | $7K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0376% | 1h | 4.3184 | −0.044% | $1.9M | $2.3M | 25x | as long as short |
| Lighter RH NEAR | +0.0384% | 1h | 4.3206 | +0.007% | $1.5M | $7.0M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0391% / S −0.0343% | 1h | 4.3162 | −0.096% | $293K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0404% | 1h | 4.3154 | −0.114% | $416K | $1.2M | 10x | as long as short |
| Phoenix NEAR | +0.0542% | 1h | 4.3220 | +0.039% | $1.8M | $2.7M | 10x | as long as short |
| Backpack NEAR_USDC_PERPlong | +0.0570% | 1h | 4.3203 | long leg | $1.3M | $5.6M | 20x | |
| Nado NEAR-PERP | +0.0799% | 1h | 4.3125 | −0.181% | $1.9M | $3.4M | 10x | as long as short |
| HTX NEAR-USDT | +0.0912% | 8h | 4.3270 | +0.155% | $462K | $3.6M | 75x | as long as short |
| Aftermath Perps NEARUSD | +0.1134% | 1h | 4.3095 | −0.249% | $5K | $11K | 10x | as long as short |
| Hyperliquid NEAR | +0.1544% | 1h | 4.3242 | +0.090% | $373.5M | $299.7M | 10x | as long as short |
| Lighter NEAR | +0.1992% | 1h | 4.3280 | +0.177% | $16.6M | $23.5M | 15x | as long as short |
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
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
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Aster NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Kraken Futures PF_NEARUSD
BloFin NEAR-USDT
01 Exchange NEARUSD
Deribit NEAR_USDC-PERPETUAL
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Phoenix NEAR
Nado NEAR-PERP
HTX NEAR-USDT
Aftermath Perps NEARUSD
Hyperliquid NEAR
Lighter NEAR