NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0856%/8h= −93.8% APRnext payment −$1.07 per $10,000 · paid last 24h −0.304%

Price spread now: Reya against Backpack−0.110%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Reya is 0.110% cheaper against Backpack than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack NEAR_USDC_PERP	4.4518	0.0686	pay 0.0086% / 1h	34m 16s	$1.4M	$6.6M	20x
Short	Reya NEARRUSDPERP	4.4469	−0.0171	pay 0.0021% / 1h	34m 16s	$2K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.110%Rate

Funding earned: −$179.86
Price spread: −0.110% → 0.000%: −$10.99
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$206.85
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 5 min ago; Reya: 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, 5 min ago	2.39 bp	9.9 bp −$10	21.2 bp −$212	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 NEARRUSDPERPshort	−0.0171%	1h	4.4469	−0.110%	$2K	—	20x
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4482	−0.081%	$2.2M	$14.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4436	−0.184%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4474	−0.099%	$656K	$19.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4439	−0.177%	$201K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.981%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4480	−0.085%	$116K	$488K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4461	−0.129%	$420K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4498	−0.044%	$269.8M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4470	−0.108%	$224.1M	$418.2M	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	4.4440	−0.175%	$63.4M	$294.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	−0.219%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4446	−0.162%	$32.1M	$62.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4500	−0.040%	$76.9M	$142.2M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4510	−0.018%	$56.1M	$44.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4452	−0.148%	$73.2M	$126.5M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4430	−0.198%	—	$144.9M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4296	−0.498%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3985	−1.197%	$264K	$987K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4104	−0.930%	$1.5M	$1.4M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4526	+0.018%	$213K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4472	−0.103%	$61K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4540	+0.049%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4472	−0.103%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4580	+0.139%	$464K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4450	−0.153%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4419	−0.222%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4444	−0.165%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4484	−0.076%	$207K	$34K	3x	as long as short
ApeX Omni NEARUSDT	+0.0186%	1h	4.3960	−1.253%	$200K	$779K	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4560	+0.094%	$13.8M	$31.6M	75x	as long as short
Aster NEARUSDT	+0.0236%	8h	4.4510	−0.018%	$3.1M	$5.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0245%	1h	4.4435	−0.187%	$261K	—	100x	as long as short
Nado NEAR-PERP	+0.0382%	1h	4.4465	−0.119%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.4529	+0.025%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4490	−0.063%	$212K	$1.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0492%	1h	4.4486	−0.072%	$2.0M	$4.4M	25x	as long as short
Backpack NEAR_USDC_PERPlong	+0.0686%	1h	4.4518	long leg	$1.4M	$6.6M	20x
Kraken Futures PF_NEARUSD	+0.0692%	1h	4.4490	−0.062%	$8.3M	$41.0M	50x	as long as short
Hyperliquid NEAR	+0.0817%	1h	4.4560	+0.093%	$375.7M	$304.6M	10x	as long as short
Lighter RH NEAR	+0.0832%	1h	4.4549	+0.070%	$1.7M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4143	−0.842%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4507	−0.026%	$563K	$1.3M	10x	as long as short
Lighter NEAR	+0.1448%	1h	4.4559	+0.093%	$17.8M	$25.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.1696%	1h	4.4151	−0.825%	$6K	$12K	10x	as long as short