NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0790%/8h= +86.6% APRnext payment +$0.99 per $10,000 · paid last 24h −0.055%

Price spread now: RISEx against Backpack−0.300%7-day average −0.811% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$26as in the Price arb table

costs, in and out, $10k−$250.250% of the position

Long on Backpack Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.098%+$10 on $10k

Price spread, last 7 days+0.726%+$73 · spread now −0.300%, 7d avg −0.811%

Together, before fees+0.824%+$82 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and RISEx is 0.511% dearer against Backpack than usual: you sell high and buy low: +$51 more if the spread goes back to its 7-day average of −0.811%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.098% in total (about 9.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.99 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack NEAR_USDC_PERP	4.4422	0.0469	pay 0.0059% / 1h	32m 23s	$1.4M	$6.8M	20x
Short	RISEx NEAR/USDC	4.4289	0.1259	get 0.0157% / 1h	32m 23s	$669K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.300%Rate

Funding earned: $166
Price spread: −0.300% → −0.811%: $51.08
Slippage, 4 orders: −$9.01
Fee Backpack: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $192.07
Costs to cover: 0.250%
Break-even: from the start

Slippage from Backpack: live order book, 2 min ago; RISEx: 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, 2 min ago	0.68 bp	6.6 bp −$7	20.1 bp −$201	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	0.89 bp	3.9 bp −$4	10.7 bp −$107	doesn't fit	doesn't fit

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	4.4223	−0.448%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4338	−0.190%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4240	−0.410%	$166K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.780%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4290	−0.297%	$112K	$491K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4249	−0.389%	$224.5M	$435.4M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4240	−0.410%	$62.6M	$297.8M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4350	−0.162%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4246	−0.396%	$35.5M	$61.4M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4260	−0.365%	$53.4M	$46.3M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4254	−0.378%	$73.2M	$127.2M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4297	−0.281%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4392	−0.067%	$259K	$964K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4380	−0.095%	$167K	$805K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4289	−0.299%	$297K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4277	−0.326%	$59K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4430	+0.018%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4320	−0.230%	$465K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4380	−0.095%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0105%	8h	4.4289	−0.300%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0114%	8h	4.4327	−0.214%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4317	−0.235%	$206K	$38K	3x	as long as short
BingX NEAR-USDC	+0.0190%	8h	4.4260	−0.365%	—	$6.7M	—	as long as short
SoDEX NEAR-USD	+0.0191%	1h	4.4365	−0.128%	$5K	$53K	10x	as long as short
MEXC NEAR_USDT	+0.0193%	8h	4.4290	−0.297%	$81.4M	$147.6M	200x	as long as short
Binance NEARUSDT	+0.0197%	8h	4.4300	−0.275%	$270.4M	$1.09B	75x	as long as short
Extended NEAR-USD	+0.0224%	1h	4.4274	−0.332%	$3.7M	$18.5M	25x	as long as short
Kalshi KXNEARPERP	+0.0273%	8h	4.4294	−0.288%	$1.1M	$25.2M	2.2x	as long as short
BloFin NEAR-USDT	+0.0314%	8h	4.4410	−0.027%	$13.7M	$32.8M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0197%	1h	4.4235	−0.421%	$235K	—	100x	as long as short
Aster NEARUSDT	+0.0318%	8h	4.4271	−0.340%	$2.8M	$5.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4400	−0.050%	$2.3M	$16.7M	50x	as long as short
01 Exchange NEARUSD	+0.0456%	1h	4.4362	−0.135%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERPlong	+0.0469%	1h	4.4422	long leg	$1.4M	$6.8M	20x
Hyperliquid NEAR	+0.0488%	1h	4.4289	−0.299%	$362.2M	$312.6M	10x	as long as short
Nado NEAR-PERP	+0.0602%	1h	4.4245	−0.398%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0658%	1h	4.4358	−0.144%	$7.3M	$38.4M	50x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4350	−0.162%	$225K	$1.6M	10x	as long as short
Lighter NEAR	+0.0880%	1h	4.4413	−0.020%	$17.4M	$25.1M	15x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.4373	−0.110%	$1.5M	$6.7M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0991%	1h	4.4370	−0.117%	$1.9M	$13.1M	25x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4771	+0.786%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4359	−0.142%	$409K	$1.4M	10x	as long as short
RISEx NEAR/USDCshort	+0.1259%	1h	4.4289	−0.300%	$669K	$1.4M	10x
Aftermath Perps NEARUSD	+0.1272%	1h	4.4404	−0.040%	$6K	$12K	10x	as long as short