Funding you earn now, next payment 01:00 UTC−0.0444%/8h= −48.6% APRpaid last 24h −0.227%
Price spread now: Variational Omni against Backpack−0.494%7-day average −0.747% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.312%−$31 on $10k
+Price spread, last 7 days+1.460%+$146 · spread now −0.494%, 7d avg −0.747%
=Together, before fees+1.149%+ Points / potential airdropVariational Omni: Active · farm board+$115 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.253% dearer against Backpack than usual: you sell high and buy low (spread −0.494% now, against its 7-day average of −0.747%): +$25 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 46 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack NEAR_USDC_PERP | 4.2800 | 0.0445 | pay 0.0056% / 1h | 41m 06s | $1.3M | $5.7M | 20x |
| Short | Variational Omni NEAR | 4.2588 | 0.0002 | get 0.0002% / 8h | 7h 41m | $7.9M | $18.7M | — |
Backpack NEAR_USDC_PERP
Variational Omni NEARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$93.2
- Price spread: −0.494% → −0.747%
- $25.29
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$77.9
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Backpack: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. 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 | 1.40 bp | 6.4 bp −$6 | 14.0 bp −$140 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 4.87 bp | doesn't fit | 9.8 bp −$98 | 31.4 bp −$3,137 | 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 | 4.2658 | −0.331% | $2K | — | 20x | as long as short |
| Bybit NEARUSDT | −0.0137% | 8h | 4.2710 | −0.210% | $217.6M | $418.5M | 75x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0131% | 1h | 4.2846 | +0.107% | $7.5M | $36.9M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0096% | 1h | 4.2792 | −0.019% | $2.3M | $13.0M | 50x | as long as short |
| Gate NEAR_USDT | −0.0087% | 8h | 4.2733 | −0.157% | $30.8M | $58.8M | 75x | as long as short |
| 01 Exchange NEARUSD | −0.0008% | 1h | 4.2667 | −0.311% | $13K | $7K | 10x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2699 | −0.236% | $111K | $64K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.2716 | −0.196% | $415K | $18.5M | 2.2x | as long as short |
| Variational Omni NEARshort | +0.0002% | 8h | 4.2588 | −0.494% | $7.9M | $18.7M | — | |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2761 | −0.091% | $202K | — | 150x | as long as short |
Reya NEARRUSDPERP
Bybit NEARUSDT
Kraken Futures PF_NEARUSD
Coinbase International NEAR-PERP-INTX
Gate NEAR_USDT
01 Exchange NEARUSD
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.248% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2670 | −0.304% | $111K | $480K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.2817 | +0.040% | $57K | $193K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2691 | −0.255% | $31K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.2809 | +0.022% | $3.0M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.2666 | −0.314% | $399K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2746 | −0.125% | $254.2M | $1.07B | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2730 | −0.164% | $60.7M | $278.0M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2700 | −0.234% | $196K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3050 | +0.584% | $245K | −$0 | 10x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2750 | −0.117% | $78.8M | $138.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2790 | −0.023% | $56.0M | $43.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2734 | −0.154% | $70.9M | $124.8M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.2750 | −0.117% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2773 | −0.063% | $275K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2740 | −0.140% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.2880 | +0.187% | $179K | $790K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2672 | −0.299% | $195K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2870 | +0.164% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2810 | +0.023% | $5K | $52K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.2870 | +0.164% | $456K | $3.6M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2830 | +0.070% | $3.8M | $8.5M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2793 | −0.017% | $3.9M | $17.2M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2778 | −0.052% | $199K | $28K | 3x | as long as short |
| Hyperliquid NEAR | +0.0212% | 1h | 4.2794 | −0.014% | $363.3M | $302.3M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2830 | +0.070% | $13.1M | $28.9M | 75x | as long as short |
| Lighter RH NEAR | +0.0304% | 1h | 4.2879 | +0.185% | $1.6M | $6.9M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0373% / S −0.0307% | 1h | 4.2744 | −0.131% | $272K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0428% | 1h | 4.2688 | −0.261% | $404K | $1.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERPlong | +0.0445% | 1h | 4.2800 | long leg | $1.3M | $5.7M | 20x | |
| Deribit NEAR_USDC-PERPETUAL | +0.0498% | 1h | 4.2838 | +0.089% | $1.9M | $3.2M | 25x | as long as short |
| Phoenix NEAR | +0.0499% | 1h | 4.2790 | −0.023% | $1.8M | $2.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0515% | 1h | 4.2660 | −0.327% | $1.9M | $3.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1308% | 1h | 4.2867 | +0.156% | $5K | $12K | 10x | as long as short |
| Lighter NEAR | +0.2136% | 1h | 4.2955 | +0.361% | $17.2M | $23.9M | 15x | as long as short |
Injective NEAR/USDC PERP
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Hyperliquid NEAR
BloFin NEAR-USDT
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Nado NEAR-PERP
Aftermath Perps NEARUSD
Lighter NEAR