Settings8H · net · $10k
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Funding arb · Price arb /

NEAR

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 06:00 UTC+0.0543%/8h= +59.5% APRpaid last 24h +0.217%
Price spread now: Backpack against Bitget+0.147%7-day average +0.834% · you sell dearer than you buy
Net, funding: paid 7d − costs+$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$330.333% of the position
Long on BitgetShort on Backpack
What this pair did over the last
the charts below follow
Funding, last 7 days+0.451%+$45 on $10k
Price spread, last 7 days−0.296%−$30 · spread now +0.147%, 7d avg +0.834%
Together, before fees+0.155%+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.687% cheaper against Bitget than usual: you would sell low and buy high (spread +0.147% now, against its 7-day average of +0.834%). If the spread goes back, that is −$69 on $10k: about 4.2 days of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.451% in total) that is about 11 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget NEARUSDT4.27780.0100pay 0.0100% / 8h2h 40m$70.7M$127.4M75x
ShortBackpack NEAR_USDC_PERP4.28410.0643get 0.0080% / 1h40m 24s$1.3M$6.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Backpack against Bitget. 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

Funding earned
$114.07
Price spread: +0.147% → +0.834%
−$68.69
Slippage, 4 orders
−$11.27
Fee Bitget: 6 bp × 2 orders
−$12
Fee Backpack: 5 bp × 2 orders
−$10
Net
$12.11
Costs to cover
0.333%
Break-even
6.3 days
Slippage from Bitget: live order book, 4 min ago; Backpack: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago1.17 bp10.7 bp −$1115.3 bp −$15328.1 bp −$2,809doesn't fit
Sell Backpack live order book, 4 min ago1.87 bp7.8 bp −$818.9 bp −$189doesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.2788+0.023%$2K—20xas long as short
dYdX NEAR-USD0.0000%1h4.2806+0.064%$106K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.2761−0.039%$160K—150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−3.198%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.2750−0.065%$111K$500K50xas long as short
Binance NEARUSDT+0.0100%8h4.2820+0.098%$261.7M$1.09B75xas long as short
Bybit NEARUSDT+0.0100%8h4.2773−0.012%$212.9M$420.9M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.2770−0.019%$60.3M$283.9M50xas long as short
Bulk NEAR-USD+0.0100%1h4.2850+0.168%$244K−$010xas long as short
Gate NEAR_USDT+0.0100%8h4.2786+0.019%$32.1M$59.7M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC NEAR_USDT+0.0100%8h4.2830+0.122%$71.7M$142.9M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.2800+0.051%$52.9M$45.5M75xas long as short
Bitget NEARUSDTlong+0.0100%8h4.2778long leg$70.7M$127.4M75x
BingX NEAR-USDC+0.0100%8h4.2780+0.005%—$6.7M—as long as short
Variational Omni NEAR+0.0100%8h4.2808+0.071%$8.2M$18.0M—as long as short
edgeX NEARUSDC+0.0100%4h4.2805+0.064%$250K$946K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.2750−0.065%$1.4M$1.5M10xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.2814+0.084%$263K$3.9M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.2817+0.091%$56K$243K20xas long as short
SunX NEAR-USDT+0.0100%8h4.2950+0.402%$2K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.2990+0.496%$460K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.2860+0.192%$3.6M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.2835+0.133%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.2826+0.112%$199K$37K3xas long as short
ApeX Omni NEARUSDT+0.0216%1h4.2770−0.019%$164K$793K50xas long as short
BloFin NEAR-USDT+0.0220%8h4.2860+0.192%$13.3M$31.6M75xas long as short
Kalshi KXNEARPERP+0.0250%8h4.2865+0.203%$844K$24.5M2.2xas long as short
Coinbase International NEAR-PERP-INTX+0.0256%1h4.2894+0.271%$2.3M$15.8M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0322% / S −0.0198%1h4.2756−0.051%$231K—100xas long as short
Aster NEARUSDT+0.0336%8h4.2810+0.075%$2.8M$5.4M50xas long as short
Nado NEAR-PERP+0.0352%1h4.2795+0.040%$1.7M$3.2M10xas long as short
Extended NEAR-USD+0.0528%1h4.2772−0.014%$3.6M$19.9M25xas long as short
SoDEX NEAR-USD+0.0603%1h4.2865+0.203%$6K$53K10xas long as short
Backpack NEAR_USDC_PERPshort+0.0643%1h4.2841+0.147%$1.3M$6.7M20x
Hyperliquid NEAR+0.0706%1h4.2833+0.129%$349.9M$311.8M10xas long as short
Kraken Futures PF_NEARUSD+0.0738%1h4.2857+0.186%$7.6M$38.6M50xas long as short
01 Exchange NEARUSD+0.0744%1h4.2848+0.164%$13K$7K10xas long as short
Arcus NEAR-USD+0.0814%1h4.2840+0.145%$212K$1.6M10xas long as short
Pacifica NEAR+0.0847%1h4.2851+0.170%$392K$1.3M10xas long as short
Lighter NEAR+0.0848%1h4.2902+0.290%$16.8M$25.0M15xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0941%1h4.2862+0.196%$2.0M$11.0M25xas long as short
Phoenix NEAR+0.1033%1h4.2945+0.390%$1.8M$2.5M10xas long as short
Lighter RH NEAR+0.1056%1h4.2871+0.217%$1.5M$7.3M10xas long as short
RISEx NEAR/USDC+0.1220%1h4.2812+0.079%$691K$1.3M10xas long as short
Aftermath Perps NEARUSD+0.1435%1h4.2823+0.104%$5K$12K10xas long as short