NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0669%/8h= +73.3% APRnext payment +$0.84 per $10,000 · paid last 24h +0.207%

Price spread now: Backpack against Bulk+0.331%7-day average +0.063% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Bulk Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.279%+$28 on $10k

Price spread, last 4 days (all we have)+0.346%+$35 · spread now +0.331%, 7d avg +0.063%

Together, before fees+0.625%+$62 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Backpack is 0.268% dearer against Bulk than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk NEAR-USD	4.0750	0.0100	pay 0.0013% / 1h	51m 59s	$232K	$6K	10x
Short	Backpack NEAR_USDC_PERP	4.0885	0.0769	get 0.0096% / 1h	51m 59s	$1.4M	$5.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Bulk. 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 BulkbpFee BackpackbpOrdersPrice spread, now +0.331%Rate

Funding earned: $140.5
Price spread: +0.331% → +0.063%: $26.83
Slippage, 4 orders: −$27.86
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: $122.47
Costs to cover: 0.449%
Break-even: 0.9 days

Slippage from Bulk: live order book, 37 min ago; Backpack: live order book, 2 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 Bulk live order book, 37 min ago	12.12 bp	15.6 bp −$16	30.7 bp −$307	38.9 bp −$3,895	51.1 bp −$25.6K
Sell Backpack live order book, 2 min ago	1.71 bp	6.9 bp −$7	16.5 bp −$165	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	4.0897	+0.361%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.0891	+0.346%	$2.1M	$12.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.0930	+0.442%	$103K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.0954	+0.501%	$426K	$19.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.0917	+0.410%	$199K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.0730	−0.049%	$569	$239K	12x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0043%	1h	4.0941	+0.469%	$1.8M	$2.1M	25x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.0920	+0.417%	$106K	$487K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.0916	+0.407%	$30K	$892	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.0931	+0.444%	$2.9M	$5.9M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.0947	+0.483%	$362K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.0901	+0.370%	$233.8M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.0901	+0.371%	$208.7M	$426.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.0910	+0.393%	$55.8M	$274.7M	50x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.0750	long leg	$232K	$6K	10x
Gate NEAR_USDT	+0.0100%	8h	4.0839	+0.218%	$29.0M	$57.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.0840	+0.221%	$79.4M	$141.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.0930	+0.442%	$55.7M	$45.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.0802	+0.128%	$68.2M	$127.8M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.0830	+0.196%	—	$136.3M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.0885	+0.331%	$7.5M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1008	+0.632%	$233K	$1.3M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1001	+0.616%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.0920	+0.417%	$180K	$787K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.0929	+0.439%	$198K	$3.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.0920	+0.417%	$52K	$158K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.0970	+0.540%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.0925	+0.429%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.0870	+0.294%	$3.8M	$8.4M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.0786	+0.088%	$3.6M	$14.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.0921	+0.419%	$198K	$65K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.0950	+0.491%	$304K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0151%	1h	4.0925	+0.430%	$7.0M	$36.8M	50x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1010	+0.638%	$12.2M	$33.4M	75x	as long as short
Lighter RH NEAR	+0.0352%	1h	4.0920	+0.417%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0365%	1h	4.0908	+0.389%	$1.8M	$3.7M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0371% / S −0.0317%	1h	4.0918	+0.411%	$270K	—	100x	as long as short
01 Exchange NEARUSD	+0.0448%	1h	4.0938	+0.461%	$12K	$8K	10x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.0947	+0.484%	$416K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.0982	+0.569%	$1.7M	$2.8M	10x	as long as short
Lighter NEAR	+0.0712%	1h	4.0889	+0.342%	$15.1M	$22.4M	15x	as long as short
Backpack NEAR_USDC_PERPshort	+0.0769%	1h	4.0885	+0.331%	$1.4M	$5.8M	20x
Hyperliquid NEAR	+0.1027%	1h	4.0894	+0.353%	$344.4M	$301.0M	10x	as long as short
Aftermath Perps NEARUSD	+0.1078%	1h	4.0888	+0.338%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1121%	8h	4.1040	+0.712%	$445K	$3.8M	75x	as long as short