Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 4.9121 | −0.0157 | get 0.0020% / 1h | 28m 23s | $62K | $158K | 20x | Long Bullet | |
| SHORT | 4.9228 | +0.0132 | get 0.0016% / 1h | 28m 23s | $1.3M | $2.6M | 20x | Short Backpack |
Price gap+0.218%
Funding gap+0.0288% /8h
Both sides work: funding pays +$9 a day on $10k, and the gap is 0.118% above its 7d average: +$12 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$75+0.0288% /8h now · paid +0.749% over the last 6 days (all we have)
Price+$12spread +0.218% now, avg +0.100% → +0.118% if it goes back
Costs−$250.253% of $10k · taker + slippage, in and out
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Backpack price against Bulletnow
RANGE STATS · 7D
Now+0.218%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hNEAR on 44 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Large against open interest5.9 / 6.6 bp$10k is over 10% of Bullet’s open interest.
- Note: Margin at max leverage$500 + $500Bullet 20x, Backpack 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$8.65Long Bullet: 24 payments, +$4.70; short Backpack: 24 payments, +$3.95.
- OK: Entry gap works for you+0.218% vs +0.100%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$62K vs $1.3M OIBullet sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBullet No · Backpack YesKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0423%/8h × 21 periods+$88.91
Price spread+0.218% → +0.100% (7d avg)+$11.83
Slippage, 4 orderslive order books−$7.34
Fee Bullet bp × 2 orders−$8.00
Fee Backpack bp × 2 orders−$10.00
Net · 7 days · $10k+$75.40
Costs to cover0.253%Break-even1.1 days
Slippage: Bullet: live order book, 6 min ago; Backpack: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBullet1.525.9 bp−$611.5 bp−$115doesn’t fitdoesn’t fit
SELL · SHORTBackpack1.636.6 bp−$714.6 bp−$146doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-30 02:45 | MEXC | Other | Not NEAR anymore. It’s here. 👀 $NRR is officially trading on NYSE Arca. Continuation or sell the news? 🤔 @MEXC on X ↗ |
| 09-30 01:05 | Reya | Listing | NEARRUSDPERP no longer reported ($NEAR) seen by our collector |
| 09-29 11:00 | Bulk | Listing | NEAR-USD no longer reported ($NEAR) seen by our collector |
| 09-28 18:50 | Aevo | Other | bitcoin:native is back near $83k after trading above $86k last week. Whether you trade the continuation or pullback, all options and this week’s Perp Majors count toward the volume requirement for our year-end reward. This week’s Perp Majors include: BTC, ETH, SOL, ZEC, NEAR, HYPE, LIT, SPY, QQQ, HOOD, SNDK, MU, NVDA, TSLA, GOOGL. @aevoxyz on X ↗ |
| 09-28 14:46 | RISEx | Other | This week on RISEx Market Desk: Macro: A third central bank joins the hiking cycle, and Friday delivers the first jobs report since the Fed’s pivot Crypto: Solana’s biggest upgrade yet goes live, NEAR ETF clears key hurdles, and Zcash pulls off a 3-for-1 split. Equities: One trade, three tickers - Micron ($MU) reports after the close, with potential spillover to $SKHYNIX, $DRAM, and $SNDK Watching Friday closely. Trade well @risextrade on X ↗ |
| 09-28 03:00 | MEXC | Other | NEAR enough to get interesting. 👀 ETF access is getting closer. Momentum holds or cools off? @MEXC on X ↗ |


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