NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0562%/8h= +61.6% APRnext payment +$0.70 per $10,000 · paid last 24h +0.262%

Price spread now: Backpack against Coinbase International+0.142%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs+$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$420.419% of the position

Long on Coinbase International Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.589%+$59 on $10k

Price spread, last 3 days (all we have)−0.236%−$24 · spread now +0.142%, 7d avg +0.089%

Together, before fees+0.353%+$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Backpack is 0.053% dearer against Coinbase International than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NEAR-PERP-INTX	4.3062	−0.0096	get 0.0012% / 1h	17m 06s	$2.3M	$13.2M	50x
Short	Backpack NEAR_USDC_PERP	4.3123	0.0466	get 0.0058% / 1h	17m 06s	$1.3M	$5.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Coinbase International. 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 Coinbase InternationalbpFee BackpackbpOrdersPrice spread, now +0.142%Rate

Funding earned: $118.09
Price spread: +0.142% → +0.089%: $5.3
Slippage, 4 orders: −$21.85
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $81.53
Costs to cover: 0.419%
Break-even: 2.2 days

Slippage from Coinbase International: live order book, 2 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 Coinbase International live order book, 2 min ago	4.30 bp	12.8 bp −$13	21.9 bp −$219	559.9 bp −$56.0K	doesn't fit
Sell Backpack live order book, 2 min ago	1.28 bp	6.8 bp −$7	18.4 bp −$184	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	4.3023	−0.091%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.3057	−0.012%	$7.3M	$37.4M	50x	as long as short
Coinbase International NEAR-PERP-INTXlong	−0.0096%	1h	4.3062	long leg	$2.3M	$13.2M	50x
Phemex NEARUSDT	−0.0059%	8h	4.3060	−0.005%	$3.8M	$8.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3088	+0.061%	$112K	$64K	10x	as long as short
01 Exchange NEARUSD	0.0000%	1h	4.3052	−0.023%	$13K	$7K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3130	+0.158%	$339K	$19.5M	2.2x	as long as short
Variational Omni NEAR	+0.0003%	8h	4.2948	−0.265%	$8.1M	$18.9M	—	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3048	−0.033%	$204K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.836%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3080	+0.042%	$115K	$489K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3070	+0.019%	$57K	$186K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.3126	+0.149%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3091	+0.067%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3096	+0.078%	$398K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3082	+0.047%	$256.5M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3070	+0.019%	$218.7M	$418.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3030	−0.074%	$61.0M	$281.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3140	+0.181%	$198K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3083	+0.050%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3064	+0.005%	$31.0M	$60.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3070	+0.019%	$76.9M	$141.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3080	+0.042%	$56.2M	$42.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3078	+0.037%	$71.5M	$125.0M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3080	+0.042%	—	$142.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3013	−0.114%	$256K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2988	−0.173%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2990	−0.167%	$180K	$781K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3075	+0.030%	$193K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3100	+0.088%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3060	−0.005%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3210	+0.344%	$456K	$3.7M	75x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3033	−0.068%	$3.8M	$17.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3056	−0.014%	$200K	$28K	3x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0145%	1h	4.3085	+0.053%	$1.9M	$3.8M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3080	+0.042%	$13.0M	$27.9M	75x	as long as short
Hyperliquid NEAR	+0.0260%	1h	4.3165	+0.239%	$365.6M	$304.4M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0374% / S −0.0307%	1h	4.3040	−0.050%	$274K	—	100x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3096	+0.079%	$403K	$1.2M	10x	as long as short
Nado NEAR-PERP	+0.0442%	1h	4.3068	+0.013%	$1.9M	$3.2M	10x	as long as short
Lighter RH NEAR	+0.0456%	1h	4.3130	+0.158%	$1.6M	$7.0M	10x	as long as short
Backpack NEAR_USDC_PERPshort	+0.0466%	1h	4.3123	+0.142%	$1.3M	$5.9M	20x
Phoenix NEAR	+0.0499%	1h	4.3153	+0.211%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1485%	1h	4.3101	+0.090%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1864%	1h	4.3171	+0.252%	$17.3M	$24.6M	15x	as long as short