Funding you earn now, next payment 01:00 UTC+0.0361%/8h= +39.5% APRnext payment +$0.45 per $10,000 · paid last 24h +0.216%
Price spread now: Backpack against Extended−0.148%7-day average +0.861% · you buy dearer than you sell
Net, funding: paid 7d − costs+$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$250.253% of the position
Funding, last 7 days+0.382%+$38 on $10k
+Price spread, last 7 days−0.853%−$85 · spread now −0.148%, 7d avg +0.861%
=Together, before fees−0.471%+ Points / potential airdropExtended: Active · farm board−$47 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 1.010% cheaper against Extended than usual: you would sell low and buy high (spread −0.148% now, against its 7-day average of +0.861%). If the spread goes back, that is −$101 on $10k: about 9.3 days of funding at the current rate (+$11 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended NEAR-USD | 4.3232 | 0.0104 | pay 0.0013% / 1h | 15m 47s | $3.8M | $17.4M | 25x |
| Short | Backpack NEAR_USDC_PERP | 4.3168 | 0.0465 | get 0.0058% / 1h | 15m 47s | $1.3M | $5.9M | 20x |
Extended NEAR-USD
Backpack NEAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Extended. 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
- $75.74
- Price spread: −0.148% → +0.861%
- −$100.95
- Slippage, 4 orders
- −$10.28
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$50.49
- Costs to cover
- 0.253%
- Break-even
- 11.7 days
Slippage from Extended: live order book, 3 min ago; Backpack: live order book, 3 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 Extended live order book, 3 min ago | 0.46 bp | 4.7 bp −$5 | 13.7 bp −$137 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 3 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 | 4.3036 | −0.453% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0131% | 1h | 4.3093 | −0.322% | $7.3M | $37.4M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0096% | 1h | 4.2992 | −0.555% | $2.2M | $13.2M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2997 | −0.544% | $111K | $64K | 10x | as long as short |
| 01 Exchange NEARUSD | 0.0000% | 1h | 4.3072 | −0.370% | $13K | $7K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3055 | −0.410% | $348K | $19.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3061 | −0.395% | $204K | — | 150x | as long as short |
| Variational Omni NEAR | +0.0005% | 8h | 4.3018 | −0.494% | $8.2M | $18.9M | — | as long as short |
| Phemex NEARUSDT | +0.0017% | 8h | 4.3050 | −0.421% | $3.8M | $8.5M | 50x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.215% | $578 | $302K | 12x | as long as short |
Reya NEARRUSDPERP
Kraken Futures PF_NEARUSD
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
01 Exchange NEARUSD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Variational Omni NEAR
Phemex NEARUSDT
Injective NEAR/USDC PERPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex NEARUSDT | +0.0096% | 1h | 4.3030 | −0.467% | $115K | $489K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0098% | 8h | 4.3106 | −0.292% | $57K | $186K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0099% | 8h | 4.3042 | −0.439% | $31K | $608 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3187 | −0.105% | $3.0M | $5.8M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3022 | −0.487% | $397K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3290 | +0.134% | $257.7M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3280 | +0.111% | $219.7M | $417.9M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3280 | +0.111% | $61.2M | $282.9M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3080 | −0.352% | $197K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3083 | −0.344% | $245K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3276 | +0.102% | $31.1M | $60.5M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3270 | +0.088% | $77.0M | $141.4M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3310 | +0.180% | $56.5M | $43.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3288 | +0.129% | $71.9M | $124.9M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3280 | +0.111% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3013 | −0.507% | $256K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2988 | −0.566% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.2990 | −0.560% | $180K | $781K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3061 | −0.396% | $194K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3140 | −0.213% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3095 | −0.317% | $5K | $52K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3150 | −0.190% | $453K | $3.7M | 75x | as long as short |
| Extended NEAR-USDlong | +0.0104% | 1h | 4.3232 | long leg | $3.8M | $17.4M | 25x | |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3095 | −0.317% | $201K | $31K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3080 | −0.352% | $13.0M | $27.9M | 75x | as long as short |
| Hyperliquid NEAR | +0.0287% | 1h | 4.3361 | +0.298% | $367.9M | $304.8M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0353% | 1h | 4.3116 | −0.269% | $1.9M | $3.8M | 25x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0374% / S −0.0307% | 1h | 4.3068 | −0.380% | $274K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0428% | 1h | 4.3073 | −0.367% | $403K | $1.2M | 10x | as long as short |
| Nado NEAR-PERP | +0.0446% | 1h | 4.3053 | −0.413% | $1.9M | $3.2M | 10x | as long as short |
| Lighter RH NEAR | +0.0456% | 1h | 4.3155 | −0.178% | $1.6M | $7.0M | 10x | as long as short |
| Backpack NEAR_USDC_PERPshort | +0.0465% | 1h | 4.3168 | −0.148% | $1.3M | $5.9M | 20x | |
| Phoenix NEAR | +0.0499% | 1h | 4.3153 | −0.183% | $1.8M | $2.7M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1496% | 1h | 4.3105 | −0.295% | $5K | $12K | 10x | as long as short |
| Lighter NEAR | +0.1864% | 1h | 4.3199 | −0.077% | $17.3M | $24.6M | 15x | as long as short |
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
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
Aevo NEAR-PERP
BloFin NEAR-USDT
Hyperliquid NEAR
Deribit NEAR_USDC-PERPETUAL
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Nado NEAR-PERP
Lighter RH NEAR
Phoenix NEAR
Aftermath Perps NEARUSD
Lighter NEAR