NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0599%/8h= +65.6% APRnext payment +$0.75 per $10,000 · paid last 24h +0.237%

Price spread now: Backpack against gTrade (Gains Network)+0.010%77s7-day average +0.076% · 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—prices read too far apart to compare

costs, in and out, $10k−$2902.903% of the position

Long on gTrade (Gains Network)Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.431%+$43 on $10k

Price spread, last 4 days (all we have)−0.972%−$97 · spread now +0.010%, 7d avg +0.076%

Together, before fees−0.541%−$54 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.066% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.010% now, against its 7-day average of +0.076%). If the spread goes back, that is −$7 on $10k: about 9 hours of funding at the current rate (+$18 a day). The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) NEAR/USD	4.4881	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	9m 49s	$168K	—	150x
Short	Backpack NEAR_USDC_PERP	4.4885	0.0603	get 0.0075% / 1h	9m 49s	$1.1M	$7.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BackpackbpOrdersPrice spread, now +0.010%Rate

Funding earned: $125.72
Price spread: +0.010% → +0.076%: −$6.6
Slippage, 4 orders: −$270.31
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$171.18
Costs to cover: 2.903%
Break-even: 16.5 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 24 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 24 min ago	130.01 bp	135.0 bp −$135	875.9 bp −$8,759	9405.5 bp −$940.5K	doesn't fit
Sell Backpack live order book, 4 min ago	1.67 bp	6.7 bp −$7	17.7 bp −$177	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
Kraken Futures PF_NEARUSD	−0.0421%	1h	4.4817	−0.142%	$7.4M	$38.5M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4875	−0.011%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4850	−0.068%	$109K	$53K	10x	as long as short
gTrade (Gains Network) NEAR/USDlong	L +0.0004% / S −0.0006%	1h	4.4881	long leg	$168K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.733%	$578	$301K	12x	as long as short
Phemex NEARUSDT	+0.0068%	8h	4.4830	−0.113%	$3.6M	$7.7M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4890	+0.021%	$116K	$509K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.4910	+0.066%	$2.7M	$4.6M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4929	+0.109%	$271.6M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4975	+0.211%	$229.3M	$427.2M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4950	+0.155%	$63.1M	$304.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.4920	+0.088%	$234K	$1.4M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4894	+0.030%	$38.3M	$63.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4890	+0.021%	$89.2M	$163.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4880	−0.001%	$53.1M	$45.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4945	+0.144%	$74.2M	$127.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4950	+0.155%	—	$82.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4878	−0.006%	$9.4M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4718	−0.362%	$259K	$896K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4710	−0.380%	$1.5M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4750	−0.291%	$168K	$826K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4835	−0.101%	$280K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4833	−0.106%	$57K	$239K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4890	+0.021%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4835	−0.101%	$5K	$49K	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4787	−0.208%	$258K	$3K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4842	−0.087%	$32K	$413	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4858	−0.050%	$3.7M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4830	−0.114%	$208K	$38K	3x	as long as short
Kalshi KXNEARPERP	+0.0133%	8h	4.4858	−0.050%	$932K	$25.4M	2.2x	as long as short
Nado NEAR-PERP	+0.0220%	1h	4.4832	−0.108%	$1.7M	$3.2M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4930	+0.110%	$12.7M	$33.1M	75x	as long as short
01 Exchange NEARUSD	+0.0352%	1h	4.4932	+0.115%	$13K	$6K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0360% / S −0.0262%	1h	4.4804	−0.171%	$263K	—	100x	as long as short
Hyperliquid NEAR	+0.0416%	1h	4.5023	+0.318%	$365.8M	$316.6M	10x	as long as short
HTX NEAR-USDT	+0.0465%	8h	4.4900	+0.043%	$472K	$3.7M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.4924	+0.097%	$2.3M	$17.7M	50x	as long as short
Lighter NEAR	+0.0504%	1h	4.5012	+0.293%	$17.7M	$24.1M	15x	as long as short
Lighter RH NEAR	+0.0504%	1h	4.4890	+0.021%	$1.6M	$6.5M	10x	as long as short
Backpack NEAR_USDC_PERPshort	+0.0603%	1h	4.4885	+0.010%	$1.1M	$7.1M	20x
RISEx NEAR/USDC	+0.0656%	1h	4.4909	+0.064%	$618K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.4851	−0.065%	$422K	$1.4M	10x	as long as short
Phoenix NEAR	+0.0740%	1h	4.4790	−0.202%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1147%	1h	4.4715	−0.369%	$6K	$7K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1156%	1h	4.4868	−0.028%	$1.9M	$13.1M	25x	as long as short