NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h +0.041%

Price spread now: Backpack against Hyperliquid+0.276%7-day average +0.708% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$330.331% of the position

Long on Hyperliquid Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days−1.075%−$107 · spread now +0.276%, 7d avg +0.708%

Together, before fees−1.066%+ Points / potential airdropHyperliquid: Season 2 · farm board−$107 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.432% cheaper against Hyperliquid than usual: you would sell low and buy high, −$43 on $10k if it goes back to its 7-day average of +0.708%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid NEAR	4.3844	0.0886	pay 0.0111% / 1h	10m 19s	$369.2M	$310.2M	10x
Short	Backpack NEAR_USDC_PERP	4.3965	0.0887	get 0.0111% / 1h	10m 19s	$1.5M	$6.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Hyperliquid. 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 HyperliquidbpFee BackpackbpOrdersPrice spread, now +0.276%Rate

Funding earned: $0.11
Price spread: +0.276% → +0.708%: −$43.22
Slippage, 4 orders: −$14.08
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$76.19
Costs to cover: 0.331%
Break-even: 4788.1 days

Slippage from Hyperliquid: live order book, 4 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 Hyperliquid live order book, 4 min ago	1.15 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 4 min ago	2.29 bp	11.4 bp −$11	19.9 bp −$199	doesn't fit	doesn't fit

NEAR on 44 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	4.3738	−0.241%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.3813	−0.071%	$2.2M	$14.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3658	−0.425%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3881	+0.084%	$583K	$19.9M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3739	−0.238%	$193K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.552%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0093%	8h	4.3887	+0.099%	$8.4M	$18.5M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3770	−0.169%	$113K	$491K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3742	−0.233%	$411K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3770	−0.168%	$265.2M	$1.08B	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.3720	−0.283%	$221.0M	$419.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3710	−0.306%	$62.2M	$290.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3830	−0.032%	$209K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3850	+0.014%	$250K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3741	−0.235%	$31.5M	$63.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3780	−0.146%	$76.4M	$144.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3780	−0.146%	$54.2M	$43.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3727	−0.267%	$71.8M	$126.3M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3730	−0.260%	—	$6.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3834	−0.023%	$270K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3782	−0.143%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3770	−0.169%	$199K	$776K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3799	−0.103%	$207K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3725	−0.271%	$60K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3800	−0.100%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3731	−0.258%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4030	+0.424%	$460K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3920	+0.173%	$3.9M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3702	−0.325%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3716	−0.291%	$3.8M	$18.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3765	−0.180%	$204K	$34K	3x	as long as short
Aster NEARUSDT	+0.0182%	8h	4.3738	−0.241%	$3.0M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0216%	1h	4.3723	−0.276%	$7.7M	$41.1M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0344%	1h	4.3762	−0.187%	$1.9M	$4.2M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0347% / S −0.0242%	1h	4.3737	−0.244%	$255K	—	100x	as long as short
01 Exchange NEARUSD	+0.0408%	1h	4.3797	−0.107%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0411%	1h	4.3785	−0.133%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3827	−0.038%	$548K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4005	+0.367%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0776%	1h	4.3912	+0.155%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEARlong	+0.0886%	1h	4.3844	long leg	$369.2M	$310.2M	10x
Backpack NEAR_USDC_PERPshort	+0.0887%	1h	4.3965	+0.276%	$1.5M	$6.3M	20x
Aftermath Perps NEARUSD	+0.1675%	1h	4.3907	+0.143%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1736%	1h	4.3782	−0.141%	$17.5M	$25.8M	15x	as long as short