Funding you earn now, next payment 23:00 UTC−0.0138%/8h= −15.1% APRnext payment −$0.17 per $10,000 · paid last 24h +0.146%
Price spread now: Backpack against Nado+0.315%7-day average +0.698% · 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−$67as in the Price arb table
costs, in and out, $10k−$290.289% of the position
Funding, last 3 days (all we have)+0.213%+$21 on $10k
+Price spread, last 7 days−1.699%−$170 · spread now +0.315%, 7d avg +0.698%
=Together, before fees−1.486%+ Points / potential airdropNado: Active · farm board−$149 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Backpack is 0.383% cheaper against Nado than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of +0.698%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.213%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado NEAR-PERP | 4.1567 | 0.0559 | pay 0.0070% / 1h | 36m 02s | $1.8M | $3.5M | 10x |
| Short | Backpack NEAR_USDC_PERP | 4.1698 | 0.0422 | get 0.0053% / 1h | 36m 02s | $1.2M | $5.7M | 20x |
Nado NEAR-PERP
Backpack NEAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Nado. 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
- −$28.88
- Price spread: +0.315% → +0.698%
- −$38.32
- Slippage, 4 orders
- −$11.88
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$96.08
- Costs to cover
- 0.289%
- Break-even
- never at this rate
Slippage from Nado: 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 Nado live order book, 3 min ago | 0.12 bp | 5.1 bp −$5 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 3 min ago | 1.20 bp | 6.6 bp −$7 | 14.0 bp −$140 | 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 | 4.1573 | +0.014% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0032% | 1h | 4.1544 | −0.056% | $2.1M | $12.6M | 50x | as long as short |
| Injective NEAR/USDC PERP | −0.0002% | 1h | 4.1410 | −0.378% | $578 | $302K | 12x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1566 | −0.003% | $108K | $58K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1526 | −0.099% | $434K | $18.4M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1634 | +0.160% | $206K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0049% | 1h | 4.1679 | +0.269% | $7.6M | $36.8M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0056% | 1h | 4.1544 | −0.056% | $12K | $7K | 10x | as long as short |
| Lighter RH NEAR | +0.0096% | 1h | 4.1695 | +0.307% | $1.4M | $6.9M | 10x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1520 | −0.114% | $111K | $482K | 50x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
Injective NEAR/USDC PERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Lighter RH NEAR
Popdex NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.1629 | +0.149% | $54K | $155K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1552 | −0.036% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1660 | +0.223% | $2.9M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1576 | +0.021% | $360K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1667 | +0.240% | $238.2M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1610 | +0.103% | $212.0M | $422.4M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1610 | +0.103% | $57.2M | $274.9M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.1540 | −0.066% | $308K | $1.6M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1500 | −0.162% | $236K | $4K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1656 | +0.214% | $29.8M | $57.3M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1640 | +0.175% | $81.9M | $141.4M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1670 | +0.247% | $55.0M | $44.4M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1645 | +0.187% | $69.2M | $125.4M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.1630 | +0.151% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1460 | −0.257% | $7.7M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1467 | −0.242% | $236K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1454 | −0.272% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1510 | −0.138% | $182K | $789K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1579 | +0.028% | $197K | $3.1M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1650 | +0.199% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1650 | +0.199% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1640 | +0.175% | $3.8M | $8.2M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1622 | +0.133% | $3.8M | $14.7M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1635 | +0.164% | $201K | $62K | 3x | as long as short |
| Lighter NEAR | +0.0136% | 1h | 4.1708 | +0.339% | $15.7M | $22.9M | 15x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1510 | −0.138% | $12.3M | $33.3M | 75x | as long as short |
| Hyperliquid NEAR | +0.0272% | 1h | 4.1697 | +0.312% | $351.0M | $297.8M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0364% | 1h | 4.1544 | −0.055% | $408K | $1.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0380% / S −0.0327% | 1h | 4.1629 | +0.149% | $280K | — | 100x | as long as short |
| Backpack NEAR_USDC_PERPshort | +0.0422% | 1h | 4.1698 | +0.315% | $1.2M | $5.7M | 20x | |
| Phoenix NEAR | +0.0542% | 1h | 4.1571 | +0.009% | $1.7M | $2.7M | 10x | as long as short |
| Nado NEAR-PERPlong | +0.0559% | 1h | 4.1567 | long leg | $1.8M | $3.5M | 10x | |
| Deribit NEAR_USDC-PERPETUAL | +0.0639% | 1h | 4.1667 | +0.240% | $1.8M | $2.1M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.0813% | 1h | 4.1525 | −0.101% | $5K | $11K | 10x | as long as short |
| HTX NEAR-USDT | +0.0989% | 8h | 4.1690 | +0.295% | $447K | $3.6M | 75x | as long as short |
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
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Lighter NEAR
BloFin NEAR-USDT
Hyperliquid NEAR
RISEx NEAR/USDC
GMX NEAR/USD [ETH-USDC]
Phoenix NEAR
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD
HTX NEAR-USDT