NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0439%/8h= +48.1% APRnext payment +$0.55 per $10,000 · paid last 24h +0.213%

Price spread now: Backpack against Popdex+0.354%7-day average +0.064% · 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−$3as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Popdex Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.298%+$30 on $10k

Price spread, last 4 days (all we have)−0.221%−$22 · spread now +0.354%, 7d avg +0.064%

Together, before fees+0.076%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Backpack is 0.290% dearer against Popdex than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex NEARUSDT	4.2350	0.0096	pay 0.0012% / 1h	9m 44s	$103K	$489K	50x
Short	Backpack NEAR_USDC_PERP	4.2500	0.0535	get 0.0067% / 1h	9m 44s	$1.3M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Popdex. 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 PopdexbpFee BackpackbpOrdersPrice spread, now +0.354%Rate

Funding earned: $92.26
Price spread: +0.354% → +0.064%: $28.98
Slippage, 4 orders: −$15.42
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Backpack: 5 bp × 2 orders: −$10
Net: $89.42
Costs to cover: 0.318%
Break-even: 0.2 days

Slippage from Popdex: live order book, 9 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 Popdex live order book, 9 min ago	2.37 bp	8.6 bp −$9	43.6 bp −$436	doesn't fit	doesn't fit
Sell Backpack live order book, 4 min ago	0.71 bp	7.8 bp −$8	15.1 bp −$151	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	4.2310	−0.095%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.2326	−0.057%	$2.2M	$12.8M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−2.220%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2471	+0.286%	$111K	$59K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2342	−0.019%	$467K	$18.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2422	+0.170%	$205K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0048%	1h	4.2447	+0.230%	$7.8M	$36.2M	50x	as long as short
Popdex NEARUSDTlong	+0.0096%	1h	4.2350	long leg	$103K	$489K	50x
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2525	+0.414%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2528	+0.421%	$3.0M	$5.6M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.2484	+0.317%	$395K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2481	+0.310%	$245.4M	$1.06B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2521	+0.404%	$218.3M	$419.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2530	+0.425%	$59.2M	$279.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2540	+0.449%	$207K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2317	−0.078%	$241K	$2K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2459	+0.257%	$30.3M	$58.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2540	+0.449%	$83.6M	$144.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2490	+0.331%	$55.8M	$43.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2525	+0.413%	$70.5M	$124.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2450	+0.236%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2299	−0.120%	$7.9M	$17.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2119	−0.546%	$246K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2168	−0.430%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2150	−0.472%	$176K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2411	+0.144%	$224K	$3.2M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2427	+0.182%	$56K	$194K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2470	+0.283%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2415	+0.153%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2400	+0.118%	$3.9M	$8.1M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2415	+0.152%	$3.9M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2412	+0.147%	$204K	$62K	3x	as long as short
01 Exchange NEARUSD	+0.0136%	1h	4.2382	+0.076%	$12K	$7K	10x	as long as short
Lighter RH NEAR	+0.0152%	1h	4.2534	+0.434%	$1.5M	$7.0M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2270	−0.189%	$12.4M	$32.0M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0316%	1h	4.2452	+0.241%	$1.9M	$2.2M	25x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.2371	+0.050%	$411K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0387% / S −0.0332%	1h	4.2418	+0.161%	$288K	—	100x	as long as short
Nado NEAR-PERP	+0.0490%	1h	4.2327	−0.055%	$1.9M	$3.5M	10x	as long as short
Backpack NEAR_USDC_PERPshort	+0.0535%	1h	4.2500	+0.354%	$1.3M	$5.5M	20x
Phoenix NEAR	+0.0542%	1h	4.2316	−0.080%	$1.8M	$2.7M	10x	as long as short
Hyperliquid NEAR	+0.0566%	1h	4.2573	+0.527%	$364.3M	$293.6M	10x	as long as short
HTX NEAR-USDT	+0.0932%	8h	4.2510	+0.378%	$457K	$3.5M	75x	as long as short
Lighter NEAR	+0.0992%	1h	4.2572	+0.525%	$16.4M	$23.8M	15x	as long as short
Aftermath Perps NEARUSD	+0.0995%	1h	4.2242	−0.256%	$5K	$11K	10x	as long as short