Funding you earn now, next payment 04:00 UTC+0.0442%/8h= +48.4% APRnext payment +$0.55 per $10,000 · paid last 24h +0.305%
Price spread now: Backpack against Reya+0.052%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Backpack is 0.052% dearer against Reya than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya NEARRUSDPERP | 4.4057 | −0.0171 | get 0.0021% / 1h | 25m 01s | $2K | — | 20x |
| Short | Backpack NEAR_USDC_PERP | 4.4080 | 0.0271 | get 0.0034% / 1h | 25m 01s | $1.3M | $6.5M | 20x |
Reya NEARRUSDPERP
Backpack NEAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Reya. 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
- $92.85
- Price spread: +0.052% → 0.000%
- $5.15
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $82
- Costs to cover
- 0.160%
- Break-even
- 0.8 days
Slippage unknown: Reya: no order-book sample; Backpack: live order book, 4 min ago. Net counts fees only.
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 Reya no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 4 min ago | 2.51 bp | 8.4 bp −$8 | 17.3 bp −$173 | doesn't fit | doesn't fit |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 NEARRUSDPERPlong | −0.0171% | 1h | 4.4057 | long leg | $2K | — | 20x | |
| Coinbase International NEAR-PERP-INTX | −0.0008% | 1h | 4.3839 | −0.495% | $2.3M | $15.3M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3915 | −0.324% | $108K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3925 | −0.300% | $580K | $22.0M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4028 | −0.065% | $165K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.009% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4030 | −0.062% | $113K | $516K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3933 | −0.281% | $420K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4110 | +0.120% | $270.8M | $1.11B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4036 | −0.048% | $221.3M | $424.2M | 75x | as long as short |
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4040 | −0.039% | $62.6M | $299.1M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3987 | −0.159% | $251K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4027 | −0.069% | $32.0M | $63.8M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4100 | +0.097% | $74.3M | $149.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4050 | −0.017% | $54.7M | $46.1M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4051 | −0.014% | $72.4M | $130.5M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4070 | +0.029% | — | $147.8M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3777 | −0.636% | $8.5M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3892 | −0.376% | $263K | $976K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3860 | −0.448% | $1.4M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3820 | −0.539% | $168K | $801K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4079 | +0.049% | $234K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4054 | −0.007% | $56K | $227K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4200 | +0.324% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4035 | −0.051% | $8K | $52K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4110 | +0.120% | $457K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4100 | +0.097% | $3.8M | $8.4M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3875 | −0.414% | $32K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4082 | +0.057% | $205K | $40K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4040 | −0.039% | $13.9M | $32.8M | 75x | as long as short |
| Hyperliquid NEAR | +0.0244% | 1h | 4.4077 | +0.045% | $363.4M | $326.1M | 10x | as long as short |
| Backpack NEAR_USDC_PERPshort | +0.0271% | 1h | 4.4080 | +0.052% | $1.3M | $6.5M | 20x | |
| Aster NEARUSDT | +0.0291% | 8h | 4.4052 | −0.012% | $3.0M | $5.6M | 50x | as long as short |
| Extended NEAR-USD | +0.0296% | 1h | 4.4022 | −0.081% | $3.9M | $19.7M | 25x | as long as short |
| 01 Exchange NEARUSD | +0.0296% | 1h | 4.4061 | +0.008% | $13K | $7K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0320% / S −0.0191% | 1h | 4.4030 | −0.062% | $232K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0532% | 1h | 4.4045 | −0.028% | $1.9M | $3.1M | 10x | as long as short |
| Lighter RH NEAR | +0.0568% | 1h | 4.4087 | +0.067% | $1.5M | $7.2M | 10x | as long as short |
| Arcus NEAR-USD | +0.0581% | 1h | 4.4050 | −0.017% | $218K | $1.8M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0589% | 1h | 4.4069 | +0.026% | $8.1M | $39.9M | 50x | as long as short |
| Phoenix NEAR | +0.0794% | 1h | 4.3965 | −0.209% | $1.8M | $2.8M | 10x | as long as short |
| Lighter NEAR | +0.0896% | 1h | 4.4095 | +0.087% | $17.8M | $26.4M | 15x | as long as short |
| RISEx NEAR/USDC | +0.0926% | 1h | 4.4054 | −0.007% | $584K | $1.4M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1204% | 1h | 4.4087 | +0.067% | $2.0M | $7.3M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.1506% | 1h | 4.4026 | −0.070% | $5K | $12K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
BloFin NEAR-USDT
Hyperliquid NEAR
Aster NEARUSDT
Extended NEAR-USD
01 Exchange NEARUSD
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Lighter RH NEAR
Arcus NEAR-USD
Kraken Futures PF_NEARUSD
Phoenix NEAR
Lighter NEAR
RISEx NEAR/USDC
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD