NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.01 per $10,000 · paid last 24h +0.082%

Price spread now: Backpack against RISEx+0.268%7-day average +0.770% · 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−$74as in the Price arb table

costs, in and out, $10k−$230.235% of the position

Long on RISEx Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.077%−$8 on $10k

Price spread, last 7 days−1.297%−$130 · spread now +0.268%, 7d avg +0.770%

Together, before fees−1.373%−$137 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.502% cheaper against RISEx than usual: you would sell low and buy high (spread +0.268% now, against its 7-day average of +0.770%). If the spread goes back, that is −$50 on $10k: about 5 months of funding at the current rate ($0 a day). Mind the row above: over the last 3 days funding on this pair cost −0.077%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx NEAR/USDC	4.2704	0.0428	pay 0.0054% / 1h	38m 33s	$404K	$1.2M	10x
Short	Backpack NEAR_USDC_PERP	4.2819	0.0439	get 0.0055% / 1h	38m 33s	$1.3M	$5.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against RISEx. 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 RISExbpFee BackpackbpOrdersPrice spread, now +0.268%Rate

Funding earned: $2.3
Price spread: +0.268% → +0.770%: −$50.18
Slippage, 4 orders: −$7.46
Fee RISEx: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$71.34
Costs to cover: 0.235%
Break-even: 223.7 days

Slippage from RISEx: live order book, 5 min ago; Backpack: live order book, 1 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 RISEx live order book, 5 min ago	1.27 bp	4.3 bp −$4	11.5 bp −$115	doesn't fit	doesn't fit
Sell Backpack live order book, 1 min ago	1.52 bp	7.1 bp −$7	14.8 bp −$148	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	4.2611	−0.218%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.2798	+0.219%	$7.5M	$37.0M	50x	as long as short
Gate NEAR_USDT	−0.0129%	8h	4.2699	−0.013%	$30.8M	$59.0M	75x	as long as short
Bybit NEARUSDT	−0.0128%	8h	4.2614	−0.212%	$217.0M	$417.0M	75x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2770	+0.154%	$2.2M	$13.1M	50x	as long as short
01 Exchange NEARUSD	−0.0024%	1h	4.2655	−0.116%	$13K	$7K	10x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2726	+0.051%	$111K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2714	+0.023%	$430K	$18.5M	2.2x	as long as short
Variational Omni NEAR	+0.0002%	8h	4.2588	−0.272%	$7.9M	$18.7M	—	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2832	+0.298%	$203K	—	150x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.031%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2650	−0.127%	$111K	$481K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0099%	8h	4.2736	+0.073%	$31K	$647	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.2813	+0.254%	$57K	$193K	20x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2775	+0.166%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2726	+0.050%	$400K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2663	−0.096%	$253.7M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2620	−0.198%	$60.7M	$277.1M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2700	−0.010%	$196K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2709	+0.012%	$243K	−$0	10x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2700	−0.010%	$78.4M	$139.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2770	+0.154%	$56.0M	$43.0M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2642	−0.146%	$70.8M	$124.8M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2680	−0.057%	—	$141.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2724	+0.047%	$275K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2740	+0.083%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2650	−0.127%	$178K	$790K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2640	−0.151%	$191K	$3.5M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.2860	+0.364%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2779	+0.175%	$5K	$52K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2880	+0.411%	$455K	$3.6M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2790	+0.201%	$3.8M	$8.6M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2708	+0.007%	$3.8M	$17.1M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2779	+0.176%	$199K	$28K	3x	as long as short
Hyperliquid NEAR	+0.0197%	1h	4.2786	+0.191%	$362.6M	$300.2M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2790	+0.201%	$13.2M	$28.9M	75x	as long as short
Lighter RH NEAR	+0.0312%	1h	4.2765	+0.142%	$1.6M	$6.9M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0373% / S −0.0308%	1h	4.2836	+0.308%	$273K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0404%	1h	4.2839	+0.315%	$1.9M	$3.2M	25x	as long as short
RISEx NEAR/USDClong	+0.0428%	1h	4.2704	long leg	$404K	$1.2M	10x
Backpack NEAR_USDC_PERPshort	+0.0439%	1h	4.2819	+0.268%	$1.3M	$5.7M	20x
Phoenix NEAR	+0.0499%	1h	4.2790	+0.201%	$1.8M	$2.7M	10x	as long as short
Nado NEAR-PERP	+0.0510%	1h	4.2608	−0.226%	$1.9M	$3.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1272%	1h	4.2837	+0.311%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.2056%	1h	4.2869	+0.384%	$17.1M	$24.0M	15x	as long as short