Funding you earn now, next payment 22:00 UTC+0.0709%/8h= +77.7% APRpaid last 24h +0.207%
Price spread now: Backpack against SunX+0.363%7-day average −0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1571.572% of the position
Funding, last 7 days+0.344%+$34 on $10k
+Price spread, last 3 days (all we have)−0.925%−$92 · spread now +0.363%, 7d avg −0.075%
=Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Backpack is 0.438% dearer against SunX than usual: you sell high and buy low: +$44 more if the spread goes back to its 7-day average of −0.075%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.344% in total (about 17.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX NEAR-USDT | 4.1310 | 0.0100 | pay 0.0100% / 8h | 2h 38m | $2K | $1.4M | 20x |
| Short | Backpack NEAR_USDC_PERP | 4.1460 | 0.0809 | get 0.0101% / 1h | 38m 02s | $1.4M | $5.7M | 20x |
SunX NEAR-USDT
Backpack NEAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against SunX. 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
- $148.94
- Price spread: +0.363% → −0.075%
- $43.8
- Slippage, 4 orders
- −$139.19
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $35.56
- Costs to cover
- 1.572%
- Break-even
- 5.3 days
Slippage from SunX: live order book, 7 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 SunX live order book, 7 min ago | 31.58 bp | 54.4 bp −$54 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 1 min ago | 2.17 bp | 9.4 bp −$9 | 19.5 bp −$195 | 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 | 4.1294 | −0.038% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0024% | 1h | 4.1338 | +0.068% | $2.1M | $12.7M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1297 | −0.030% | $104K | $54K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1337 | +0.065% | $411K | $19.1M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1396 | +0.209% | $205K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.0730 | −1.404% | $569 | $239K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1250 | −0.145% | $107K | $489K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1275 | −0.084% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1379 | +0.166% | $2.9M | $5.9M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1295 | −0.035% | $365K | $1.2M | 10x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEARShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance NEARUSDT | +0.0100% | 8h | 4.1407 | +0.234% | $235.8M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1377 | +0.162% | $211.1M | $427.8M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1390 | +0.194% | $56.5M | $277.5M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1240 | −0.170% | $235K | $6K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1406 | +0.232% | $29.6M | $58.0M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1410 | +0.242% | $79.8M | $142.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1440 | +0.315% | $56.3M | $45.1M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1390 | +0.194% | $68.9M | $127.8M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.1400 | +0.218% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1205 | −0.254% | $7.5M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1188 | −0.296% | $234K | $1.3M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1160 | −0.363% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1200 | −0.266% | $182K | $790K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1310 | 0.000% | $204K | $3.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.1385 | +0.182% | $53K | $159K | 20x | as long as short |
| SunX NEAR-USDTlong | +0.0100% | 8h | 4.1310 | long leg | $2K | $1.4M | 20x | |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1370 | +0.145% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1360 | +0.121% | $3.8M | $8.4M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1383 | +0.176% | $3.6M | $14.5M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1365 | +0.133% | $200K | $65K | 3x | as long as short |
| Arcus NEAR-USD | +0.0118% | 1h | 4.1290 | −0.048% | $306K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0150% | 1h | 4.1394 | +0.202% | $7.1M | $36.6M | 50x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0209% | 1h | 4.1411 | +0.244% | $1.8M | $2.1M | 25x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1310 | 0.000% | $12.1M | $33.5M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0280% | 1h | 4.1279 | −0.075% | $12K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0351% | 1h | 4.1265 | −0.109% | $1.8M | $3.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0352% | 1h | 4.1434 | +0.300% | $1.4M | $7.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0373% / S −0.0317% | 1h | 4.1392 | +0.198% | $272K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.1280 | −0.072% | $415K | $1.2M | 10x | as long as short |
| Phoenix NEAR | +0.0582% | 1h | 4.1355 | +0.109% | $1.7M | $2.8M | 10x | as long as short |
| Backpack NEAR_USDC_PERPshort | +0.0809% | 1h | 4.1460 | +0.363% | $1.4M | $5.7M | 20x | |
| Lighter NEAR | +0.0888% | 1h | 4.1468 | +0.382% | $15.4M | $22.6M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1046% | 1h | 4.1220 | −0.219% | $5K | $11K | 10x | as long as short |
| Hyperliquid NEAR | +0.1102% | 1h | 4.1472 | +0.392% | $349.2M | $300.6M | 10x | as long as short |
| HTX NEAR-USDT | +0.1131% | 8h | 4.1410 | +0.242% | $448K | $3.8M | 75x | as long as short |
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
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
Orderly PERP_NEAR_USDC
SoDEX NEAR-USD
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Arcus NEAR-USD
Kraken Futures PF_NEARUSD
Deribit NEAR_USDC-PERPETUAL
BloFin NEAR-USDT
01 Exchange NEARUSD
Nado NEAR-PERP
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Phoenix NEAR
Lighter NEAR
Aftermath Perps NEARUSD
Hyperliquid NEAR
HTX NEAR-USDT