Funding you earn now, next payment 11:00 UTC−0.0561%/8h= −61.5% APRnext payment −$0.70 per $10,000 · paid last 24h −0.126%
Price spread now: Backpack against Aftermath Perps−0.092%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Backpack is 0.092% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aftermath Perps NEARUSD | 4.5015 | 0.1183 | pay 0.0148% / 1h | 56m 39s | $6K | $6K | 10x |
| Short | Backpack NEAR_USDC_PERP | 4.4973 | 0.0621 | get 0.0078% / 1h | 56m 39s | $1.1M | $7.0M | 20x |
Aftermath Perps NEARUSD
Backpack NEAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aftermath Perps. 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
- −$117.9
- Price spread: −0.092% → 0.000%
- −$9.25
- Slippage, 4 orders
- no order book: not counted
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$146.15
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; Backpack: live order book, 1 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 Aftermath Perps no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 1 min ago | 1.22 bp | 6.2 bp −$6 | 14.7 bp −$147 | doesn't fit | doesn't fit |
Aftermath Perps: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0235% | 1h | 4.4928 | −0.193% | $7.4M | $37.1M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.4929 | −0.190% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4956 | −0.131% | $110K | $53K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4918 | −0.215% | $789K | $26.2M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4937 | −0.172% | $168K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −8.008% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4970 | −0.099% | $124K | $508K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.4918 | −0.214% | $2.6M | $4.7M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4926 | −0.197% | $273.0M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4899 | −0.257% | $232.2M | $428.6M | 75x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDTShow all 45 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4880 | −0.299% | $64.2M | $298.9M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4950 | −0.144% | $268K | $12K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4872 | −0.317% | $39.9M | $61.5M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4910 | −0.232% | $77.2M | $166.5M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4940 | −0.166% | $53.3M | $44.3M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4855 | −0.355% | $74.4M | $127.5M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4900 | −0.255% | — | $77.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.5024 | +0.022% | $8.9M | $17.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.5026 | +0.025% | $266K | $871K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.5100 | +0.190% | $1.5M | $1.7M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.5130 | +0.256% | $168K | $825K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4979 | −0.079% | $281K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4978 | −0.081% | $58K | $269K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.5030 | +0.034% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4955 | −0.132% | $5K | $40K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4980 | −0.077% | $466K | $3.8M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4970 | −0.099% | $3.4M | $7.9M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4893 | −0.269% | $32K | $51 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4855 | −0.354% | $3.8M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4937 | −0.173% | $209K | $38K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4990 | −0.055% | $12.9M | $32.7M | 75x | as long as short |
| Nado NEAR-PERP | +0.0246% | 1h | 4.4940 | −0.166% | $1.7M | $3.1M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0288% | 1h | 4.4989 | −0.057% | $13K | $5K | 10x | as long as short |
| Lighter NEAR | +0.0320% | 1h | 4.4960 | −0.122% | $17.6M | $23.2M | 15x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0341% / S −0.0226% | 1h | 4.4947 | −0.150% | $263K | — | 100x | as long as short |
| Arcus NEAR-USD | +0.0343% | 1h | 4.4900 | −0.255% | $227K | $1.4M | 10x | as long as short |
| Hyperliquid NEAR | +0.0382% | 1h | 4.4967 | −0.106% | $362.6M | $318.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0424% | 1h | 4.4970 | −0.099% | $1.6M | $5.7M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0489% | 1h | 4.4884 | −0.291% | $637K | $1.6M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0504% | 1h | 4.5035 | +0.045% | $2.3M | $17.7M | 50x | as long as short |
| Backpack NEAR_USDC_PERPshort | +0.0621% | 1h | 4.4973 | −0.092% | $1.1M | $7.0M | 20x | |
| Deribit NEAR_USDC-PERPETUAL | +0.0751% | 1h | 4.4978 | −0.081% | $1.9M | $13.0M | 25x | as long as short |
| Phoenix NEAR | +0.0851% | 1h | 4.5045 | +0.067% | $1.7M | $2.7M | 10x | as long as short |
| Pacifica NEAR | +0.0851% | 1h | 4.4928 | −0.191% | $422K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSDlong | +0.1183% | 1h | 4.5015 | long leg | $6K | $6K | 10x |
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
Extended NEAR-USD
Aevo NEAR-PERP
BloFin NEAR-USDT
Nado NEAR-PERP
01 Exchange NEARUSD
Lighter NEAR
GMX NEAR/USD [ETH-USDC]
Arcus NEAR-USD
Hyperliquid NEAR
Lighter RH NEAR
RISEx NEAR/USDC
Coinbase International NEAR-PERP-INTX
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Pacifica NEAR