Funding you earn now, next payment 03:00 UTC−0.0449%/8h= −49.1% APRnext payment −$0.56 per $10,000 · paid last 24h −0.222%
Price spread now: Aevo against Backpack−0.785%46s7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1061.060% of the position
Funding, last 7 days−0.376%−$38 on $10k
+Price spread, last 4 days (all we have)+1.849%+$185 · spread now −0.785%, 7d avg −0.063%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Aevo is 0.721% cheaper against Backpack than usual: you would sell low and buy high (−$72 if the spread goes back to its 7-day average of −0.063%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack NEAR_USDC_PERP | 4.4817 | 0.0553 | pay 0.0069% / 1h | 6m 14s | $1.4M | $6.7M | 20x |
| Short | Aevo NEAR-PERP | 4.4465 | 0.0104 | get 0.0013% / 1h | 6m 14s | $207K | $40K | 3x |
Backpack NEAR_USDC_PERP
Aevo NEAR-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Backpack. 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
- −$94.26
- Price spread: −0.785% → −0.063%
- −$72.14
- Slippage, 4 orders
- −$79.99
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$272.39
- Costs to cover
- 1.060%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 3 min ago; Aevo: live order book, 58 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 Backpack live order book, 3 min ago | 2.65 bp | 9.8 bp −$10 | 20.0 bp −$200 | doesn't fit | doesn't fit |
| Sell Aevo live order book, 58 min ago | 10.31 bp | 44.4 bp −$44 | doesn't fit | 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 | 4.4497 | −0.714% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0016% | 1h | 4.4511 | −0.683% | $2.2M | $15.4M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4569 | −0.554% | $110K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4675 | −0.317% | $561K | $21.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4504 | −0.698% | $167K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.602% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4620 | −0.440% | $112K | $513K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.4641 | −0.392% | $426K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4552 | −0.592% | $273.4M | $1.11B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4669 | −0.330% | $224.6M | $427.9M | 75x | 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
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 | 4.4680 | −0.306% | $63.7M | $305.4M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5467 | +1.449% | $259K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4529 | −0.643% | $32.3M | $65.1M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4590 | −0.507% | $78.3M | $149.2M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4580 | −0.529% | $55.1M | $45.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4453 | −0.812% | $73.2M | $130.6M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.4520 | −0.663% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.5696 | +1.962% | $8.8M | $18.3M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.5326 | +1.136% | $272K | $976K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.5311 | +1.102% | $1.5M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.5320 | +1.122% | $174K | $797K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4627 | −0.424% | $247K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4441 | −0.839% | $57K | $237K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4530 | −0.640% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4502 | −0.703% | $8K | $53K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4550 | −0.596% | $460K | $4.1M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4540 | −0.618% | $3.8M | $8.4M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4630 | −0.417% | $32K | $608 | 10x | as long as short |
| Aevo NEAR-PERPshort | +0.0104% | 1h | 4.4465 | −0.785% | $207K | $40K | 3x | |
| Extended NEAR-USD | +0.0192% | 1h | 4.4438 | −0.845% | $4.1M | $19.4M | 25x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4890 | +0.163% | $14.2M | $33.7M | 75x | as long as short |
| Aster NEARUSDT | +0.0295% | 8h | 4.4561 | −0.572% | $3.1M | $5.5M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0353% / S −0.0238% | 1h | 4.4537 | −0.624% | $265K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0384% | 1h | 4.4703 | −0.254% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0410% | 1h | 4.4730 | −0.194% | $216K | $1.8M | 10x | as long as short |
| Nado NEAR-PERP | +0.0467% | 1h | 4.4521 | −0.660% | $1.9M | $3.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERPlong | +0.0553% | 1h | 4.4817 | long leg | $1.4M | $6.7M | 20x | |
| Deribit NEAR_USDC-PERPETUAL | +0.0583% | 1h | 4.4449 | −0.821% | $1.9M | $4.5M | 25x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0691% | 1h | 4.4572 | −0.547% | $8.3M | $41.3M | 50x | as long as short |
| Lighter RH NEAR | +0.0696% | 1h | 4.4616 | −0.448% | $1.6M | $7.2M | 10x | as long as short |
| Hyperliquid NEAR | +0.0784% | 1h | 4.4573 | −0.544% | $371.4M | $324.3M | 10x | as long as short |
| Phoenix NEAR | +0.0855% | 1h | 4.5453 | +1.419% | $1.9M | $2.7M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0924% | 1h | 4.4704 | −0.253% | $571K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.1120% | 1h | 4.4575 | −0.540% | $17.9M | $27.1M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1638% | 1h | 4.5215 | +0.889% | $6K | $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-USDC
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
BloFin NEAR-USDT
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Arcus NEAR-USD
Nado NEAR-PERP
Deribit NEAR_USDC-PERPETUAL
Kraken Futures PF_NEARUSD
Lighter RH NEAR
Hyperliquid NEAR
Phoenix NEAR
RISEx NEAR/USDC
Lighter NEAR
Aftermath Perps NEARUSD