NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0320%/8h= −35.1% APRnext payment −$0.40 per $10,000 · paid last 24h −0.209%

Price spread now: ApeX Omni against Backpack−0.450%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Backpack Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.394%−$39 on $10k

Price spread, last 4 days (all we have)+0.691%+$69 · spread now −0.450%, 7d avg +0.002%

Together, before fees+0.297%+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and ApeX Omni is 0.452% cheaper against Backpack than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of +0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack NEAR_USDC_PERP	4.4209	0.0420	pay 0.0053% / 1h	22m 33s	$1.3M	$6.9M	20x
Short	ApeX Omni NEARUSDT	4.4010	0.0100	get 0.0013% / 1h	22m 33s	$166K	$805K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Backpack. 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 BackpackbpFee ApeX OmnibpOrdersPrice spread, now −0.450%Rate

Funding earned: −$67.23
Price spread: −0.450% → +0.002%: −$45.21
Slippage, 4 orders: −$24.95
Fee Backpack: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$157.39
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from Backpack: live order book, 2 min ago; ApeX Omni: live order book, 21 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, 2 min ago	0.11 bp	7.0 bp −$7	16.9 bp −$169	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 21 min ago	6.68 bp	14.7 bp −$15	81.4 bp −$814	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	4.4213	+0.009%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4197	−0.027%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4170	−0.088%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.331%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4230	+0.048%	$112K	$484K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4217	+0.018%	$224.2M	$430.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4200	−0.020%	$62.6M	$296.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4350	+0.319%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4235	+0.059%	$35.7M	$61.8M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4240	+0.070%	$53.6M	$45.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4209	0.000%	$72.6M	$127.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4187	−0.049%	$8.8M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4030	−0.405%	$257K	$915K	20x	as long as short
ApeX Omni NEARUSDTshort	+0.0100%	1h	4.4010	−0.450%	$166K	$805K	50x
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4238	+0.066%	$293K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4213	+0.009%	$59K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4260	+0.115%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4270	+0.138%	$464K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4180	−0.066%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0104%	8h	4.4234	+0.057%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0108%	8h	4.4030	−0.406%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0136%	1h	4.4205	−0.009%	$206K	$38K	3x	as long as short
Extended NEAR-USD	+0.0168%	1h	4.4229	+0.046%	$3.7M	$18.3M	25x	as long as short
SoDEX NEAR-USD	+0.0185%	1h	4.4165	−0.100%	$5K	$52K	10x	as long as short
BingX NEAR-USDT	+0.0200%	8h	4.4220	+0.025%	—	$144.0M	—	as long as short
MEXC NEAR_USDT	+0.0208%	8h	4.4230	+0.048%	$80.7M	$149.1M	200x	as long as short
Binance NEARUSDT	+0.0209%	8h	4.4228	+0.044%	$269.9M	$1.08B	75x	as long as short
Kalshi KXNEARPERP	+0.0251%	8h	4.4179	−0.068%	$1.0M	$24.9M	2.2x	as long as short
Aster NEARUSDT	+0.0301%	8h	4.4220	+0.025%	$2.8M	$4.9M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0198%	1h	4.4173	−0.082%	$235K	—	100x	as long as short
BloFin NEAR-USDT	+0.0328%	8h	4.4160	−0.111%	$13.7M	$32.6M	75x	as long as short
Backpack NEAR_USDC_PERPlong	+0.0420%	1h	4.4209	long leg	$1.3M	$6.9M	20x
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4242	+0.075%	$2.3M	$16.8M	50x	as long as short
01 Exchange NEARUSD	+0.0448%	1h	4.4211	+0.005%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0483%	1h	4.4264	+0.126%	$361.1M	$312.7M	10x	as long as short
Nado NEAR-PERP	+0.0562%	1h	4.4191	−0.041%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0661%	1h	4.4162	−0.106%	$7.3M	$38.3M	50x	as long as short
Lighter NEAR	+0.0824%	1h	4.4291	+0.185%	$17.4M	$25.3M	15x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0837%	1h	4.4210	+0.002%	$1.9M	$13.0M	25x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4250	+0.093%	$228K	$1.6M	10x	as long as short
Lighter RH NEAR	+0.0920%	1h	4.4295	+0.195%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4335	+0.285%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4254	+0.101%	$422K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4226	+0.038%	$668K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1285%	1h	4.4243	+0.076%	$5K	$12K	10x	as long as short