Funding you earn now, next payment 03:00 UTC−0.0130%/8h= −14.3% APRnext payment −$0.16 per $10,000 · paid last 24h −0.105%
Price spread now: Arcus against Backpack+0.217%7-day average −0.825% · 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+$72as in the Price arb table
costs, in and out, $10k−$330.327% of the position
Funding, last 4 days (all we have)+0.001%$0 on $10k
+Price spread, last 7 days+0.141%+$14 · spread now +0.217%, 7d avg −0.825%
=The price spread pays, funding is against you. Arcus is 1.042% dearer against Backpack than usual: you sell high and buy low (spread +0.217% now, against its 7-day average of −0.825%): +$104 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 27 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack NEAR_USDC_PERP | 4.4633 | 0.0540 | pay 0.0067% / 1h | 6m 02s | $1.4M | $6.8M | 20x |
| Short | Arcus NEAR-USD | 4.4730 | 0.0410 | get 0.0051% / 1h | 6m 02s | $216K | $1.8M | 10x |
Backpack NEAR_USDC_PERP
Arcus NEAR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus 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
- −$27.36
- Price spread: +0.217% → −0.825%
- $104.19
- Slippage, 4 orders
- −$18.15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- $44.19
- Costs to cover
- 0.327%
- Break-even
- from the start
Slippage from Backpack: live order book, 3 min ago; Arcus: live order book, 3 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 Arcus live order book, 3 min ago | 3.31 bp | 6.7 bp −$7 | 15.3 bp −$153 | 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 | −0.304% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0016% | 1h | 4.4511 | −0.273% | $2.2M | $15.4M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4569 | −0.144% | $110K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4675 | +0.094% | $561K | $21.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4504 | −0.288% | $167K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −7.221% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4620 | −0.029% | $112K | $513K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.4641 | +0.019% | $426K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4547 | −0.193% | $273.4M | $1.11B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4440 | −0.432% | $223.8M | $428.6M | 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 | 4.4440 | −0.432% | $63.9M | $304.0M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5467 | +1.867% | $259K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4599 | −0.076% | $32.4M | $65.1M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4690 | +0.128% | $77.8M | $149.4M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4670 | +0.083% | $55.2M | $45.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4592 | −0.092% | $73.4M | $130.6M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.4570 | −0.141% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4486 | −0.329% | $8.6M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.5326 | +1.553% | $272K | $976K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.5311 | +1.519% | $1.5M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.5320 | +1.539% | $174K | $797K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4627 | −0.013% | $247K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4441 | −0.430% | $57K | $237K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4530 | −0.231% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4502 | −0.294% | $8K | $53K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4550 | −0.186% | $460K | $4.1M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4540 | −0.208% | $3.8M | $8.4M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.4630 | −0.007% | $32K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4465 | −0.376% | $207K | $40K | 3x | as long as short |
| Extended NEAR-USD | +0.0192% | 1h | 4.4438 | −0.436% | $4.1M | $19.4M | 25x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4890 | +0.576% | $14.2M | $33.7M | 75x | as long as short |
| Aster NEARUSDT | +0.0295% | 8h | 4.4470 | −0.366% | $3.1M | $5.5M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0353% / S −0.0238% | 1h | 4.4537 | −0.214% | $265K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0384% | 1h | 4.4703 | +0.157% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USDshort | +0.0410% | 1h | 4.4730 | +0.217% | $216K | $1.8M | 10x | |
| Nado NEAR-PERP | +0.0467% | 1h | 4.4521 | −0.250% | $1.9M | $3.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERPlong | +0.0540% | 1h | 4.4633 | long leg | $1.4M | $6.8M | 20x | |
| Deribit NEAR_USDC-PERPETUAL | +0.0583% | 1h | 4.4449 | −0.412% | $1.9M | $4.5M | 25x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0691% | 1h | 4.4572 | −0.137% | $8.3M | $41.3M | 50x | as long as short |
| Lighter RH NEAR | +0.0696% | 1h | 4.4616 | −0.038% | $1.6M | $7.2M | 10x | as long as short |
| Hyperliquid NEAR | +0.0779% | 1h | 4.4655 | +0.049% | $371.8M | $324.8M | 10x | as long as short |
| Phoenix NEAR | +0.0855% | 1h | 4.5453 | +1.837% | $1.9M | $2.7M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0924% | 1h | 4.4704 | +0.158% | $571K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.1120% | 1h | 4.4575 | −0.130% | $17.9M | $27.1M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1638% | 1h | 4.5215 | +1.304% | $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
Aevo NEAR-PERP
Extended NEAR-USD
BloFin NEAR-USDT
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
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