NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0285%/8h= −31.2% APRnext payment −$0.36 per $10,000 · paid last 24h −0.118%

Price spread now: Nado against Backpack−0.011%7-day average −0.771% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$48as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on Backpack Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.228%−$23 on $10k

Price spread, last 7 days+0.311%+$31 · spread now −0.011%, 7d avg −0.771%

Together, before fees+0.083%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.760% dearer against Backpack than usual: you sell high and buy low (spread −0.011% now, against its 7-day average of −0.771%): +$76 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 8.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack NEAR_USDC_PERP	4.4892	0.0551	pay 0.0069% / 1h	5m 12s	$1.1M	$7.1M	20x
Short	Nado NEAR-PERP	4.4887	0.0267	get 0.0033% / 1h	5m 12s	$1.8M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.011%Rate

Funding earned: −$59.79
Price spread: −0.011% → −0.771%: $76.05
Slippage, 4 orders: −$10.76
Fee Backpack: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$11.5
Costs to cover: 0.278%
Break-even: from the start

Slippage from Backpack: live order book, 2 min ago; Nado: live order book, 2 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	1.00 bp	7.5 bp −$8	17.2 bp −$172	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	0.56 bp	6.3 bp −$6	14.7 bp −$147	doesn't fit	doesn't fit

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	4.4979	+0.194%	$7.3M	$37.0M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.4843	−0.109%	$2K	—	20x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4928	+0.080%	$931K	$26.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4815	−0.172%	$168K	—	150x	as long as short
dYdX NEAR-USD	+0.0022%	1h	4.4867	−0.056%	$110K	$53K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.756%	$578	$301K	12x	as long as short
01 Exchange NEARUSD	+0.0080%	1h	4.4912	+0.045%	$13K	$4K	10x	as long as short
Lighter NEAR	+0.0096%	1h	4.5016	+0.275%	$17.1M	$25.1M	15x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4890	−0.004%	$124K	$505K	50x	as long as short
Hyperliquid NEAR	+0.0100%	1h	4.4913	+0.047%	$360.9M	$312.0M	10x	as long as short

Show all 45 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster NEARUSDT	+0.0100%	8h	4.4984	+0.204%	$2.7M	$4.8M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4998	+0.236%	$271.3M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5000	+0.241%	$231.2M	$430.0M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4960	+0.151%	$64.0M	$301.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4850	−0.094%	$276K	$24K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4864	−0.062%	$40.9M	$63.7M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4890	−0.004%	$72.1M	$171.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4900	+0.018%	$54.9M	$44.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4959	+0.149%	$74.8M	$127.5M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4910	+0.040%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4853	−0.087%	$8.8M	$16.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4891	−0.002%	$266K	$863K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4890	−0.004%	$1.5M	$1.8M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4850	−0.094%	$168K	$808K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4896	+0.009%	$193K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4969	+0.172%	$56K	$273K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4980	+0.196%	$1K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4985	+0.207%	$5K	$34K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5010	+0.263%	$471K	$3.7M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4990	+0.218%	$3.4M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4908	+0.035%	$32K	$389	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4965	+0.163%	$3.7M	$15.0M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4968	+0.169%	$209K	$38K	3x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0191% / S −0.0033%	1h	4.4849	−0.097%	$241K	—	100x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5030	+0.307%	$12.7M	$32.7M	75x	as long as short
Lighter RH NEAR	+0.0232%	1h	4.5031	+0.310%	$1.5M	$6.0M	10x	as long as short
Nado NEAR-PERPshort	+0.0267%	1h	4.4887	−0.011%	$1.8M	$3.1M	10x
Arcus NEAR-USD	+0.0343%	1h	4.4920	+0.062%	$227K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.0489%	1h	4.4905	+0.030%	$648K	$1.6M	10x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0504%	1h	4.5044	+0.339%	$2.4M	$17.6M	50x	as long as short
Backpack NEAR_USDC_PERPlong	+0.0551%	1h	4.4892	long leg	$1.1M	$7.1M	20x
Phoenix NEAR	+0.0741%	1h	4.4988	+0.214%	$1.7M	$2.7M	10x	as long as short
Pacifica NEAR	+0.0851%	1h	4.4907	+0.034%	$424K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.0923%	1h	4.4856	−0.080%	$6K	$6K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1085%	1h	4.5006	+0.254%	$1.9M	$13.0M	25x	as long as short