NEAR

Alert

Funding spread now, next payment 17:00 UTC−0.1005%/8h

next payment, per $10,000−$1.26paid, last 24h−0.159%paid, last 7 days−0.318%to open and close $10k−$32

Long on Backpack Short on Polymarket Perps

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.318% in total (about -16.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack NEAR_USDC_PERP	4.0457	0.1105	pay 0.0138% / 1h	51m 24s	$1.6M	$5.0M	20x
Short	Polymarket Perps NEAR-USD	4.0371	0.0100	get 0.0013% / 1h	51m 24s	$177K	$3.6M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee Polymarket PerpsbpOrdersRate

Funding earned: −$211
Slippage, 4 orders: −$14
Fee Backpack: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$243
Break-even: never at this rate

Slippage from Backpack: live order book, 4 min ago; Polymarket Perps: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.213%
Avg gap 7d: −0.641%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 4 min ago	0.12 bp	5.2 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.58 bp	6.6 bp −$7	16.2 bp −$162	doesn't fit	doesn't fit

NEAR on 44 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Reya NEARRUSDPERP	−0.0171%	1h	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0048%	1h	$2.1M	$15.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	$92K	$44K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	$360K	$23.1M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	$151K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	$608	$84K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	$104K	$540K	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	$29K	$2K	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	$2.7M	$7.5M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	$471K	$1.3M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	$226.3M	$1.24B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	$198.3M	$482.7M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	$54.3M	$323.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	$232K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	$233K	$4K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	$28.5M	$57.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	$73.5M	$163.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	$54.3M	$49.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	$67.1M	$131.6M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	$7.6M	$22.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	$229K	$1.3M	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	$108K	$782K	50x	as long as short
Polymarket Perps NEAR-USDshort	+0.0100%	1h	$177K	$3.6M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	$52K	$242K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	$2K	$1.6M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	$5K	$58K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	$3.4M	$15.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	$195K	$75K	3x	as long as short
Lighter RH NEAR	+0.0168%	1h	$1.3M	$8.1M	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	$12.4M	$36.3M	75x	as long as short
01 Exchange NEARUSD	+0.0256%	1h	$12K	$9K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0330% / S −0.0253%	1h	$227K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0442%	1h	$1.8M	$1.8M	25x	as long as short
Nado NEAR-PERP	+0.0473%	1h	$1.8M	$5.1M	10x	as long as short
Phoenix NEAR	+0.0553%	1h	$1.6M	$3.4M	10x	as long as short
Hyperliquid NEAR	+0.0624%	1h	$326.3M	$357.4M	10x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	$344K	$1.3M	10x	as long as short
HTX NEAR-USDT	+0.0671%	8h	$414K	$4.4M	75x	as long as short
Lighter NEAR	+0.0880%	1h	$14.9M	$22.0M	15x	as long as short
Aftermath Perps NEARUSD	+0.1041%	1h	$5K	$13K	10x	as long as short
Phemex NEARUSDT	+0.1066%	8h	$3.7M	$8.9M	50x	as long as short
Backpack NEAR_USDC_PERPlong	+0.1105%	1h	$1.6M	$5.0M	20x
Kraken Futures PF_NEARUSD	+0.1424%	1h	$8.5M	$35.3M	50x	as long as short