NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0848%/8h= −92.9% APRnext payment −$1.06 per $10,000 · paid last 24h −0.217%

Price spread now: SoDEX against Backpack+0.338%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. SoDEX is 0.338% dearer against Backpack than usual: you sell high and buy low (spread +0.338% now, against zero (this spread has no 7-day history yet)): +$34 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack NEAR_USDC_PERP	4.4041	0.0948	pay 0.0118% / 1h	17m 32s	$1.4M	$6.3M	20x
Short	SoDEX NEAR-USD	4.4190	0.0100	get 0.0013% / 1h	17m 32s	$5K	$51K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.338%Rate

Funding earned: −$178.07
Price spread: +0.338% → 0.000%: $33.83
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$162.24
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Backpack: live order book, 2 min ago; SoDEX: no order-book sample. Net counts fees only.

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	2.58 bp	7.6 bp −$8	17.2 bp −$172	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

NEAR on 44 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	4.3878	−0.371%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0064%	1h	4.4172	+0.297%	$2.2M	$14.5M	50x	as long as short
Phemex NEARUSDT	−0.0042%	8h	4.4170	+0.293%	$3.9M	$8.2M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3965	−0.172%	$108K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4249	+0.472%	$584K	$20.0M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3913	−0.290%	$194K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.974%	$578	$302K	12x	as long as short
Variational Omni NEAR	+0.0080%	8h	4.4757	+1.625%	$8.6M	$18.5M	—	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3900	−0.320%	$111K	$494K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4002	−0.089%	$414K	$1.2M	10x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance NEARUSDT	+0.0100%	8h	4.3874	−0.379%	$266.0M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3820	−0.502%	$222.2M	$422.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3780	−0.593%	$62.4M	$289.8M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3970	−0.161%	$209K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4050	+0.020%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3955	−0.195%	$31.7M	$62.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3950	−0.207%	$74.7M	$142.9M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3910	−0.297%	$53.9M	$43.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3884	−0.356%	$72.3M	$126.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3920	−0.275%	—	$143.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4564	+1.187%	$281K	$1.0M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4520	+1.087%	$1.5M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4540	+1.133%	$183K	$765K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3887	−0.350%	$208K	$3.6M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4210	+0.384%	$61K	$190K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4390	+0.792%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USDshort	+0.0100%	1h	4.4190	+0.338%	$5K	$51K	10x
HTX NEAR-USDT	+0.0100%	8h	4.4280	+0.543%	$458K	$3.9M	75x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.3997	−0.100%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3920	−0.274%	$3.8M	$18.5M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4325	+0.645%	$206K	$34K	3x	as long as short
Aster NEARUSDT	+0.0187%	8h	4.4061	+0.046%	$3.1M	$5.8M	50x	as long as short
Kraken Futures PF_NEARUSD	+0.0214%	1h	4.4199	+0.359%	$8.0M	$40.8M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0270%	1h	4.4217	+0.400%	$1.9M	$4.2M	25x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0353% / S −0.0248%	1h	4.4309	+0.609%	$262K	—	100x	as long as short
Nado NEAR-PERP	+0.0403%	1h	4.3867	−0.394%	$1.9M	$3.1M	10x	as long as short
01 Exchange NEARUSD	+0.0424%	1h	4.3887	−0.350%	$13K	$7K	10x	as long as short
RISEx NEAR/USDC	+0.0509%	1h	4.3894	−0.334%	$554K	$1.3M	10x	as long as short
Phoenix NEAR	+0.0592%	1h	4.4150	+0.247%	$1.8M	$2.6M	10x	as long as short
Lighter RH NEAR	+0.0840%	1h	4.4092	+0.116%	$1.6M	$7.0M	10x	as long as short
Hyperliquid NEAR	+0.0911%	1h	4.3938	−0.234%	$370.5M	$308.8M	10x	as long as short
Backpack NEAR_USDC_PERPlong	+0.0948%	1h	4.4041	long leg	$1.4M	$6.3M	20x
Aftermath Perps NEARUSD	+0.1604%	1h	4.4260	+0.497%	$6K	$12K	10x	as long as short
Lighter NEAR	+0.1752%	1h	4.4085	+0.099%	$17.6M	$25.6M	15x	as long as short