Funding you earn now, next payment 05:00 UTC+0.0282%/8h= +30.9% APRpaid last 24h +0.186%
Price spread now: Backpack against BloFin+0.039%7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$440.437% of the position
Funding, last 7 days+0.189%+$19 on $10k
+Price spread, last 4 days (all we have)−0.184%−$18 · spread now +0.039%, 7d avg +0.067%
=Funding pays, the price is against you. Backpack is 0.028% cheaper against BloFin than usual: you would sell low and buy high (spread +0.039% now, against its 7-day average of +0.067%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.189% in total) that is about 25 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.189% in total (about 9.9% a year). A funding rate is set anew for every payment. 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 | BloFin NEAR-USDT | 4.3410 | 0.0220 | pay 0.0220% / 8h | 3h 46m | $13.7M | $32.2M | 75x |
| Short | Backpack NEAR_USDC_PERP | 4.3427 | 0.0502 | get 0.0063% / 1h | 46m 34s | $1.4M | $6.5M | 20x |
BloFin NEAR-USDT
Backpack NEAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BloFin. 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
- $59.24
- Price spread: +0.039% → +0.067%
- −$2.8
- Slippage, 4 orders
- −$21.66
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $12.77
- Costs to cover
- 0.437%
- Break-even
- 5.5 days
Slippage from BloFin: live order book, 2 min ago; Backpack: 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 BloFin live order book, 2 min ago | 8.02 bp | 14.0 bp −$14 | 15.7 bp −$157 | 30.1 bp −$3,015 | 84.6 bp −$42.3K |
| Sell Backpack live order book, 3 min ago | 1.83 bp | 6.8 bp −$7 | 188.9 bp −$1,889 | 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 | 4.3379 | −0.072% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3389 | −0.049% | $107K | $69K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3381 | −0.067% | $163K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.607% | $578 | $301K | 12x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0056% | 1h | 4.3443 | +0.076% | $2.3M | $15.9M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3370 | −0.092% | $107K | $501K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3421 | +0.025% | $267.0M | $1.10B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3389 | −0.048% | $218.1M | $424.6M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3400 | −0.023% | $61.9M | $291.4M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3771 | +0.832% | $249K | −$0 | 10x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Coinbase International NEAR-PERP-INTX
Popdex NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NEAR_USDT | +0.0100% | 8h | 4.3371 | −0.090% | $31.7M | $60.6M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3410 | 0.000% | $73.9M | $143.8M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3420 | +0.023% | $54.1M | $46.1M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3357 | −0.122% | $71.2M | $128.8M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3370 | −0.092% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3497 | +0.201% | $8.4M | $18.0M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3559 | +0.343% | $255K | $950K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3580 | +0.392% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3580 | +0.392% | $168K | $799K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3406 | −0.009% | $249K | $3.8M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3439 | +0.067% | $57K | $246K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3470 | +0.138% | $2K | $1.4M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3500 | +0.207% | $455K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3450 | +0.092% | $3.7M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3360 | −0.116% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3425 | +0.035% | $202K | $40K | 3x | as long as short |
| Kalshi KXNEARPERP | +0.0127% | 8h | 4.3425 | +0.035% | $609K | $22.9M | 2.2x | as long as short |
| BloFin NEAR-USDTlong | +0.0220% | 8h | 4.3410 | long leg | $13.7M | $32.2M | 75x | |
| Pacifica NEAR | +0.0263% | 1h | 4.3424 | +0.031% | $412K | $1.2M | 10x | as long as short |
| Aster NEARUSDT | +0.0312% | 8h | 4.3433 | +0.054% | $2.9M | $5.6M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0319% / S −0.0191% | 1h | 4.3381 | −0.067% | $231K | — | 100x | as long as short |
| SoDEX NEAR-USD | +0.0392% | 1h | 4.3395 | −0.035% | $8K | $52K | 10x | as long as short |
| Backpack NEAR_USDC_PERPshort | +0.0502% | 1h | 4.3427 | +0.039% | $1.4M | $6.5M | 20x | |
| 01 Exchange NEARUSD | +0.0528% | 1h | 4.3427 | +0.039% | $13K | $7K | 10x | as long as short |
| Hyperliquid NEAR | +0.0594% | 1h | 4.3438 | +0.065% | $357.5M | $318.7M | 10x | as long as short |
| Arcus NEAR-USD | +0.0627% | 1h | 4.3420 | +0.023% | $213K | $1.6M | 10x | as long as short |
| Extended NEAR-USD | +0.0648% | 1h | 4.3343 | −0.153% | $3.8M | $19.7M | 25x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0710% | 1h | 4.3399 | −0.026% | $7.7M | $39.7M | 50x | as long as short |
| Nado NEAR-PERP | +0.0730% | 1h | 4.3403 | −0.017% | $1.9M | $3.1M | 10x | as long as short |
| Lighter RH NEAR | +0.0936% | 1h | 4.3465 | +0.127% | $1.5M | $7.3M | 10x | as long as short |
| Phoenix NEAR | +0.0941% | 1h | 4.3717 | +0.707% | $1.8M | $2.8M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0948% | 1h | 4.3443 | +0.076% | $1.9M | $8.2M | 25x | as long as short |
| Lighter NEAR | +0.1152% | 1h | 4.3452 | +0.097% | $17.5M | $24.8M | 15x | as long as short |
| RISEx NEAR/USDC | +0.1162% | 1h | 4.3403 | −0.016% | $625K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1618% | 1h | 4.3567 | +0.362% | $5K | $12K | 10x | as long as short |
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
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
Kalshi KXNEARPERP
Pacifica NEAR
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
SoDEX NEAR-USD
01 Exchange NEARUSD
Hyperliquid NEAR
Arcus NEAR-USD
Extended NEAR-USD
Kraken Futures PF_NEARUSD
Nado NEAR-PERP
Lighter RH NEAR
Phoenix NEAR
Deribit NEAR_USDC-PERPETUAL
Lighter NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD