NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0641%/8h= +70.2% APRnext payment +$0.80 per $10,000 · paid last 24h +0.207%

Price spread now: Backpack against Bulk+0.578%7-day average +0.062% · 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+$5as in the Price arb table

costs, in and out, $10k−$460.462% of the position

Long on Bulk Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.286%+$29 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.578%, 7d avg +0.062%

Together, before fees+0.233%+$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Backpack is 0.516% dearer against Bulk than usual: you sell high and buy low: +$52 more if the spread goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk NEAR-USD	4.1150	0.0100	pay 0.0013% / 1h	4m 22s	$234K	$6K	10x
Short	Backpack NEAR_USDC_PERP	4.1388	0.0741	get 0.0093% / 1h	4m 22s	$1.4M	$5.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Bulk. 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 BulkbpFee BackpackbpOrdersPrice spread, now +0.578%Rate

Funding earned: $134.56
Price spread: +0.578% → +0.062%: $51.62
Slippage, 4 orders: −$29.22
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: $139.96
Costs to cover: 0.462%
Break-even: from the start

Slippage from Bulk: live order book, 20 min ago; Backpack: live order book, 5 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 Bulk live order book, 20 min ago	12.09 bp	15.6 bp −$16	15.6 bp −$156	15.6 bp −$1,559	23.2 bp −$11.6K
Sell Backpack live order book, 5 min ago	0.97 bp	6.8 bp −$7	17.2 bp −$172	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	4.1317	+0.407%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0024%	1h	4.1323	+0.420%	$2.1M	$12.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1379	+0.557%	$104K	$54K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1331	+0.440%	$398K	$18.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1335	+0.451%	$205K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	+0.632%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1350	+0.486%	$107K	$490K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1358	+0.505%	$53K	$157K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1375	+0.546%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1391	+0.586%	$2.9M	$5.9M	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica NEAR	+0.0100%	1h	4.1389	+0.581%	$349K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1346	+0.475%	$235.6M	$1.08B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1313	+0.396%	$210.4M	$428.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1320	+0.413%	$56.3M	$275.6M	50x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.1150	long leg	$234K	$6K	10x
Gate NEAR_USDT	+0.0100%	8h	4.1375	+0.547%	$29.4M	$58.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1330	+0.437%	$80.8M	$145.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1380	+0.559%	$55.9M	$44.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1327	+0.430%	$68.7M	$126.8M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.1330	+0.437%	—	$136.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1203	+0.129%	$7.6M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1204	+0.131%	$235K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1290	+0.340%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1220	+0.170%	$181K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1353	+0.493%	$203K	$3.1M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1310	+0.389%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1330	+0.437%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1330	+0.437%	$3.8M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1365	+0.524%	$3.7M	$14.6M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1355	+0.498%	$200K	$61K	3x	as long as short
Arcus NEAR-USD	+0.0118%	1h	4.1390	+0.583%	$308K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0150%	1h	4.1369	+0.532%	$7.3M	$36.9M	50x	as long as short
01 Exchange NEARUSD	+0.0160%	1h	4.1376	+0.549%	$12K	$7K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1290	+0.340%	$12.2M	$33.6M	75x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0258%	1h	4.1390	+0.583%	$1.8M	$2.1M	25x	as long as short
Lighter RH NEAR	+0.0264%	1h	4.1429	+0.678%	$1.4M	$7.2M	10x	as long as short
Nado NEAR-PERP	+0.0356%	1h	4.1334	+0.448%	$1.8M	$3.6M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0377% / S −0.0324%	1h	4.1327	+0.430%	$276K	—	100x	as long as short
RISEx NEAR/USDC	+0.0569%	1h	4.1376	+0.549%	$412K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0582%	1h	4.1315	+0.401%	$1.7M	$2.8M	10x	as long as short
Lighter NEAR	+0.0720%	1h	4.1441	+0.706%	$15.3M	$23.1M	15x	as long as short
Backpack NEAR_USDC_PERPshort	+0.0741%	1h	4.1388	+0.578%	$1.4M	$5.7M	20x
Hyperliquid NEAR	+0.0849%	1h	4.1380	+0.559%	$347.8M	$299.2M	10x	as long as short
Aftermath Perps NEARUSD	+0.0926%	1h	4.1283	+0.323%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.1065%	8h	4.1420	+0.656%	$445K	$3.7M	75x	as long as short