Funding you earn now, next payment 09:00 UTC+0.0424%/8h= +46.4% APRnext payment +$0.53 per $10,000 · paid last 24h +0.193%
Price spread now: Backpack against Extended−0.248%7-day average +0.903% · you buy dearer than you sell
Net, funding: paid 7d − costs+$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$250.252% of the position
Funding, last 7 days+0.410%+$41 on $10k
+Price spread, last 7 days+0.077%+$8 · spread now −0.248%, 7d avg +0.903%
=Together, before fees+0.487%+ Points / potential airdropExtended: Active · farm board+$49 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 1.152% cheaper against Extended than usual: you would sell low and buy high (spread −0.248% now, against its 7-day average of +0.903%). If the spread goes back, that is −$115 on $10k: about 9.1 days of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.410% in total) that is about 20 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended NEAR-USD | 4.4108 | 0.0104 | pay 0.0013% / 1h | 24m 43s | $3.7M | $15.4M | 25x |
| Short | Backpack NEAR_USDC_PERP | 4.3998 | 0.0528 | get 0.0066% / 1h | 24m 43s | $1.1M | $7.2M | 20x |
Extended NEAR-USD
Backpack NEAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Extended. 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
- $88.96
- Price spread: −0.248% → +0.903%
- −$115.18
- Slippage, 4 orders
- −$10.2
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$51.42
- Costs to cover
- 0.252%
- Break-even
- 11.0 days
Slippage from Extended: live order book, 4 min ago; Backpack: live order book, 4 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 Extended live order book, 4 min ago | 0.34 bp | 4.1 bp −$4 | 12.4 bp −$124 | 615.3 bp −$61.5K | doesn't fit |
| Sell Backpack live order book, 4 min ago | 1.60 bp | 8.0 bp −$8 | 17.1 bp −$171 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0430% | 1h | 4.3939 | −0.382% | $7.2M | $38.6M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3918 | −0.431% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3957 | −0.341% | $107K | $65K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3928 | −0.407% | $165K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.116% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3970 | −0.312% | $121K | $504K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3960 | −0.334% | $2.7M | $4.7M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3960 | −0.335% | $265.2M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3934 | −0.393% | $221.3M | $427.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3980 | −0.289% | $62.2M | $296.5M | 50x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NEAR-USD | +0.0100% | 1h | 4.4200 | +0.210% | $224K | $1.5M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3750 | −0.811% | $252K | $3K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3939 | −0.382% | $36.9M | $62.3M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4000 | −0.244% | $90.8M | $158.0M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3960 | −0.334% | $52.8M | $45.4M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4045 | −0.142% | $72.7M | $127.5M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4100 | −0.017% | — | $83.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3876 | −0.524% | $9.1M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3804 | −0.688% | $254K | $892K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3851 | −0.583% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3760 | −0.788% | $165K | $825K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3960 | −0.334% | $274K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3950 | −0.357% | $57K | $238K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4020 | −0.198% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3945 | −0.368% | $5K | $49K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3950 | −0.357% | $3.5M | $8.0M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3951 | −0.354% | $32K | $585 | 10x | as long as short |
| Extended NEAR-USDlong | +0.0104% | 1h | 4.4108 | long leg | $3.7M | $15.4M | 25x | |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3960 | −0.334% | $204K | $40K | 3x | as long as short |
| Kalshi KXNEARPERP | +0.0138% | 8h | 4.3996 | −0.253% | $869K | $25.5M | 2.2x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4010 | −0.221% | $12.7M | $32.4M | 75x | as long as short |
| Nado NEAR-PERP | +0.0241% | 1h | 4.3961 | −0.333% | $1.7M | $3.2M | 10x | as long as short |
| Hyperliquid NEAR | +0.0267% | 1h | 4.3989 | −0.269% | $356.0M | $314.5M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0320% | 1h | 4.4221 | +0.257% | $13K | $6K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0355% / S −0.0232% | 1h | 4.3918 | −0.430% | $271K | — | 100x | as long as short |
| Lighter NEAR | +0.0408% | 1h | 4.3978 | −0.295% | $17.3M | $23.9M | 15x | as long as short |
| Lighter RH NEAR | +0.0440% | 1h | 4.4002 | −0.239% | $1.5M | $6.5M | 10x | as long as short |
| HTX NEAR-USDT | +0.0445% | 8h | 4.4050 | −0.130% | $465K | $3.7M | 75x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.4018 | −0.203% | $2.3M | $17.3M | 50x | as long as short |
| Backpack NEAR_USDC_PERPshort | +0.0528% | 1h | 4.3998 | −0.248% | $1.1M | $7.2M | 20x | |
| Deribit NEAR_USDC-PERPETUAL | +0.0615% | 1h | 4.3978 | −0.294% | $1.9M | $13.1M | 25x | as long as short |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.4189 | +0.184% | $596K | $1.5M | 10x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.3951 | −0.355% | $414K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0740% | 1h | 4.3857 | −0.568% | $1.8M | $2.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1044% | 1h | 4.3818 | −0.656% | $5K | $7K | 10x | as long as short |
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
Kalshi KXNEARPERP
BloFin NEAR-USDT
Nado NEAR-PERP
Hyperliquid NEAR
01 Exchange NEARUSD
GMX NEAR/USD [ETH-USDC]
Lighter NEAR
Lighter RH NEAR
HTX NEAR-USDT
Coinbase International NEAR-PERP-INTX
Deribit NEAR_USDC-PERPETUAL
RISEx NEAR/USDC
Pacifica NEAR
Phoenix NEAR
Aftermath Perps NEARUSD