NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0529%/8h= +57.9% APRnext payment +$0.66 per $10,000 · paid last 24h +0.252%

Price spread now: Backpack against gTrade (Gains Network)+0.387%7-day average +0.073% · 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−$262as in the Price arb table

costs, in and out, $10k−$2932.931% of the position

Long on gTrade (Gains Network)Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.394%+$39 on $10k

Price spread, last 4 days (all we have)−1.349%−$135 · spread now +0.387%, 7d avg +0.073%

Together, before fees−0.955%−$95 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Backpack is 0.314% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) NEAR/USD	4.4416	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	4m 04s	$166K	—	150x
Short	Backpack NEAR_USDC_PERP	4.4588	0.0533	get 0.0067% / 1h	4m 04s	$1.4M	$6.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BackpackbpOrdersPrice spread, now +0.387%Rate

Funding earned: $111.05
Price spread: +0.387% → +0.073%: $31.4
Slippage, 4 orders: −$273.14
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$150.69
Costs to cover: 2.931%
Break-even: 16.5 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 60 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 gTrade (Gains Network) virtual book (oracle venue), 60 min ago	130.01 bp	135.0 bp −$135	875.9 bp −$8,759	9405.5 bp −$940.5K	doesn't fit
Sell Backpack live order book, 5 min ago	2.65 bp	10.7 bp −$11	23.7 bp −$237	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	4.4362	−0.122%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4520	+0.233%	$2.2M	$15.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4468	+0.117%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4513	+0.218%	$563K	$21.9M	2.2x	as long as short
gTrade (Gains Network) NEAR/USDlong	L +0.0004% / S −0.0006%	1h	4.4416	long leg	$166K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.768%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4380	−0.082%	$115K	$516K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4495	+0.176%	$425K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4590	+0.392%	$273.6M	$1.12B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4580	+0.369%	$223.3M	$428.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4560	+0.324%	$63.4M	$305.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4470	+0.120%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4587	+0.384%	$32.3M	$65.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4620	+0.459%	$75.4M	$150.5M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4440	+0.053%	$55.0M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4580	+0.369%	$73.4M	$131.1M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4590	+0.391%	—	$147.0M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4486	+0.158%	$8.6M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4994	+1.301%	$270K	$977K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5311	+2.014%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5320	+2.035%	$174K	$797K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4400	−0.037%	$256K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4436	+0.044%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4510	+0.211%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4478	+0.139%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4620	+0.459%	$457K	$4.1M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4600	+0.414%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.4425	+0.020%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4470	+0.121%	$207K	$40K	3x	as long as short
Extended NEAR-USD	+0.0200%	1h	4.4386	−0.068%	$4.0M	$19.5M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4500	+0.188%	$14.0M	$33.4M	75x	as long as short
Aster NEARUSDT	+0.0281%	8h	4.4402	−0.033%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0235%	1h	4.4411	−0.012%	$266K	—	100x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.4405	−0.025%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4480	+0.143%	$215K	$1.8M	10x	as long as short
Nado NEAR-PERP	+0.0481%	1h	4.4336	−0.181%	$1.9M	$3.2M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0493%	1h	4.4458	+0.094%	$1.9M	$4.5M	25x	as long as short
Backpack NEAR_USDC_PERPshort	+0.0533%	1h	4.4588	+0.387%	$1.4M	$6.7M	20x
Kraken Futures PF_NEARUSD	+0.0691%	1h	4.4563	+0.330%	$8.3M	$41.3M	50x	as long as short
Lighter RH NEAR	+0.0704%	1h	4.4648	+0.522%	$1.5M	$7.2M	10x	as long as short
Hyperliquid NEAR	+0.0760%	1h	4.4627	+0.474%	$370.8M	$325.8M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.5453	+2.334%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.4432	+0.034%	$570K	$1.4M	10x	as long as short
Lighter NEAR	+0.1120%	1h	4.4645	+0.515%	$17.9M	$27.1M	15x	as long as short
Aftermath Perps NEARUSD	+0.1646%	1h	4.4963	+1.231%	$6K	$12K	10x	as long as short