Funding you earn now, next payment 10:00 UTC+0.0569%/8h= +62.3% APRpaid last 24h +0.208%
Price spread now: Backpack against Gate+0.106%7-day average +0.812% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$580.581% of the position
Funding, last 7 days+0.428%+$43 on $10k
+Price spread, last 7 days−0.262%−$26 · spread now +0.106%, 7d avg +0.812%
=Funding pays, the price is against you. Backpack is 0.706% cheaper against Gate than usual: you would sell low and buy high (spread +0.106% now, against its 7-day average of +0.812%). If the spread goes back, that is −$71 on $10k: about 4.1 days of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.428% in total) that is about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate NEAR_USDT | 4.5267 | 0.0100 | pay 0.0100% / 8h | 6h 58m | $38.9M | $61.1M | 75x |
| Short | Backpack NEAR_USDC_PERP | 4.5315 | 0.0669 | get 0.0084% / 1h | 58m 49s | $1.1M | $7.2M | 20x |
Gate NEAR_USDT
Backpack NEAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Gate. 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
- $119.51
- Price spread: +0.106% → +0.812%
- −$70.65
- Slippage, 4 orders
- −$33.14
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$9.27
- Costs to cover
- 0.581%
- Break-even
- 7.5 days
Slippage from Gate: live order book, 5 min ago; Backpack: live order book, just now.
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 Gate live order book, 5 min ago | 2.75 bp | 24.5 bp −$24 | 47.6 bp −$476 | 52.7 bp −$5,274 | 68.0 bp −$34.0K |
| Sell Backpack live order book, just now | 1.65 bp | 6.7 bp −$7 | 14.1 bp −$141 | 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 | 4.5367 | +0.220% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0140% | 1h | 4.5261 | −0.012% | $7.4M | $38.6M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.5396 | +0.286% | $111K | $53K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.5437 | +0.376% | $170K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −8.521% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.5450 | +0.404% | $120K | $522K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.5285 | +0.040% | $2.7M | $4.7M | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.5300 | +0.073% | $275.2M | $1.10B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.5270 | +0.007% | $235.7M | $434.4M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.5250 | −0.038% | $64.5M | $309.4M | 50x | as long as short |
Reya NEARRUSDPERP
Kraken Futures PF_NEARUSD
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 | 4.5450 | +0.404% | $237K | $1.4M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5050 | −0.479% | $260K | $3K | 10x | as long as short |
| Gate NEAR_USDTlong | +0.0100% | 8h | 4.5267 | long leg | $38.9M | $61.1M | 75x | |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.5300 | +0.073% | $83.7M | $162.2M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.5320 | +0.117% | $53.9M | $45.7M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.5248 | −0.042% | $74.7M | $128.3M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.5270 | +0.007% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.5317 | +0.110% | $9.4M | $17.8M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.5428 | +0.355% | $268K | $901K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.5362 | +0.210% | $1.5M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.5390 | +0.272% | $169K | $826K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.5430 | +0.360% | $283K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.5278 | +0.024% | $59K | $269K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.5360 | +0.205% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.5275 | +0.018% | $5K | $49K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.5250 | −0.038% | $3.5M | $8.0M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.5288 | +0.045% | $3.8M | $15.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.5290 | +0.051% | $211K | $38K | 3x | as long as short |
| Paradex NEAR-USD-PERP | +0.0109% | 8h | 4.5475 | +0.459% | $33K | $413 | 10x | as long as short |
| Kalshi KXNEARPERP | +0.0126% | 8h | 4.5213 | −0.119% | $892K | $25.4M | 2.2x | as long as short |
| Hyperliquid NEAR | +0.0216% | 1h | 4.5299 | +0.071% | $368.3M | $321.2M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.5280 | +0.029% | $12.7M | $33.4M | 75x | as long as short |
| HTX NEAR-USDT | +0.0251% | 8h | 4.5290 | +0.051% | $479K | $3.8M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0347% / S −0.0242% | 1h | 4.5333 | +0.145% | $265K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0440% | 1h | 4.5465 | +0.437% | $13K | $5K | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0520% | 1h | 4.5344 | +0.170% | $2.4M | $17.8M | 50x | as long as short |
| Lighter RH NEAR | +0.0552% | 1h | 4.5324 | +0.126% | $1.6M | $6.0M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.5326 | +0.131% | $646K | $1.6M | 10x | as long as short |
| Lighter NEAR | +0.0592% | 1h | 4.5324 | +0.125% | $17.8M | $23.3M | 15x | as long as short |
| Backpack NEAR_USDC_PERPshort | +0.0669% | 1h | 4.5315 | +0.106% | $1.1M | $7.2M | 20x | |
| Nado NEAR-PERP | +0.0676% | 1h | 4.5425 | +0.349% | $1.7M | $3.2M | 10x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.5494 | +0.501% | $429K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0740% | 1h | 4.5602 | +0.740% | $1.7M | $2.2M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0833% | 1h | 4.5300 | +0.073% | $2.0M | $13.1M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.1248% | 1h | 4.5370 | +0.227% | $6K | $7K | 10x | as long as short |
Arcus NEAR-USD
Bulk NEAR-USD
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
SoDEX NEAR-USD
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Paradex NEAR-USD-PERP
Kalshi KXNEARPERP
Hyperliquid NEAR
BloFin NEAR-USDT
HTX NEAR-USDT
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Coinbase International NEAR-PERP-INTX
Lighter RH NEAR
RISEx NEAR/USDC
Lighter NEAR
Nado NEAR-PERP
Pacifica NEAR
Phoenix NEAR
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD