NEAR

Alert

Funding spread now, next payment 19:00 UTC+0.1098%/8h

next payment, per $10,000+$1.37paid, last 24h+0.180%paid, last 7 days+0.344%to open and close $10k−$31

Long on Polymarket Perps Short on Backpack

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.344% in total (about 17.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.37 per $10,000. 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	Polymarket Perps NEAR-USD	3.9980	0.0100	pay 0.0013% / 1h	25m 16s	$178K	$3.1M	10x
Short	Backpack NEAR_USDC_PERP	3.9985	0.1198	get 0.0150% / 1h	25m 16s	$1.4M	$4.4M	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee BackpackbpOrdersRate

Funding earned: $230.52
Slippage, 4 orders: −$13.22
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: $199.3
Break-even: 0.9 days

Slippage from Polymarket Perps: live order book, 5 min ago; Backpack: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.013%
Avg gap 7d: +0.669%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Polymarket Perps live order book, 5 min ago	1.38 bp	8.8 bp −$9	14.3 bp −$143	doesn't fit	doesn't fit
Sell Backpack live order book, 5 min ago	3.00 bp	8.6 bp −$9	18.4 bp −$184	doesn't fit	doesn't fit

NEAR on 44 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Reya NEARRUSDPERP	−0.0171%	1h	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	$2.1M	$12.0M	50x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	$495K	$20.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	$154K	—	150x	as long as short
dYdX NEAR-USD	+0.0017%	1h	$101K	$53K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	$558	$140K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	$102K	$492K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	$2.7M	$5.9M	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	$228.2M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	$198.1M	$426.0M	75x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	$53.8M	$277.0M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	$236K	$1.6M	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	$28.3M	$54.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	$70.8M	$143.3M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	$56.4M	$45.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	$66.4M	$118.9M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	$7.3M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	$246K	$1.2M	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	$109K	$756K	50x	as long as short
Polymarket Perps NEAR-USDlong	+0.0100%	1h	$178K	$3.1M	10x
Orderly PERP_NEAR_USDC	+0.0100%	8h	$52K	$162K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	$1K	$1.5M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	$4K	$44K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	$3.7M	$8.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	$228K	$8K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	$29K	$2K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	$3.3M	$13.8M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	$193K	$66K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	$12.2M	$31.8M	75x	as long as short
Pacifica NEAR	+0.0225%	1h	$441K	$1.1M	10x	as long as short
Nado NEAR-PERP	+0.0338%	1h	$1.9M	$3.8M	10x	as long as short
Lighter RH NEAR	+0.0344%	1h	$1.3M	$7.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0363% / S −0.0308%	1h	$259K	—	100x	as long as short
01 Exchange NEARUSD	+0.0376%	1h	$12K	$8K	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0526%	1h	$1.8M	$1.9M	25x	as long as short
RISEx NEAR/USDC	+0.0548%	1h	$395K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0633%	1h	$1.6M	$2.7M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0655%	1h	$7.0M	$33.9M	50x	as long as short
Hyperliquid NEAR	+0.0676%	1h	$321.1M	$295.1M	10x	as long as short
Lighter NEAR	+0.0952%	1h	$15.0M	$22.4M	15x	as long as short
Aftermath Perps NEARUSD	+0.1190%	1h	$5K	$12K	10x	as long as short
Backpack NEAR_USDC_PERPshort	+0.1198%	1h	$1.4M	$4.4M	20x
HTX NEAR-USDT	+0.1477%	8h	$440K	$4.0M	75x	as long as short