Funding you earn now, next payment 02:00 UTC+0.0826%/8h= +90.5% APRpaid last 24h +0.229%
Price spread now: Backpack against Variational Omni+0.281%7-day average +0.750% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.318%+$32 on $10k
+Price spread, last 7 days−1.076%−$108 · spread now +0.281%, 7d avg +0.750%
=Together, before fees−0.758%+ Points / potential airdropVariational Omni: Active · farm board−$76 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.469% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.281% now, against its 7-day average of +0.750%). If the spread goes back, that is −$47 on $10k: about 45 hours of funding at the current rate (+$25 a day). At the pace of the last 3 days (+0.318% in total) that is about 5.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni NEAR | 4.3248 | 0.0034 | pay 0.0034% / 8h | 6h 47m | $8.1M | $19.0M | — |
| Short | Backpack NEAR_USDC_PERP | 4.3370 | 0.0860 | get 0.0108% / 1h | 47m 56s | $1.3M | $6.0M | 20x |
Variational Omni NEAR
Backpack NEAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Variational Omni. 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
- $173.56
- Price spread: +0.281% → +0.750%
- −$46.88
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $116.69
- Costs to cover
- 0.100%
- Break-even
- 2.3 days
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Backpack: live order book, 1 min ago. Net counts fees only.
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 Variational Omni RFQ quote, 1 min ago | 3.87 bp | doesn't fit | 13.9 bp −$139 | 41.2 bp −$4,123 | doesn't fit |
| Sell Backpack live order book, 1 min ago | 2.19 bp | 8.4 bp −$8 | 14.0 bp −$140 | 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 | 4.3228 | −0.046% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0064% | 1h | 4.3281 | +0.076% | $2.2M | $13.4M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3291 | +0.099% | $108K | $69K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3319 | +0.163% | $487K | $19.1M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3289 | +0.094% | $201K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.251% | $578 | $302K | 12x | as long as short |
| Variational Omni NEARlong | +0.0034% | 8h | 4.3248 | long leg | $8.1M | $19.0M | — | |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3340 | +0.212% | $116K | $476K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.3323 | +0.173% | $57K | $162K | 20x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3320 | +0.165% | $3.0M | $5.8M | 50x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Aster NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NEAR | +0.0100% | 1h | 4.3308 | +0.138% | $409K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3330 | +0.189% | $257.8M | $1.06B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3308 | +0.138% | $220.2M | $418.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3310 | +0.143% | $61.0M | $279.5M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3330 | +0.189% | $205K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3162 | −0.199% | $246K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3324 | +0.175% | $31.1M | $60.1M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3250 | +0.004% | $76.5M | $137.1M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3240 | −0.019% | $55.7M | $42.7M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3310 | +0.143% | $71.7M | $123.3M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3330 | +0.189% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3139 | −0.254% | $259K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3230 | −0.042% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3230 | −0.042% | $179K | $778K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3354 | +0.244% | $206K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3390 | +0.328% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3315 | +0.154% | $5K | $52K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3380 | +0.305% | $442K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3310 | +0.143% | $3.8M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3289 | +0.094% | $31K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3291 | +0.100% | $3.8M | $17.3M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3333 | +0.195% | $202K | $34K | 3x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0218% | 1h | 4.3321 | +0.168% | $7.9M | $39.1M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3220 | −0.065% | $13.2M | $27.6M | 75x | as long as short |
| Nado NEAR-PERP | +0.0322% | 1h | 4.3271 | +0.054% | $1.9M | $3.0M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0360% | 1h | 4.3382 | +0.309% | $13K | $7K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0378% / S −0.0309% | 1h | 4.3283 | +0.080% | $277K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0509% | 1h | 4.3381 | +0.307% | $450K | $1.2M | 10x | as long as short |
| Lighter RH NEAR | +0.0560% | 1h | 4.3387 | +0.321% | $1.6M | $6.9M | 10x | as long as short |
| Phoenix NEAR | +0.0592% | 1h | 4.3227 | −0.049% | $1.8M | $2.6M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0651% | 1h | 4.3343 | +0.219% | $1.9M | $4.1M | 25x | as long as short |
| Hyperliquid NEAR | +0.0842% | 1h | 4.3405 | +0.362% | $367.8M | $303.0M | 10x | as long as short |
| Backpack NEAR_USDC_PERPshort | +0.0860% | 1h | 4.3370 | +0.281% | $1.3M | $6.0M | 20x | |
| Lighter NEAR | +0.1416% | 1h | 4.3421 | +0.398% | $17.3M | $24.5M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1441% | 1h | 4.3164 | −0.194% | $5K | $12K | 10x | as long as short |
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Kraken Futures PF_NEARUSD
BloFin NEAR-USDT
Nado NEAR-PERP
01 Exchange NEARUSD
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Lighter RH NEAR
Phoenix NEAR
Deribit NEAR_USDC-PERPETUAL
Hyperliquid NEAR
Lighter NEAR
Aftermath Perps NEARUSD