Funding you earn now, next payment 07:00 UTC+0.0295%/8h= +32.3% APRnext payment +$0.37 per $10,000 · paid last 24h +0.209%
Price spread now: Backpack against ApeX Omni−0.440%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$460.459% of the position
Funding, last 7 days+0.394%+$39 on $10k
+Price spread, last 4 days (all we have)+0.199%+$20 · spread now −0.440%, 7d avg −0.002%
=Funding pays, the price is against you. Backpack is 0.438% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.440% now, against its 7-day average of −0.002%). If the spread goes back, that is −$44 on $10k: about 4.9 days of funding at the current rate (+$9 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni NEARUSDT | 4.3400 | 0.0100 | pay 0.0013% / 1h | 1m 22s | $163K | $804K | 50x |
| Short | Backpack NEAR_USDC_PERP | 4.3209 | 0.0395 | get 0.0049% / 1h | 1m 22s | $1.3M | $6.9M | 20x |
ApeX Omni NEARUSDT
Backpack NEAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against ApeX 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
- $62
- Price spread: −0.440% → −0.002%
- −$43.81
- Slippage, 4 orders
- −$25.94
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$27.75
- Costs to cover
- 0.459%
- Break-even
- 10.1 days
Slippage from ApeX Omni: live order book, 43 min ago; Backpack: live order book, 3 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 ApeX Omni live order book, 43 min ago | 6.68 bp | 16.2 bp −$16 | 78.7 bp −$787 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 3 min ago | 0.23 bp | 6.8 bp −$7 | 14.6 bp −$146 | 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 | 4.3108 | −0.673% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3153 | −0.569% | $106K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3167 | −0.538% | $162K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.585% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3130 | −0.622% | $105K | $492K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3121 | −0.643% | $217.9M | $431.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3110 | −0.668% | $60.6M | $290.1M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3565 | +0.381% | $248K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3110 | −0.668% | $35.1M | $62.5M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3140 | −0.599% | $52.2M | $45.9M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTMShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget NEARUSDT | +0.0100% | 8h | 4.3109 | −0.671% | $71.4M | $128.5M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3397 | −0.006% | $8.7M | $18.7M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3231 | −0.389% | $251K | $906K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3225 | −0.402% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDTlong | +0.0100% | 1h | 4.3400 | long leg | $163K | $804K | 50x | |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3138 | −0.604% | $288K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3142 | −0.594% | $57K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3280 | −0.276% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3180 | −0.507% | $5K | $53K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3290 | −0.253% | $457K | $3.8M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3210 | −0.438% | $3.6M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0103% | 8h | 4.3137 | −0.605% | $31K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3115 | −0.657% | $3.6M | $17.8M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0136% | 1h | 4.3157 | −0.560% | $201K | $38K | 3x | as long as short |
| BingX NEAR-USDC | +0.0201% | 8h | 4.3110 | −0.668% | — | $6.7M | — | as long as short |
| Binance NEARUSDT | +0.0212% | 8h | 4.3145 | −0.589% | $262.5M | $1.09B | 75x | as long as short |
| MEXC NEAR_USDT | +0.0213% | 8h | 4.3170 | −0.530% | $75.0M | $151.1M | 200x | as long as short |
| Kalshi KXNEARPERP | +0.0217% | 8h | 4.3193 | −0.477% | $945K | $25.1M | 2.2x | as long as short |
| Aster NEARUSDT | +0.0253% | 8h | 4.3129 | −0.625% | $2.7M | $4.8M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0313% / S −0.0200% | 1h | 4.3163 | −0.547% | $231K | — | 100x | as long as short |
| BloFin NEAR-USDT | +0.0333% | 8h | 4.3200 | −0.461% | $13.5M | $32.0M | 75x | as long as short |
| Backpack NEAR_USDC_PERPshort | +0.0395% | 1h | 4.3209 | −0.440% | $1.3M | $6.9M | 20x | |
| Coinbase International NEAR-PERP-INTX | +0.0424% | 1h | 4.3234 | −0.382% | $2.3M | $16.5M | 50x | as long as short |
| Hyperliquid NEAR | +0.0426% | 1h | 4.3145 | −0.588% | $350.8M | $314.7M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0440% | 1h | 4.3132 | −0.618% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0542% | 1h | 4.3147 | −0.584% | $1.6M | $3.2M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0676% | 1h | 4.3154 | −0.566% | $7.1M | $38.3M | 50x | as long as short |
| Lighter NEAR | +0.0728% | 1h | 4.3205 | −0.448% | $17.0M | $25.5M | 15x | as long as short |
| Lighter RH NEAR | +0.0824% | 1h | 4.3208 | −0.442% | $1.5M | $6.8M | 10x | as long as short |
| Arcus NEAR-USD | +0.0880% | 1h | 4.3190 | −0.484% | $227K | $1.6M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0908% | 1h | 4.3214 | −0.429% | $1.9M | $13.0M | 25x | as long as short |
| Phoenix NEAR | +0.1003% | 1h | 4.3312 | −0.203% | $1.8M | $2.5M | 10x | as long as short |
| Pacifica NEAR | +0.1187% | 1h | 4.3168 | −0.535% | $398K | $1.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.1259% | 1h | 4.3146 | −0.586% | $656K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1298% | 1h | 4.3364 | −0.084% | $5K | $12K | 10x | as long as short |
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
BingX NEAR-USDC
Binance NEARUSDT
MEXC NEAR_USDT
Kalshi KXNEARPERP
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
BloFin NEAR-USDT
Coinbase International NEAR-PERP-INTX
Hyperliquid NEAR
01 Exchange NEARUSD
Nado NEAR-PERP
Kraken Futures PF_NEARUSD
Lighter NEAR
Lighter RH NEAR
Arcus NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Pacifica NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD