Funding you earn now, next payment 06:00 UTC−0.0551%/8h= −60.3% APRnext payment −$0.69 per $10,000 · paid last 24h −0.216%
Price spread now: Aevo against Backpack−0.019%46s7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1471.473% of the position
Funding, last 7 days−0.391%−$39 on $10k
+Price spread, last 4 days (all we have)+0.143%+$14 · spread now −0.019%, 7d avg −0.060%
=The price spread pays, funding is against you. Aevo is 0.042% dearer against Backpack than usual: you sell high and buy low (spread −0.019% now, against its 7-day average of −0.060%): +$4 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.391% in total) that is about 18 hours. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack NEAR_USDC_PERP | 4.2943 | 0.0655 | pay 0.0082% / 1h | 31m 21s | $1.3M | $6.7M | 20x |
| Short | Aevo NEAR-PERP | 4.2935 | 0.0104 | get 0.0013% / 1h | 31m 21s | $200K | $37K | 3x |
Backpack NEAR_USDC_PERP
Aevo NEAR-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Backpack. 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
- −$115.65
- Price spread: −0.019% → −0.060%
- $4.17
- Slippage, 4 orders
- −$121.34
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$258.82
- Costs to cover
- 1.473%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 3 min ago; Aevo: live order book, 18 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 Backpack live order book, 3 min ago | 1.28 bp | 6.3 bp −$6 | 14.8 bp −$148 | doesn't fit | doesn't fit |
| Sell Aevo live order book, 18 min ago | 9.34 bp | 62.3 bp −$62 | doesn't fit | 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 | 4.2916 | −0.064% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2857 | −0.200% | $105K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.2893 | −0.116% | $161K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.570% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2900 | −0.100% | $113K | $500K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2956 | +0.030% | $262.5M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.2897 | −0.107% | $213.7M | $420.2M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2910 | −0.077% | $60.4M | $284.6M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2997 | +0.127% | $245K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2899 | −0.102% | $32.3M | $60.0M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2950 | +0.016% | $75.9M | $143.8M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2940 | −0.007% | $51.9M | $45.7M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2897 | −0.107% | $70.9M | $127.2M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.2930 | −0.030% | — | $143.4M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.2998 | +0.129% | $8.2M | $18.0M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2962 | +0.045% | $259K | $958K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2949 | +0.014% | $1.4M | $1.5M | 10x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2929 | −0.033% | $262K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2943 | 0.000% | $56K | $243K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2990 | +0.109% | $2K | $1.3M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3020 | +0.179% | $463K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2930 | −0.030% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.2886 | −0.132% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERPshort | +0.0104% | 1h | 4.2935 | −0.019% | $200K | $37K | 3x | |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2950 | +0.016% | $13.2M | $31.6M | 75x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0256% | 1h | 4.2982 | +0.091% | $2.3M | $15.8M | 50x | as long as short |
| ApeX Omni NEARUSDT | +0.0263% | 1h | 4.2960 | +0.040% | $165K | $795K | 50x | as long as short |
| Kalshi KXNEARPERP | +0.0265% | 8h | 4.2971 | +0.065% | $870K | $24.5M | 2.2x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0311% / S −0.0198% | 1h | 4.2896 | −0.110% | $232K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0336% | 8h | 4.2930 | −0.030% | $2.8M | $5.3M | 50x | as long as short |
| Nado NEAR-PERP | +0.0375% | 1h | 4.2878 | −0.152% | $1.7M | $3.2M | 10x | as long as short |
| Extended NEAR-USD | +0.0520% | 1h | 4.2890 | −0.123% | $3.7M | $19.7M | 25x | as long as short |
| SoDEX NEAR-USD | +0.0560% | 1h | 4.2905 | −0.088% | $6K | $53K | 10x | as long as short |
| Backpack NEAR_USDC_PERPlong | +0.0655% | 1h | 4.2943 | long leg | $1.3M | $6.7M | 20x | |
| Hyperliquid NEAR | +0.0693% | 1h | 4.2940 | −0.007% | $350.9M | $310.1M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0737% | 1h | 4.2893 | −0.116% | $7.4M | $38.9M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0752% | 1h | 4.2961 | +0.042% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0814% | 1h | 4.2940 | −0.007% | $216K | $1.6M | 10x | as long as short |
| Pacifica NEAR | +0.0847% | 1h | 4.2906 | −0.087% | $393K | $1.3M | 10x | as long as short |
| Lighter NEAR | +0.0920% | 1h | 4.2961 | +0.041% | $16.8M | $25.1M | 15x | as long as short |
| Phoenix NEAR | +0.1033% | 1h | 4.3089 | +0.340% | $1.8M | $2.5M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1079% | 1h | 4.2933 | −0.023% | $1.9M | $11.0M | 25x | as long as short |
| Lighter RH NEAR | +0.1112% | 1h | 4.2959 | +0.037% | $1.4M | $7.3M | 10x | as long as short |
| RISEx NEAR/USDC | +0.1220% | 1h | 4.2926 | −0.039% | $685K | $1.3M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1358% | 1h | 4.2945 | +0.005% | $5K | $12K | 10x | as long as short |
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
BloFin NEAR-USDT
Coinbase International NEAR-PERP-INTX
ApeX Omni NEARUSDT
Kalshi KXNEARPERP
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
Nado NEAR-PERP
Extended NEAR-USD
SoDEX NEAR-USD
Hyperliquid NEAR
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Arcus NEAR-USD
Pacifica NEAR
Lighter NEAR
Phoenix NEAR
Deribit NEAR_USDC-PERPETUAL
Lighter RH NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD