NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0327%/8h= −35.9% APRnext payment −$0.41 per $10,000 · paid last 24h −0.250%

Price spread now: dYdX against Backpack−0.151%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$254as in the Funding arb table

Net, price: spread back to 7d avg − costs−$201as in the Price arb table

costs, in and out, $10k−$1951.954% of the position

Long on Backpack Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.585%−$59 on $10k

Price spread, last 4 days (all we have)−0.616%−$62 · spread now −0.151%, 7d avg −0.092%

Together, before fees−1.201%−$120 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and dYdX is 0.060% cheaper against Backpack than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.092%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack NEAR_USDC_PERP	4.4171	0.0327	pay 0.0041% / 1h	15m 20s	$1.4M	$6.5M	20x
Short	dYdX NEAR-USD	4.4104	0	get 0.0000% / 1h	15m 20s	$109K	$70K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee dYdXbpOrdersPrice spread, now −0.151%Rate

Funding earned: −$68.76
Price spread: −0.151% → −0.092%: −$5.96
Slippage, 4 orders: −$175.44
Fee Backpack: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$270.15
Costs to cover: 1.954%
Break-even: never at this rate

Slippage from Backpack: live order book, 4 min ago; dYdX: live order book, 44 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, 4 min ago	1.47 bp	6.5 bp −$6	16.5 bp −$165	doesn't fit	doesn't fit
Sell dYdX live order book, 44 min ago	84.80 bp	91.0 bp −$91	134.1 bp −$1,341	138.4 bp −$13.8K	159.1 bp −$79.6K

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	4.4012	−0.361%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4152	−0.043%	$2.3M	$15.5M	50x	as long as short
dYdX NEAR-USDshort	0.0000%	1h	4.4104	−0.151%	$109K	$70K	10x
Kalshi KXNEARPERP	0.0000%	8h	4.4196	+0.057%	$610K	$22.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4149	−0.051%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.251%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4110	−0.138%	$113K	$519K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4133	−0.086%	$419K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4200	+0.066%	$271.9M	$1.10B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4130	−0.093%	$222.1M	$424.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4100	−0.161%	$62.9M	$299.4M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4098	−0.165%	$251K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4173	+0.005%	$32.1M	$64.2M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4070	−0.229%	$74.6M	$150.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4060	−0.251%	$54.6M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4028	−0.324%	$72.3M	$130.5M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.4180	+0.020%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4137	−0.076%	$8.6M	$18.1M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4270	+0.224%	$266K	$980K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4260	+0.202%	$1.5M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4210	+0.088%	$170K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4112	−0.134%	$244K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4154	−0.038%	$56K	$227K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4330	+0.360%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4260	+0.201%	$458K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4190	+0.043%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4116	−0.124%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4123	−0.109%	$205K	$40K	3x	as long as short
SoDEX NEAR-USD	+0.0166%	1h	4.4150	−0.048%	$8K	$52K	10x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4290	+0.269%	$13.8M	$33.0M	75x	as long as short
Aster NEARUSDT	+0.0309%	8h	4.4176	+0.011%	$3.0M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0321% / S −0.0190%	1h	4.4191	+0.045%	$234K	—	100x	as long as short
Backpack NEAR_USDC_PERPlong	+0.0327%	1h	4.4171	long leg	$1.4M	$6.5M	20x
01 Exchange NEARUSD	+0.0336%	1h	4.4164	−0.016%	$13K	$7K	10x	as long as short
Hyperliquid NEAR	+0.0355%	1h	4.4149	−0.050%	$364.2M	$324.8M	10x	as long as short
Extended NEAR-USD	+0.0408%	1h	4.4093	−0.176%	$3.9M	$19.6M	25x	as long as short
Nado NEAR-PERP	+0.0549%	1h	4.4061	−0.248%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4180	+0.020%	$219K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0588%	1h	4.4169	−0.004%	$8.1M	$39.6M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0634%	1h	4.4168	−0.007%	$2.0M	$7.3M	25x	as long as short
Lighter RH NEAR	+0.0656%	1h	4.4171	0.000%	$1.5M	$7.2M	10x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4322	+0.342%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4178	+0.016%	$594K	$1.4M	10x	as long as short
Lighter NEAR	+0.0960%	1h	4.4218	+0.107%	$17.8M	$26.5M	15x	as long as short
Aftermath Perps NEARUSD	+0.1574%	1h	4.4184	+0.029%	$5K	$12K	10x	as long as short