Funding you earn now, next payment 03:00 UTC−0.0430%/8h= −47.1% APRnext payment −$0.54 per $10,000 · paid last 24h −0.224%
Price spread now: Extended against Backpack−0.290%7-day average −0.862% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs+$28as in the Price arb table
costs, in and out, $10k−$290.291% of the position
Funding, last 7 days−0.396%−$40 on $10k
+Price spread, last 7 days+1.238%+$124 · spread now −0.290%, 7d avg −0.862%
=Together, before fees+0.842%+ Points / potential airdropExtended: Active · farm board+$84 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.572% dearer against Backpack than usual: you sell high and buy low (spread −0.290% now, against its 7-day average of −0.862%): +$57 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 4.4 days. At the pace of the last 7 days (−0.396% in total) that is about 10 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack NEAR_USDC_PERP | 4.5228 | 0.0574 | pay 0.0072% / 1h | 10m 05s | $1.4M | $6.7M | 20x |
| Short | Extended NEAR-USD | 4.5097 | 0.0144 | get 0.0018% / 1h | 10m 05s | $4.2M | $19.3M | 25x |
Backpack NEAR_USDC_PERP
Extended NEAR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$90.24
- Price spread: −0.290% → −0.862%
- $57.19
- Slippage, 4 orders
- −$14.13
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$62.17
- Costs to cover
- 0.291%
- Break-even
- from the start
Slippage from Backpack: live order book, 4 min ago; Extended: live order book, 4 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 | 3.39 bp | 8.4 bp −$8 | 19.0 bp −$190 | doesn't fit | doesn't fit |
| Sell Extended live order book, 4 min ago | 3.18 bp | 6.7 bp −$7 | 11.7 bp −$117 | 867.0 bp −$86.7K | 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 | 4.5264 | +0.079% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0016% | 1h | 4.5256 | +0.062% | $2.2M | $15.6M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.5341 | +0.250% | $112K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.5355 | +0.281% | $519K | $21.3M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.5284 | +0.124% | $169K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −8.442% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.5340 | +0.248% | $114K | $513K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.5369 | +0.313% | $432K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.5223 | −0.012% | $277.0M | $1.11B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.5142 | −0.190% | $226.2M | $425.1M | 75x | 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
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.5140 | −0.195% | $65.3M | $306.9M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.5467 | +0.527% | $259K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.5212 | −0.035% | $32.8M | $64.7M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.5150 | −0.172% | $77.0M | $147.9M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.5230 | +0.004% | $55.5M | $45.6M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.5106 | −0.270% | $74.2M | $129.8M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.5190 | −0.084% | — | $146.9M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.5696 | +1.035% | $8.8M | $18.3M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.5692 | +1.026% | $274K | $974K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.5655 | +0.943% | $1.5M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.5670 | +0.977% | $176K | $796K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.5339 | +0.245% | $222K | $3.8M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.5268 | +0.088% | $58K | $237K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.5350 | +0.270% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.5270 | +0.093% | $8K | $54K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.5300 | +0.159% | $467K | $4.1M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.5240 | +0.027% | $3.8M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0102% | 8h | 4.5319 | +0.200% | $33K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.5300 | +0.159% | $211K | $40K | 3x | as long as short |
| Extended NEAR-USDshort | +0.0144% | 1h | 4.5097 | −0.290% | $4.2M | $19.3M | 25x | |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.5590 | +0.800% | $14.1M | $34.1M | 75x | as long as short |
| Aster NEARUSDT | +0.0305% | 8h | 4.5269 | +0.091% | $3.1M | $5.5M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0361% / S −0.0250% | 1h | 4.5276 | +0.105% | $274K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0392% | 1h | 4.5348 | +0.265% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0407% | 1h | 4.5309 | +0.180% | $2.0M | $3.2M | 10x | as long as short |
| Arcus NEAR-USD | +0.0410% | 1h | 4.5380 | +0.336% | $220K | $1.7M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0479% | 1h | 4.5307 | +0.175% | $2.0M | $4.5M | 25x | as long as short |
| Backpack NEAR_USDC_PERPlong | +0.0574% | 1h | 4.5228 | long leg | $1.4M | $6.7M | 20x | |
| Kraken Futures PF_NEARUSD | +0.0680% | 1h | 4.5280 | +0.115% | $8.4M | $41.3M | 50x | as long as short |
| Lighter RH NEAR | +0.0720% | 1h | 4.5320 | +0.203% | $1.6M | $7.2M | 10x | as long as short |
| Hyperliquid NEAR | +0.0809% | 1h | 4.5294 | +0.146% | $379.4M | $321.8M | 10x | as long as short |
| Phoenix NEAR | +0.0855% | 1h | 4.5621 | +0.869% | $1.9M | $2.7M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0924% | 1h | 4.5375 | +0.325% | $575K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.1152% | 1h | 4.5327 | +0.219% | $18.2M | $26.9M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1599% | 1h | 4.5449 | +0.489% | $6K | $12K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
BloFin NEAR-USDT
Aster NEARUSDT
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Nado NEAR-PERP
Arcus NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Kraken Futures PF_NEARUSD
Lighter RH NEAR
Hyperliquid NEAR
Phoenix NEAR
RISEx NEAR/USDC
Lighter NEAR
Aftermath Perps NEARUSD