NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0375%/8h= +41.1% APRnext payment +$0.47 per $10,000 · paid last 24h −0.089%

Price spread now: RISEx against Backpack−0.063%7-day average −0.770% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$41as in the Price arb table

costs, in and out, $10k−$290.295% of the position

Long on Backpack Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.072%+$7 on $10k

Price spread, last 7 days+1.029%+$103 · spread now −0.063%, 7d avg −0.770%

Together, before fees+1.101%+$110 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and RISEx is 0.707% dearer against Backpack than usual: you sell high and buy low: +$71 more if the spread goes back to its 7-day average of −0.770%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.072% in total (about 7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack NEAR_USDC_PERP	4.4349	0.0550	pay 0.0069% / 1h	27m 47s	$1.4M	$6.6M	20x
Short	RISEx NEAR/USDC	4.4321	0.0924	get 0.0116% / 1h	27m 47s	$554K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.063%Rate

Funding earned: $78.74
Price spread: −0.063% → −0.770%: $70.68
Slippage, 4 orders: −$13.46
Fee Backpack: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $119.96
Costs to cover: 0.295%
Break-even: from the start

Slippage from Backpack: live order book, 1 min ago; RISEx: live order book, 1 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, 1 min ago	0.11 bp	7.5 bp −$8	16.0 bp −$160	doesn't fit	doesn't fit
Sell RISEx live order book, 1 min ago	2.66 bp	5.7 bp −$6	16.3 bp −$163	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	4.4257	−0.208%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.4291	−0.131%	$2.2M	$14.7M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4269	−0.180%	$109K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4345	−0.009%	$589K	$19.8M	2.2x	as long as short
Deribit NEAR_USDC-PERPETUAL	0.0000%	1h	4.4295	−0.122%	$1.9M	$4.4M	25x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.4268	−0.183%	$200K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.627%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4300	−0.110%	$116K	$490K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4277	−0.163%	$418K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4286	−0.142%	$268.9M	$1.08B	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit NEARUSDT	+0.0100%	8h	4.4260	−0.201%	$222.4M	$419.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4230	−0.268%	$63.5M	$293.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4421	+0.162%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4239	−0.248%	$32.0M	$62.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4250	−0.223%	$76.5M	$143.1M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4270	−0.178%	$55.5M	$44.5M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4249	−0.225%	$72.9M	$127.2M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4270	−0.178%	—	$145.1M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4186	−0.368%	$8.7M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4477	+0.290%	$267K	$989K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4180	−0.381%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4160	−0.426%	$172K	$792K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4310	−0.088%	$212K	$3.7M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4257	−0.207%	$61K	$195K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4310	−0.088%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4280	−0.156%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4340	−0.020%	$461K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4270	−0.178%	$3.9M	$8.1M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4255	−0.211%	$32K	$608	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.4256	−0.211%	$3.8M	$18.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4290	−0.133%	$206K	$34K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4520	+0.386%	$13.7M	$31.7M	75x	as long as short
Aster NEARUSDT	+0.0242%	8h	4.4329	−0.046%	$3.0M	$5.4M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0352% / S −0.0245%	1h	4.4279	−0.157%	$261K	—	100x	as long as short
01 Exchange NEARUSD	+0.0376%	1h	4.4292	−0.129%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0401%	1h	4.4275	−0.167%	$1.9M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.4310	−0.088%	$211K	$1.7M	10x	as long as short
Backpack NEAR_USDC_PERPlong	+0.0550%	1h	4.4349	long leg	$1.4M	$6.6M	20x
Kraken Futures PF_NEARUSD	+0.0696%	1h	4.4280	−0.156%	$8.2M	$40.9M	50x	as long as short
Hyperliquid NEAR	+0.0696%	1h	4.4293	−0.126%	$368.7M	$309.3M	10x	as long as short
Lighter RH NEAR	+0.0712%	1h	4.4377	+0.063%	$1.6M	$6.9M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.4463	+0.257%	$1.8M	$2.7M	10x	as long as short
RISEx NEAR/USDCshort	+0.0924%	1h	4.4321	−0.063%	$554K	$1.3M	10x
Lighter NEAR	+0.1272%	1h	4.4376	+0.062%	$17.7M	$25.9M	15x	as long as short
Aftermath Perps NEARUSD	+0.1655%	1h	4.4295	−0.121%	$6K	$12K	10x	as long as short