Funding you earn now, next payment 04:00 UTC+0.0196%/8h= +21.4% APRpaid last 24h +0.224%
Price spread now: Backpack against edgeX−0.241%7-day average +0.775% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$470.466% of the position
Funding, last 7 days+0.381%+$38 on $10k
+Price spread, last 7 days−0.574%−$57 · spread now −0.241%, 7d avg +0.775%
=Together, before fees−0.194%+ Points / potential airdropedgeX: Active · farm board−$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 1.017% cheaper against edgeX than usual: you would sell low and buy high (spread −0.241% now, against its 7-day average of +0.775%). If the spread goes back, that is −$102 on $10k: about 17 days of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX NEARUSDC | 4.4206 | 0.0100 | pay 0.0050% / 4h | 20m 45s | $265K | $977K | 20x |
| Short | Backpack NEAR_USDC_PERP | 4.4099 | 0.0296 | get 0.0037% / 1h | 20m 45s | $1.4M | $6.5M | 20x |
edgeX NEARUSDC
Backpack NEAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against edgeX. 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
- $41.13
- Price spread: −0.241% → +0.775%
- −$101.67
- Slippage, 4 orders
- −$27.58
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$107.12
- Costs to cover
- 0.466%
- Break-even
- 25.2 days
Slippage from edgeX: live order book, 28 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 edgeX live order book, 28 min ago | 10.08 bp | 14.9 bp −$15 | 33.0 bp −$330 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 3 min ago | 2.15 bp | 9.4 bp −$9 | 18.4 bp −$184 | 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 | 4.4067 | −0.315% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0008% | 1h | 4.4022 | −0.416% | $2.3M | $15.4M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4022 | −0.416% | $109K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4109 | −0.219% | $600K | $22.1M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4052 | −0.347% | $165K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −6.324% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4070 | −0.307% | $113K | $518K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.4054 | −0.344% | $421K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4080 | −0.285% | $270.7M | $1.10B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.4020 | −0.420% | $221.4M | $424.3M | 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 | 4.4060 | −0.330% | $62.6M | $299.2M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4098 | −0.243% | $251K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4032 | −0.393% | $32.0M | $63.9M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4090 | −0.262% | $74.4M | $149.8M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4080 | −0.284% | $54.6M | $46.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4024 | −0.411% | $72.4M | $130.4M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.4030 | −0.398% | — | $147.5M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4057 | −0.337% | $8.5M | $18.2M | — | as long as short |
| edgeX NEARUSDClong | +0.0100% | 4h | 4.4206 | long leg | $265K | $977K | 20x | |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4210 | +0.010% | $1.5M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4050 | −0.352% | $169K | $802K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4108 | −0.221% | $232K | $3.9M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4075 | −0.296% | $56K | $227K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4180 | −0.058% | $2K | $1.4M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4140 | −0.149% | $457K | $4.0M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4110 | −0.217% | $3.8M | $8.4M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.4078 | −0.290% | $32K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4105 | −0.228% | $205K | $40K | 3x | as long as short |
| SoDEX NEAR-USD | +0.0106% | 1h | 4.4055 | −0.341% | $8K | $52K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4110 | −0.217% | $13.9M | $32.8M | 75x | as long as short |
| Backpack NEAR_USDC_PERPshort | +0.0296% | 1h | 4.4099 | −0.241% | $1.4M | $6.5M | 20x | |
| Aster NEARUSDT | +0.0303% | 8h | 4.4060 | −0.330% | $3.0M | $5.5M | 50x | as long as short |
| Hyperliquid NEAR | +0.0305% | 1h | 4.4084 | −0.275% | $363.6M | $324.6M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0320% | 1h | 4.4130 | −0.171% | $13K | $7K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0320% / S −0.0190% | 1h | 4.4035 | −0.387% | $233K | — | 100x | as long as short |
| Extended NEAR-USD | +0.0352% | 1h | 4.4028 | −0.401% | $3.9M | $19.7M | 25x | as long as short |
| Nado NEAR-PERP | +0.0536% | 1h | 4.4067 | −0.313% | $1.9M | $3.1M | 10x | as long as short |
| Arcus NEAR-USD | +0.0581% | 1h | 4.4130 | −0.171% | $218K | $1.8M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0589% | 1h | 4.4086 | −0.270% | $8.1M | $39.7M | 50x | as long as short |
| Lighter RH NEAR | +0.0608% | 1h | 4.4108 | −0.221% | $1.5M | $7.2M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0749% | 1h | 4.4093 | −0.255% | $2.0M | $7.3M | 25x | as long as short |
| Phoenix NEAR | +0.0794% | 1h | 4.4289 | +0.188% | $1.8M | $2.8M | 10x | as long as short |
| Lighter NEAR | +0.0920% | 1h | 4.4101 | −0.236% | $17.8M | $26.5M | 15x | as long as short |
| RISEx NEAR/USDC | +0.0926% | 1h | 4.4128 | −0.175% | $588K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1487% | 1h | 4.4118 | −0.199% | $5K | $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
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
SoDEX NEAR-USD
BloFin NEAR-USDT
Aster NEARUSDT
Hyperliquid NEAR
01 Exchange NEARUSD
GMX NEAR/USD [ETH-USDC]
Extended NEAR-USD
Nado NEAR-PERP
Arcus NEAR-USD
Kraken Futures PF_NEARUSD
Lighter RH NEAR
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Lighter NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD