NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0414%/8h= +45.3% APRnext payment +$0.52 per $10,000 · paid last 24h +0.224%

Price spread now: Backpack against Extended−0.181%48s7-day average +0.862% · you buy dearer than you sell

Net, funding: paid 7d − costs+$10as 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−$290.291% of the position

Long on Extended Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.396%+$40 on $10k

Price spread, last 7 days−0.767%−$77 · spread now −0.181%, 7d avg +0.862%

Together, before fees−0.371%+ Points / potential airdropExtended: Active · farm board−$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 1.043% cheaper against Extended than usual: you would sell low and buy high (spread −0.181% now, against its 7-day average of +0.862%). If the spread goes back, that is −$104 on $10k: about 8.4 days of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.396% in total) that is about 18 days. The two prices were read 48 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	Extended NEAR-USD	4.5310	0.0160	pay 0.0020% / 1h	9m 19s	$4.2M	$19.3M	25x
Short	Backpack NEAR_USDC_PERP	4.5228	0.0574	get 0.0072% / 1h	9m 19s	$1.4M	$6.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Extended. 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 ExtendedbpFee BackpackbpOrdersPrice spread, now −0.181%Rate

Funding earned: $86.88
Price spread: −0.181% → +0.862%: −$104.3
Slippage, 4 orders: −$14.13
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$46.54
Costs to cover: 0.291%
Break-even: 10.7 days

Slippage from Extended: live order book, 5 min ago; Backpack: live order book, 5 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 Extended live order book, 5 min ago	3.18 bp	5.7 bp −$6	11.0 bp −$110	618.5 bp −$61.9K	doesn't fit
Sell Backpack live order book, 5 min ago	3.39 bp	8.4 bp −$8	24.9 bp −$249	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	4.5315	+0.012%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.5250	−0.132%	$2.2M	$15.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5195	−0.253%	$111K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5193	−0.258%	$536K	$21.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.5307	−0.007%	$169K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.607%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5300	−0.022%	$114K	$513K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.5224	−0.189%	$431K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5350	+0.088%	$277.8M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5320	+0.022%	$227.1M	$425.4M	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	4.5310	0.000%	$65.4M	$308.0M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5467	+0.346%	$259K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5296	−0.031%	$32.9M	$64.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5330	+0.044%	$77.1M	$148.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5360	+0.110%	$55.7M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5319	+0.020%	$74.6M	$129.7M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.5330	+0.044%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5696	+0.852%	$8.8M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5623	+0.691%	$274K	$975K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5530	+0.486%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5670	+0.795%	$176K	$796K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5356	+0.102%	$223K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5335	+0.055%	$58K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5390	+0.177%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5314	+0.009%	$8K	$54K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5340	+0.066%	$468K	$4.1M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5300	−0.022%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.5210	−0.220%	$33K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5424	+0.252%	$211K	$40K	3x	as long as short
Extended NEAR-USDlong	+0.0160%	1h	4.5310	long leg	$4.2M	$19.3M	25x
BloFin NEAR-USDT	+0.0220%	8h	4.5300	−0.022%	$14.0M	$34.0M	75x	as long as short
Aster NEARUSDT	+0.0296%	8h	4.5275	−0.077%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0361% / S −0.0250%	1h	4.5315	+0.012%	$273K	—	100x	as long as short
01 Exchange NEARUSD	+0.0392%	1h	4.5286	−0.053%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.5290	−0.044%	$219K	$1.7M	10x	as long as short
Nado NEAR-PERP	+0.0416%	1h	4.5328	+0.041%	$2.0M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERPshort	+0.0574%	1h	4.5228	−0.181%	$1.4M	$6.7M	20x
Deribit NEAR_USDC-PERPETUAL	+0.0655%	1h	4.5369	+0.130%	$2.0M	$4.5M	25x	as long as short
Kraken Futures PF_NEARUSD	+0.0679%	1h	4.5352	+0.092%	$8.4M	$41.3M	50x	as long as short
Lighter RH NEAR	+0.0712%	1h	4.5364	+0.119%	$1.6M	$7.2M	10x	as long as short
Hyperliquid NEAR	+0.0814%	1h	4.5404	+0.208%	$379.9M	$321.0M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.5621	+0.686%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.5293	−0.037%	$574K	$1.4M	10x	as long as short
Lighter NEAR	+0.1136%	1h	4.5358	+0.106%	$18.2M	$26.9M	15x	as long as short
Aftermath Perps NEARUSD	+0.1605%	1h	4.5408	+0.215%	$6K	$12K	10x	as long as short