NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0518%/8h= +56.8% APRnext payment +$0.65 per $10,000 · paid last 24h +0.250%

Price spread now: Backpack against gTrade (Gains Network)+0.069%7-day average +0.073% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$289as in the Price arb table

costs, in and out, $10k−$2882.884% of the position

Long on gTrade (Gains Network)Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.405%+$40 on $10k

Price spread, last 4 days (all we have)−0.258%−$26 · spread now +0.069%, 7d avg +0.073%

Together, before fees+0.147%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.073%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) NEAR/USD	4.3503	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	47m 44s	$163K	—	150x
Short	Backpack NEAR_USDC_PERP	4.3533	0.0523	get 0.0065% / 1h	47m 44s	$1.4M	$6.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BackpackbpOrdersPrice spread, now +0.069%Rate

Funding earned: $108.87
Price spread: +0.069% → +0.073%: −$0.42
Slippage, 4 orders: −$268.36
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$179.9
Costs to cover: 2.884%
Break-even: 18.6 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 6 min ago; Backpack: 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 gTrade (Gains Network) virtual book (oracle venue), 6 min ago	130.02 bp	135.0 bp −$135	875.9 bp −$8,759	9405.5 bp −$940.5K	doesn't fit
Sell Backpack live order book, 1 min ago	1.83 bp	6.8 bp −$7	188.9 bp −$1,889	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	4.3558	+0.126%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3380	−0.284%	$107K	$69K	10x	as long as short
gTrade (Gains Network) NEAR/USDlong	L +0.0004% / S −0.0006%	1h	4.3503	long leg	$163K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.811%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0056%	1h	4.3594	+0.209%	$2.3M	$15.9M	50x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3390	−0.260%	$107K	$502K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3430	−0.168%	$267.0M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3380	−0.283%	$218.2M	$424.5M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3400	−0.237%	$61.9M	$291.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3771	+0.616%	$249K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.3398	−0.242%	$31.7M	$60.6M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3430	−0.168%	$73.6M	$143.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3430	−0.168%	$54.1M	$46.1M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3435	−0.157%	$71.3M	$128.9M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.3430	−0.168%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3497	−0.013%	$8.4M	$18.0M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3582	+0.182%	$255K	$948K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3520	+0.039%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3560	+0.131%	$167K	$801K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3607	+0.239%	$245K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3543	+0.092%	$56K	$245K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3670	+0.384%	$2K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3670	+0.384%	$457K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3580	+0.177%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3379	−0.286%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3553	+0.116%	$202K	$40K	3x	as long as short
Kalshi KXNEARPERP	+0.0127%	8h	4.3589	+0.197%	$581K	$22.7M	2.2x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3570	+0.154%	$13.8M	$32.3M	75x	as long as short
Pacifica NEAR	+0.0263%	1h	4.3415	−0.203%	$412K	$1.2M	10x	as long as short
Aster NEARUSDT	+0.0314%	8h	4.3473	−0.070%	$2.9M	$5.6M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0319% / S −0.0191%	1h	4.3507	+0.009%	$231K	—	100x	as long as short
SoDEX NEAR-USD	+0.0394%	1h	4.3517	+0.032%	$8K	$52K	10x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.3440	−0.145%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERPshort	+0.0523%	1h	4.3533	+0.069%	$1.4M	$6.5M	20x
Hyperliquid NEAR	+0.0589%	1h	4.3432	−0.163%	$357.5M	$318.7M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.3480	−0.053%	$213K	$1.6M	10x	as long as short
Extended NEAR-USD	+0.0648%	1h	4.3403	−0.230%	$3.9M	$19.7M	25x	as long as short
Nado NEAR-PERP	+0.0681%	1h	4.3566	+0.143%	$1.9M	$3.1M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0708%	1h	4.3530	+0.062%	$7.7M	$39.7M	50x	as long as short
Lighter RH NEAR	+0.0936%	1h	4.3462	−0.094%	$1.5M	$7.3M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3617	+0.262%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0945%	1h	4.3554	+0.117%	$1.9M	$8.2M	25x	as long as short
Lighter NEAR	+0.1152%	1h	4.3473	−0.069%	$17.5M	$24.8M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.3441	−0.142%	$595K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1637%	1h	4.3606	+0.237%	$5K	$12K	10x	as long as short