Funding you earn now, next payment 02:00 UTC+0.0703%/8h= +77.0% APRpaid last 24h +0.088%
Price spread now: Backpack against HTX−0.142%7-day average −0.174% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$570.570% of the position
Funding, last 7 days−0.203%−$20 on $10k
+Price spread, last 3 days (all we have)−0.128%−$13 · spread now −0.142%, 7d avg −0.174%
=Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Backpack is 0.032% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.174%. Mind the row above: over the last 7 days funding on this pair cost −0.203%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.203% in total (about -10.6% a year). A funding rate is set anew for every payment. 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 | HTX NEAR-USDT | 4.3640 | 0.0100 | pay 0.0100% / 8h | 6h 01m | $455K | $3.9M | 75x |
| Short | Backpack NEAR_USDC_PERP | 4.3578 | 0.0803 | get 0.0100% / 1h | 1m 02s | $1.5M | $6.3M | 20x |
HTX NEAR-USDT
Backpack NEAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against HTX. 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
- $147.64
- Price spread: −0.142% → −0.174%
- $3.17
- Slippage, 4 orders
- −$35
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $93.81
- Costs to cover
- 0.570%
- Break-even
- 2.6 days
Slippage from HTX: live order book, 3 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 HTX live order book, 3 min ago | 9.15 bp | 18.9 bp −$19 | 61.0 bp −$610 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 3 min ago | 1.26 bp | 9.9 bp −$10 | 19.3 bp −$193 | doesn't fit | doesn't fit |
NEAR on 44 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 | 4.3477 | −0.374% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0064% | 1h | 4.3541 | −0.227% | $2.2M | $14.2M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3501 | −0.318% | $107K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3522 | −0.270% | $553K | $19.6M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3520 | −0.275% | $196K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.110% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3510 | −0.298% | $114K | $487K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3526 | −0.262% | $408K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.3500 | −0.321% | $263.8M | $1.08B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3459 | −0.415% | $218.7M | $416.8M | 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 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3440 | −0.458% | $61.9M | $287.4M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3550 | −0.206% | $207K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3555 | −0.195% | $248K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3548 | −0.211% | $31.4M | $63.4M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3560 | −0.183% | $75.8M | $145.0M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3600 | −0.092% | $53.9M | $43.8M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3518 | −0.280% | $71.5M | $126.0M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.3530 | −0.252% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3517 | −0.281% | $8.4M | $18.3M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3594 | −0.105% | $269K | $1.0M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3541 | −0.228% | $1.4M | $1.4M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3590 | −0.115% | $196K | $775K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3519 | −0.277% | $204K | $3.6M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3539 | −0.231% | $60K | $190K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3540 | −0.229% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3595 | −0.103% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDTlong | +0.0100% | 8h | 4.3640 | long leg | $455K | $3.9M | 75x | |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3590 | −0.115% | $3.8M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3483 | −0.360% | $31K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3507 | −0.304% | $3.8M | $18.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3545 | −0.218% | $203K | $34K | 3x | as long as short |
| Aster NEARUSDT | +0.0177% | 8h | 4.3518 | −0.280% | $3.0M | $5.6M | 50x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0217% | 1h | 4.3607 | −0.076% | $7.7M | $40.6M | 50x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0347% / S −0.0242% | 1h | 4.3518 | −0.279% | $254K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0408% | 1h | 4.3554 | −0.197% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0425% | 1h | 4.3474 | −0.380% | $1.9M | $3.1M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0509% | 1h | 4.3551 | −0.205% | $548K | $1.3M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0554% | 1h | 4.3589 | −0.117% | $1.9M | $4.3M | 25x | as long as short |
| Phoenix NEAR | +0.0592% | 1h | 4.3584 | −0.128% | $1.8M | $2.6M | 10x | as long as short |
| Lighter RH NEAR | +0.0784% | 1h | 4.3664 | +0.055% | $1.6M | $7.1M | 10x | as long as short |
| Backpack NEAR_USDC_PERPshort | +0.0803% | 1h | 4.3578 | −0.142% | $1.5M | $6.3M | 20x | |
| Hyperliquid NEAR | +0.0860% | 1h | 4.3582 | −0.133% | $366.8M | $306.1M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1664% | 1h | 4.3639 | −0.002% | $5K | $12K | 10x | as long as short |
| Lighter NEAR | +0.1696% | 1h | 4.3651 | +0.026% | $17.4M | $25.8M | 15x | as long as short |
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
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
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Aster NEARUSDT
Kraken Futures PF_NEARUSD
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Nado NEAR-PERP
RISEx NEAR/USDC
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Lighter RH NEAR
Hyperliquid NEAR
Aftermath Perps NEARUSD
Lighter NEAR