Funding you earn now, next payment 01:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.082%
Price spread now: Backpack against RISEx+0.040%7-day average +0.770% · 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−$100as in the Price arb table
costs, in and out, $10k−$270.273% of the position
Funding, last 3 days (all we have)−0.077%−$8 on $10k
+Price spread, last 7 days−1.068%−$107 · spread now +0.040%, 7d avg +0.770%
=Funding pays, the price is against you. Backpack is 0.731% cheaper against RISEx than usual: you would sell low and buy high (spread +0.040% now, against its 7-day average of +0.770%). If the spread goes back, that is −$73 on $10k: about 39 days of funding at the current rate (+$2 a day). Mind the row above: over the last 3 days funding on this pair cost −0.077%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx NEAR/USDC | 4.3122 | 0.0428 | pay 0.0054% / 1h | 1m 10s | $410K | $1.2M | 10x |
| Short | Backpack NEAR_USDC_PERP | 4.3139 | 0.0491 | get 0.0061% / 1h | 1m 10s | $1.3M | $5.9M | 20x |
RISEx NEAR/USDC
Backpack NEAR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against RISEx. 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
- $13.19
- Price spread: +0.040% → +0.770%
- −$73.08
- Slippage, 4 orders
- −$11.34
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$87.23
- Costs to cover
- 0.273%
- Break-even
- 53.3 days
Slippage from RISEx: 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 RISEx live order book, 3 min ago | 2.89 bp | 5.9 bp −$6 | 19.8 bp −$198 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 3 min ago | 1.73 bp | 6.7 bp −$7 | 16.8 bp −$168 | 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 | 4.2973 | −0.345% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0131% | 1h | 4.2897 | −0.522% | $7.9M | $38.0M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0096% | 1h | 4.2854 | −0.621% | $2.1M | $13.1M | 50x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.2977 | −0.336% | $379K | $18.8M | 2.2x | as long as short |
| dYdX NEAR-USD | +0.0004% | 1h | 4.3117 | −0.011% | $112K | $64K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2982 | −0.325% | $157K | — | 150x | as long as short |
| Variational Omni NEAR | +0.0016% | 8h | 4.2957 | −0.381% | $8.2M | $18.8M | — | as long as short |
| Phemex NEARUSDT | +0.0018% | 8h | 4.2910 | −0.492% | $3.8M | $8.4M | 50x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.970% | $578 | $302K | 12x | as long as short |
| 01 Exchange NEARUSD | +0.0056% | 1h | 4.3120 | −0.005% | $13K | $7K | 10x | as long as short |
Reya NEARRUSDPERP
Kraken Futures PF_NEARUSD
Coinbase International NEAR-PERP-INTX
Kalshi KXNEARPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Variational Omni NEAR
Phemex NEARUSDT
Injective NEAR/USDC PERP
01 Exchange NEARUSDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex NEARUSDT | +0.0096% | 1h | 4.3070 | −0.120% | $115K | $473K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0098% | 8h | 4.2978 | −0.334% | $57K | $162K | 20x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3038 | −0.196% | $3.0M | $5.8M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3108 | −0.033% | $401K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2942 | −0.418% | $256.4M | $1.05B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.2923 | −0.461% | $219.7M | $416.3M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2920 | −0.468% | $60.7M | $275.3M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3110 | −0.028% | $204K | $1.7M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3243 | +0.280% | $246K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2970 | −0.352% | $30.8M | $61.4M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2980 | −0.329% | $74.1M | $142.2M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3080 | −0.097% | $55.7M | $42.6M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2956 | −0.385% | $71.1M | $122.4M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.2990 | −0.306% | — | $141.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3202 | +0.186% | $257K | $1.1M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3356 | +0.543% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3200 | +0.181% | $177K | $777K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3074 | −0.111% | $203K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2980 | −0.329% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2900 | −0.515% | $5K | $51K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.2980 | −0.329% | $453K | $3.6M | 75x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3080 | −0.097% | $31K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2901 | −0.512% | $3.8M | $17.3M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2952 | −0.394% | $200K | $31K | 3x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0216% | 1h | 4.2981 | −0.327% | $1.9M | $3.9M | 25x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2890 | −0.538% | $13.1M | $27.5M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0376% / S −0.0308% | 1h | 4.2968 | −0.357% | $275K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0426% | 1h | 4.3034 | −0.203% | $1.9M | $3.1M | 10x | as long as short |
| RISEx NEAR/USDClong | +0.0428% | 1h | 4.3122 | long leg | $410K | $1.2M | 10x | |
| Hyperliquid NEAR | +0.0467% | 1h | 4.3136 | +0.033% | $365.9M | $301.7M | 10x | as long as short |
| Backpack NEAR_USDC_PERPshort | +0.0491% | 1h | 4.3139 | +0.040% | $1.3M | $5.9M | 20x | |
| Phoenix NEAR | +0.0499% | 1h | 4.3191 | +0.160% | $1.8M | $2.7M | 10x | as long as short |
| Lighter RH NEAR | +0.0520% | 1h | 4.2984 | −0.320% | $1.6M | $7.0M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1478% | 1h | 4.3199 | +0.180% | $5K | $12K | 10x | as long as short |
| Lighter NEAR | +0.1776% | 1h | 4.2994 | −0.297% | $17.2M | $24.8M | 15x | as long as short |
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Deribit NEAR_USDC-PERPETUAL
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Hyperliquid NEAR
Phoenix NEAR
Lighter RH NEAR
Aftermath Perps NEARUSD
Lighter NEAR