NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0572%/8h= +62.6% APRnext payment +$0.71 per $10,000 · paid last 24h +0.078%

Price spread now: Deribit against ApeX Omni+0.067%74s7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as 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−$500.505% of the position

Long on ApeX Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.358%+$36 on $10k

Price spread, last 4 days (all we have)−0.234%−$23 · spread now +0.067%, 7d avg −0.002%

Together, before fees+0.124%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Deribit is 0.069% dearer against ApeX Omni than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.002%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.358% in total (about 18.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.71 per $10,000. 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	ApeX Omni NEARUSDT	4.4450	0.0394	pay 0.0049% / 1h	58m 02s	$168K	$803K	50x
Short	Deribit NEAR_USDC-PERPETUAL	4.4480	0.0966	get 0.0121% / 1h	58m 02s	$1.9M	$12.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against ApeX Omni. 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 ApeX OmnibpFee DeribitbpOrdersPrice spread, now +0.067%Rate

Funding earned: $120.12
Price spread: +0.067% → −0.002%: $6.94
Slippage, 4 orders: −$33.45
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $76.6
Costs to cover: 0.505%
Break-even: 2.5 days

Slippage from ApeX Omni: live order book, 51 min ago; Deribit: 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 ApeX Omni live order book, 51 min ago	8.16 bp	18.0 bp −$18	120.5 bp −$1,205	doesn't fit	doesn't fit
Sell Deribit live order book, 1 min ago	4.17 bp	8.1 bp −$8	doesn't fit	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	4.4468	+0.041%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4343	−0.240%	$109K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4421	−0.065%	$168K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.839%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4470	+0.045%	$113K	$501K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4458	+0.018%	$225.0M	$424.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4500	+0.112%	$62.6M	$297.2M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4419	−0.069%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4430	−0.045%	$34.1M	$59.1M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4470	+0.045%	$53.6M	$46.0M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4514	+0.144%	$73.5M	$127.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4347	−0.232%	$9.0M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4424	−0.058%	$259K	$967K	20x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4440	−0.022%	$58K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4510	+0.135%	$1K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4560	+0.247%	$461K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4450	0.000%	$3.7M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0103%	8h	4.4345	−0.236%	$32K	$608	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0119%	8h	4.4330	−0.270%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0120%	1h	4.4466	+0.036%	$207K	$40K	3x	as long as short
BingX NEAR-USDT	+0.0150%	8h	4.4580	+0.292%	—	$144.2M	—	as long as short
MEXC NEAR_USDT	+0.0154%	8h	4.4560	+0.247%	$85.3M	$143.1M	200x	as long as short
Binance NEARUSDT	+0.0159%	8h	4.4471	+0.047%	$269.7M	$1.09B	75x	as long as short
BloFin NEAR-USDT	+0.0274%	8h	4.4390	−0.135%	$13.3M	$32.8M	75x	as long as short
Kalshi KXNEARPERP	+0.0305%	8h	4.4361	−0.200%	$1.1M	$24.6M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0315% / S −0.0201%	1h	4.4439	−0.024%	$238K	—	100x	as long as short
Polymarket Perps NEAR-USD	+0.0326%	1h	4.4478	+0.063%	$277K	$4.0M	10x	as long as short
Aster NEARUSDT	+0.0344%	8h	4.4430	−0.045%	$2.9M	$5.1M	50x	as long as short
SoDEX NEAR-USD	+0.0353%	1h	4.4469	+0.043%	$5K	$52K	10x	as long as short
Nado NEAR-PERP	+0.0379%	1h	4.4450	0.000%	$1.7M	$3.2M	10x	as long as short
ApeX Omni NEARUSDTlong	+0.0394%	1h	4.4450	long leg	$168K	$803K	50x
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4497	+0.106%	$2.3M	$16.4M	50x	as long as short
Extended NEAR-USD	+0.0432%	1h	4.4545	+0.213%	$3.7M	$19.1M	25x	as long as short
01 Exchange NEARUSD	+0.0504%	1h	4.4510	+0.135%	$13K	$7K	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0656%	1h	4.4447	−0.006%	$7.4M	$39.1M	50x	as long as short
Lighter NEAR	+0.0816%	1h	4.4531	+0.183%	$17.4M	$24.6M	15x	as long as short
Arcus NEAR-USD	+0.0880%	1h	4.4470	+0.045%	$223K	$1.6M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0917%	1h	4.4466	+0.036%	$1.3M	$6.6M	20x	as long as short
Hyperliquid NEAR	+0.0930%	1h	4.4491	+0.092%	$366.2M	$312.6M	10x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.0966%	1h	4.4480	+0.067%	$1.9M	$12.2M	25x
Lighter RH NEAR	+0.0976%	1h	4.4525	+0.169%	$1.5M	$6.6M	10x	as long as short
Phoenix NEAR	+0.1033%	1h	4.4593	+0.322%	$1.8M	$2.4M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4388	−0.140%	$408K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4482	+0.072%	$692K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1268%	1h	4.4182	−0.604%	$6K	$12K	10x	as long as short