Funding you earn now, next payment 09:00 UTC+0.0454%/8h= +49.7% APRnext payment +$0.57 per $10,000 · paid last 24h +0.025%
Price spread now: Deribit against Arcus−0.375%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$250.246% of the position
Funding, last 4 days (all we have)−0.091%−$9 on $10k
+Price spread, last 4 days (all we have)+1.449%+$145 · spread now −0.375%, 7d avg +0.013%
=Funding pays, the price is against you. Deribit is 0.388% cheaper against Arcus than usual: you would sell low and buy high (spread −0.375% now, against its 7-day average of +0.013%). If the spread goes back, that is −$39 on $10k: about 2.9 days of funding at the current rate (+$14 a day). Mind the row above: over the last 4 days funding on this pair cost −0.091%, 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 4 days it paid -0.091% in total (about -8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.57 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 | Arcus NEAR-USD | 4.3720 | 0.0100 | pay 0.0013% / 1h | 49m 35s | $229K | $1.5M | 10x |
| Short | Deribit NEAR_USDC-PERPETUAL | 4.3556 | 0.0554 | get 0.0069% / 1h | 49m 35s | $1.9M | $13.1M | 25x |
Arcus NEAR-USD
Deribit NEAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Arcus. 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
- $95.34
- Price spread: −0.375% → +0.013%
- −$38.83
- Slippage, 4 orders
- −$13.05
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $31.96
- Costs to cover
- 0.246%
- Break-even
- 4.7 days
Slippage from Arcus: live order book, 4 min ago; Deribit: 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 Arcus live order book, 4 min ago | 3.44 bp | 6.8 bp −$7 | 16.1 bp −$161 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 5 min ago | 2.52 bp | 6.0 bp −$6 | 23.7 bp −$237 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0434% | 1h | 4.3517 | −0.465% | $7.2M | $38.6M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3505 | −0.491% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3573 | −0.337% | $107K | $67K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3694 | −0.059% | $164K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.284% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3580 | −0.320% | $118K | $503K | 50x | as long as short |
| Hyperliquid NEAR | +0.0100% | 1h | 4.3552 | −0.384% | $350.8M | $316.8M | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3567 | −0.351% | $2.7M | $4.8M | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3584 | −0.311% | $219.9M | $428.7M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3610 | −0.252% | $61.4M | $296.0M | 50x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Hyperliquid NEAR
Aster NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus NEAR-USDlong | +0.0100% | 1h | 4.3720 | long leg | $229K | $1.5M | 10x | |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3688 | −0.073% | $252K | $3K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3682 | −0.087% | $36.2M | $61.7M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3600 | −0.274% | $52.8M | $45.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3697 | −0.053% | $72.2M | $127.6M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3688 | −0.074% | $9.0M | $18.3M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3651 | −0.158% | $253K | $894K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3670 | −0.114% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3660 | −0.137% | $166K | $816K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3556 | −0.375% | $272K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3536 | −0.421% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3640 | −0.183% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3520 | −0.457% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3520 | −0.457% | $3.5M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3583 | −0.313% | $31K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3689 | −0.071% | $3.6M | $16.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0112% | 1h | 4.3525 | −0.446% | $202K | $40K | 3x | as long as short |
| Binance NEARUSDT | +0.0122% | 8h | 4.3614 | −0.243% | $263.2M | $1.09B | 75x | as long as short |
| MEXC NEAR_USDT | +0.0126% | 8h | 4.3600 | −0.274% | $90.2M | $153.1M | 200x | as long as short |
| BingX NEAR-USDT | +0.0133% | 8h | 4.3700 | −0.046% | — | $83.0M | — | as long as short |
| Kalshi KXNEARPERP | +0.0155% | 8h | 4.3577 | −0.327% | $922K | $25.1M | 2.2x | as long as short |
| BloFin NEAR-USDT | +0.0246% | 8h | 4.3710 | −0.023% | $12.5M | $32.2M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0264% | 1h | 4.3709 | −0.025% | $13K | $7K | 10x | as long as short |
| Nado NEAR-PERP | +0.0332% | 1h | 4.3521 | −0.454% | $1.6M | $3.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0346% / S −0.0248% | 1h | 4.3520 | −0.459% | $254K | — | 100x | as long as short |
| HTX NEAR-USDT | +0.0382% | 8h | 4.3640 | −0.183% | $461K | $3.8M | 75x | as long as short |
| Lighter RH NEAR | +0.0392% | 1h | 4.3618 | −0.233% | $1.5M | $6.4M | 10x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3690 | −0.069% | $2.3M | $17.0M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0541% | 1h | 4.3544 | −0.403% | $1.1M | $7.2M | 20x | as long as short |
| Lighter NEAR | +0.0544% | 1h | 4.3624 | −0.220% | $17.2M | $23.8M | 15x | as long as short |
| Deribit NEAR_USDC-PERPETUALshort | +0.0554% | 1h | 4.3556 | −0.375% | $1.9M | $13.1M | 25x | |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.3699 | −0.049% | $592K | $1.5M | 10x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.3596 | −0.283% | $411K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0740% | 1h | 4.3750 | +0.069% | $1.8M | $2.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1113% | 1h | 4.3636 | −0.192% | $5K | $7K | 10x | as long as short |
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
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
Binance NEARUSDT
MEXC NEAR_USDT
BingX NEAR-USDT
Kalshi KXNEARPERP
BloFin NEAR-USDT
01 Exchange NEARUSD
Nado NEAR-PERP
GMX NEAR/USD [ETH-USDC]
HTX NEAR-USDT
Lighter RH NEAR
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
Lighter NEAR
RISEx NEAR/USDC
Pacifica NEAR
Phoenix NEAR
Aftermath Perps NEARUSD