Funding you earn now, next payment 08:00 UTC+0.0388%/8h= +42.5% APRpaid last 24h −0.023%
Price spread now: Coinbase International against Binance−0.052%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$440.435% of the position
Funding, last 7 days−0.185%−$19 on $10k
+Price spread, last 4 days (all we have)+1.070%+$107 · spread now −0.052%, 7d avg −0.024%
=Funding pays, the price is against you. Coinbase International is 0.028% cheaper against Binance than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of −0.024%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$12 a day). Mind the row above: over the last 7 days funding on this pair cost −0.185%, 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 -0.185% in total (about -9.7% 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 | Binance NEARUSDT | 4.5055 | 0.0100 | pay 0.0100% / 8h | 7h 09m | $272.3M | $1.09B | 75x |
| Short | Coinbase International NEAR-PERP-INTX | 4.5031 | 0.0488 | get 0.0061% / 1h | 9m 00s | $2.3M | $17.7M | 50x |
Binance NEARUSDT
Coinbase International NEAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Binance. 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
- $81.48
- Price spread: −0.052% → −0.024%
- −$2.84
- Slippage, 4 orders
- −$23.54
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $35.09
- Costs to cover
- 0.435%
- Break-even
- 4.0 days
Slippage from Binance: live order book, 5 min ago; Coinbase International: 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 Binance live order book, 5 min ago | 1.12 bp | 7.5 bp −$7 | 12.3 bp −$123 | 29.0 bp −$2,902 | 99.9 bp −$50.0K |
| Sell Coinbase International live order book, 5 min ago | 7.03 bp | 14.8 bp −$15 | 21.4 bp −$214 | 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 | −0.0420% | 1h | 4.4970 | −0.188% | $7.4M | $38.5M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.4918 | −0.304% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4914 | −0.311% | $109K | $53K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4898 | −0.347% | $168K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −8.089% | $578 | $301K | 12x | as long as short |
| Phemex NEARUSDT | +0.0065% | 8h | 4.4940 | −0.254% | $3.6M | $7.7M | 50x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.5000 | −0.121% | $117K | $510K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.5020 | −0.077% | $2.7M | $4.6M | 50x | as long as short |
| Binance NEARUSDTlong | +0.0100% | 8h | 4.5055 | long leg | $272.3M | $1.09B | 75x | |
| Bybit NEARUSDT | +0.0100% | 8h | 4.5047 | −0.017% | $229.7M | $427.4M | 75x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Phemex NEARUSDT
Popdex NEARUSDT
Aster NEARUSDT
Bybit NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.5030 | −0.054% | $63.3M | $305.4M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.5020 | −0.077% | $235K | $1.4M | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4995 | −0.132% | $38.4M | $63.6M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.5020 | −0.077% | $88.9M | $164.0M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.5000 | −0.121% | $53.3M | $45.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4984 | −0.157% | $74.3M | $127.2M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.5020 | −0.077% | — | $6.7M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4878 | −0.393% | $9.4M | $17.9M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4886 | −0.375% | $265K | $898K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.4899 | −0.345% | $1.5M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.4750 | −0.676% | $168K | $826K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4945 | −0.243% | $280K | $4.0M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4893 | −0.359% | $57K | $239K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.5060 | +0.012% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4975 | −0.177% | $5K | $49K | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.4787 | −0.594% | $258K | $3K | 10x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.4970 | −0.187% | $32K | $413 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4983 | −0.158% | $3.8M | $15.1M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.4974 | −0.179% | $209K | $38K | 3x | as long as short |
| Kalshi KXNEARPERP | +0.0132% | 8h | 4.4956 | −0.219% | $919K | $25.4M | 2.2x | as long as short |
| Nado NEAR-PERP | +0.0218% | 1h | 4.4930 | −0.276% | $1.7M | $3.2M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4930 | −0.276% | $12.7M | $33.1M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0352% | 1h | 4.5047 | −0.017% | $13K | $6K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0361% / S −0.0262% | 1h | 4.4903 | −0.335% | $264K | — | 100x | as long as short |
| Hyperliquid NEAR | +0.0424% | 1h | 4.4985 | −0.155% | $365.9M | $316.8M | 10x | as long as short |
| HTX NEAR-USDT | +0.0451% | 8h | 4.5010 | −0.099% | $474K | $3.7M | 75x | as long as short |
| Coinbase International NEAR-PERP-INTXshort | +0.0488% | 1h | 4.5031 | −0.052% | $2.3M | $17.7M | 50x | |
| Lighter NEAR | +0.0504% | 1h | 4.5030 | −0.053% | $17.7M | $24.1M | 15x | as long as short |
| Lighter RH NEAR | +0.0560% | 1h | 4.5019 | −0.079% | $1.6M | $6.5M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0608% | 1h | 4.4981 | −0.163% | $1.1M | $7.1M | 20x | as long as short |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.4909 | −0.322% | $618K | $1.5M | 10x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.4935 | −0.266% | $423K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0740% | 1h | 4.4971 | −0.185% | $1.9M | $2.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1150% | 1h | 4.4757 | −0.661% | $6K | $7K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1264% | 1h | 4.4986 | −0.152% | $1.9M | $13.1M | 25x | as long as short |
OKX NEAR-USDT-SWAP
Arcus 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
Bulk NEAR-USD
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Kalshi KXNEARPERP
Nado NEAR-PERP
BloFin NEAR-USDT
01 Exchange NEARUSD
GMX NEAR/USD [ETH-USDC]
Hyperliquid NEAR
HTX NEAR-USDT
Lighter NEAR
Lighter RH NEAR
Backpack NEAR_USDC_PERP
RISEx NEAR/USDC
Pacifica NEAR
Phoenix NEAR
Aftermath Perps NEARUSD
Deribit NEAR_USDC-PERPETUAL