Funding you earn now, next payment 03:00 UTC+0.0471%/8h= +51.6% APRpaid last 24h +0.050%
Price spread now: Deribit against Binance−0.214%7-day average +0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs+$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$310.310% of the position
Funding, last 7 days+0.358%+$36 on $10k
+Price spread, last 4 days (all we have)+1.372%+$137 · spread now −0.214%, 7d avg +0.059%
=Funding pays, the price is against you. Deribit is 0.273% cheaper against Binance than usual: you would sell low and buy high (spread −0.214% now, against its 7-day average of +0.059%). If the spread goes back, that is −$27 on $10k: about 46 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.358% in total) that is about 5.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NEARUSDT | 4.4002 | 0.0100 | pay 0.0100% / 8h | 5h 37m | $267.7M | $1.08B | 75x |
| Short | Deribit NEAR_USDC-PERPETUAL | 4.3908 | 0.0571 | get 0.0071% / 1h | 37m 35s | $1.9M | $4.3M | 25x |
Binance NEARUSDT
Deribit NEAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $98.91
- Price spread: −0.214% → +0.059%
- −$27.32
- Slippage, 4 orders
- −$13.97
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $40.63
- Costs to cover
- 0.310%
- Break-even
- 4.1 days
Slippage from Binance: live order book, 6 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 Binance live order book, 6 min ago | 1.14 bp | 7.5 bp −$8 | 14.4 bp −$144 | 34.0 bp −$3,399 | 98.9 bp −$49.4K |
| Sell Deribit live order book, 1 min ago | 3.07 bp | 7.9 bp −$8 | 14.7 bp −$147 | 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 | 4.3941 | −0.140% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0016% | 1h | 4.3808 | −0.442% | $2.2M | $14.2M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3921 | −0.186% | $108K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.3858 | −0.328% | $588K | $19.4M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.3851 | −0.344% | $199K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.891% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3980 | −0.051% | $115K | $488K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.3943 | −0.134% | $415K | $1.2M | 10x | as long as short |
| Binance NEARUSDTlong | +0.0100% | 8h | 4.4002 | long leg | $267.7M | $1.08B | 75x | |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3964 | −0.087% | $221.9M | $417.5M | 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
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 | 4.3930 | −0.164% | $62.6M | $290.4M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3650 | −0.801% | $249K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3963 | −0.089% | $31.6M | $62.2M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.3930 | −0.164% | $75.9M | $141.5M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3950 | −0.119% | $55.4M | $44.1M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3944 | −0.133% | $72.4M | $126.3M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.3970 | −0.074% | — | $144.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4286 | +0.645% | $8.6M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4253 | +0.569% | $265K | $986K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3800 | −0.460% | $1.5M | $1.4M | 10x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3991 | −0.026% | $236K | $3.6M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3869 | −0.303% | $60K | $194K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3930 | −0.164% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3875 | −0.289% | $5K | $50K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.3920 | −0.187% | $454K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3850 | −0.346% | $3.8M | $8.1M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3956 | −0.104% | $32K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3961 | −0.095% | $3.8M | $18.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3904 | −0.224% | $204K | $34K | 3x | as long as short |
| ApeX Omni NEARUSDT | +0.0198% | 1h | 4.3790 | −0.483% | $199K | $779K | 50x | as long as short |
| Aster NEARUSDT | +0.0214% | 8h | 4.3942 | −0.138% | $3.0M | $5.5M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.3840 | −0.369% | $13.5M | $31.0M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0350% / S −0.0245% | 1h | 4.3851 | −0.343% | $257K | — | 100x | as long as short |
| 01 Exchange NEARUSD | +0.0408% | 1h | 4.3983 | −0.044% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0410% | 1h | 4.3990 | −0.028% | $209K | $1.7M | 10x | as long as short |
| Nado NEAR-PERP | +0.0420% | 1h | 4.3938 | −0.145% | $1.9M | $3.1M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUALshort | +0.0571% | 1h | 4.3908 | −0.214% | $1.9M | $4.3M | 25x | |
| Backpack NEAR_USDC_PERP | +0.0661% | 1h | 4.3911 | −0.208% | $1.4M | $6.6M | 20x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0702% | 1h | 4.3890 | −0.255% | $8.2M | $41.0M | 50x | as long as short |
| Hyperliquid NEAR | +0.0786% | 1h | 4.4024 | +0.049% | $370.6M | $303.8M | 10x | as long as short |
| Lighter RH NEAR | +0.0800% | 1h | 4.3998 | −0.010% | $1.6M | $6.9M | 10x | as long as short |
| Phoenix NEAR | +0.0855% | 1h | 4.4223 | +0.501% | $1.8M | $2.7M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0924% | 1h | 4.3986 | −0.037% | $558K | $1.3M | 10x | as long as short |
| Lighter NEAR | +0.1448% | 1h | 4.4013 | +0.024% | $17.6M | $25.8M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1748% | 1h | 4.3944 | −0.132% | $6K | $12K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
ApeX Omni NEARUSDT
Aster NEARUSDT
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
01 Exchange NEARUSD
Arcus NEAR-USD
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Kraken Futures PF_NEARUSD
Hyperliquid NEAR
Lighter RH NEAR
Phoenix NEAR
RISEx NEAR/USDC
Lighter NEAR
Aftermath Perps NEARUSD