Funding you earn now, next payment 22:00 UTC−0.0132%/8h= −14.5% APRpaid last 24h −0.048%
Price spread now: Coinbase International against BingX+0.185%53s7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as 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−$360.356% of the position
Funding, last 7 days−0.134%−$13 on $10k
+Price spread, last 3 days (all we have)+0.833%+$83 · spread now +0.185%, 7d avg −0.007%
=The price spread pays, funding is against you. Coinbase International is 0.192% dearer against BingX than usual: you sell high and buy low (spread +0.185% now, against its 7-day average of −0.007%): +$19 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.8 days. At the pace of the last 7 days (−0.134% in total) that is about 10 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX NEAR-USDT | 4.1730 | 0.0100 | pay 0.0100% / 8h | 1h 33m | — | $136.8M | — |
| Short | Coinbase International NEAR-PERP-INTX | 4.1807 | −0.0032 | pay 0.0004% / 1h | 33m 28s | $2.1M | $12.7M | 50x |
BingX NEAR-USDT
Coinbase International NEAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against BingX. 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
- −$27.72
- Price spread: +0.185% → −0.007%
- $19.18
- Slippage, 4 orders
- −$15.64
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$44.18
- Costs to cover
- 0.356%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Coinbase International: live order book, 6 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 BingX live order book, 6 min ago | 1.21 bp | 6.2 bp −$6 | 11.0 bp −$110 | 13.7 bp −$1,371 | 32.7 bp −$16.4K |
| Sell Coinbase International live order book, 6 min ago | 3.74 bp | 12.1 bp −$12 | 19.8 bp −$198 | 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 | 4.1712 | −0.044% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTXshort | −0.0032% | 1h | 4.1807 | +0.185% | $2.1M | $12.7M | 50x | |
| Injective NEAR/USDC PERP | −0.0002% | 1h | 4.1410 | −0.767% | $578 | $302K | 12x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1804 | +0.176% | $108K | $58K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1810 | +0.192% | $431K | $18.5M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1754 | +0.058% | $206K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0048% | 1h | 4.1838 | +0.258% | $7.6M | $36.8M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0072% | 1h | 4.1834 | +0.249% | $12K | $7K | 10x | as long as short |
| Lighter RH NEAR | +0.0096% | 1h | 4.1866 | +0.326% | $1.5M | $6.9M | 10x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1780 | +0.120% | $111K | $483K | 50x | as long as short |
Reya NEARRUSDPERP
Injective NEAR/USDC PERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Lighter RH NEAR
Popdex NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.1748 | +0.043% | $53K | $158K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1813 | +0.200% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1810 | +0.192% | $2.9M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1836 | +0.253% | $362K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1739 | +0.021% | $238.6M | $1.07B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1730 | 0.000% | $212.7M | $423.1M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1730 | 0.000% | $57.4M | $276.1M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.1830 | +0.240% | $311K | $1.6M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1500 | −0.551% | $236K | $4K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1749 | +0.046% | $29.9M | $57.3M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1730 | 0.000% | $82.1M | $141.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1750 | +0.048% | $55.0M | $44.4M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1717 | −0.031% | $69.3M | $125.4M | 75x | as long as short |
| BingX NEAR-USDTlong | +0.0100% | 8h | 4.1730 | long leg | — | $136.8M | — | |
| Variational Omni NEAR | +0.0100% | 8h | 4.1530 | −0.479% | $7.7M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1767 | +0.088% | $238K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1831 | +0.242% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1790 | +0.144% | $175K | $793K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1755 | +0.060% | $206K | $3.2M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1840 | +0.264% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1810 | +0.192% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1810 | +0.192% | $3.8M | $8.2M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1803 | +0.175% | $3.8M | $14.7M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1795 | +0.156% | $201K | $62K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1830 | +0.240% | $12.3M | $33.5M | 75x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0228% | 1h | 4.1824 | +0.225% | $1.8M | $2.1M | 25x | as long as short |
| Lighter NEAR | +0.0280% | 1h | 4.1896 | +0.398% | $16.0M | $23.2M | 15x | as long as short |
| Hyperliquid NEAR | +0.0295% | 1h | 4.1791 | +0.146% | $352.6M | $298.6M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0364% | 1h | 4.1840 | +0.263% | $411K | $1.2M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0381% / S −0.0328% | 1h | 4.1744 | +0.033% | $281K | — | 100x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0438% | 1h | 4.1869 | +0.333% | $1.2M | $5.7M | 20x | as long as short |
| Nado NEAR-PERP | +0.0530% | 1h | 4.1717 | −0.030% | $1.8M | $3.5M | 10x | as long as short |
| Phoenix NEAR | +0.0542% | 1h | 4.1571 | −0.381% | $1.7M | $2.7M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.0825% | 1h | 4.1688 | −0.101% | $5K | $11K | 10x | as long as short |
| HTX NEAR-USDT | +0.0986% | 8h | 4.1930 | +0.479% | $450K | $3.6M | 75x | as long as short |
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
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
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
BloFin NEAR-USDT
Deribit NEAR_USDC-PERPETUAL
Lighter NEAR
Hyperliquid NEAR
RISEx NEAR/USDC
GMX NEAR/USD [ETH-USDC]
Backpack NEAR_USDC_PERP
Nado NEAR-PERP
Phoenix NEAR
Aftermath Perps NEARUSD
HTX NEAR-USDT