Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.038%
Price spread now: Bybit against BloFin−0.436%112s7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as 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−$500.501% of the position
Funding, last 7 days−0.250%−$25 on $10k
+Price spread, last 3 days (all we have)+0.114%+$11 · spread now −0.436%, 7d avg −0.038%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.398% cheaper against BloFin than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of −0.038%). Swap the legs. The two prices were read 112 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 | BloFin NEAR-USDT | 4.1330 | 0.0220 | pay 0.0220% / 8h | 2h 21m | $12.2M | $33.7M | 75x |
| Short | Bybit NEARUSDT | 4.1150 | 0.0100 | get 0.0100% / 8h | 2h 21m | $209.4M | $428.4M | 75x |
BloFin NEAR-USDT
Bybit NEARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$25.2
- Price spread: −0.436% → −0.038%
- −$39.77
- Slippage, 4 orders
- −$27.14
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$115.11
- Costs to cover
- 0.501%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Bybit: live order book, 3 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 BloFin live order book, 3 min ago | 9.69 bp | 15.7 bp −$16 | 18.1 bp −$181 | 43.3 bp −$4,327 | 125.8 bp −$62.9K |
| Sell Bybit live order book, 3 min ago | 1.21 bp | 9.6 bp −$10 | 18.7 bp −$187 | 37.8 bp −$3,783 | 156.0 bp −$78.0K |
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 | 4.1114 | −0.522% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0024% | 1h | 4.1220 | −0.266% | $2.1M | $12.6M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1220 | −0.267% | $104K | $54K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1211 | −0.288% | $411K | $19.0M | 2.2x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | 0.0000% | 1h | 4.1193 | −0.331% | $1.8M | $2.1M | 25x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1165 | −0.398% | $204K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | +0.194% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1130 | −0.484% | $108K | $489K | 50x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.1178 | −0.368% | $53K | $159K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1178 | −0.369% | $30K | $647 | 10x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
Deribit NEAR_USDC-PERPETUAL
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERPShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster NEARUSDT | +0.0100% | 8h | 4.1181 | −0.360% | $2.9M | $5.9M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1212 | −0.284% | $365K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1161 | −0.409% | $234.4M | $1.08B | 75x | as long as short |
| Bybit NEARUSDTshort | +0.0100% | 8h | 4.1150 | −0.436% | $209.4M | $428.4M | 75x | |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1150 | −0.436% | $56.1M | $274.8M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1200 | −0.315% | $235K | $6K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1159 | −0.414% | $29.3M | $58.2M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1130 | −0.484% | $80.8M | $144.1M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1140 | −0.460% | $55.5M | $45.1M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1155 | −0.423% | $68.5M | $127.2M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.1160 | −0.411% | — | $136.5M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1444 | +0.275% | $7.7M | $18.5M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1292 | −0.092% | $235K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1258 | −0.173% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1290 | −0.097% | $181K | $791K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1149 | −0.438% | $207K | $3.1M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1170 | −0.387% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1169 | −0.390% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1190 | −0.339% | $3.8M | $8.4M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1151 | −0.432% | $3.7M | $14.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1165 | −0.400% | $199K | $65K | 3x | as long as short |
| Arcus NEAR-USD | +0.0118% | 1h | 4.1180 | −0.363% | $305K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0151% | 1h | 4.1168 | −0.393% | $7.0M | $36.5M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0208% | 1h | 4.1143 | −0.452% | $12K | $7K | 10x | as long as short |
| BloFin NEAR-USDTlong | +0.0220% | 8h | 4.1330 | long leg | $12.2M | $33.7M | 75x | |
| Lighter RH NEAR | +0.0296% | 1h | 4.1235 | −0.230% | $1.4M | $7.2M | 10x | as long as short |
| Nado NEAR-PERP | +0.0365% | 1h | 4.1115 | −0.520% | $1.8M | $3.6M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0371% / S −0.0317% | 1h | 4.1171 | −0.384% | $271K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.1180 | −0.363% | $411K | $1.2M | 10x | as long as short |
| Phoenix NEAR | +0.0582% | 1h | 4.1304 | −0.063% | $1.7M | $2.8M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0770% | 1h | 4.1207 | −0.298% | $1.4M | $5.7M | 20x | as long as short |
| Lighter NEAR | +0.0848% | 1h | 4.1242 | −0.213% | $15.2M | $23.0M | 15x | as long as short |
| Hyperliquid NEAR | +0.0966% | 1h | 4.1187 | −0.346% | $345.7M | $299.5M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.0998% | 1h | 4.1347 | +0.040% | $5K | $11K | 10x | as long as short |
| HTX NEAR-USDT | +0.1101% | 8h | 4.1330 | 0.000% | $444K | $3.7M | 75x | as long as short |
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
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
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Arcus NEAR-USD
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Lighter RH NEAR
Nado NEAR-PERP
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Phoenix NEAR
Backpack NEAR_USDC_PERP
Lighter NEAR
Hyperliquid NEAR
Aftermath Perps NEARUSD
HTX NEAR-USDT