Funding you earn now, next payment 08:00 UTC+0.0398%/8h= +43.6% APRpaid last 24h +0.049%
Price spread now: Deribit against BloFin−0.120%57s7-day average +0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as 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−$300.299% of the position
Funding, last 7 days+0.179%+$18 on $10k
+Price spread, last 4 days (all we have)+0.171%+$17 · spread now −0.120%, 7d avg +0.063%
=Funding pays, the price is against you. Deribit is 0.183% cheaper against BloFin than usual: you would sell low and buy high (spread −0.120% now, against its 7-day average of +0.063%). If the spread goes back, that is −$18 on $10k: about 37 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.179% in total) that is about 7.1 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.179% in total (about 9.4% 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 | BloFin NEAR-USDT | 4.3450 | 0.0298 | pay 0.0298% / 8h | 22m 23s | $13.4M | $32.0M | 75x |
| Short | Deribit NEAR_USDC-PERPETUAL | 4.3398 | 0.0696 | get 0.0087% / 1h | 22m 23s | $1.9M | $13.2M | 25x |
BloFin NEAR-USDT
Deribit NEAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $83.58
- Price spread: −0.120% → +0.063%
- −$18.29
- Slippage, 4 orders
- −$10.85
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $35.43
- Costs to cover
- 0.299%
- Break-even
- 4.0 days
Slippage from BloFin: live order book, 7 min ago; Deribit: live order book, 2 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, 7 min ago | 2.31 bp | 8.3 bp −$8 | 9.9 bp −$99 | 24.8 bp −$2,475 | 88.3 bp −$44.1K |
| Sell Deribit live order book, 2 min ago | 2.53 bp | 6.0 bp −$6 | 13.3 bp −$133 | 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 | 4.3418 | −0.074% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3382 | −0.157% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3379 | −0.164% | $162K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0017% | 1h | 4.3382 | −0.157% | $7.1M | $38.3M | 50x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.695% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3420 | −0.069% | $113K | $498K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3355 | −0.219% | $219.0M | $429.1M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3360 | −0.207% | $60.9M | $292.9M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3196 | −0.585% | $246K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3406 | −0.101% | $35.4M | $62.7M | 75x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3420 | −0.069% | $52.7M | $46.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3363 | −0.200% | $71.8M | $127.9M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3237 | −0.490% | $8.8M | $18.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3242 | −0.480% | $251K | $898K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3235 | −0.494% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3250 | −0.460% | $165K | $815K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3439 | −0.025% | $278K | $4.2M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3373 | −0.177% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3480 | +0.069% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3392 | −0.133% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3420 | −0.069% | $3.5M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3424 | −0.059% | $31K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3349 | −0.234% | $3.6M | $16.9M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0128% | 1h | 4.3378 | −0.165% | $202K | $38K | 3x | as long as short |
| HTX NEAR-USDT | +0.0142% | 8h | 4.3500 | +0.115% | $464K | $3.8M | 75x | as long as short |
| Aster NEARUSDT | +0.0160% | 8h | 4.3421 | −0.067% | $2.7M | $4.9M | 50x | as long as short |
| Hyperliquid NEAR | +0.0175% | 1h | 4.3454 | +0.009% | $350.2M | $315.4M | 10x | as long as short |
| Binance NEARUSDT | +0.0176% | 8h | 4.3421 | −0.066% | $263.0M | $1.09B | 75x | as long as short |
| Kalshi KXNEARPERP | +0.0178% | 8h | 4.3422 | −0.064% | $941K | $25.1M | 2.2x | as long as short |
| MEXC NEAR_USDT | +0.0178% | 8h | 4.3420 | −0.069% | $85.2M | $152.1M | 200x | as long as short |
| BingX NEAR-USDT | +0.0184% | 8h | 4.3370 | −0.184% | — | $144.5M | — | as long as short |
| 01 Exchange NEARUSD | +0.0248% | 1h | 4.3456 | +0.014% | $13K | $7K | 10x | as long as short |
| BloFin NEAR-USDTlong | +0.0298% | 8h | 4.3450 | long leg | $13.4M | $32.0M | 75x | |
| GMX NEAR/USD [ETH-USDC] | L +0.0318% / S −0.0206% | 1h | 4.3384 | −0.153% | $235K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0405% | 1h | 4.3395 | −0.127% | $1.7M | $3.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0437% | 1h | 4.3482 | +0.074% | $1.0M | $7.1M | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3429 | −0.048% | $2.3M | $16.9M | 50x | as long as short |
| Lighter RH NEAR | +0.0568% | 1h | 4.3447 | −0.007% | $1.5M | $6.7M | 10x | as long as short |
| Lighter NEAR | +0.0592% | 1h | 4.3442 | −0.019% | $17.1M | $25.3M | 15x | as long as short |
| Arcus NEAR-USD | +0.0638% | 1h | 4.3440 | −0.023% | $228K | $1.6M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUALshort | +0.0696% | 1h | 4.3398 | −0.120% | $1.9M | $13.2M | 25x | |
| Pacifica NEAR | +0.0949% | 1h | 4.3412 | −0.087% | $409K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0949% | 1h | 4.3360 | −0.207% | $1.8M | $2.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0965% | 1h | 4.3445 | −0.012% | $606K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1174% | 1h | 4.3271 | −0.412% | $5K | $7K | 10x | as long as short |
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
HTX NEAR-USDT
Aster NEARUSDT
Hyperliquid NEAR
Binance NEARUSDT
Kalshi KXNEARPERP
MEXC NEAR_USDT
BingX NEAR-USDT
01 Exchange NEARUSD
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Coinbase International NEAR-PERP-INTX
Lighter RH NEAR
Lighter NEAR
Arcus NEAR-USD
Pacifica NEAR
Phoenix NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD