Funding you earn now, next payment 21:00 UTC−0.0124%/8h= −13.6% APRnext payment −$0.15 per $10,000 · paid last 24h −0.050%
Price spread now: Coinbase International against Bulk−0.226%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$590.593% of the position
Funding, last 3 days (all we have)−0.162%−$16 on $10k
+Price spread, last 3 days (all we have)+0.281%+$28 · spread now −0.226%, 7d avg −0.023%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Coinbase International is 0.203% cheaper against Bulk than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.023%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk NEAR-USD | 4.1550 | 0.0100 | pay 0.0013% / 1h | 27m 43s | $237K | $6K | 10x |
| Short | Coinbase International NEAR-PERP-INTX | 4.1456 | −0.0024 | pay 0.0003% / 1h | 27m 43s | $2.1M | $12.7M | 50x |
Bulk NEAR-USD
Coinbase International NEAR-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bulk. 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
- −$26.04
- Price spread: −0.226% → −0.023%
- −$20.28
- Slippage, 4 orders
- −$42.3
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$105.62
- Costs to cover
- 0.593%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 61 min ago; Coinbase International: 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 Bulk live order book, 61 min ago | 12.12 bp | 15.6 bp −$16 | 30.7 bp −$307 | 38.9 bp −$3,895 | 51.1 bp −$25.6K |
| Sell Coinbase International live order book, 1 min ago | 3.49 bp | 12.3 bp −$12 | 19.9 bp −$199 | 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 | 4.1404 | −0.352% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTXshort | −0.0024% | 1h | 4.1456 | −0.226% | $2.1M | $12.7M | 50x | |
| dYdX NEAR-USD | 0.0000% | 1h | 4.1397 | −0.368% | $104K | $54K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1486 | −0.154% | $413K | $19.1M | 2.2x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | 0.0000% | 1h | 4.1423 | −0.306% | $1.8M | $2.1M | 25x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.1423 | −0.306% | $205K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.0730 | −1.974% | $569 | $239K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1460 | −0.217% | $109K | $491K | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1417 | −0.320% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1420 | −0.313% | $2.9M | $5.9M | 50x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
Kalshi KXNEARPERP
Deribit NEAR_USDC-PERPETUAL
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Paradex NEAR-USD-PERP
Aster NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica NEAR | +0.0100% | 1h | 4.1431 | −0.287% | $366K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1429 | −0.291% | $235.9M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.1407 | −0.344% | $210.8M | $429.1M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1410 | −0.337% | $56.6M | $277.0M | 50x | as long as short |
| Bulk NEAR-USDlong | +0.0100% | 1h | 4.1550 | long leg | $237K | $6K | 10x | |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1416 | −0.323% | $29.5M | $58.1M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1410 | −0.337% | $81.2M | $143.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1440 | −0.265% | $56.0M | $45.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1392 | −0.380% | $68.9M | $127.6M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.1390 | −0.385% | — | $136.5M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.1573 | +0.056% | $7.7M | $18.4M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.1554 | +0.008% | $236K | $1.3M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1538 | −0.030% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1610 | +0.144% | $183K | $790K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.1464 | −0.207% | $201K | $3.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.1398 | −0.366% | $53K | $159K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.1520 | −0.072% | $1K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.1390 | −0.385% | $5K | $46K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.1390 | −0.385% | $3.8M | $8.4M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.1386 | −0.394% | $3.7M | $14.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.1387 | −0.391% | $201K | $65K | 3x | as long as short |
| Arcus NEAR-USD | +0.0118% | 1h | 4.1490 | −0.144% | $307K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0150% | 1h | 4.1404 | −0.352% | $7.0M | $36.7M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.1540 | −0.024% | $12.3M | $33.9M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0224% | 1h | 4.1478 | −0.173% | $12K | $7K | 10x | as long as short |
| Lighter RH NEAR | +0.0336% | 1h | 4.1479 | −0.171% | $1.4M | $7.2M | 10x | as long as short |
| Nado NEAR-PERP | +0.0338% | 1h | 4.1405 | −0.348% | $1.8M | $3.6M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0373% / S −0.0317% | 1h | 4.1419 | −0.316% | $273K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0569% | 1h | 4.1478 | −0.172% | $414K | $1.2M | 10x | as long as short |
| Phoenix NEAR | +0.0582% | 1h | 4.1501 | −0.118% | $1.7M | $2.8M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0789% | 1h | 4.1434 | −0.279% | $1.4M | $5.7M | 20x | as long as short |
| Lighter NEAR | +0.0832% | 1h | 4.1489 | −0.147% | $15.4M | $22.7M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.0990% | 1h | 4.1464 | −0.207% | $5K | $11K | 10x | as long as short |
| Hyperliquid NEAR | +0.1045% | 1h | 4.1460 | −0.217% | $348.7M | $301.8M | 10x | as long as short |
| HTX NEAR-USDT | +0.1115% | 8h | 4.1620 | +0.168% | $447K | $3.8M | 75x | as long as short |
Pacifica NEAR
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
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
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
Arcus NEAR-USD
Kraken Futures PF_NEARUSD
BloFin NEAR-USDT
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
Aftermath Perps NEARUSD
Hyperliquid NEAR
HTX NEAR-USDT