NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0969%/8h= +106.1% APRnext payment +$1.21 per $10,000 · paid last 24h +0.078%

Price spread now: Deribit against Bulk+0.530%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$6as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on Bulk Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.246%+$25 on $10k

Price spread, last 4 days (all we have)−0.154%−$15 · spread now +0.530%, 7d avg +0.079%

Together, before fees+0.092%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Deribit is 0.450% dearer against Bulk than usual: you sell high and buy low: +$45 more if the spread goes back to its 7-day average of +0.079%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.246% in total (about 24.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.21 per $10,000. 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	Bulk NEAR-USD	4.3050	0.0100	pay 0.0013% / 1h	16m 51s	$245K	−$0	10x
Short	Deribit NEAR_USDC-PERPETUAL	4.3278	0.1069	get 0.0134% / 1h	16m 51s	$2.0M	$11.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bulk. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BulkbpFee DeribitbpOrdersPrice spread, now +0.530%Rate

Funding earned: $203.49
Price spread: +0.530% → +0.079%: $45.04
Slippage, 4 orders: −$24.95
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $209.58
Costs to cover: 0.389%
Break-even: from the start

Slippage from Bulk: live order book, 32 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 Bulk live order book, 32 min ago	11.67 bp	15.2 bp −$15	15.2 bp −$152	26.9 bp −$2,694	41.3 bp −$20.6K
Sell Deribit live order book, 2 min ago	0.81 bp	4.3 bp −$4	13.0 bp −$130	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	4.3193	+0.333%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3287	+0.551%	$107K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3250	+0.464%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.810%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3270	+0.511%	$114K	$497K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3370	+0.743%	$217.1M	$420.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3390	+0.790%	$61.0M	$288.0M	50x	as long as short
Bulk NEAR-USDlong	+0.0100%	1h	4.3050	long leg	$245K	−$0	10x
Gate NEAR_USDT	+0.0100%	8h	4.3325	+0.639%	$32.9M	$60.3M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3220	+0.395%	$52.2M	$46.1M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.3390	+0.790%	$71.6M	$127.0M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3197	+0.342%	$8.4M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3265	+0.499%	$261K	$956K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3442	+0.910%	$1.4M	$1.5M	10x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3236	+0.432%	$266K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3268	+0.506%	$56K	$243K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3330	+0.650%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3330	+0.650%	$467K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3250	+0.465%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3308	+0.600%	$31K	$608	10x	as long as short
BingX NEAR-USDT	+0.0105%	8h	4.3380	+0.767%	—	$143.5M	—	as long as short
MEXC NEAR_USDT	+0.0109%	8h	4.3350	+0.697%	$78.4M	$145.1M	200x	as long as short
Binance NEARUSDT	+0.0109%	8h	4.3380	+0.766%	$264.1M	$1.09B	75x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.3295	+0.569%	$201K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0229%	8h	4.3250	+0.465%	$13.2M	$31.7M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0256%	1h	4.3297	+0.574%	$2.3M	$16.2M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0311% / S −0.0201%	1h	4.3227	+0.412%	$231K	—	100x	as long as short
Kalshi KXNEARPERP	+0.0316%	8h	4.3325	+0.639%	$988K	$24.7M	2.2x	as long as short
Aster NEARUSDT	+0.0334%	8h	4.3243	+0.448%	$2.8M	$5.3M	50x	as long as short
ApeX Omni NEARUSDT	+0.0367%	1h	4.3490	+1.022%	$167K	$795K	50x	as long as short
Nado NEAR-PERP	+0.0403%	1h	4.3245	+0.452%	$1.7M	$3.2M	10x	as long as short
Extended NEAR-USD	+0.0504%	1h	4.3159	+0.254%	$3.7M	$19.5M	25x	as long as short
SoDEX NEAR-USD	+0.0556%	1h	4.3235	+0.430%	$5K	$52K	10x	as long as short
Hyperliquid NEAR	+0.0661%	1h	4.3425	+0.871%	$355.8M	$310.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0680%	1h	4.3248	+0.460%	$1.3M	$6.6M	20x	as long as short
Kraken Futures PF_NEARUSD	+0.0732%	1h	4.3230	+0.418%	$7.3M	$39.1M	50x	as long as short
01 Exchange NEARUSD	+0.0736%	1h	4.3335	+0.662%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0814%	1h	4.3340	+0.674%	$224K	$1.6M	10x	as long as short
Pacifica NEAR	+0.0847%	1h	4.3342	+0.679%	$397K	$1.3M	10x	as long as short
Lighter NEAR	+0.0928%	1h	4.3308	+0.599%	$16.9M	$25.2M	15x	as long as short
Phoenix NEAR	+0.1033%	1h	4.3541	+1.141%	$1.8M	$2.5M	10x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.1069%	1h	4.3278	+0.530%	$2.0M	$11.7M	25x
Lighter RH NEAR	+0.1112%	1h	4.3307	+0.597%	$1.4M	$7.4M	10x	as long as short
RISEx NEAR/USDC	+0.1220%	1h	4.3313	+0.612%	$687K	$1.3M	10x	as long as short
Aftermath Perps NEARUSD	+0.1332%	1h	4.3243	+0.448%	$5K	$12K	10x	as long as short