Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.067%
Price spread now: Injective against Bybit−6.587%58s7-day average +0.990% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 3 days (all we have)+8.568%+$857 · spread now −6.587%, 7d avg +0.990%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 7.577% cheaper against Bybit than usual: you would sell low and buy high (−$758 if the spread goes back to its 7-day average of +0.990%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.068%, so the current rate has only just turned against you. The two prices were read 58 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 | Bybit NEARUSDT | 4.4330 | 0.0100 | pay 0.0100% / 8h | 5h 36m | $223.6M | $418.1M | 75x |
| Short | Injective NEAR/USDC PERP | 4.1410 | 0.0033 | get 0.0004% / 1h | 36m 23s | $578 | $302K | 12x |
Bybit NEARUSDT
Injective NEAR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- −$14
- Price spread: −6.587% → +0.990%
- −$757.71
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$782.73
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.
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 Bybit live order book, 3 min ago | 1.14 bp | 11.3 bp −$11 | 16.8 bp −$168 | 35.3 bp −$3,534 | 159.4 bp −$79.7K |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 4.4282 | −0.107% | $2K | — | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0016% | 1h | 4.4050 | −0.632% | $2.2M | $14.3M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.4130 | −0.452% | $109K | $70K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.4034 | −0.668% | $612K | $19.4M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.4298 | −0.072% | $201K | — | 150x | as long as short |
| Injective NEAR/USDC PERPshort | +0.0033% | 1h | 4.1410 | −6.587% | $578 | $302K | 12x | |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4160 | −0.383% | $116K | $488K | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.4161 | −0.381% | $417K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.4319 | −0.025% | $268.7M | $1.08B | 75x | as long as short |
| Bybit NEARUSDTlong | +0.0100% | 8h | 4.4330 | long leg | $223.6M | $418.1M | 75x |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Popdex NEARUSDT
Pacifica NEAR
Binance NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.4290 | −0.090% | $63.2M | $292.9M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3650 | −1.534% | $249K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4270 | −0.135% | $31.9M | $62.2M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.4280 | −0.113% | $76.3M | $141.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4280 | −0.113% | $55.8M | $44.2M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4283 | −0.106% | $72.9M | $126.3M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.4300 | −0.068% | — | $6.6M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.4286 | −0.098% | $8.6M | $18.2M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.4253 | −0.175% | $265K | $986K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3800 | −1.196% | $1.5M | $1.4M | 10x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4164 | −0.374% | $236K | $3.6M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.4324 | −0.014% | $60K | $195K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4030 | −0.677% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.4047 | −0.638% | $5K | $50K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.4160 | −0.383% | $456K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.4100 | −0.519% | $3.9M | $8.1M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.4134 | −0.442% | $32K | $608 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.4063 | −0.602% | $3.8M | $18.6M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.3980 | −0.790% | $205K | $34K | 3x | as long as short |
| ApeX Omni NEARUSDT | +0.0198% | 1h | 4.3790 | −1.218% | $199K | $779K | 50x | as long as short |
| Aster NEARUSDT | +0.0217% | 8h | 4.4134 | −0.441% | $3.0M | $5.4M | 50x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.4110 | −0.496% | $13.6M | $31.2M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0351% / S −0.0245% | 1h | 4.4301 | −0.065% | $259K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0397% | 1h | 4.4250 | −0.181% | $1.9M | $3.1M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0408% | 1h | 4.4123 | −0.467% | $13K | $7K | 10x | as long as short |
| Arcus NEAR-USD | +0.0410% | 1h | 4.4130 | −0.451% | $210K | $1.7M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0614% | 1h | 4.4004 | −0.735% | $1.9M | $4.4M | 25x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0668% | 1h | 4.4127 | −0.458% | $1.4M | $6.6M | 20x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0699% | 1h | 4.4076 | −0.573% | $8.2M | $41.0M | 50x | as long as short |
| Hyperliquid NEAR | +0.0807% | 1h | 4.4245 | −0.192% | $372.4M | $303.9M | 10x | as long as short |
| Lighter RH NEAR | +0.0808% | 1h | 4.4216 | −0.257% | $1.6M | $6.9M | 10x | as long as short |
| Phoenix NEAR | +0.0855% | 1h | 4.4223 | −0.241% | $1.8M | $2.7M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0924% | 1h | 4.4126 | −0.460% | $558K | $1.3M | 10x | as long as short |
| Lighter NEAR | +0.1448% | 1h | 4.4238 | −0.207% | $17.7M | $25.8M | 15x | as long as short |
| Aftermath Perps NEARUSD | +0.1728% | 1h | 4.4021 | −0.696% | $6K | $12K | 10x | as long as short |
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
ApeX Omni NEARUSDT
Aster NEARUSDT
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
01 Exchange NEARUSD
Arcus NEAR-USD
Deribit NEAR_USDC-PERPETUAL
Backpack NEAR_USDC_PERP
Kraken Futures PF_NEARUSD
Hyperliquid NEAR
Lighter RH NEAR
Phoenix NEAR
RISEx NEAR/USDC
Lighter NEAR
Aftermath Perps NEARUSD