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Funding arb · Price arb /

NEAR

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%
Price spread now: Polymarket Perps against Bybit−0.044%7-day average +0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$350.345% of the position
Long on BybitShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days+0.033%+$3 on $10k
Price spread, last 7 days+0.077%+$8 · spread now −0.044%, 7d avg +0.050%
Together, before fees+0.110%+$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.094% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.050%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit NEARUSDT4.35180.0100pay 0.0100% / 8h3h 53m$219.4M$424.3M75x
ShortPolymarket Perps NEAR-USD4.34990.0100get 0.0013% / 1h53m 01s$248K$3.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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

Funding earned
$0
Price spread: −0.044% → +0.050%
−$9.36
Slippage, 4 orders
−$15.53
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$43.89
Costs to cover
0.345%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; Polymarket Perps: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 1 min ago1.14 bp13.0 bp −$1316.5 bp −$16533.8 bp −$3,375126.0 bp −$63.0K
Sell Polymarket Perps live order book, 6 min ago2.73 bp6.7 bp −$712.3 bp −$123doesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.3480−0.088%$2K—20xas long as short
dYdX NEAR-USD0.0000%1h4.3502−0.037%$107K$69K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.3495−0.053%$163K—150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−4.844%$578$301K12xas long as short
Coinbase International NEAR-PERP-INTX+0.0056%1h4.3578+0.138%$2.3M$15.8M50xas long as short
Popdex NEARUSDT+0.0096%1h4.3480−0.087%$107K$501K50xas long as short
Binance NEARUSDT+0.0100%8h4.3580+0.142%$268.1M$1.10B75xas long as short
Bybit NEARUSDTlong+0.0100%8h4.3518long leg$219.4M$424.3M75x
OKX NEAR-USDT-SWAP+0.0100%8h4.3510−0.018%$62.2M$293.1M50xas long as short
Bulk NEAR-USD+0.0100%1h4.3771+0.582%$249K−$010xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NEAR_USDT+0.0100%8h4.3499−0.044%$31.8M$60.4M75xas long as short
MEXC NEAR_USDT+0.0100%8h4.3530+0.028%$74.7M$143.4M200xas long as short
KuCoin NEARUSDTM+0.0100%8h4.3530+0.028%$54.2M$46.0M75xas long as short
Bitget NEARUSDT+0.0100%8h4.3538+0.046%$71.5M$129.2M75xas long as short
BingX NEAR-USDC+0.0100%8h4.3510−0.018%—$6.6M—as long as short
Variational Omni NEAR+0.0100%8h4.3637+0.274%$8.4M$18.0M—as long as short
edgeX NEARUSDC+0.0100%4h4.3758+0.551%$263K$941K20xas long as short
GRVT NEAR_USDT_Perp+0.0100%8h4.3610+0.211%$1.4M$1.5M10xas long as short
ApeX Omni NEARUSDT+0.0100%1h4.3730+0.487%$168K$800K50xas long as short
Polymarket Perps NEAR-USDshort+0.0100%1h4.3499−0.044%$248K$3.9M10x
Orderly PERP_NEAR_USDC+0.0100%8h4.3556+0.087%$56K$242K20xas long as short
SunX NEAR-USDT+0.0100%8h4.3580+0.142%$2K$1.4M20xas long as short
HTX NEAR-USDT+0.0100%8h4.3640+0.280%$453K$4.0M75xas long as short
Phemex NEARUSDT+0.0100%8h4.3540+0.051%$3.7M$8.4M50xas long as short
Paradex NEAR-USD-PERP+0.0101%8h4.3399−0.273%$31K$60810xas long as short
Aevo NEAR-PERP+0.0104%1h4.3513−0.011%$202K$40K3xas long as short
Kalshi KXNEARPERP+0.0162%8h4.3623+0.241%$583K$22.7M2.2xas long as short
BloFin NEAR-USDT+0.0220%8h4.3590+0.165%$13.7M$32.3M75xas long as short
Pacifica NEAR+0.0263%1h4.3552+0.078%$414K$1.2M10xas long as short
Aster NEARUSDT+0.0313%8h4.3550+0.074%$2.9M$5.5M50xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0319% / S −0.0191%1h4.3499−0.043%$231K—100xas long as short
SoDEX NEAR-USD+0.0355%1h4.3509−0.021%$8K$52K10xas long as short
Backpack NEAR_USDC_PERP+0.0524%1h4.3515−0.007%$1.3M$6.5M20xas long as short
01 Exchange NEARUSD+0.0544%1h4.3491−0.062%$13K$7K10xas long as short
Hyperliquid NEAR+0.0581%1h4.3535+0.039%$358.8M$318.0M10xas long as short
Extended NEAR-USD+0.0624%1h4.3525+0.015%$3.9M$19.7M25xas long as short
Arcus NEAR-USD+0.0627%1h4.3510−0.018%$214K$1.6M10xas long as short
Nado NEAR-PERP+0.0691%1h4.3485−0.076%$1.9M$3.1M10xas long as short
Kraken Futures PF_NEARUSD+0.0708%1h4.3524+0.014%$7.7M$39.9M50xas long as short
Lighter RH NEAR+0.0856%1h4.3572+0.124%$1.6M$7.2M10xas long as short
Phoenix NEAR+0.0941%1h4.3617+0.227%$1.8M$2.8M10xas long as short
RISEx NEAR/USDC+0.1162%1h4.3507−0.024%$596K$1.4M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.1221%1h4.3573+0.126%$1.9M$8.1M25xas long as short
Lighter NEAR+0.1360%1h4.3619+0.233%$17.6M$24.8M15xas long as short
Aftermath Perps NEARUSD+0.1642%1h4.3745+0.521%$5K$12K10xas long as short