Funding arb · Price arb / Crypto

NEAR

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LONGCoinbase International▾Injective −0.0058%Phemex −0.0050%dYdX 0.0000%Kalshi 0.0000%Orderly +0.0044%Lighter RH +0.0096%Popdex +0.0096%Paradex +0.0099%Nado +0.0100%Aster +0.0100%Pacifica +0.0100%Binance +0.0100%Bybit +0.0100%OKX +0.0100%Gate +0.0100%MEXC +0.0100%KuCoin +0.0100%Bitget +0.0100%BingX +0.0100%Variational Omni +0.0100%edgeX +0.0100%GRVT +0.0100%ApeX Omni +0.0100%Polymarket Perps +0.0100%Bullet +0.0100%SunX +0.0100%SoDEX +0.0100%HTX +0.0100%Extended +0.0104%Aevo +0.0104%N1 +0.0184%BloFin +0.0220%Hyperliquid +0.0226%RISEx +0.0231%GMX +0.0296%Phoenix +0.0320%Deribit +0.0373%gTrade (Gains Network) +0.0416%Kraken Futures +0.0457%Arcus +0.0479%Backpack +0.0518%Aftermath Perps +0.0776%Lighter +0.0816%Coinbase International +0.5432%

⇄⇅

SHORTAvantis▾Lighter +0.0816%Aftermath Perps +0.0776%Backpack +0.0518%Arcus +0.0479%Kraken Futures +0.0457%Deribit +0.0373%Phoenix +0.0320%RISEx +0.0231%Hyperliquid +0.0226%BloFin +0.0220%GMX −0.0192%N1 +0.0184%gTrade (Gains Network) −0.0129%Extended +0.0104%Aevo +0.0104%Aster +0.0100%Pacifica +0.0100%Binance +0.0100%Bybit +0.0100%OKX +0.0100%Gate +0.0100%MEXC +0.0100%KuCoin +0.0100%Bitget +0.0100%BingX +0.0100%Variational Omni +0.0100%edgeX +0.0100%GRVT +0.0100%ApeX Omni +0.0100%Polymarket Perps +0.0100%Bullet +0.0100%SunX +0.0100%SoDEX +0.0100%HTX +0.0100%Nado +0.0100%Paradex +0.0099%Popdex +0.0096%Lighter RH +0.0096%Avantis −0.0052%Orderly +0.0044%dYdX 0.0000%Kalshi 0.0000%Phemex −0.0050%Injective −0.0058%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Coinbase InternationalNEAR-PERP-INTX	5.4097	+0.5432	pay 0.0679% / 1h	50m 18s	$1.5M	$5.0M	50x	Long Coinbase International
SHORT	AvantisNEAR/USD	5.3025	L +0.0146S −0.0052	get 0.0007% / 1h	50m 18s	$256K	—	20x	Short Avantis

Price gap−1.982%

Funding gap−0.5380% /8h

Both sides work against this direction now: funding costs $161 a day on $10k and the gap is 0.069% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.263% in total, about −0.0125%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m

1h · loading 5m…

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

P&L?

PRICE SPREAD · 7D

Now−1.982%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

Coinbase InternationalAvantis

NEAR on 45 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

• i
  Note: Order book unknown—

  No order-book sample for Avantis: its slippage is not counted.
• i
  Note: Margin at max leverage$200 + $500

  Coinbase International 50x, Avantis 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Coinbase International · 1h−$162.96

  Short Avantis · 1h+$1.57

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$161.39Long Coinbase International: 24 payments, −$162.96; short Avantis: 24 payments, +$1.57.
• !
  Watch: Gap narrower than usual−1.982% vs −1.913%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• !
  Watch: Short leg is thinner$256K vs $1.5M OI

  Avantis sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legAvantis Season 3

  Volume here counts toward the points program.
• !
  Watch: KYCCoinbase International Yes · Avantis No

  ID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0125%/8h × 21 periods−$26.25

Price spread−1.982% → −1.913% (7d avg)−$6.91

Slippage, 4 ordersno data for Avantis—

Fee Coinbase International bp × 2 orders−$8.00

Fee Avantis bp × 2 orders−$9.00

Net, fees only · 7 days · $10k−$50.16

Costs to cover0.170%Break-evennever at this rate

Slippage: Coinbase International: live order book, 3 min ago; Avantis: no order-book sample

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGCoinbase International37.85161.9 bp−$162doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTAvantis—————

Closing costs about the same again.
Avantis: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

NEAR news

posts that mention NEAR, from every exchangeSearch all news →

09-30 02:45	MEXC	Other	Not NEAR anymore. It’s here. 👀 $NRR is officially trading on NYSE Arca. Continuation or sell the news? 🤔 @MEXC on X ↗
09-30 01:05	Reya	Listing	NEARRUSDPERP no longer reported ($NEAR) seen by our collector
09-29 11:00	Bulk	Listing	NEAR-USD no longer reported ($NEAR) seen by our collector
09-28 18:50	Aevo	Other	bitcoin:native is back near $83k after trading above $86k last week. Whether you trade the continuation or pullback, all options and this week’s Perp Majors count toward the volume requirement for our year-end reward. This week’s Perp Majors include: BTC, ETH, SOL, ZEC, NEAR, HYPE, LIT, SPY, QQQ, HOOD, SNDK, MU, NVDA, TSLA, GOOGL. @aevoxyz on X ↗
09-28 14:46	RISEx	Other	This week on RISEx Market Desk: Macro: A third central bank joins the hiking cycle, and Friday delivers the first jobs report since the Fed’s pivot Crypto: Solana’s biggest upgrade yet goes live, NEAR ETF clears key hurdles, and Zcash pulls off a 3-for-1 split. Equities: One trade, three tickers - Micron ($MU) reports after the close, with potential spillover to $SKHYNIX, $DRAM, and $SNDK Watching Friday closely. Trade well @risextrade on X ↗
09-28 03:00	MEXC	Other	NEAR enough to get interesting. 👀 ETF access is getting closer. Momentum holds or cools off? @MEXC on X ↗