NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0247%/8h= +27.0% APRnext payment +$0.31 per $10,000 · paid last 24h +0.114%

Price spread now: Deribit against Coinbase International+0.048%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs+$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$380.385% of the position

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.595%+$59 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.048%, 7d avg +0.088%

Together, before fees+0.606%+$61 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.040% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.048% now, against its 7-day average of +0.088%). If the spread goes back, that is −$4 on $10k: about 13 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International NEAR-PERP-INTX	4.3687	0.0488	pay 0.0061% / 1h	51m 34s	$2.3M	$17.0M	50x
Short	Deribit NEAR_USDC-PERPETUAL	4.3708	0.0735	get 0.0092% / 1h	51m 34s	$1.9M	$13.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. 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 Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now +0.048%Rate

Funding earned: $51.87
Price spread: +0.048% → +0.088%: −$3.95
Slippage, 4 orders: −$21.45
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $9.46
Costs to cover: 0.385%
Break-even: 5.7 days

Slippage from Coinbase International: live order book, 3 min ago; Deribit: live order book, 3 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 Coinbase International live order book, 3 min ago	8.01 bp	13.2 bp −$13	21.3 bp −$213	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	2.52 bp	6.0 bp −$6	23.7 bp −$237	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
Kraken Futures PF_NEARUSD	−0.0433%	1h	4.3649	−0.087%	$7.2M	$38.6M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3668	−0.043%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3675	−0.027%	$107K	$67K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3618	−0.157%	$163K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.212%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3700	+0.030%	$119K	$503K	50x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3692	+0.011%	$2.7M	$4.8M	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3680	−0.016%	$220.3M	$429.1M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3690	+0.007%	$61.7M	$296.7M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3710	+0.053%	$229K	$1.5M	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk NEAR-USD	+0.0100%	1h	4.3688	+0.002%	$252K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3678	−0.021%	$36.2M	$61.6M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3720	+0.076%	$53.0M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3681	−0.014%	$72.2M	$127.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3578	−0.250%	$8.9M	$18.5M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3651	−0.082%	$253K	$894K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3670	−0.038%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3660	−0.062%	$166K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3690	+0.007%	$273K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3685	−0.005%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3670	−0.039%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3660	−0.062%	$5K	$50K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.3690	+0.007%	$3.5M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3700	+0.029%	$32K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3660	−0.061%	$3.6M	$16.1M	25x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.3675	−0.027%	$203K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0124%	1h	4.3704	+0.039%	$352.2M	$316.6M	10x	as long as short
Binance NEARUSDT	+0.0126%	8h	4.3710	+0.052%	$263.8M	$1.09B	75x	as long as short
MEXC NEAR_USDT	+0.0129%	8h	4.3700	+0.030%	$90.1M	$153.0M	200x	as long as short
BingX NEAR-USDC	+0.0144%	8h	4.3690	+0.007%	—	$6.7M	—	as long as short
Kalshi KXNEARPERP	+0.0156%	8h	4.3664	−0.053%	$925K	$25.1M	2.2x	as long as short
BloFin NEAR-USDT	+0.0252%	8h	4.3650	−0.085%	$13.4M	$32.2M	75x	as long as short
01 Exchange NEARUSD	+0.0264%	1h	4.3714	+0.062%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0306%	1h	4.3690	+0.008%	$1.7M	$3.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0346% / S −0.0247%	1h	4.3661	−0.061%	$255K	—	100x	as long as short
Lighter RH NEAR	+0.0400%	1h	4.3759	+0.165%	$1.5M	$6.4M	10x	as long as short
HTX NEAR-USDT	+0.0414%	8h	4.3790	+0.236%	$463K	$3.8M	75x	as long as short
Coinbase International NEAR-PERP-INTXlong	+0.0488%	1h	4.3687	long leg	$2.3M	$17.0M	50x
Backpack NEAR_USDC_PERP	+0.0547%	1h	4.3735	+0.110%	$1.1M	$7.2M	20x	as long as short
Lighter NEAR	+0.0640%	1h	4.3759	+0.165%	$17.2M	$23.8M	15x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.3701	+0.033%	$592K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.3710	+0.053%	$412K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.0735%	1h	4.3708	+0.048%	$1.9M	$13.1M	25x
Phoenix NEAR	+0.0740%	1h	4.3750	+0.144%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1102%	1h	4.3681	−0.014%	$5K	$7K	10x	as long as short