Funding you earn now, next payment 08:00 UTC−0.0455%/8h= −49.8% APRnext payment −$0.57 per $10,000 · paid last 24h +0.008%
Price spread now: Injective against Coinbase International−5.097%7-day average +0.516% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.226%+$23 on $10k
+Price spread, last 4 days (all we have)+6.949%+$695 · spread now −5.097%, 7d avg +0.516%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Injective is 5.613% cheaper against Coinbase International than usual: you would sell low and buy high (−$561 if the spread goes back to its 7-day average of +0.516%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.226%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.226% in total (about 11.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.57 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 | Coinbase International NEAR-PERP-INTX | 4.3634 | 0.0488 | pay 0.0061% / 1h | 55m 09s | $2.3M | $17.0M | 50x |
| Short | Injective NEAR/USDC PERP | 4.1410 | 0.0033 | get 0.0004% / 1h | 55m 09s | $578 | $301K | 12x |
Coinbase International NEAR-PERP-INTX
Injective NEAR/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$95.48
- Price spread: −5.097% → +0.516%
- −$561.27
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$666.77
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 4 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 Coinbase International live order book, 4 min ago | 6.63 bp | 11.6 bp −$12 | 25.7 bp −$257 | doesn't fit | doesn't fit |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0433% | 1h | 4.3610 | −0.055% | $7.2M | $38.6M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.3558 | −0.174% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.3514 | −0.276% | $107K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3608 | −0.060% | $163K | — | 150x | as long as short |
| Injective NEAR/USDC PERPshort | +0.0033% | 1h | 4.1410 | −5.097% | $578 | $301K | 12x | |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3550 | −0.193% | $115K | $500K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3705 | +0.162% | $2.7M | $4.8M | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3730 | +0.220% | $220.6M | $429.4M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3730 | +0.220% | $61.5M | $297.1M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.3570 | −0.147% | $228K | $1.5M | 10x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Popdex NEARUSDT
Aster NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USDShow 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 | +0.124% | $252K | $3K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3694 | +0.138% | $36.2M | $61.6M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3700 | +0.151% | $52.9M | $45.9M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3690 | +0.128% | $72.2M | $127.6M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3578 | −0.129% | $8.9M | $18.5M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3672 | +0.087% | $253K | $892K | 20x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3710 | +0.174% | $167K | $815K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3565 | −0.158% | $272K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3654 | +0.046% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3640 | +0.014% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3620 | −0.032% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3690 | +0.128% | $3.5M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3535 | −0.228% | $31K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3593 | −0.095% | $3.6M | $16.2M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0112% | 1h | 4.3621 | −0.030% | $203K | $40K | 3x | as long as short |
| Binance NEARUSDT | +0.0133% | 8h | 4.3733 | +0.226% | $263.9M | $1.09B | 75x | as long as short |
| MEXC NEAR_USDT | +0.0136% | 8h | 4.3690 | +0.128% | $90.3M | $152.8M | 200x | as long as short |
| BingX NEAR-USDC | +0.0144% | 8h | 4.3700 | +0.151% | — | $6.7M | — | as long as short |
| Kalshi KXNEARPERP | +0.0161% | 8h | 4.3575 | −0.135% | $911K | $25.1M | 2.2x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0250% | 8h | 4.3771 | +0.315% | $1.4M | $1.6M | 10x | as long as short |
| BloFin NEAR-USDT | +0.0253% | 8h | 4.3670 | +0.083% | $13.4M | $32.2M | 75x | as long as short |
| 01 Exchange NEARUSD | +0.0312% | 1h | 4.3583 | −0.117% | $13K | $7K | 10x | as long as short |
| Hyperliquid NEAR | +0.0325% | 1h | 4.3728 | +0.215% | $352.6M | $317.3M | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0345% / S −0.0246% | 1h | 4.3608 | −0.059% | $254K | — | 100x | as long as short |
| Lighter RH NEAR | +0.0376% | 1h | 4.3683 | +0.112% | $1.5M | $6.4M | 10x | as long as short |
| Nado NEAR-PERP | +0.0384% | 1h | 4.3547 | −0.199% | $1.7M | $3.2M | 10x | as long as short |
| HTX NEAR-USDT | +0.0423% | 8h | 4.3690 | +0.128% | $462K | $3.8M | 75x | as long as short |
| Coinbase International NEAR-PERP-INTXlong | +0.0488% | 1h | 4.3634 | long leg | $2.3M | $17.0M | 50x | |
| Backpack NEAR_USDC_PERP | +0.0527% | 1h | 4.3728 | +0.215% | $1.1M | $7.2M | 20x | as long as short |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.3560 | −0.170% | $592K | $1.5M | 10x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.3535 | −0.228% | $410K | $1.4M | 10x | as long as short |
| Lighter NEAR | +0.0728% | 1h | 4.3693 | +0.135% | $17.2M | $23.8M | 15x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.0896% | 1h | 4.3660 | +0.060% | $1.9M | $13.1M | 25x | as long as short |
| Phoenix NEAR | +0.0949% | 1h | 4.3754 | +0.275% | $1.8M | $2.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1099% | 1h | 4.3638 | +0.008% | $5K | $7K | 10x | as long as short |
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
Binance NEARUSDT
MEXC NEAR_USDT
BingX NEAR-USDC
Kalshi KXNEARPERP
GRVT NEAR_USDT_Perp
BloFin NEAR-USDT
01 Exchange NEARUSD
Hyperliquid NEAR
GMX NEAR/USD [ETH-USDC]
Lighter RH NEAR
Nado NEAR-PERP
HTX NEAR-USDT
Backpack NEAR_USDC_PERP
RISEx NEAR/USDC
Pacifica NEAR
Lighter NEAR
Deribit NEAR_USDC-PERPETUAL
Phoenix NEAR
Aftermath Perps NEARUSD