Funding you earn now, next payment 04:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.06 per $10,000 · paid last 24h +0.042%
Price spread now: Polymarket Perps against Coinbase International+0.014%7-day average +0.036% · 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−$44as in the Price arb table
costs, in and out, $10k−$410.415% of the position
Funding, last 7 days+0.202%+$20 on $10k
+Price spread, last 4 days (all we have)−0.293%−$29 · spread now +0.014%, 7d avg +0.036%
=Funding pays, the price is against you. Polymarket Perps is 0.022% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.014% now, against its 7-day average of +0.036%). If the spread goes back, that is −$2 on $10k: about 40 hours of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.202% in total) that is about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International NEAR-PERP-INTX | 4.2938 | 0.0056 | pay 0.0007% / 1h | 1m 04s | $2.3M | $15.7M | 50x |
| Short | Polymarket Perps NEAR-USD | 4.2944 | 0.0100 | get 0.0013% / 1h | 1m 04s | $267K | $3.9M | 10x |
Coinbase International NEAR-PERP-INTX
Polymarket Perps NEAR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $9.24
- Price spread: +0.014% → +0.036%
- −$2.22
- Slippage, 4 orders
- −$23.5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$34.48
- Costs to cover
- 0.415%
- Break-even
- 33.1 days
Slippage from Coinbase International: live order book, 3 min ago; Polymarket Perps: 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 | 6.86 bp | 11.9 bp −$12 | 18.2 bp −$182 | 786.1 bp −$78.6K | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 0.81 bp | 7.5 bp −$8 | 10.0 bp −$100 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.2898 | −0.093% | $2K | — | 20x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2921 | −0.040% | $106K | $68K | 10x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.2865 | −0.170% | $161K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −3.559% | $578 | $301K | 12x | as long as short |
| Coinbase International NEAR-PERP-INTXlong | +0.0056% | 1h | 4.2938 | long leg | $2.3M | $15.7M | 50x | |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2950 | +0.028% | $111K | $501K | 50x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.2906 | −0.075% | $261.6M | $1.09B | 75x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.2865 | −0.170% | $212.4M | $426.2M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2880 | −0.135% | $60.6M | $285.3M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2973 | +0.081% | $245K | −$0 | 10x | as long as short |
Reya NEARRUSDPERP
dYdX NEAR-USD
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Binance NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NEAR_USDT | +0.0100% | 8h | 4.2856 | −0.191% | $31.8M | $62.8M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2920 | −0.042% | $72.5M | $147.8M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2910 | −0.065% | $53.3M | $45.7M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2870 | −0.158% | $70.9M | $127.4M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.2870 | −0.158% | — | $144.5M | — | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.2857 | −0.187% | $8.1M | $17.9M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2978 | +0.094% | $251K | $950K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2967 | +0.068% | $1.4M | $1.5M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.2960 | +0.051% | $165K | $794K | 50x | as long as short |
| Polymarket Perps NEAR-USDshort | +0.0100% | 1h | 4.2944 | +0.014% | $267K | $3.9M | 10x | |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.2906 | −0.075% | $57K | $246K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3030 | +0.214% | $1K | $1.4M | 20x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.2990 | +0.121% | $458K | $3.9M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2920 | −0.042% | $3.6M | $8.3M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2917 | −0.048% | $31K | $608 | 10x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2910 | −0.065% | $200K | $37K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2930 | −0.019% | $13.4M | $31.6M | 75x | as long as short |
| Kalshi KXNEARPERP | +0.0250% | 8h | 4.2955 | +0.040% | $773K | $23.9M | 2.2x | as long as short |
| Pacifica NEAR | +0.0263% | 1h | 4.2952 | +0.034% | $396K | $1.3M | 10x | as long as short |
| SoDEX NEAR-USD | +0.0303% | 1h | 4.2885 | −0.123% | $6K | $53K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0322% / S −0.0198% | 1h | 4.2856 | −0.191% | $231K | — | 100x | as long as short |
| Aster NEARUSDT | +0.0331% | 8h | 4.2900 | −0.088% | $2.8M | $5.5M | 50x | as long as short |
| 01 Exchange NEARUSD | +0.0520% | 1h | 4.2979 | +0.095% | $13K | $7K | 10x | as long as short |
| Extended NEAR-USD | +0.0528% | 1h | 4.2872 | −0.154% | $3.7M | $19.8M | 25x | as long as short |
| Hyperliquid NEAR | +0.0545% | 1h | 4.2917 | −0.049% | $351.1M | $313.4M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0562% | 1h | 4.2908 | −0.070% | $1.3M | $6.8M | 20x | as long as short |
| Nado NEAR-PERP | +0.0562% | 1h | 4.2935 | −0.007% | $1.8M | $3.1M | 10x | as long as short |
| Arcus NEAR-USD | +0.0627% | 1h | 4.2990 | +0.121% | $211K | $1.6M | 10x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0719% | 1h | 4.2886 | −0.122% | $7.5M | $38.9M | 50x | as long as short |
| Lighter RH NEAR | +0.0904% | 1h | 4.2944 | +0.014% | $1.5M | $7.4M | 10x | as long as short |
| Phoenix NEAR | +0.0941% | 1h | 4.3300 | +0.843% | $1.8M | $2.8M | 10x | as long as short |
| Lighter NEAR | +0.1024% | 1h | 4.2954 | +0.037% | $17.3M | $25.1M | 15x | as long as short |
| RISEx NEAR/USDC | +0.1162% | 1h | 4.2972 | +0.079% | $666K | $1.3M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUAL | +0.1290% | 1h | 4.2935 | −0.007% | $1.9M | $10.0M | 25x | as long as short |
| Aftermath Perps NEARUSD | +0.1500% | 1h | 4.3028 | +0.209% | $5K | $12K | 10x | as long as short |
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
HTX NEAR-USDT
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Aevo NEAR-PERP
BloFin NEAR-USDT
Kalshi KXNEARPERP
Pacifica NEAR
SoDEX NEAR-USD
GMX NEAR/USD [ETH-USDC]
Aster NEARUSDT
01 Exchange NEARUSD
Extended NEAR-USD
Hyperliquid NEAR
Backpack NEAR_USDC_PERP
Nado NEAR-PERP
Arcus NEAR-USD
Kraken Futures PF_NEARUSD
Lighter RH NEAR
Phoenix NEAR
Lighter NEAR
RISEx NEAR/USDC
Deribit NEAR_USDC-PERPETUAL
Aftermath Perps NEARUSD