NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0611%/8h= −66.9% APRnext payment −$0.76 per $10,000 · paid last 24h −0.025%

Price spread now: Arcus against Deribit−0.345%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on Deribit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.091%+$9 on $10k

Price spread, last 4 days (all we have)−0.729%−$73 · spread now −0.345%, 7d avg −0.013%

Together, before fees−0.638%−$64 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Arcus is 0.332% cheaper against Deribit than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of −0.013%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.091%, 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 4 days it paid 0.091% in total (about 8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.76 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	Deribit NEAR_USDC-PERPETUAL	4.3751	0.0711	pay 0.0089% / 1h	50m 36s	$1.9M	$13.1M	25x
Short	Arcus NEAR-USD	4.3600	0.0100	get 0.0013% / 1h	50m 36s	$228K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Deribit. 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 DeribitbpFee ArcusbpOrdersPrice spread, now −0.345%Rate

Funding earned: −$128.31
Price spread: −0.345% → −0.013%: −$33.2
Slippage, 4 orders: −$13.05
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$186.06
Costs to cover: 0.246%
Break-even: never at this rate

Slippage from Deribit: live order book, 3 min ago; Arcus: 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 Deribit live order book, 3 min ago	2.52 bp	6.0 bp −$6	17.3 bp −$173	doesn't fit	doesn't fit
Sell Arcus live order book, 3 min ago	3.44 bp	5.7 bp −$6	10.8 bp −$108	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	−0.0432%	1h	4.3692	−0.135%	$7.3M	$38.6M	50x	as long as short
Phemex NEARUSDT	−0.0192%	8h	4.3680	−0.162%	$3.5M	$8.2M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3668	−0.189%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3573	−0.408%	$107K	$67K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3694	−0.130%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−5.351%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3580	−0.391%	$118K	$503K	50x	as long as short
Hyperliquid NEAR	+0.0100%	1h	4.3587	−0.375%	$351.2M	$316.7M	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3591	−0.365%	$2.7M	$4.8M	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3530	−0.505%	$219.7M	$428.9M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3520	−0.528%	$61.5M	$295.5M	50x	as long as short
Arcus NEAR-USDshort	+0.0100%	1h	4.3600	−0.345%	$228K	$1.5M	10x
Bulk NEAR-USD	+0.0100%	1h	4.3688	−0.144%	$252K	$3K	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3562	−0.432%	$36.1M	$61.7M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3580	−0.391%	$52.8M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3550	−0.459%	$72.0M	$127.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3688	−0.144%	$9.0M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3651	−0.228%	$253K	$894K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3670	−0.184%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3660	−0.208%	$166K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3690	−0.139%	$273K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3727	−0.055%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3770	+0.043%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3705	−0.105%	$5K	$50K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3560	−0.437%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3544	−0.473%	$3.6M	$16.1M	25x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.3720	−0.071%	$203K	$40K	3x	as long as short
MEXC NEAR_USDT	+0.0126%	8h	4.3580	−0.391%	$90.2M	$153.1M	200x	as long as short
Binance NEARUSDT	+0.0126%	8h	4.3570	−0.414%	$262.9M	$1.09B	75x	as long as short
BingX NEAR-USDT	+0.0138%	8h	4.3560	−0.437%	—	$82.9M	—	as long as short
Kalshi KXNEARPERP	+0.0155%	8h	4.3716	−0.080%	$931K	$25.1M	2.2x	as long as short
BloFin NEAR-USDT	+0.0246%	8h	4.3710	−0.094%	$12.5M	$32.2M	75x	as long as short
01 Exchange NEARUSD	+0.0264%	1h	4.3606	−0.331%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0332%	1h	4.3521	−0.525%	$1.6M	$3.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0346% / S −0.0247%	1h	4.3700	−0.117%	$255K	—	100x	as long as short
Lighter RH NEAR	+0.0376%	1h	4.3624	−0.290%	$1.5M	$6.4M	10x	as long as short
HTX NEAR-USDT	+0.0429%	8h	4.3820	+0.158%	$463K	$3.8M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3687	−0.146%	$2.3M	$17.0M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0561%	1h	4.3694	−0.130%	$1.1M	$7.2M	20x	as long as short
Lighter NEAR	+0.0576%	1h	4.3631	−0.275%	$17.2M	$23.8M	15x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.3588	−0.372%	$591K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.3574	−0.404%	$411K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUALlong	+0.0711%	1h	4.3751	long leg	$1.9M	$13.1M	25x
Phoenix NEAR	+0.0740%	1h	4.3750	−0.002%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1100%	1h	4.3690	−0.139%	$5K	$7K	10x	as long as short