Funding you earn now, next payment 01:00 UTC−0.0260%/8h= −28.5% APRpaid last 24h −0.040%
Price spread now: Binance against Deribit−0.091%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$280.276% of the position
Funding, last 7 days−0.342%−$34 on $10k
+Price spread, last 3 days (all we have)−0.192%−$19 · spread now −0.091%, 7d avg −0.060%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.031% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.060%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit NEAR_USDC-PERPETUAL | 4.2679 | 0.0360 | pay 0.0045% / 1h | 58m 58s | $1.9M | $2.8M | 25x |
| Short | Binance NEARUSDT | 4.2640 | 0.0100 | get 0.0100% / 8h | 7h 58m | $252.7M | $1.08B | 75x |
Deribit NEAR_USDC-PERPETUAL
Binance NEARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Deribit. 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
- −$54.6
- Price spread: −0.091% → −0.060%
- −$3.14
- Slippage, 4 orders
- −$10.57
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$85.31
- Costs to cover
- 0.276%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 5 min ago; Binance: live order book, 15 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, 5 min ago | 3.15 bp | 6.9 bp −$7 | 14.4 bp −$144 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 1.17 bp | 6.2 bp −$6 | 14.4 bp −$144 | 37.9 bp −$3,793 | 129.5 bp −$64.7K |
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 | 4.2630 | −0.114% | $2K | — | 20x | as long as short |
| Kraken Futures PF_NEARUSD | −0.0132% | 1h | 4.2650 | −0.067% | $7.5M | $37.4M | 50x | as long as short |
| Coinbase International NEAR-PERP-INTX | −0.0096% | 1h | 4.2670 | −0.021% | $2.2M | $13.1M | 50x | as long as short |
| dYdX NEAR-USD | 0.0000% | 1h | 4.2711 | +0.074% | $111K | $62K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.2640 | −0.091% | $369K | $18.8M | 2.2x | as long as short |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0004% | 1h | 4.2643 | −0.085% | $202K | — | 150x | as long as short |
| Variational Omni NEAR | +0.0024% | 8h | 4.2669 | −0.023% | $7.8M | $18.5M | — | as long as short |
| 01 Exchange NEARUSD | +0.0032% | 1h | 4.2647 | −0.075% | $13K | $7K | 10x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −2.973% | $578 | $302K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.2690 | +0.026% | $110K | $495K | 50x | as long as short |
Reya NEARRUSDPERP
Kraken Futures PF_NEARUSD
Coinbase International NEAR-PERP-INTX
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Variational Omni NEAR
01 Exchange NEARUSD
Injective NEAR/USDC PERP
Popdex NEARUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NEAR_USDC | +0.0099% | 8h | 4.2650 | −0.068% | $57K | $194K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.2672 | −0.016% | $31K | $647 | 10x | as long as short |
| Hyperliquid NEAR | +0.0100% | 1h | 4.2670 | −0.021% | $363.5M | $301.4M | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.2646 | −0.078% | $3.0M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.2680 | +0.002% | $400K | $1.2M | 10x | as long as short |
| Binance NEARUSDTshort | +0.0100% | 8h | 4.2640 | −0.091% | $252.7M | $1.08B | 75x | |
| Bybit NEARUSDT | +0.0100% | 8h | 4.2613 | −0.155% | $216.8M | $421.5M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.2610 | −0.162% | $60.5M | $285.2M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.2640 | −0.091% | $195K | $1.8M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.2757 | +0.183% | $244K | $2K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.2609 | −0.164% | $30.8M | $58.3M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.2620 | −0.138% | $79.2M | $137.8M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.2650 | −0.068% | $55.7M | $43.4M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.2628 | −0.119% | $70.7M | $126.0M | 75x | as long as short |
| BingX NEAR-USDC | +0.0100% | 8h | 4.2610 | −0.162% | — | $6.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.2687 | +0.019% | $243K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.2676 | −0.007% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.2710 | +0.073% | $178K | $792K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.2701 | +0.052% | $194K | $3.5M | 10x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.2680 | +0.002% | $2K | $1.4M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.2630 | −0.115% | $4K | $54K | 10x | as long as short |
| HTX NEAR-USDT | +0.0100% | 8h | 4.2760 | +0.190% | $456K | $3.7M | 75x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.2620 | −0.138% | $3.8M | $8.5M | 50x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.2612 | −0.156% | $3.9M | $16.4M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0104% | 1h | 4.2743 | +0.149% | $202K | $23K | 3x | as long as short |
| BloFin NEAR-USDT | +0.0220% | 8h | 4.2590 | −0.209% | $13.0M | $29.2M | 75x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0276% | 1h | 4.2664 | −0.035% | $1.4M | $5.6M | 20x | as long as short |
| Lighter RH NEAR | +0.0336% | 1h | 4.2697 | +0.042% | $1.6M | $6.8M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUALlong | +0.0360% | 1h | 4.2679 | long leg | $1.9M | $2.8M | 25x | |
| GMX NEAR/USD [ETH-USDC] | L +0.0376% / S −0.0316% | 1h | 4.2637 | −0.098% | $275K | — | 100x | as long as short |
| RISEx NEAR/USDC | +0.0428% | 1h | 4.2663 | −0.037% | $418K | $1.2M | 10x | as long as short |
| Phoenix NEAR | +0.0463% | 1h | 4.2828 | +0.349% | $1.8M | $2.6M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1185% | 1h | 4.2754 | +0.176% | $5K | $12K | 10x | as long as short |
| Nado NEAR-PERP | +0.1190% | 1h | 4.2654 | −0.059% | $1.9M | $3.4M | 10x | as long as short |
| Lighter NEAR | +0.1784% | 1h | 4.2761 | +0.193% | $16.9M | $23.4M | 15x | as long as short |
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Hyperliquid NEAR
Aster NEARUSDT
Pacifica NEAR
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
Gate NEAR_USDT
MEXC NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
BingX NEAR-USDC
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
HTX NEAR-USDT
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
BloFin NEAR-USDT
Backpack NEAR_USDC_PERP
Lighter RH NEAR
GMX NEAR/USD [ETH-USDC]
RISEx NEAR/USDC
Phoenix NEAR
Aftermath Perps NEARUSD
Nado NEAR-PERP
Lighter NEAR