NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.16 per $10,000 · paid last 24h −0.041%

Price spread now: Bulk against Deribit−0.775%7-day average −0.068% · 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−$115as in the Price arb table

costs, in and out, $10k−$440.444% of the position

Long on Deribit Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.196%−$20 on $10k

Price spread, last 3 days (all we have)+0.424%+$42 · spread now −0.775%, 7d avg −0.068%

Together, before fees+0.228%+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bulk is 0.707% cheaper against Deribit than usual: you would sell low and buy high (−$71 if the spread goes back to its 7-day average of −0.068%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NEAR_USDC-PERPETUAL	4.1824	0.0228	pay 0.0029% / 1h	34m 14s	$1.8M	$2.1M	25x
Short	Bulk NEAR-USD	4.1500	0.0100	get 0.0013% / 1h	34m 14s	$236K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.775%Rate

Funding earned: −$26.88
Price spread: −0.775% → −0.068%: −$70.67
Slippage, 4 orders: −$30.44
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$141.98
Costs to cover: 0.444%
Break-even: never at this rate

Slippage from Deribit: live order book, 5 min ago; Bulk: live order book, 50 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	1.93 bp	7.8 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Bulk live order book, 50 min ago	12.09 bp	15.6 bp −$16	35.7 bp −$357	39.4 bp −$3,937	51.7 bp −$25.8K

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	4.1770	−0.129%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0032%	1h	4.1807	−0.041%	$2.1M	$12.7M	50x	as long as short
Injective NEAR/USDC PERP	−0.0002%	1h	4.1410	−0.990%	$578	$302K	12x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.1828	+0.009%	$108K	$58K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.1804	−0.048%	$431K	$18.5M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.1794	−0.071%	$207K	—	150x	as long as short
Kraken Futures PF_NEARUSD	+0.0048%	1h	4.1838	+0.032%	$7.6M	$36.8M	50x	as long as short
01 Exchange NEARUSD	+0.0072%	1h	4.1791	−0.079%	$12K	$7K	10x	as long as short
Lighter RH NEAR	+0.0096%	1h	4.1863	+0.093%	$1.5M	$6.9M	10x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.1790	−0.081%	$111K	$483K	50x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.1800	−0.057%	$54K	$157K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.1815	−0.021%	$30K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.1849	+0.059%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.1829	+0.013%	$362K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.1790	−0.081%	$238.9M	$1.07B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.1770	−0.129%	$212.9M	$422.9M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.1780	−0.105%	$57.4M	$276.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.1830	+0.014%	$310K	$1.6M	10x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.1500	−0.775%	$236K	$4K	10x
Gate NEAR_USDT	+0.0100%	8h	4.1790	−0.081%	$29.9M	$57.3M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.1790	−0.081%	$82.2M	$141.6M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.1810	−0.033%	$55.1M	$44.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.1796	−0.067%	$69.5M	$125.3M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.1790	−0.081%	—	$6.6M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.1530	−0.702%	$7.7M	$18.4M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.1507	−0.759%	$237K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.1549	−0.657%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.1510	−0.751%	$182K	$789K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.1821	−0.007%	$207K	$3.2M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.1840	+0.038%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.1810	−0.033%	$5K	$46K	10x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.1810	−0.033%	$3.8M	$8.2M	50x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.1790	−0.082%	$3.8M	$14.7M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.1795	−0.069%	$201K	$62K	3x	as long as short
Lighter NEAR	+0.0208%	1h	4.1888	+0.152%	$16.0M	$23.2M	15x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.1830	+0.014%	$12.3M	$33.5M	75x	as long as short
Deribit NEAR_USDC-PERPETUALlong	+0.0228%	1h	4.1824	long leg	$1.8M	$2.1M	25x
Hyperliquid NEAR	+0.0294%	1h	4.1855	+0.074%	$353.1M	$298.5M	10x	as long as short
RISEx NEAR/USDC	+0.0364%	1h	4.1811	−0.032%	$411K	$1.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0381% / S −0.0328%	1h	4.1792	−0.077%	$282K	—	100x	as long as short
Backpack NEAR_USDC_PERP	+0.0434%	1h	4.1908	+0.201%	$1.2M	$5.7M	20x	as long as short
Nado NEAR-PERP	+0.0531%	1h	4.1755	−0.165%	$1.8M	$3.5M	10x	as long as short
Phoenix NEAR	+0.0542%	1h	4.1571	−0.605%	$1.7M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.0822%	1h	4.1650	−0.415%	$5K	$11K	10x	as long as short
HTX NEAR-USDT	+0.0986%	8h	4.1930	+0.253%	$450K	$3.6M	75x	as long as short