Funding you earn now, next payment 23:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.044%
Price spread now: Bybit against Deribit−0.273%45s7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.327% of the position
Funding, last 7 days−0.357%−$36 on $10k
+Price spread, last 3 days (all we have)−0.013%−$1 · spread now −0.273%, 7d avg −0.100%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.172% cheaper against Deribit than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.100%). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| 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 | 33m 35s | $1.8M | $2.1M | 25x |
| Short | Bybit NEARUSDT | 4.1710 | 0.0100 | get 0.0100% / 8h | 1h 33m | $212.6M | $423.1M | 75x |
Deribit NEAR_USDC-PERPETUAL
Bybit NEARUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$26.88
- Price spread: −0.273% → −0.100%
- −$17.21
- Slippage, 4 orders
- −$14.74
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$76.83
- Costs to cover
- 0.327%
- Break-even
- never at this rate
Slippage from Deribit: live order book, just now; Bybit: live order book, 6 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, just now | 3.82 bp | 7.3 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 1.21 bp | 9.2 bp −$9 | 13.9 bp −$139 | 33.5 bp −$3,354 | 146.7 bp −$73.4K |
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 | 4.1804 | −0.049% | $108K | $58K | 10x | as long as short |
| Kalshi KXNEARPERP | 0.0000% | 8h | 4.1810 | −0.033% | $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 | 4.1834 | +0.024% | $12K | $7K | 10x | as long as short |
| Lighter RH NEAR | +0.0096% | 1h | 4.1866 | +0.100% | $1.5M | $6.9M | 10x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.1780 | −0.105% | $111K | $483K | 50x | as long as short |
Reya NEARRUSDPERP
Coinbase International NEAR-PERP-INTX
Injective NEAR/USDC PERP
dYdX NEAR-USD
Kalshi KXNEARPERP
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
01 Exchange NEARUSD
Lighter RH NEAR
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 | 4.1800 | −0.057% | $54K | $157K | 20x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.1813 | −0.025% | $30K | $647 | 10x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.1879 | +0.132% | $2.9M | $5.7M | 50x | as long as short |
| Pacifica NEAR | +0.0100% | 1h | 4.1836 | +0.028% | $362K | $1.2M | 10x | as long as short |
| Binance NEARUSDT | +0.0100% | 8h | 4.1778 | −0.111% | $238.8M | $1.07B | 75x | as long as short |
| Bybit NEARUSDTshort | +0.0100% | 8h | 4.1710 | −0.273% | $212.6M | $423.1M | 75x | |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.1690 | −0.320% | $57.5M | $275.8M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.1830 | +0.014% | $311K | $1.6M | 10x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.1500 | −0.775% | $236K | $4K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.1825 | +0.002% | $30.0M | $57.3M | 75x | as long as short |
| MEXC NEAR_USDT | +0.0100% | 8h | 4.1820 | −0.010% | $82.3M | $141.6M | 200x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.1850 | +0.062% | $55.1M | $44.4M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.1819 | −0.012% | $69.5M | $125.3M | 75x | as long as short |
| BingX NEAR-USDT | +0.0100% | 8h | 4.1810 | −0.033% | — | $136.8M | — | 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 | 4.1767 | −0.137% | $238K | $1.2M | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.1831 | +0.017% | $1.4M | $1.3M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.1790 | −0.081% | $175K | $793K | 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 | 4.1803 | −0.050% | $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 |
| 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 | |
| Lighter NEAR | +0.0280% | 1h | 4.1896 | +0.172% | $16.0M | $23.2M | 15x | as long as short |
| Hyperliquid NEAR | +0.0300% | 1h | 4.1885 | +0.146% | $353.3M | $298.6M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0364% | 1h | 4.1840 | +0.037% | $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 | +0.0438% | 1h | 4.1869 | +0.108% | $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 |
Orderly PERP_NEAR_USDC
Paradex NEAR-USD-PERP
Aster NEARUSDT
Pacifica NEAR
Binance NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USD
Bulk NEAR-USD
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
Polymarket Perps NEAR-USD
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Extended NEAR-USD
Aevo NEAR-PERP
BloFin NEAR-USDT
Lighter NEAR
Hyperliquid NEAR
RISEx NEAR/USDC
GMX NEAR/USD [ETH-USDC]
Backpack NEAR_USDC_PERP
Nado NEAR-PERP
Phoenix NEAR
Aftermath Perps NEARUSD
HTX NEAR-USDT