Funding you earn now, next payment 08:00 UTC−0.0696%/8h= −76.2% APRnext payment −$0.87 per $10,000 · paid last 24h −0.115%
Price spread now: dYdX against Deribit−0.038%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$870.866% of the position
Funding, last 7 days−0.578%−$58 on $10k
+Price spread, last 4 days (all we have)−0.114%−$11 · spread now −0.038%, 7d avg −0.086%
=The price spread pays, funding is against you. dYdX is 0.049% dearer against Deribit than usual: you sell high and buy low (spread −0.038% now, against its 7-day average of −0.086%): +$5 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.578% in total) that is about 14 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit NEAR_USDC-PERPETUAL | 4.3398 | 0.0696 | pay 0.0087% / 1h | 21m 52s | $1.9M | $13.2M | 25x |
| Short | dYdX NEAR-USD | 4.3382 | 0 | get 0.0000% / 1h | 21m 52s | $107K | $68K | 10x |
Deribit NEAR_USDC-PERPETUAL
dYdX NEAR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$146.16
- Price spread: −0.038% → −0.086%
- $4.87
- Slippage, 4 orders
- −$69.63
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$227.91
- Costs to cover
- 0.866%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 2 min ago; dYdX: live order book, 17 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, 2 min ago | 2.53 bp | 6.0 bp −$6 | 17.1 bp −$171 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 17 min ago | 28.93 bp | 33.9 bp −$34 | 59.4 bp −$594 | 196.9 bp −$19.7K | 687.1 bp −$343.6K |
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 | 4.3418 | +0.046% | $2K | — | 20x | as long as short |
| dYdX NEAR-USDshort | 0.0000% | 1h | 4.3382 | −0.038% | $107K | $68K | 10x | |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.3379 | −0.044% | $162K | — | 150x | as long as short |
| Kraken Futures PF_NEARUSD | +0.0017% | 1h | 4.3382 | −0.037% | $7.1M | $38.3M | 50x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −4.581% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.3420 | +0.051% | $113K | $498K | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3480 | +0.189% | $219.7M | $429.2M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3480 | +0.189% | $61.0M | $293.8M | 50x | as long as short |
| Bulk NEAR-USD | +0.0100% | 1h | 4.3196 | −0.466% | $246K | −$0 | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.3470 | +0.166% | $35.5M | $62.7M | 75x | as long as short |
Reya NEARRUSDPERP
gTrade (Gains Network) NEAR/USD
Kraken Futures PF_NEARUSD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Bulk NEAR-USD
Gate NEAR_USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.3480 | +0.189% | $52.7M | $46.0M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.3509 | +0.256% | $72.0M | $127.9M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3237 | −0.371% | $8.8M | $18.6M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3242 | −0.360% | $251K | $898K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3235 | −0.375% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3250 | −0.341% | $165K | $815K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.3439 | +0.094% | $278K | $4.2M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3373 | −0.058% | $58K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.3480 | +0.189% | $1K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3392 | −0.014% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3410 | +0.028% | $3.5M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0101% | 8h | 4.3424 | +0.060% | $31K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3459 | +0.140% | $3.6M | $16.9M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0128% | 1h | 4.3378 | −0.045% | $202K | $38K | 3x | as long as short |
| HTX NEAR-USDT | +0.0143% | 8h | 4.3500 | +0.235% | $464K | $3.8M | 75x | as long as short |
| Aster NEARUSDT | +0.0160% | 8h | 4.3484 | +0.199% | $2.7M | $4.9M | 50x | as long as short |
| Hyperliquid NEAR | +0.0172% | 1h | 4.3521 | +0.283% | $350.8M | $315.4M | 10x | as long as short |
| Binance NEARUSDT | +0.0176% | 8h | 4.3494 | +0.220% | $263.4M | $1.09B | 75x | as long as short |
| Kalshi KXNEARPERP | +0.0178% | 8h | 4.3425 | +0.062% | $941K | $25.1M | 2.2x | as long as short |
| MEXC NEAR_USDT | +0.0178% | 8h | 4.3490 | +0.212% | $85.3M | $152.1M | 200x | as long as short |
| BingX NEAR-USDC | +0.0189% | 8h | 4.3480 | +0.189% | — | $6.7M | — | as long as short |
| 01 Exchange NEARUSD | +0.0248% | 1h | 4.3456 | +0.134% | $13K | $7K | 10x | as long as short |
| BloFin NEAR-USDT | +0.0298% | 8h | 4.3450 | +0.120% | $13.4M | $32.0M | 75x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0318% / S −0.0206% | 1h | 4.3384 | −0.033% | $235K | — | 100x | as long as short |
| Nado NEAR-PERP | +0.0405% | 1h | 4.3395 | −0.007% | $1.7M | $3.2M | 10x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0438% | 1h | 4.3471 | +0.168% | $1.0M | $7.1M | 20x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3429 | +0.071% | $2.3M | $16.9M | 50x | as long as short |
| Lighter RH NEAR | +0.0560% | 1h | 4.3461 | +0.145% | $1.5M | $6.7M | 10x | as long as short |
| Lighter NEAR | +0.0592% | 1h | 4.3465 | +0.156% | $17.1M | $25.3M | 15x | as long as short |
| Arcus NEAR-USD | +0.0638% | 1h | 4.3440 | +0.097% | $228K | $1.6M | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUALlong | +0.0696% | 1h | 4.3398 | long leg | $1.9M | $13.2M | 25x | |
| Pacifica NEAR | +0.0949% | 1h | 4.3412 | +0.033% | $409K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0949% | 1h | 4.3360 | −0.088% | $1.8M | $2.4M | 10x | as long as short |
| RISEx NEAR/USDC | +0.0965% | 1h | 4.3445 | +0.108% | $606K | $1.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1168% | 1h | 4.3315 | −0.192% | $5K | $7K | 10x | as long as short |
KuCoin NEARUSDTM
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
HTX NEAR-USDT
Aster NEARUSDT
Hyperliquid NEAR
Binance NEARUSDT
Kalshi KXNEARPERP
MEXC NEAR_USDT
BingX NEAR-USDC
01 Exchange NEARUSD
BloFin NEAR-USDT
GMX NEAR/USD [ETH-USDC]
Nado NEAR-PERP
Backpack NEAR_USDC_PERP
Coinbase International NEAR-PERP-INTX
Lighter RH NEAR
Lighter NEAR
Arcus NEAR-USD
Pacifica NEAR
Phoenix NEAR
RISEx NEAR/USDC
Aftermath Perps NEARUSD