NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0237%/8h= −26.0% APRnext payment −$0.30 per $10,000 · paid last 24h −0.069%

Price spread now: Extended against Deribit+0.957%7-day average −0.122% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs+$82as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on Deribit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.359%−$36 on $10k

Price spread, last 4 days (all we have)−1.607%−$161 · spread now +0.957%, 7d avg −0.122%

Together, before fees−1.966%+ Points / potential airdropExtended: Active · farm board−$197 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 1.079% dearer against Deribit than usual: you sell high and buy low (spread +0.957% now, against its 7-day average of −0.122%): +$108 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NEAR_USDC-PERPETUAL	4.4230	0.0429	pay 0.0054% / 1h	44m 23s	$2.0M	$6.7M	25x
Short	Extended NEAR-USD	4.4653	0.0192	get 0.0024% / 1h	44m 23s	$4.0M	$19.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.957%Rate

Funding earned: −$49.77
Price spread: +0.957% → −0.122%: $107.89
Slippage, 4 orders: −$14.19
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $31.93
Costs to cover: 0.262%
Break-even: from the start

Slippage from Deribit: live order book, 5 min ago; Extended: live order book, 5 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	3.70 bp	7.2 bp −$7	247.1 bp −$2,471	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.67 bp	4.9 bp −$5	11.4 bp −$114	1261.9 bp −$126.2K	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
Reya NEARRUSDPERP	−0.0171%	1h	4.4695	+1.052%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4210	−0.045%	$2.2M	$15.3M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4567	+0.761%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4222	−0.018%	$628K	$22.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4693	+1.047%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.376%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4750	+1.176%	$117K	$515K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4592	+0.818%	$426K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4740	+1.153%	$273.6M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4692	+1.045%	$223.9M	$425.0M	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	4.4670	+0.995%	$63.4M	$304.6M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4550	+0.723%	$254K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4699	+1.060%	$32.3M	$63.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4720	+1.108%	$75.1M	$147.7M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4740	+1.153%	$55.6M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4664	+0.981%	$73.4M	$130.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4710	+1.085%	—	$148.0M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4367	+0.309%	$8.6M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4481	+0.567%	$267K	$979K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4624	+0.891%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4460	+0.520%	$171K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4696	+1.054%	$241K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4701	+1.065%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4310	+0.181%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4215	−0.034%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4260	+0.068%	$460K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4360	+0.294%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4562	+0.749%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4690	+1.040%	$208K	$40K	3x	as long as short
Backpack NEAR_USDC_PERP	+0.0178%	1h	4.4478	+0.561%	$1.4M	$6.6M	20x	as long as short
Hyperliquid NEAR	+0.0186%	1h	4.4775	+1.232%	$369.8M	$326.9M	10x	as long as short
Extended NEAR-USDshort	+0.0192%	1h	4.4653	+0.957%	$4.0M	$19.6M	25x
BloFin NEAR-USDT	+0.0220%	8h	4.4410	+0.407%	$14.1M	$33.1M	75x	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.4759	+1.196%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0296%	8h	4.4667	+0.989%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0339% / S −0.0217%	1h	4.4701	+1.065%	$250K	—	100x	as long as short
Deribit NEAR_USDC-PERPETUALlong	+0.0429%	1h	4.4230	long leg	$2.0M	$6.7M	25x
Nado NEAR-PERP	+0.0500%	1h	4.4725	+1.119%	$1.9M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0504%	1h	4.4602	+0.841%	$1.6M	$7.2M	10x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4800	+1.289%	$221K	$1.8M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0587%	1h	4.4241	+0.024%	$8.2M	$40.2M	50x	as long as short
Lighter NEAR	+0.0680%	1h	4.4682	+1.023%	$18.0M	$26.2M	15x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4521	+0.658%	$1.8M	$2.8M	10x	as long as short
RISEx NEAR/USDC	+0.0926%	1h	4.4738	+1.148%	$565K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1557%	1h	4.4608	+0.855%	$6K	$12K	10x	as long as short