NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0649%/8h= −71.0% APRnext payment −$0.81 per $10,000 · paid last 24h −0.078%

Price spread now: gTrade (Gains Network) against Deribit−0.137%7-day average −0.069% · 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−$296as in the Price arb table

costs, in and out, $10k−$2892.892% of the position

Long on Deribit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.297%−$30 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.137%, 7d avg −0.069%

Together, before fees−0.276%−$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and gTrade (Gains Network) is 0.067% cheaper against Deribit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.069%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NEAR_USDC-PERPETUAL	4.5369	0.0655	pay 0.0082% / 1h	8m 37s	$2.0M	$4.5M	25x
Short	gTrade (Gains Network) NEAR/USD	4.5307	L +0.0004% / S −0.0006%	get 0.0001% / 1h	8m 37s	$169K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.137%Rate

Funding earned: −$136.25
Price spread: −0.137% → −0.069%: −$6.73
Slippage, 4 orders: −$272.2
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$432.18
Costs to cover: 2.892%
Break-even: never at this rate

Slippage from Deribit: live order book, just now; gTrade (Gains Network): virtual book (oracle venue), 55 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	4.64 bp	8.1 bp −$8	13.7 bp −$137	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 55 min ago	130.01 bp	137.7 bp −$138	1007.8 bp −$10.1K	doesn't fit	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	4.5315	−0.118%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0016%	1h	4.5250	−0.262%	$2.2M	$15.6M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.5286	−0.182%	$112K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.5193	−0.388%	$536K	$21.3M	2.2x	as long as short
gTrade (Gains Network) NEAR/USDshort	L +0.0004% / S −0.0006%	1h	4.5307	−0.137%	$169K	—	150x
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−8.726%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.5290	−0.174%	$114K	$513K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.5340	−0.064%	$433K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.5300	−0.152%	$278.0M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.5254	−0.253%	$226.8M	$424.8M	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	4.5230	−0.306%	$65.3M	$307.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.5467	+0.215%	$259K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.5282	−0.192%	$32.9M	$64.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.5310	−0.130%	$77.0M	$148.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.5290	−0.174%	$55.6M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.5314	−0.121%	$74.6M	$129.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.5330	−0.086%	—	$146.8M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.5696	+0.721%	$8.8M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.5623	+0.560%	$274K	$975K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.5530	+0.355%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.5670	+0.663%	$176K	$796K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.5356	−0.029%	$223K	$3.8M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.5335	−0.075%	$58K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.5390	+0.046%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.5314	−0.121%	$8K	$54K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.5340	−0.064%	$468K	$4.1M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.5300	−0.152%	$3.8M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0102%	8h	4.5322	−0.103%	$33K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.5424	+0.122%	$211K	$40K	3x	as long as short
Extended NEAR-USD	+0.0160%	1h	4.5258	−0.245%	$4.2M	$19.3M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.5300	−0.152%	$14.0M	$34.0M	75x	as long as short
Aster NEARUSDT	+0.0296%	8h	4.5304	−0.143%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0361% / S −0.0250%	1h	4.5315	−0.119%	$273K	—	100x	as long as short
01 Exchange NEARUSD	+0.0384%	1h	4.5349	−0.044%	$13K	$7K	10x	as long as short
Arcus NEAR-USD	+0.0410%	1h	4.5380	+0.024%	$219K	$1.7M	10x	as long as short
Nado NEAR-PERP	+0.0417%	1h	4.5271	−0.215%	$2.0M	$3.2M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0566%	1h	4.5335	−0.075%	$1.4M	$6.7M	20x	as long as short
Deribit NEAR_USDC-PERPETUALlong	+0.0655%	1h	4.5369	long leg	$2.0M	$4.5M	25x
Kraken Futures PF_NEARUSD	+0.0679%	1h	4.5352	−0.038%	$8.4M	$41.3M	50x	as long as short
Lighter RH NEAR	+0.0712%	1h	4.5390	+0.046%	$1.6M	$7.2M	10x	as long as short
Hyperliquid NEAR	+0.0816%	1h	4.5392	+0.051%	$379.9M	$321.1M	10x	as long as short
Phoenix NEAR	+0.0855%	1h	4.5621	+0.555%	$1.9M	$2.7M	10x	as long as short
RISEx NEAR/USDC	+0.0924%	1h	4.5362	−0.015%	$576K	$1.4M	10x	as long as short
Lighter NEAR	+0.1136%	1h	4.5391	+0.048%	$18.2M	$26.9M	15x	as long as short
Aftermath Perps NEARUSD	+0.1605%	1h	4.5408	+0.085%	$6K	$12K	10x	as long as short