NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0418%/8h= −45.8% APRnext payment −$0.52 per $10,000 · paid last 24h −0.040%

Price spread now: Polymarket Perps against Deribit−0.107%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,073as in the Price arb table

costs, in and out, $10k−$1,06810.682% of the position

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.331%−$33 on $10k

Price spread, last 3 days (all we have)−0.169%−$17 · spread now −0.107%, 7d avg −0.056%

Together, before fees−0.500%−$50 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Polymarket Perps is 0.051% cheaper against Deribit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.056%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit NEAR_USDC-PERPETUAL	4.2997	0.0518	pay 0.0065% / 1h	56m 07s	$1.9M	$2.9M	25x
Short	Polymarket Perps NEAR-USD	4.2951	0.0100	get 0.0013% / 1h	56m 07s	$194K	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.107%Rate

Funding earned: −$87.78
Price spread: −0.107% → −0.056%: −$5.07
Slippage, 4 orders: −$1,053.2
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$1,161.05
Costs to cover: 10.682%
Break-even: never at this rate

Slippage from Deribit: live order book, 3 min ago; Polymarket Perps: live order book, 3 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, 3 min ago	8.08 bp	745.5 bp −$746	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	2.11 bp	6.3 bp −$6	9.5 bp −$95	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
Phemex NEARUSDT	−0.1868%	8h	4.2960	−0.086%	$3.8M	$8.5M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.2903	−0.219%	$2K	—	20x	as long as short
Bybit NEARUSDT	−0.0157%	8h	4.2883	−0.265%	$218.3M	$420.3M	75x	as long as short
Kraken Futures PF_NEARUSD	−0.0131%	1h	4.2978	−0.045%	$7.6M	$37.3M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.2934	−0.147%	$2.3M	$13.1M	50x	as long as short
01 Exchange NEARUSD	−0.0016%	1h	4.2957	−0.093%	$13K	$7K	10x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2909	−0.206%	$111K	$62K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.2916	−0.188%	$387K	$18.8M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.2915	−0.191%	$203K	—	150x	as long as short
Variational Omni NEAR	+0.0019%	8h	4.2869	−0.297%	$7.9M	$18.5M	—	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.691%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.2940	−0.133%	$111K	$492K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0099%	8h	4.2959	−0.088%	$57K	$194K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2923	−0.173%	$31K	$647	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.2970	−0.063%	$3.0M	$5.7M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.2917	−0.187%	$402K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2930	−0.156%	$254.6M	$1.07B	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2880	−0.272%	$60.9M	$284.2M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.2930	−0.156%	$197K	$1.8M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2646	−0.816%	$243K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.2931	−0.153%	$31.0M	$58.4M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2940	−0.133%	$79.6M	$138.0M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2950	−0.109%	$56.0M	$43.4M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2930	−0.156%	$71.2M	$125.6M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.2920	−0.179%	—	$140.8M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2639	−0.832%	$243K	$1.2M	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2676	−0.747%	$1.4M	$1.3M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2710	−0.667%	$178K	$792K	50x	as long as short
Polymarket Perps NEAR-USDshort	+0.0100%	1h	4.2951	−0.107%	$194K	$3.5M	10x
SunX NEAR-USDT	+0.0100%	8h	4.3020	+0.053%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.2945	−0.121%	$4K	$53K	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.2933	−0.149%	$3.9M	$16.4M	25x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.3094	+0.225%	$201K	$28K	3x	as long as short
HTX NEAR-USDT	+0.0197%	8h	4.3040	+0.100%	$459K	$3.6M	75x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2850	−0.342%	$13.1M	$29.3M	75x	as long as short
Lighter RH NEAR	+0.0352%	1h	4.3005	+0.019%	$1.6M	$6.8M	10x	as long as short
Hyperliquid NEAR	+0.0376%	1h	4.2994	−0.007%	$366.4M	$301.5M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0377% / S −0.0315%	1h	4.2895	−0.237%	$276K	—	100x	as long as short
Nado NEAR-PERP	+0.0387%	1h	4.2935	−0.144%	$1.9M	$3.4M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.2969	−0.064%	$420K	$1.2M	10x	as long as short
Phoenix NEAR	+0.0463%	1h	4.2848	−0.347%	$1.8M	$2.7M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0499%	1h	4.2994	−0.007%	$1.4M	$5.6M	20x	as long as short
Deribit NEAR_USDC-PERPETUALlong	+0.0518%	1h	4.2997	long leg	$1.9M	$2.9M	25x
Aftermath Perps NEARUSD	+0.1179%	1h	4.2824	−0.402%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1776%	1h	4.3071	+0.173%	$17.0M	$23.4M	15x	as long as short