NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0880%/8h= +96.3% APRnext payment +$1.10 per $10,000 · paid last 24h +0.103%

Price spread now: Arcus against dYdX−0.059%7-day average +0.091% · 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−$166as in the Price arb table

costs, in and out, $10k−$1511.508% of the position

Long on dYdX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.450%+$45 on $10k

Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.059%, 7d avg +0.091%

Together, before fees+0.633%+$63 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.150% cheaper against dYdX than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of +0.091%). If the spread goes back, that is −$15 on $10k: about 14 hours of funding at the current rate (+$26 a day). At the pace of the last 4 days (+0.450% in total) that is about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX NEAR-USD	4.4316	0	get 0.0000% / 1h	31m 13s	$109K	$68K	10x
Short	Arcus NEAR-USD	4.4290	0.0880	get 0.0110% / 1h	31m 13s	$225K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against dYdX. 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 dYdXbpFee ArcusbpOrdersPrice spread, now −0.059%Rate

Funding earned: $184.76
Price spread: −0.059% → +0.091%: −$14.97
Slippage, 4 orders: −$136.34
Fee dYdX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $18.96
Costs to cover: 1.508%
Break-even: 6.3 days

Slippage from dYdX: live order book, 13 min ago; Arcus: 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 dYdX live order book, 13 min ago	63.44 bp	68.4 bp −$68	68.4 bp −$684	113.0 bp −$11.3K	474.4 bp −$237.2K
Sell Arcus live order book, 3 min ago	3.39 bp	6.1 bp −$6	10.7 bp −$107	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	4.4213	−0.232%	$2K	—	20x	as long as short
dYdX NEAR-USDlong	0.0000%	1h	4.4316	long leg	$109K	$68K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4222	−0.213%	$165K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−6.557%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4240	−0.172%	$111K	$491K	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4220	−0.217%	$224.3M	$435.3M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.4210	−0.239%	$62.5M	$297.3M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4350	+0.077%	$253K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4219	−0.219%	$35.5M	$61.4M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4250	−0.149%	$53.4M	$46.2M	75x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NEARUSDT	+0.0100%	8h	4.4213	−0.232%	$73.1M	$127.1M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4297	−0.042%	$8.9M	$18.6M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4331	+0.034%	$259K	$966K	20x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4270	−0.104%	$167K	$805K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4258	−0.131%	$297K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4249	−0.151%	$59K	$236K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4300	−0.036%	$2K	$1.3M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4410	+0.212%	$466K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4270	−0.104%	$3.6M	$8.2M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0105%	8h	4.4310	−0.014%	$32K	$585	10x	as long as short
GRVT NEAR_USDT_Perp	+0.0115%	8h	4.4407	+0.205%	$1.5M	$1.5M	10x	as long as short
Aevo NEAR-PERP	+0.0128%	1h	4.4255	−0.138%	$206K	$38K	3x	as long as short
BingX NEAR-USDC	+0.0190%	8h	4.4240	−0.172%	—	$6.7M	—	as long as short
SoDEX NEAR-USD	+0.0195%	1h	4.4235	−0.183%	$5K	$53K	10x	as long as short
MEXC NEAR_USDT	+0.0196%	8h	4.4260	−0.126%	$80.9M	$147.8M	200x	as long as short
Binance NEARUSDT	+0.0200%	8h	4.4260	−0.126%	$270.2M	$1.09B	75x	as long as short
Extended NEAR-USD	+0.0224%	1h	4.4219	−0.218%	$3.7M	$18.5M	25x	as long as short
Kalshi KXNEARPERP	+0.0267%	8h	4.4316	0.000%	$1.1M	$25.1M	2.2x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0314% / S −0.0197%	1h	4.4211	−0.238%	$234K	—	100x	as long as short
Aster NEARUSDT	+0.0318%	8h	4.4246	−0.157%	$2.8M	$5.0M	50x	as long as short
BloFin NEAR-USDT	+0.0320%	8h	4.4290	−0.059%	$13.8M	$32.7M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0424%	1h	4.4344	+0.063%	$2.3M	$16.7M	50x	as long as short
01 Exchange NEARUSD	+0.0456%	1h	4.4285	−0.070%	$13K	$7K	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0466%	1h	4.4341	+0.056%	$1.4M	$6.8M	20x	as long as short
Hyperliquid NEAR	+0.0491%	1h	4.4289	−0.061%	$362.2M	$312.7M	10x	as long as short
Nado NEAR-PERP	+0.0596%	1h	4.4235	−0.183%	$1.7M	$3.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0660%	1h	4.4220	−0.216%	$7.3M	$38.4M	50x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0790%	1h	4.4257	−0.133%	$1.9M	$13.1M	25x	as long as short
Lighter NEAR	+0.0864%	1h	4.4300	−0.037%	$17.4M	$25.1M	15x	as long as short
Arcus NEAR-USDshort	+0.0880%	1h	4.4290	−0.059%	$225K	$1.6M	10x
Lighter RH NEAR	+0.0912%	1h	4.4302	−0.032%	$1.5M	$6.7M	10x	as long as short
Phoenix NEAR	+0.1003%	1h	4.4381	+0.147%	$1.8M	$2.5M	10x	as long as short
Pacifica NEAR	+0.1187%	1h	4.4336	+0.044%	$409K	$1.4M	10x	as long as short
RISEx NEAR/USDC	+0.1259%	1h	4.4279	−0.084%	$668K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1273%	1h	4.4381	+0.146%	$6K	$12K	10x	as long as short