NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.029%

Price spread now: Bulk against dYdX+0.265%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$1051.047% of the position

Long on dYdX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.108%+$11 on $10k

Price spread, last 4 days (all we have)+0.015%+$1 · spread now +0.265%, 7d avg +0.032%

Together, before fees+0.123%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bulk is 0.232% dearer against dYdX than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX NEAR-USD	4.3573	0	get 0.0000% / 1h	50m 20s	$107K	$67K	10x
Short	Bulk NEAR-USD	4.3688	0.0100	get 0.0013% / 1h	50m 20s	$252K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.265%Rate

Funding earned: $21
Price spread: +0.265% → +0.032%: $23.23
Slippage, 4 orders: −$87.68
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$60.45
Costs to cover: 1.047%
Break-even: 27.2 days

Slippage from dYdX: live order book, 49 min ago; Bulk: live order book, 49 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, 49 min ago	28.93 bp	40.6 bp −$41	100.1 bp −$1,001	210.3 bp −$21.0K	681.3 bp −$340.6K
Sell Bulk live order book, 49 min ago	11.56 bp	15.1 bp −$15	15.1 bp −$151	34.5 bp −$3,449	55.3 bp −$27.7K

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
Kraken Futures PF_NEARUSD	−0.0432%	1h	4.3692	+0.273%	$7.3M	$38.6M	50x	as long as short
Phemex NEARUSDT	−0.0192%	8h	4.3680	+0.247%	$3.5M	$8.2M	50x	as long as short
Reya NEARRUSDPERP	−0.0171%	1h	4.3505	−0.155%	$2K	—	20x	as long as short
dYdX NEAR-USDlong	0.0000%	1h	4.3573	long leg	$107K	$67K	10x
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.3694	+0.279%	$164K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.963%	$578	$301K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.3580	+0.017%	$118K	$503K	50x	as long as short
Hyperliquid NEAR	+0.0100%	1h	4.3557	−0.036%	$350.9M	$316.7M	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3545	−0.063%	$2.7M	$4.8M	50x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3522	−0.116%	$219.6M	$428.9M	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	4.3520	−0.121%	$61.4M	$295.5M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3600	+0.063%	$228K	$1.5M	10x	as long as short
Bulk NEAR-USDshort	+0.0100%	1h	4.3688	+0.265%	$252K	$3K	10x
Gate NEAR_USDT	+0.0100%	8h	4.3525	−0.109%	$36.1M	$61.7M	75x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3540	−0.075%	$52.8M	$45.9M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3507	−0.151%	$71.9M	$127.6M	75x	as long as short
Variational Omni NEAR	+0.0100%	8h	4.3688	+0.264%	$9.0M	$18.3M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3651	+0.180%	$253K	$894K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.3670	+0.224%	$1.4M	$1.6M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.3660	+0.201%	$166K	$816K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3556	−0.038%	$272K	$4.1M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.3536	−0.084%	$58K	$235K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3770	+0.453%	$2K	$1.3M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3705	+0.304%	$5K	$50K	10x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.3560	−0.030%	$31K	$585	10x	as long as short
Extended NEAR-USD	+0.0104%	1h	4.3544	−0.065%	$3.6M	$16.1M	25x	as long as short
Aevo NEAR-PERP	+0.0112%	1h	4.3525	−0.109%	$202K	$40K	3x	as long as short
MEXC NEAR_USDT	+0.0126%	8h	4.3530	−0.098%	$90.0M	$153.1M	200x	as long as short
Binance NEARUSDT	+0.0126%	8h	4.3550	−0.052%	$262.8M	$1.09B	75x	as long as short
BingX NEAR-USDC	+0.0144%	8h	4.3530	−0.098%	—	$6.7M	—	as long as short
Kalshi KXNEARPERP	+0.0155%	8h	4.3716	+0.329%	$931K	$25.1M	2.2x	as long as short
BloFin NEAR-USDT	+0.0246%	8h	4.3710	+0.315%	$12.5M	$32.2M	75x	as long as short
01 Exchange NEARUSD	+0.0264%	1h	4.3606	+0.077%	$13K	$7K	10x	as long as short
Nado NEAR-PERP	+0.0332%	1h	4.3521	−0.117%	$1.6M	$3.2M	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0346% / S −0.0247%	1h	4.3700	+0.292%	$255K	—	100x	as long as short
Lighter RH NEAR	+0.0376%	1h	4.3624	+0.118%	$1.5M	$6.4M	10x	as long as short
HTX NEAR-USDT	+0.0429%	8h	4.3820	+0.568%	$463K	$3.8M	75x	as long as short
Coinbase International NEAR-PERP-INTX	+0.0488%	1h	4.3687	+0.263%	$2.3M	$17.0M	50x	as long as short
Backpack NEAR_USDC_PERP	+0.0561%	1h	4.3694	+0.279%	$1.1M	$7.2M	20x	as long as short
Lighter NEAR	+0.0576%	1h	4.3631	+0.133%	$17.2M	$23.8M	15x	as long as short
RISEx NEAR/USDC	+0.0656%	1h	4.3588	+0.035%	$591K	$1.5M	10x	as long as short
Pacifica NEAR	+0.0701%	1h	4.3574	+0.004%	$411K	$1.4M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0711%	1h	4.3751	+0.409%	$1.9M	$13.1M	25x	as long as short
Phoenix NEAR	+0.0740%	1h	4.3750	+0.407%	$1.8M	$2.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1100%	1h	4.3690	+0.270%	$5K	$7K	10x	as long as short