Funding you earn now, next payment 09:00 UTC+0.1571%/8h= +172.0% APRnext payment +$1.96 per $10,000 · paid last 24h +0.124%
Price spread now: Deribit against dYdX−0.074%7-day average +0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$870.866% of the position
Funding, last 7 days+0.586%+$59 on $10k
+Price spread, last 4 days (all we have)+1.207%+$121 · spread now −0.074%, 7d avg +0.103%
=Funding pays, the price is against you. Deribit is 0.176% cheaper against dYdX than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of +0.103%). If the spread goes back, that is −$18 on $10k: about 9 hours of funding at the current rate (+$47 a day). At the pace of the last 7 days (+0.586% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.586% in total (about 30.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.96 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX NEAR-USD | 4.4043 | 0 | get 0.0000% / 1h | 47m 28s | $108K | $68K | 10x |
| Short | Deribit NEAR_USDC-PERPETUAL | 4.4010 | 0.1571 | get 0.0196% / 1h | 47m 28s | $1.9M | $13.1M | 25x |
dYdX NEAR-USD
Deribit NEAR_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against dYdX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $329.91
- Price spread: −0.074% → +0.103%
- −$17.64
- Slippage, 4 orders
- −$69.59
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $225.69
- Costs to cover
- 0.866%
- Break-even
- 2.2 days
Slippage from dYdX: live order book, 51 min ago; Deribit: live order book, 2 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, 51 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 Deribit live order book, 2 min ago | 2.51 bp | 6.0 bp −$6 | 13.8 bp −$138 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_NEARUSD | −0.0430% | 1h | 4.3954 | −0.201% | $7.3M | $38.6M | 50x | as long as short |
| Reya NEARRUSDPERP | −0.0171% | 1h | 4.4043 | +0.001% | $2K | — | 20x | as long as short |
| dYdX NEAR-USDlong | 0.0000% | 1h | 4.4043 | long leg | $108K | $68K | 10x | |
| gTrade (Gains Network) NEAR/USD | L +0.0004% / S −0.0006% | 1h | 4.4100 | +0.130% | $165K | — | 150x | as long as short |
| Injective NEAR/USDC PERP | +0.0033% | 1h | 4.1410 | −5.977% | $578 | $301K | 12x | as long as short |
| Popdex NEARUSDT | +0.0096% | 1h | 4.4000 | −0.097% | $117K | $504K | 50x | as long as short |
| Aster NEARUSDT | +0.0100% | 8h | 4.3982 | −0.137% | $2.8M | $4.8M | 50x | as long as short |
| Bybit NEARUSDT | +0.0100% | 8h | 4.3991 | −0.117% | $222.6M | $429.7M | 75x | as long as short |
| OKX NEAR-USDT-SWAP | +0.0100% | 8h | 4.3990 | −0.119% | $62.0M | $298.8M | 50x | as long as short |
| Arcus NEAR-USD | +0.0100% | 1h | 4.4020 | −0.051% | $230K | $1.5M | 10x | as long as short |
Kraken Futures PF_NEARUSD
Reya NEARRUSDPERP
gTrade (Gains Network) NEAR/USD
Injective NEAR/USDC PERP
Popdex NEARUSDT
Aster NEARUSDT
Bybit NEARUSDT
OKX NEAR-USDT-SWAP
Arcus NEAR-USDShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk NEAR-USD | +0.0100% | 1h | 4.3750 | −0.664% | $252K | $3K | 10x | as long as short |
| Gate NEAR_USDT | +0.0100% | 8h | 4.4015 | −0.062% | $36.5M | $61.7M | 75x | as long as short |
| KuCoin NEARUSDTM | +0.0100% | 8h | 4.4000 | −0.097% | $53.2M | $45.6M | 75x | as long as short |
| Bitget NEARUSDT | +0.0100% | 8h | 4.4001 | −0.094% | $72.7M | $127.8M | 75x | as long as short |
| Variational Omni NEAR | +0.0100% | 8h | 4.3688 | −0.805% | $9.0M | $18.3M | — | as long as short |
| edgeX NEARUSDC | +0.0100% | 4h | 4.3658 | −0.873% | $253K | $895K | 20x | as long as short |
| GRVT NEAR_USDT_Perp | +0.0100% | 8h | 4.3670 | −0.846% | $1.4M | $1.6M | 10x | as long as short |
| ApeX Omni NEARUSDT | +0.0100% | 1h | 4.3680 | −0.823% | $167K | $816K | 50x | as long as short |
| Polymarket Perps NEAR-USD | +0.0100% | 1h | 4.4010 | −0.074% | $275K | $4.1M | 10x | as long as short |
| Orderly PERP_NEAR_USDC | +0.0100% | 8h | 4.3947 | −0.217% | $59K | $235K | 20x | as long as short |
| SunX NEAR-USDT | +0.0100% | 8h | 4.4000 | −0.097% | $2K | $1.3M | 20x | as long as short |
| SoDEX NEAR-USD | +0.0100% | 1h | 4.3945 | −0.221% | $5K | $50K | 10x | as long as short |
| Phemex NEARUSDT | +0.0100% | 8h | 4.3950 | −0.210% | $3.6M | $8.2M | 50x | as long as short |
| Paradex NEAR-USD-PERP | +0.0100% | 8h | 4.3994 | −0.110% | $32K | $585 | 10x | as long as short |
| Extended NEAR-USD | +0.0104% | 1h | 4.3984 | −0.132% | $3.7M | $16.0M | 25x | as long as short |
| Aevo NEAR-PERP | +0.0112% | 1h | 4.3950 | −0.209% | $204K | $40K | 3x | as long as short |
| MEXC NEAR_USDT | +0.0120% | 8h | 4.4090 | +0.108% | $93.5M | $154.1M | 200x | as long as short |
| Binance NEARUSDT | +0.0121% | 8h | 4.4020 | −0.051% | $265.6M | $1.09B | 75x | as long as short |
| Hyperliquid NEAR | +0.0125% | 1h | 4.4040 | −0.006% | $354.8M | $317.3M | 10x | as long as short |
| BingX NEAR-USDT | +0.0132% | 8h | 4.4000 | −0.097% | — | $83.1M | — | as long as short |
| Kalshi KXNEARPERP | +0.0153% | 8h | 4.3750 | −0.664% | $886K | $25.2M | 2.2x | as long as short |
| BloFin NEAR-USDT | +0.0242% | 8h | 4.3640 | −0.914% | $12.5M | $32.2M | 75x | as long as short |
| Nado NEAR-PERP | +0.0264% | 1h | 4.4003 | −0.090% | $1.7M | $3.2M | 10x | as long as short |
| 01 Exchange NEARUSD | +0.0272% | 1h | 4.4014 | −0.065% | $13K | $7K | 10x | as long as short |
| GMX NEAR/USD [ETH-USDC] | L +0.0348% / S −0.0248% | 1h | 4.3894 | −0.337% | $256K | — | 100x | as long as short |
| Lighter RH NEAR | +0.0352% | 1h | 4.4101 | +0.133% | $1.5M | $6.4M | 10x | as long as short |
| HTX NEAR-USDT | +0.0443% | 8h | 4.4010 | −0.074% | $466K | $3.8M | 75x | as long as short |
| Lighter NEAR | +0.0464% | 1h | 4.4106 | +0.145% | $17.4M | $23.8M | 15x | as long as short |
| Coinbase International NEAR-PERP-INTX | +0.0488% | 1h | 4.3978 | −0.146% | $2.3M | $17.2M | 50x | as long as short |
| Backpack NEAR_USDC_PERP | +0.0572% | 1h | 4.4024 | −0.042% | $1.1M | $7.2M | 20x | as long as short |
| RISEx NEAR/USDC | +0.0656% | 1h | 4.3811 | −0.526% | $594K | $1.5M | 10x | as long as short |
| Pacifica NEAR | +0.0701% | 1h | 4.4054 | +0.026% | $415K | $1.4M | 10x | as long as short |
| Phoenix NEAR | +0.0740% | 1h | 4.3729 | −0.712% | $1.8M | $2.4M | 10x | as long as short |
| Aftermath Perps NEARUSD | +0.1084% | 1h | 4.3741 | −0.685% | $5K | $7K | 10x | as long as short |
| Deribit NEAR_USDC-PERPETUALshort | +0.1571% | 1h | 4.4010 | −0.074% | $1.9M | $13.1M | 25x |
Bulk NEAR-USD
Gate NEAR_USDT
KuCoin NEARUSDTM
Bitget NEARUSDT
Variational Omni NEAR
edgeX NEARUSDC
GRVT NEAR_USDT_Perp
ApeX Omni NEARUSDT
Polymarket Perps NEAR-USD
Orderly PERP_NEAR_USDC
SunX NEAR-USDT
SoDEX NEAR-USD
Phemex NEARUSDT
Paradex NEAR-USD-PERP
Extended NEAR-USD
Aevo NEAR-PERP
MEXC NEAR_USDT
Binance NEARUSDT
Hyperliquid NEAR
BingX NEAR-USDT
Kalshi KXNEARPERP
BloFin NEAR-USDT
Nado NEAR-PERP
01 Exchange NEARUSD
GMX NEAR/USD [ETH-USDC]
Lighter RH NEAR
HTX NEAR-USDT
Lighter NEAR
Coinbase International NEAR-PERP-INTX
Backpack NEAR_USDC_PERP
RISEx NEAR/USDC
Pacifica NEAR
Phoenix NEAR
Aftermath Perps NEARUSD