NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0472%/8h= −51.7% APRnext payment −$0.59 per $10,000 · paid last 24h −0.048%

Price spread now: Coinbase International against Extended+0.170%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.218%−$22 on $10k

Price spread, last 4 days (all we have)+0.212%+$21 · spread now +0.170%, 7d avg +0.028%

Together, before fees−0.006%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.142% dearer against Extended than usual: you sell high and buy low (spread +0.170% now, against its 7-day average of +0.028%): +$14 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.218% in total) that is about 4.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.218% in total (about -11.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.59 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	Extended NEAR-USD	4.2865	0.0528	pay 0.0066% / 1h	0m 50s	$3.7M	$19.8M	25x
Short	Coinbase International NEAR-PERP-INTX	4.2938	0.0056	get 0.0007% / 1h	0m 50s	$2.3M	$15.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now +0.170%Rate

Funding earned: −$99.12
Price spread: +0.170% → +0.028%: $14.2
Slippage, 4 orders: −$20.83
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$120.75
Costs to cover: 0.358%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Coinbase International: 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 Extended live order book, 3 min ago	0.35 bp	5.0 bp −$5	9.7 bp −$97	607.2 bp −$60.7K	doesn't fit
Sell Coinbase International live order book, 3 min ago	6.86 bp	14.5 bp −$15	20.2 bp −$202	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	4.2898	+0.077%	$2K	—	20x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.2921	+0.129%	$106K	$68K	10x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.2865	0.000%	$161K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−3.395%	$578	$301K	12x	as long as short
Coinbase International NEAR-PERP-INTXshort	+0.0056%	1h	4.2938	+0.170%	$2.3M	$15.7M	50x
Popdex NEARUSDT	+0.0096%	1h	4.2950	+0.198%	$111K	$501K	50x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.2907	+0.099%	$261.6M	$1.09B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.2852	−0.031%	$212.3M	$426.2M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.2860	−0.012%	$60.6M	$285.1M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.2973	+0.252%	$245K	−$0	10x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NEAR_USDT	+0.0100%	8h	4.2865	0.000%	$31.8M	$62.8M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.2920	+0.128%	$72.5M	$147.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.2900	+0.081%	$53.3M	$45.7M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.2852	−0.031%	$70.9M	$127.4M	75x	as long as short
BingX NEAR-USDC	+0.0100%	8h	4.2880	+0.035%	—	$6.7M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.2857	−0.018%	$8.1M	$17.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.2978	+0.264%	$251K	$950K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.2967	+0.238%	$1.4M	$1.5M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.2960	+0.221%	$165K	$794K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.2944	+0.184%	$267K	$3.9M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.2906	+0.095%	$57K	$246K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3030	+0.385%	$1K	$1.4M	20x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.2990	+0.291%	$458K	$3.9M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.2920	+0.128%	$3.6M	$8.3M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.2917	+0.122%	$31K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.2910	+0.105%	$200K	$37K	3x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.2930	+0.151%	$13.4M	$31.6M	75x	as long as short
Kalshi KXNEARPERP	+0.0250%	8h	4.2955	+0.210%	$773K	$23.9M	2.2x	as long as short
Pacifica NEAR	+0.0263%	1h	4.2952	+0.203%	$396K	$1.3M	10x	as long as short
SoDEX NEAR-USD	+0.0303%	1h	4.2885	+0.046%	$6K	$53K	10x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0322% / S −0.0198%	1h	4.2856	−0.021%	$231K	—	100x	as long as short
Aster NEARUSDT	+0.0331%	8h	4.2882	+0.038%	$2.8M	$5.5M	50x	as long as short
01 Exchange NEARUSD	+0.0520%	1h	4.2979	+0.266%	$13K	$7K	10x	as long as short
Extended NEAR-USDlong	+0.0528%	1h	4.2865	long leg	$3.7M	$19.8M	25x
Hyperliquid NEAR	+0.0543%	1h	4.2890	+0.058%	$350.9M	$313.4M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0562%	1h	4.2908	+0.100%	$1.3M	$6.8M	20x	as long as short
Nado NEAR-PERP	+0.0562%	1h	4.2935	+0.163%	$1.8M	$3.1M	10x	as long as short
Arcus NEAR-USD	+0.0627%	1h	4.2990	+0.291%	$211K	$1.6M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0719%	1h	4.2886	+0.048%	$7.5M	$38.9M	50x	as long as short
Lighter RH NEAR	+0.0904%	1h	4.2944	+0.184%	$1.5M	$7.4M	10x	as long as short
Phoenix NEAR	+0.0941%	1h	4.3300	+1.014%	$1.8M	$2.8M	10x	as long as short
Lighter NEAR	+0.1024%	1h	4.2954	+0.207%	$17.3M	$25.1M	15x	as long as short
RISEx NEAR/USDC	+0.1162%	1h	4.2972	+0.249%	$666K	$1.3M	10x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.1290%	1h	4.2935	+0.163%	$1.9M	$10.0M	25x	as long as short
Aftermath Perps NEARUSD	+0.1500%	1h	4.3028	+0.379%	$5K	$12K	10x	as long as short