NEAR

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0624%/8h= +68.3% APRnext payment +$0.78 per $10,000 · paid last 24h +0.069%

Price spread now: Deribit against Extended+0.219%7-day average +0.122% · you sell dearer than you buy

Net, funding: paid 7d − costs+$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on Extended Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.359%+$36 on $10k

Price spread, last 4 days (all we have)+0.431%+$43 · spread now +0.219%, 7d avg +0.122%

Together, before fees+0.790%+ Points / potential airdropExtended: Active · farm board+$79 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Deribit is 0.098% dearer against Extended than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.122%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.359% in total (about 18.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.78 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	4.4628	0.0200	pay 0.0025% / 1h	43m 57s	$4.0M	$19.6M	25x
Short	Deribit NEAR_USDC-PERPETUAL	4.4726	0.0824	get 0.0103% / 1h	43m 57s	$2.0M	$6.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.219%Rate

Funding earned: $131.04
Price spread: +0.219% → +0.122%: $9.76
Slippage, 4 orders: −$14.19
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $114.61
Costs to cover: 0.262%
Break-even: 0.9 days

Slippage from Extended: live order book, 5 min ago; Deribit: live order book, 5 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, 5 min ago	0.67 bp	6.7 bp −$7	14.1 bp −$141	718.8 bp −$71.9K	doesn't fit
Sell Deribit live order book, 5 min ago	3.70 bp	7.4 bp −$7	39.3 bp −$393	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	4.4695	+0.150%	$2K	—	20x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0008%	1h	4.4686	+0.130%	$2.2M	$15.5M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.4567	−0.138%	$110K	$70K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.4554	−0.166%	$610K	$22.2M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0006%	1h	4.4693	+0.145%	$167K	—	150x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−7.211%	$578	$302K	12x	as long as short
Popdex NEARUSDT	+0.0096%	1h	4.4750	+0.273%	$117K	$515K	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.4592	−0.082%	$426K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.4680	+0.116%	$273.2M	$1.11B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.4646	+0.040%	$223.7M	$425.1M	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	4.4640	+0.027%	$63.3M	$304.5M	50x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.4550	−0.175%	$254K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.4644	+0.035%	$32.3M	$63.0M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.4710	+0.183%	$75.1M	$147.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.4720	+0.206%	$55.5M	$46.2M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.4642	+0.031%	$73.4M	$130.7M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.4650	+0.049%	—	$148.0M	—	as long as short
Variational Omni NEAR	+0.0100%	8h	4.4367	−0.586%	$8.6M	$18.2M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.4481	−0.331%	$267K	$979K	20x	as long as short
GRVT NEAR_USDT_Perp	+0.0100%	8h	4.4624	−0.009%	$1.5M	$1.4M	10x	as long as short
ApeX Omni NEARUSDT	+0.0100%	1h	4.4460	−0.377%	$171K	$793K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.4696	+0.152%	$241K	$4.0M	10x	as long as short
Orderly PERP_NEAR_USDC	+0.0100%	8h	4.4701	+0.163%	$57K	$237K	20x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.4760	+0.295%	$2K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.4684	+0.125%	$8K	$53K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.4760	+0.295%	$466K	$4.0M	75x	as long as short
Phemex NEARUSDT	+0.0100%	8h	4.4680	+0.116%	$3.8M	$8.4M	50x	as long as short
Paradex NEAR-USD-PERP	+0.0101%	8h	4.4562	−0.149%	$32K	$608	10x	as long as short
Aevo NEAR-PERP	+0.0104%	1h	4.4690	+0.139%	$208K	$40K	3x	as long as short
Hyperliquid NEAR	+0.0186%	1h	4.4688	+0.134%	$369.1M	$326.9M	10x	as long as short
Extended NEAR-USDlong	+0.0200%	1h	4.4628	long leg	$4.0M	$19.6M	25x
Backpack NEAR_USDC_PERP	+0.0218%	1h	4.4700	+0.161%	$1.4M	$6.6M	20x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.4410	−0.489%	$14.1M	$33.1M	75x	as long as short
01 Exchange NEARUSD	+0.0240%	1h	4.4759	+0.293%	$13K	$7K	10x	as long as short
Aster NEARUSDT	+0.0296%	8h	4.4681	+0.118%	$3.1M	$5.5M	50x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0339% / S −0.0217%	1h	4.4701	+0.164%	$250K	—	100x	as long as short
Nado NEAR-PERP	+0.0500%	1h	4.4725	+0.217%	$1.9M	$3.1M	10x	as long as short
Lighter RH NEAR	+0.0512%	1h	4.4740	+0.251%	$1.6M	$7.2M	10x	as long as short
Kraken Futures PF_NEARUSD	+0.0581%	1h	4.4712	+0.188%	$8.3M	$40.2M	50x	as long as short
Arcus NEAR-USD	+0.0581%	1h	4.4800	+0.385%	$221K	$1.8M	10x	as long as short
Lighter NEAR	+0.0680%	1h	4.4764	+0.304%	$18.0M	$26.2M	15x	as long as short
Phoenix NEAR	+0.0794%	1h	4.4521	−0.240%	$1.8M	$2.8M	10x	as long as short
Deribit NEAR_USDC-PERPETUALshort	+0.0824%	1h	4.4726	+0.219%	$2.0M	$6.8M	25x
RISEx NEAR/USDC	+0.0926%	1h	4.4738	+0.245%	$565K	$1.4M	10x	as long as short
Aftermath Perps NEARUSD	+0.1557%	1h	4.4608	−0.045%	$6K	$12K	10x	as long as short